Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • IndianOil Axis Bank Credit Card

    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.

    Key Highlights of the IndianOil Axis Bank Credit Card

    • Accelerated reward points on fuel purchases at Indian Oil Corporation fuel pumps.
    • A welcome benefit of a cashback of up to Rs.250 on all fuel expenses made within 30 days of card issuance.
    • Accelerated reward points on shopping expenses.
    • Fuel surcharge waiver on all your fuel expenses.
    • Annual fee waiver if your expenses cross Rs.50,000 in a year.
    • Discounts on movie ticket purchases.

    Features and Benefits of the IndianOil Axis Bank Credit Card

    Welcome Benefit

    • With the credit card, you will receive a welcome benefit of 100% cashback up to Rs.250 on all your fuel transactions.
    • The transactions must be made within 30 days of card issuance.

    Fuel Benefits

    • Accelerated reward points will be given for all your fuel transactions made at IndianOil Corporation Limited fuel pumps in the country.
    • For every Rs.100 spent on fuel, you will receive 20 reward points.
    • The minimum purchase amount to get accelerated reward points is Rs.100 and the maximum is Rs.5,000.
    • With this card, you will also receive a 1% fuel surcharge waiver for all the transactions amounting between Rs.200 to Rs.5,000 per month.

    Shopping Benefits

    • 1% value back will be offered on all your shopping purchases made with this credit card in terms of accelerated reward points.
    • For every Rs.100 spent, you will receive 5 reward points on your credit card.
    • The minimum purchase amount to avail the accelerated reward points is Rs.100 and the maximum is Rs.5,000.

    Milestone Benefits

    • On spending Rs.50,000 in a year, the annual fee for the next year is waivered.

    Reward Point Benefits

    • With every Rs.100 spent on the card, you will receive 1 EDGE reward point.
    • These reward points can be redeemed for the purchase of various products from the rewards catalogue of Axis Bank.

    Dining Benefits

    • With this credit card, you can get a discount of up to 20% on dining at partner restaurants of Axis Bank under the Dining Delights program.

    Entertainment Benefits

    • The IndianOil Axis Bank credit card also comes with entertainment benefits which gives you an instant discount on movie tickets booked on BookMyShow.
    • To get the discount, you need to apply the offer from the ‘offer’ section during payment.

    IndianOil Axis Bank Credit Card Limit

    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.

    Latest Offers on the IndianOil Axis Bank Credit Card

    • Get a discount of up to Rs.1,500 on your bookings on Zoomcar.
    • Avail a discount of 30% on your hotel bookings at Fab Hotels.
    • A flat 30% discount on your bookings made on OYO.
    • A 5% discount will be offered on your domestic flight bookings from Goibibo.
    • Up to 10% cashback will be given on your bookings made on Booking.com.
    • Get a discount of up to 25% on your first order on PharmEasy.

    IndianOil Axis Bank Credit Card Reward Point Benefits

    • For every Rs.100 spent, you will receive 1 EDGE reward point.
    • Accelerated reward points will be given on all your fuel purchases. For every Rs.100 spent, 20 reward points will be given.
    • 5 reward points for every Rs.100 spent will be given for all your online shopping purchases.

    IndianOil Axis Bank Credit Card Fees and Charges

    Type of Charge Amount
    Joining fee Rs.500
    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
    Mobile alerts Free
    Outstation cheque fee Waived
    Hotlisting 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 Nil if payment due is up to Rs. 100 Between Rs. 101 and Rs. 300 - Rs.100 Between Rs. 301 and Rs. 1,000 - Rs.300 Between Rs. 1,001 and Rs. 5,000 – Rs.500 Between Rs. 5,001 and Rs. 10,000 – Rs.600 Rs. 10,001 and above – Rs.700
    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

    Eligibility Criteria of the IndianOil Axis Bank Credit Card

    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 is:

    • The age of the applicant must be between 18 and 70 years old.
    • The primary applicant must be a citizen of India.
    • The age of the add-on applicant must be above the age of 15 years.

    Documents Required to Apply for the IndianOil Axis Bank Credit Card

    You will need to submit several documents during the application procedure. Here are some of the documents which are required:

    1. Address Proof
      • Ration Card
      • Passport
      • Voter ID
      • Aadhaar card
    2. Proof of Identity
      • Passport
      • Aadhaar card
      • Driving License
    3. Proof of Income
      • Salary Slip
      • IT Returns
      • Form 16

    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.

    FAQs on IndianOil Axis Bank Credit Card

    1. What is the joining fee of the credit card?
    2. The joining fee of the IndianOil Axis Bank credit card is Rs.500.

    3. Where can the reward points be redeemed in this credit card?
    4. You can redeem your reward points from the rewards catalogue on the website or the mobile app of Axis Bank.

    5. What is a fuel surcharge waiver?
    6. 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.

      

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