The IndianOil Axis Bank Credit Card is perfect for fuel enthusiasts, offering 4% cashback on fuel purchases at IndianOil outlets, 100% cashback on your first fuel transaction, and a 1% fuel surcharge waiver. With accelerated rewards on other spending, it’s designed to save you more. The annual fee is just ₹500, easily waived with ₹3.5 lakh annual spending, making it an affordable, high-value choice for frequent drivers.
Overview
| Category | Details |
|---|---|
|
Type of Card |
Fuel credit card |
|
Annual Fee |
₹500 + GST |
|
Reward Rate |
1%-4% |
|
USP |
Earn 4% value back on fuel |
|
Best Use For |
Fuel Spending |
Joining & Renewal Fees
| Category | Details |
|---|---|
|
Joining Fee |
₹500+ GST |
|
Joining Benefit |
Get upto 1250 Edge Reward Points (worth ₹ 250) |
|
Welcome Benefit Criteria |
Welcome benefits won’t apply since only fuel transactions made within the first 30 days of card issuance will be considered |
|
Renewal Fees |
₹500+ GST |
|
Renewal Benefit |
Nil |
|
Renewal Waiver |
Spend ₹3.5 lakh or more in the preceding 12 months and get the renewal membership fee waived for next year |
Edge Point Earning Potential
Cashback Redemption
Redeeming your EDGE Reward Points with your the Credit Card with wide range of categories to discover exciting items and vouchers. Select your favorites and enjoy great options tailored to your preferences and needs.
Dining Benefits
Treat yourself to a great dining experience with Axis Bank Dining Delights! Get up to 15% off at partner restaurants across India through EazyDiner. To enjoy the offer, place an order with a minimum value of Rs. 2500 and save up to Rs. 500. This offer is valid once per card each month, so you can make the most of it every month!
Design And Variant
The IndianOil Axis Bank Credit Card is a perfect choice for an individual who is fuel-savvy and also allows 4% cashback on the purchase of fuel at IndianOil outlets. But it is not just a fuel card but also gives ca hance to enjoy exciting welcome rewards and discounts on entertainment and dining and is a combination of savings with convenience. Whether it’s for everyday commutes or long drives, this card helps you make the most of your fuel expenses while enjoying extra perks along the way.
Foreign Currency Transaction Fee (Forex)
This Credit card charges a 3.5% fee+ GST on foreign currency transactions and a Dynamic Currency Conversion (DCC) markup fee of 1%.
Eligibility and Application
Fuel Surcharge Waiver
The card provides a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 .The maximum waiver amount is capped at ₹50 per statement cycle.
Add-On Cards
The Card allows cardholders to avail add-on cards. These add-on cards share the same benefits as the primary card, making it easier for family members to enjoy the perks.
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Frequently Asked Questions
Get upto 1250 Edge Reward Points (worth ₹ 250)
By maximum transactions on fuel.
Rent payments made through this credit card are not eligible for any reward points.
The annual fee is 500+ GST.
Conclusion
The IndianOil Axis Bank Credit Card is perfect for fuel-savvy individuals, giving you 4% cashback on fuel purchases at IndianOil outlets. But it’s more than just a fuel card enjoy exciting welcome rewards and discounts on dining and entertainment, combining savings with convenience. Whether it’s for everyday commutes or long drives, this card helps you make the most of your fuel expenses while enjoying extra perks along the way.