Best Fuel Benefits with Indian Oil Axis Bank Credit Card 2023
Introducing the Indian Oil Axis Bank Credit Card, an unparalleled financial companion that transcends mere transactions to offer a realm of exclusive benefits and substantial savings. This credit card isn’t just a means of payment; it’s a gateway to a world of perks designed to elevate your everyday expenses while maximizing your savings potential.
Designed for the savvy spender, the IndianOil Axis Bank Credit Card isn’t solely about convenience; it’s a strategic tool that puts your expenses under your control. Imagine the satisfaction of significant savings every time you fuel up, as this card unlocks exclusive discounts and rewards specifically tailored for gasoline bills. But that’s just the beginning.
Beyond fuel savings, this credit card transforms everyday purchases into opportunities for added benefits. From groceries to dining, travel to entertainment, it seamlessly extends its advantages to various facets of your life. The expedited reward points system ensures that every swipe translates into tangible benefits, bringing you closer to your aspirations with each transaction.
One of its standout features lies in the surcharge waivers, alleviating the burden of additional fees commonly associated with credit card transactions. This not only simplifies your spending but also adds substantial value to each purchase, making your expenses more rewarding than ever before.
Furthermore, the Axis Bank IndianOil Credit Card isn’t limited to a single domain. It extends its advantages beyond fuel-related expenses, catering to diverse needs and offering a comprehensive suite of benefits in different realms. Whether it’s lifestyle privileges, travel perks, or financial management assistance, this credit card emerges as your trusted companion, empowering you to navigate life’s expenses with ease and confidence.
Key Highlights of Indian Oil Axis Bank Credit Card
| Perfect for | Fuel Expenses |
| Joining Fees | Rs. 500 |
| Annual Fees | Rs. 500 |
| Axis Bank Indian Oil Credit Card Reward Points | 4% cashback on fuel purchases at Indian Oil pumps. |
Axis Bank Indian Oil Credit Card Benefits and Features
- Welcome benefits include an Rs. 500 Amazon voucher and 100% cashback (up to Rs. 500) on all fuel transactions made within the first 30 days of card issuance. This welcome deal is only available for a short time.
- Reward Points: Indian Oil Axis Bank Credit Card offers the following reward rates across various categories: – 20 Edge Awards for every Rs. 100 spent at IOCL petrol pumps (for transactions up to Rs. 5,000 every month). – 5 Edge Points for every Rs. 100 spent online.
- Get one Edge Reward Point for every rupee spent elsewhere.
- Movie Benefits: BookMyShow offers a 10% discount on movie ticket bookings.
- Fuel Surcharges Waiver: All fuel transactions between Rs. 200 and Rs. 5,000 are waived off from the 1% fuel surcharge (maximum waiver up to Rs. 50 per month).
Indian Oil Axis Bank Credit Card Charges And Fees
The most prominent Axis Bank Indian Oil Credit Card Fees are
| Type of Charge | Amount |
| Joining Fees | Rs. 500 |
| Annual Fees | Rs. 500 |
| Interest Rate | 49.36% p.a |
| Late Payment |
|
Eligibility for Indian Oil Axis Bank Credit Card
The requirement for Indian Oil Axis Bank Credit Card is mentioned in the below table.
| Age | 18 to 70 Years of Age |
| Occupation | Salaried or Self-employed |
Documents Required to Apply for the Indian Oil Axis Bank Credit Card
Required Documents are as followed :-
- Proof of Address: Ration, Passport, Voter ID, Aadhaar.
- Proof of Income: Pay Slip, ITR, Form 16.
- Proof of Identification: Passport, Aadhar, Driver’s License, PAN.
How Can You Apply for the Indian Oil Axis Bank Credit Card?
If you want this credit card, you will have to follow the steps mentioned below-
Step 1: You will have to visit the official website of Axis Bank.
Step 2: Navigate to the Apply section and chose the desired card.
Step 3: Now, choose the apply option and enter all your details.
Step 4: Once the details have been entered, click on submit, and the bank will get in touch with you.
