The IndianOil Axis Bank credit card is a card that caters to not only offering more savings on fuel expenses but on other expenses as well. The fuel credit card offers a wide range of benefits and features which includes savings on every fuel expense such as accelerated reward points and surcharge waivers. Apart from this, the card also comes with benefits across other categories as well.
Up to 4% Value Back:
You can get up to 4% value back on the fuel transactions made by you through the accelerated reward points. Given are the details:
Reward Point Benefits:
The credit limit of the IndianOil Axis Bank Credit Card is given at the discretion of the bank. Axis Bank considers many factors while assigning the credit limit and it varies from one person to the other. Some of these factors include the annual income of the primary applicant, the credit score, the credit report as well as the repayment habits of past and ongoing debts.
Given below are the reward points benefits of IndianOil Axis Bank Credit Card:
The following table highlights the fees and charges of IndianOil Axis Bank Credit Card:
|Type of Charge||Amount|
|Annual fee||Rs.500 (waived if annual spends exceed Rs.50,000)|
|Finance Charge||3.4% per month|
|Add-on card joining fee||Nil|
|Add-on card annual fee||Nil|
|Cash payment fee||Rs.100|
|Card replacement fee||Nil|
|Charge slip retrieval fee||Waived|
|Duplicate Statement fee||Waived|
|Outstation cheque fee||Waived|
|Hot listing charges||Nil|
|Cash withdrawal fee||3.4% (Minimum of Rs.500)|
|Over limit penalty||3% of the over limit amount subject to a minimum of Rs.500|
|Late payment fee||Less than Rs.500: Nil, From Rs.501 to Rs.5,000: Rs.500, From Rs.5,001 to Rs.10,000: Rs.750, Greater than Rs.10,000: Rs.1,200|
|Cheque return or dishonor fee||2% of the payment amount subject to a minimum of Rs.450.|
|Foreign currency transaction fee||3.5% of the transaction value|
|Surcharge on railway tickets||As per IRCTC|
|GST||As per the government norms|
Once you click the 'Apply Now' option on the website of Axis Bank, the bank will ask for a few primary details which must be entered. Once done, the bank will check if you are eligible for a credit card and will get in contact with you.
The ideal eligibility criteria for the credit card are:
You will need to submit several documents during the application procedure. Here are some of the documents which are required:
The above-mentioned list of documents is indicative. The bank may ask you to submit any other document during the application procedure or after depending on the requirement.
The joining fee of the IndianOil Axis Bank credit card is Rs.500.
You can redeem your reward points from the rewards catalogue on the website or the mobile app of Axis Bank.
The fuel surcharge which is 1% of your fuel purchase amount is waived off for all transactions which are made with this card. The minimum purchase amount to avail this waiver is Rs.200 and a maximum of Rs.5,000.
You can apply for IndianOil Axis Bank credit card both online as well as offline. If you want to apply for the card online, you need to visit the official website of the bank and fill in the online application form. On the other hand, if you want to apply for the credit card offline, you need to visit the nearest branch of Axis Bank and get in touch with the bank’s official and talk regarding the procedure.
To apply for the IndianOil Axis Bank Credit Card, you have to submit the scanned copies of PAN card, Aadhar card, passport, government ID proof, passport, driving license, utility bills, latest salary slips, and latest Form 16.
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