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 Axis Bank IndianOil 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 Axis Bank IndianOil Credit Card

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:

• The card holders will get 4% as a value back on fuel transactions made by them. The bank will provide 20 reward points on every Rs.100 spent at any IOCL outlet. The offer is applicable to fuel transactions made that range from Rs.100 to Rs.5,000 per month.
• Get 1% value back by receiving five reward points on every Rs.100 spent on e-commerce shopping. This offer is valid only on online transactions which range from Rs. 100 to Rs.5,000.

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 five 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 one 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 15% 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.

IndianOil Axis Bank Credit Card Reward Point Benefits

Given below are the reward points benefits of IndianOil Axis Bank Credit Card:

• For every Rs.100 spent, you will receive one 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.
• Five reward points for every Rs.100 spent will be given for all your online shopping purchases.

IndianOil Axis Bank Credit Card Fees and Charges

The following table highlights the fees and charges of IndianOil Axis Bank Credit Card:

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 are:

• 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 Axis Bank IndianOil 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
• Permanent Account Number (PAN) Card
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 Axis Bank IndianOil Credit Card

1. What is the joining fee of the credit card?

The joining fee of the IndianOil Axis Bank credit card is Rs.500.

2. Where can the reward points be redeemed in this credit card?

You can redeem your reward points from the rewards catalogue on the website or the mobile app of Axis Bank.

3. What is a fuel surcharge waiver?

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.

4. How to apply for IndianOil Axis Bank Credit Card?

   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.

5. What are the documents that are needed to be submitted to apply for IndianOil Axis Bank Credit Card?

   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.