4% value back on fuel spends

IndianOil Axis Bank Credit Card

With your IndianOil Axis Bank Credit Card, you may unlock a world of advantages and benefits. The purpose of this card is to link you to rewards and loyalty points. It offers a plethora of value back benefits on fuel transactions, spend based waiver, discounts on movie tickets, and more.

Features & Benefits
Fees & Charges
Eligibility & Documentation
Value Chart
Services

Features & Benefits

Welcome benefit - Earn 100% valueback on fuel

Get upto 1250 EDGE REWARD Points on first fuel transactions with your IndianOil Axis Bank Credit Card within first 30 days of card issuance. Click here to view the terms and conditions.

Accelerated reward points at any IOCL fuel outlets

Enjoy benefit of 4% value back on fuel transactions by earning 20 reward points per ₹100 spent at any IOCL fuel outlet in India.

Accelerated reward points at online shopping

Enjoy benefit of 1% value back on online shopping by earning 5 reward points per ₹100 spent.

Fuel surcharge waiver

Free yourself from paying fuel surcharge waiver of 1%

Spend based waiver

Spend more than ₹3,50,000 in a card anniversary year and you will be eligible for annual fee waiver

Instant discount on Bookmyshow

Get instant discount upto 10% on your movie ticket booked via Bookmyshow app or website.

Earn EDGE REWARD loyalty points

Earn 1 EDGE REWARD Point on ₹100 spend with your Credit Card. For options to redeem your points, check the EDGE loyalty rewards catalogue.

Dining Delights

Enjoy exceptional dining experiences at top restaurants across India with the Axis Bank Dining Delights Program.

Wednesday Delight

Beat the mid-week blues with exciting offers every Wednesday

Fees & Charges

Stay informed about the fees and charges on your Credit Card to manage your finances better and make confident spending decisions.

Fees & Charges

DESCRIPTION	CHARGES
Joining Fee	₹500
Annual fee	1st Year: Nil 2nd Year onwards: ₹500
Add-on card joining fee	Nil
Add-on card annual fee	Nil
Card replacement fee	Nil
Cash payment fee	₹175
Duplicate Statement fee	Waived
Charge slip retrieval fee or copy request fee	Waived
Outstation cheque fee	Waived
Mobile alerts for transactions	Free
Hotlisting charges	Nil
Balance enquiry charges	Waived
Finance charges (Retail purchases and cash)	3.75% per month (55.55% per annum)
Cash withdrawal fees	2.5% (Min. ₹500) of the cash amount
Overdue penalty or Late payment fees	Nil if Total Payment Due is less than ₹500 ₹500 if total payment due is between ₹501 - ₹5,000 ₹750 if total payment due is between ₹5,001 - ₹10,000 ₹1200 if total payment due is greater than ₹10,000 An additional ₹100 charge will be levied if the 'Minimum Amount Due (MAD)' is not paid for two consecutive cycles and will apply until the MAD is cleared.
Over limit penalty	2.5% of the over limit amount (Min ₹500)
Cheque return or dishonor fee or auto-debit reversal	2% of the payment amount subject to Min. ₹500, No Max Cap on Fee
Surcharge on purchase or cancellation of railway tickets	As prescribed by IRCTC/Indian Railways
Foreign currency transaction fee	3.5% of the transaction value
G.S.T	As per existing government norms
Reward Redemption fee	₹99 per transaction on the EDGE REWARDS platform
Rent Transaction fee	1% plus taxes will be applicable on each rental transaction done on Axis Bank Credit Cards. GST will be applicable as notified by Government of India.
Dynamic Currency Conversion markup	1.5% plus taxes will be applicable on Axis Bank Credit Cards for each International transaction performed in Indian currency at International location or transactions performed in Indian currency with merchants located in Indian but registered in foreign nation.
Transaction fee	- 1% will be applicable on education payments made via third-party apps. However, payments and transactions made directly through education institutional websites, or their POS machines will not incur this fees. - Cumulative spends exceeding ₹10,000 on wallet loads, ₹50,000 on fuel, ₹25,000 on utilities, and ₹10,000 on online skill-based gaming platforms within a statement period will attract a 1% transaction fee

Eligibility Documentation

Eligibility for Axis Bank Indianoil Credit Cards

Primary Cardholder should be 18-70 years of age
Add-on cardholder should be over 15 years
The individual should either be a Resident of India or a Non-Resident Indian

*The above criteria are only indicative. The bank reserves the right to approve or decline applications for credit card.

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Documentation for Axis Bank Indianoil Credit Card

PAN Card photocopy or Form 60
Proof of income
Latest payslip / Form 16 / IT return copy as income proof
Residence proof
Driving License / Electricity Bill / Landline Telephone Bill bill

*The above list is only indicative. Documents required may vary on a case to case basis.

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Value Chart

Details	Annual Spends(₹)	Annual Benefits(₹)
Fuel Spends at IOCL	60,000	2,400
Fuel Surcharge Waiver	N/A	600
Online Shopping	42,000	420
Movie ticket booking on BookMyShow	12,000	1,200
Others	54,000	108
Activation Benefits	-	250
Annual Fee Waiver	-	500
Total	1,68,000	5,478
Annual Free Fuel (in Litres)*	N/A	60 Litres