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.
Other Axis Bank Credit Cards
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.
|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|
|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|
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:
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.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.