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Axis Bank IndianOil Credit Card

The Axis Bank IndianOil Credit Card is great for people who want to save money on fuel. When you use this card at IndianOil outlets, you get extra reward points, and you also earn rewards when you shop online. As a bonus, you can get cashback when you first start using the card and enjoy discounts on BookMyShow.

Key Highlights of Axis Bank IndianOil Credit Card

  • Attractive cashback and accelerated reward points.
  • 4% value back on fuel transactions and 1% value back on online shopping.
  • Fuel surcharge waiver.
  • Welcome benefits.
  • Annual fee waiver.
  • Instant discount on movie tickets and dining.

Features and Benefits of Axis Bank IndianOil Credit Card

  • Up to 4% value back on fuel transactions with the accelerated reward points system.
  • Earn 20 reward points per Rs. 100 spent at IOCL outlets for 4% value back on fuel transactions between Rs. 100 and Rs. 5,000 per month.
  • Earn 5 reward points per Rs. 100 spent on online shopping for 1% value back on transactions between Rs. 100 and Rs. 5,000.
  • Additional benefits include 100% cashback on fuel transactions (up to Rs. 250) in the first 30 days, 1% fuel surcharge waiver (up to Rs. 50) on transactions between Rs. 200 and Rs. 5,000 per month, annual fee waiver on spending Rs. 50,000 in a year.
  • Get 10% discount on movie tickets booked through BookMyShow app or website.
  • Earn 1 eDGE reward point on every Rs. 100 spent with this credit card.
  • Enjoy up to 15% dining discount at partner restaurants in India under the Dining Delights program.

IndianOil Axis Bank Credit Card Fees and Charges

1. Joining fee: Rs. 500, but there’s a Lifetime Free offer for select channels.

2. Annual Fee: For the first year, there’s no fee; from the second year onwards, it’s Rs. 500, but there’s a Lifetime Free offer for select channels.

3. Finance charges (Retail purchases and cash): 3.6% per month (52.86% per annum)

4. Cash withdrawal fees: 2.5% (Min. Rs. 500) of the cash amount

5. Overdue penalty or Late payment fees:

  • No fee if Total Payment Due is less than Rs. 500
  • Rs. 500 if total payment due is between Rs. 501 – Rs. 5,000
  • Rs. 750 if total payment due is between Rs. 5,001 – Rs. 10,000
  • Rs. 1200 if total payment due is greater than Rs. 10,000

6. Over limit penalty: 2.5% of the over limit amount (Min Rs. 500)

7. Foreign currency transaction fee: 3.5% of the transaction value

Axis Bank IndianOil Credit Card Eligibility

  • Primary cardholder must be aged between 18 and 70 years.
  • Add-on cardholder should be over 15 years old.
  • Applicant should be either a Resident of India or a Non-Resident Indian.

Documents Required for IndianOil Axis Bank Credit Card

  1. PAN card photocopy or Form 60.
  2. A color photograph.
  3. Proof of income: Latest payslip, Form 16, or IT return copy.
  4. Residence proof (choose any one): Passport, Ration Card, Electricity bill, or Landline telephone bill.
  5. Identity proof (choose any one): Passport, Driving license, PAN card, or Aadhaar card.

How to apply for Axis Bank IndianOil Credit Card?

To apply for the Axis Bank IndianOil Credit Card, you can follow these steps:

Online Application:

  1. Go to the official Axis Bank website.
  2. Search for the IndianOil Axis Bank Credit Card application page.
  3. Fill out the online application form with your personal information, contact details, and income details.
  4. Submit the form online.

Offline Application:

  1. Visit the nearest Axis Bank branch.
  2. Request the IndianOil Axis Bank Credit Card application form from the bank executive.
  3. Fill in the required details on the form manually.
  4. Submit the completed form along with any necessary documents.

After you have completed the application process and submitted the necessary documents, the bank will review your application and assess your eligibility for the Axis Bank IndianOil Credit Card. If approved, you will receive further communication from the bank regarding the card issuance and any other formalities.

Frequently Asked Questions (FAQs)

1. What is the Axis Bank IndianOil Credit Card?

The Axis Bank IndianOil Credit Card is a co-branded credit card offered by Axis Bank in association with Indian Oil Corporation. It is designed to provide users with exclusive benefits and rewards on fuel purchases and other expenses.

2. How can I apply for an Axis Bank IndianOil Credit Card?

You can apply for the Axis Bank IndianOil Credit Card online through the Axis Bank official website or by visiting a nearby Axis Bank branch. Ensure that you meet the eligibility criteria before applying.

3. What are the key features of the Axis Bank IndianOil Credit Card?

The card offers benefits such as accelerated reward points on fuel transactions, discounts on fuel at Indian Oil outlets, milestone rewards, and various lifestyle privileges.

4. What is the eligibility criteria for the Axis Bank IndianOil Credit Card?

Eligibility criteria may vary, but generally, applicants should be in the age range of 18 to 70 years, have a good credit score, and meet the income requirements set by Axis Bank.

5. Can I use the Axis Bank IndianOil Credit Card internationally?

Yes, the Axis Bank IndianOil Credit Card is internationally accepted. You can use it for transactions both in India and abroad.

6. How do I earn and redeem reward points on the Axis Bank IndianOil Credit Card?

You can earn reward points on fuel transactions and other retail spends. These points can be redeemed for fuel vouchers or a range of merchandise as per the Axis Bank rewards program.

7. Is there an annual fee for the Axis Bank IndianOil Credit Card?

Check the latest fee structure on the Axis Bank website or contact Axis Bank customer care for information on annual fees, renewal fees, and other charges associated with the card.

8. What is the interest-free period on the Axis Bank IndianOil Credit Card?

The interest-free period is the time during which you can make purchases without incurring any interest. It typically ranges from 20 to 50 days, depending on the billing cycle and the date of the transaction.

9. How can I check my Axis Bank IndianOil Credit Card statement?

You can access your credit card statement through the Axis Bank internet banking portal or the mobile app. Statements are also sent to your registered email address.

10. What should I do if my Axis Bank IndianOil Credit Card is lost or stolen?

Immediately report the loss or theft to Axis Bank’s customer care helpline. The bank will then guide you through the process of blocking the card and issuing a replacement.