Axis Bank Indian Oil Credit Card: Benefits, Eligibility and Charges

Being one of the largest private banks in India, Axis Bank is renowned for its diverse range of credit cards tailored to different needs. Among them, the Axis Bank IndianOil Credit Card stands out for fuel savings.

Did you know? Axis Bank Indian Oil credit card gives up to 4% value back every month for up to ₹5,000 on your fuel purchases?

If maximising savings on fuel is your priority, this card is a smart choice. Let us understand everything about the card that you should know before applying.

Features and Benefits of Axis Indian Oil Rupay Credit Card

Not only in fuel transactions, but there are also some essential Axis Indian Oil Rupay credit card benefits:

Welcome Benefit 

If you make a fuel transaction at an Indian Oil petrol pump within 30 days of the card issuance, you will get 100% of the transaction as EDGE REWARD points (up to 1250 and applicable only once).

Value Back on Fuel Transactions at IOCL 

For every transaction at IOCL Petrol pumps, this credit card provides 4% value back as 20 reward points for every ₹100 you spend. To get this benefit, you should use the card in India, and the transaction amount should be between ₹400 - ₹4,000 (Maximum for ₹5,000 every calendar month). 

Fuel Surcharge Waiver

Axis Indian Oil Credit Card benefits include 1% fuel surcharge waiver (for transactions of ₹400 - ₹4,000) of up to ₹50 every statement cycle. 

Discount on Movie Tickets

Beyond fuel transactions, this card also gives you discounts on movie tickets. For ticket bookings via the BookMyShow app or website, you can get an instant 10% discount (maximum discount is ₹100 per month). 

Higher Reward Points for Online Shopping

For online shopping, you can also earn 1% reward points for up to ₹5,000 transactions every month. To be eligible for this, the transaction should be between ₹100 and ₹5,000.

Spend-Based Annual Fee Waiver

You can get a spend-based waiver by spending ₹3,50,000 on every card anniversary. However, transactions such as Cash Withdrawals, EMI Transactions, Insurance Spends, Fees, Charges and GST are not considered as valid spend for this waiver.

Eligibility to Get Axis Bank Indian Oil Credit Card

As we all know, credit cards are approved only if your profile matches the bank’s internal policy. Let us see what the requirements are to get an Axis Bank Indian Oil credit card:

1. The age of the primary cardholder should be between 18 and 70 years.
2. For add-on cardholders, the age should be more than 15 years.
3. The applicant can be a Resident of India or a Non-Resident Indian.

A good CIBIL score is also important to get instant approval for credit cards. 

Documents Required

• PAN card or Form 60.
• Income proof such as Form 16, IT Return file, and latest payslip.
• Proof of residence, like an electricity and telephone bill or a driving license.

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Axis Bank Indian Oil Credit Card Charges

Not only the joining and annual fees, but there are also some other credit card fees you should know before applying for this credit card:

These charges may change over time. You may refer to the official page of the <a href="https://www.axisbank.com/retail/cards/credit-card/indianoil-axis-bank-credit-card" target="_blank" rel="nofollow">Axis Bank Indian Oil Credit Card – Official Page</a> to learn more about other charges applicable.

Process to Apply for an Axis Bank Indian Oil Credit Card Online

• Step 1: Go to the official page of the Axis Bank Indian Oil credit card and click on the ‘Apply Now’ button.
• Step 2: On the next step, choose if you are an existing customer of Axis Bank or not.
• Step 3: Fill in your details such as Aadhaar-linked mobile number, PAN number, pincode, net annual income, etc.
• Step 4: Choose the card network RuPay and click on the Axis Bank Indian Oil Credit Card.
• Step 5: Go to the next step and complete the last steps. You will receive an SMS along with the application number.

Axis Bank will update you via call or SMS if any new updates are available in your credit card application. 

The Axis Bank IndianOil Credit Card is an excellent choice for anyone looking to maximise savings on fuel expenses while enjoying additional lifestyle benefits such as discounts on movies and online shopping. However, if you are new to credit or lack a strong credit history, qualifying for this card may be challenging.

That’s where an FD-backed credit card can help you.

Get an FD-backed credit card through Stable Money and enjoy similar perks while securing your credit score. Download the Stable Money app today and apply for your secured credit card now!