Similar Credit Cards
| Credit Card Name | Fees | Feature |
| HDFC Bharat Cashback Credit Card | Rs. 500 | 5% off petrol, IRCTC ticket, groceries, bill payments, and cellphone recharges. |
| ICICI Bank HPCL Coral Credit Card | Rs. 199 | For fuel purchases at HPCL pumps, you will receive 2.5% cashback and a 1% fuel surcharge reduction. |
| Indian Oil Citi Platinum Credit Card | Rs. 1,000 | Every Rs. 150 spent at Indian Oil gasoline stations earns you 4 Turbo points. |
| Indian Oil HDFC Bank Credit Card | Rs. 500 | 5% of your purchases are gasoline points at IndianOil locations. |
| SBI BPCL Credit Card | Rs. 499 | In BPCL gas pumps, 13X reward points are equivalent to 4.25% value back. |
In the meantime you can also read our content on the topic No Annual Fee Credit Cards. These cards are meant for beginners who want to opt for first credit card.
Other Axis Bank Credit Cards
| Flipkart Axis Bank Credit Card | Axis Bank Privilege Credit Card |
| IndianOil Axis Bank Credit card | Axis Bank Select Credit Card |
| Axis Bank MY Zone Credit Card | Axis Bank Neo Credit Card |
| Axis Bank Vistara Credit Card | Axis Bank Reserve Credit Card |
| Axis Bank Magnus Credit Card | Axis Bank AURA Credit Card |
FAQs
Can I use the Indian Oil Axis Bank Credit Card internationally?
Yes, this credit card is globally accepted, allowing you to make purchases and transactions internationally. However, please note that certain charges, such as foreign currency markup fees, may apply for international transactions.
Does this credit card offer any travel benefits?
Yes, apart from fuel-related advantages, this card provides travel benefits such as lounge access at selected airports, travel insurance coverage, and discounts on specific travel bookings.
What is the interest-free period offered with this credit card?
The interest-free period on this credit card is up to 50 days, provided the outstanding balance is cleared in full by the due date.
Can I transfer the outstanding balance from another credit card to the Indian Oil Axis Bank Credit Card?
Yes, you can transfer the outstanding balance from other credit cards to this card through a balance transfer facility. However, please note that a nominal processing fee may be applicable.
Is there a cash withdrawal limit on this credit card?
Yes, cash withdrawal limits are applicable to this credit card. The limit is usually a percentage of the overall credit limit assigned to the card. Cash withdrawal may also incur charges and interest from the date of withdrawal.
What is the process for upgrading or downgrading the credit card variant?
Upgrading or downgrading your credit card variant can usually be done by contacting the Axis Bank customer service helpline or visiting the nearest branch. There might be specific criteria and conditions for such changes.
How do I check my credit card statement and outstanding balance?
You can easily check your credit card statement and outstanding balance through Axis Bank’s internet banking portal or mobile app. Alternatively, you can also receive monthly statements via email.
Are there any special dining privileges offered with this credit card?
Yes, this credit card often provides dining offers and discounts at selected partner restaurants. These offers can vary and are periodically updated.
Can I convert big-ticket purchases into EMIs (Equated Monthly Installments)?
Yes, the IndianOil Axis Bank Credit Card offers the facility to convert significant purchases into easy EMIs. However, this is subject to specific terms and conditions.
What should I do if my credit card is lost or stolen?
In case of loss or theft, immediately notify Axis Bank’s customer service helpline to block the card. They will assist you in the process of card replacement and safeguarding against any unauthorized transactions.
What Papers must be presented to apply for an Indian Oil Axis Bank Credit Card?
To apply for this Credit Card, you must provide scanned copies of your PAN card, Aadhar card, passport, government ID proof, driving license, utility bills, most recent pay stubs, and form 16.
Is the Indian Oil Credit Card of Axis Bank appropriate for online purchases?
In addition to being a fuel credit card, this card offers incentives while purchasing online. Get 1% value back by accumulating five reward points for every Rs. 100 spent on online shopping. However, this only applies to online transactions between Rs. 100 and Rs. 5,000.
Where can this credit Card’s reward points be redeemed?
You can redeem your reward points through the Axis Bank website or the mobile app’s rewards catalog..
What is the Indian Oil Axis Bank Credit Card annual fee?
This credit card has an Rs. 500 application fee..
What exactly is a waiver of the fuel surcharge?
For all purchases done with this card, the fuel surcharge of 1% of your fuel purchase is eliminated. The minimum purchase amount to quality for this waiver is Rs. 200, with a maximum purchase amount of Rs. 5,000.
If you would like to know more about applying Indian Oil Axis Bank Credit Card then please go to the official website of the bank from here.
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