IndianOil Axis Bank Credit Card is a co-branded fuel credit card issued by Axis Bank in collaboration with IOCL (Indian Oil Corporation Limited). The card is solely aimed at providing great saving opportunities to those who spend very often on fuel. It is an entry-level card and hence comes with a nominal annual fee of Rs. 500. The card offers a particularly high reward rate of 5% on fuel spends at IOCL filling stations and a decent reward rate of 1% on online spends.
Bening an entry-level credit card, although it doesn’t offer many additional benefits, you however do get dining and movie benefits with instant discounts on movie tickets and discounted rates at partner restaurants under the bank’s Dining Deleghts Program. Other than this, the cardholders get fuel surcharge waivers and many more benefits with the IndianOil Axis Bank Credit Card.
Features and Benefits of the IndianOil Axis Bank Credit Card
- 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.
- 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.
IndianOil Axis Bank Credit Card : Features, Benefits, Fees
- 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 5 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.
- On spending Rs.50,000 in a year, the annual fee for the next year is waivered.
- With every Rs.100 spent on the card, you will receive 1 EDGE reward point.
- These reward points can be redeemed for the purchase of various products from the rewards catalogue of Axis Bank.
- With this credit card, you can get a discount of up to 20% on dining at partner restaurants of Axis Bank under the Dining Delights program.
- 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.