The IndianOil Axis Bank credit card is a co-branded credit card offered by Axis Bank and IndianOil(IOCL), a leading fuel retailing company in India. The card is designed for customers who frequently purchase fuel from IndianOil and offers exclusive discounts, rewards, and other benefits on fuel purchases made using the card.
Some of the key features and benefits of the IndianOil Axis Bank credit card include: Fuel discounts, Reward points, Easy EMI option, Global acceptance, Complimentary insurance.
Overall, the IndianOil Axis Bank credit card is a good option for customers who frequently purchase fuel from IndianOil and are looking for a card that offers exclusive discounts and rewards on fuel purchases.
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| Joining fee | Rs. 500 and Life Time Free Offer for select channels |
| Annual fee | 1st Year:-Nil 2nd Year onwards: Rs. 500, Lifetime Time Free Offer for select channels |
| Best suited for | Gas and petroleum expenses |
| Best features |
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| Reward points | 4% value back on fuel transactions by earning 20 reward points per INR 100 |
| Cashback | nil |
| Yoindi rating | 4/5 |
| Joining fee | Rs.500 |
| Annual fee | Rs.500 (waived if annual spends exceed Rs.50,000) |
| Finance Charge | 3.4% per month |
| Add-on card joining fee | Nil |
| Add-on card annual fee | Nil |
| Cash payment fee | Rs.100 |
| Card replacement fee | Nil |
| Charge slip retrieval fee | Waived |
| Duplicate Statement fee | Waived |
| Mobile alerts | Free |
| Outstation cheque fee | Waived |
| Hotlisting charges | Nil |
| Cash withdrawal fee | 3.4% (Minimum of Rs.500) |
| Over limit penalty | 3% of the over limit amount subject to a minimum of Rs.500 |
| Late payment fee | Nil if payment due is up to Rs. 100 Between Rs. 101 and Rs. 300 - Rs.100 Between Rs. 301 and Rs. 1,000 - Rs.300 Between Rs. 1,001 and Rs. 5,000 – Rs.500 Between Rs. 5,001 and Rs. 10,000 – Rs.600 Rs. 10,001 and above – Rs.700 |
| Cheque return or dishonor fee | 2% of the payment amount subject to a minimum of Rs.450. |
| Foreign currency transaction fee | 3.5% of the transaction value |
| Surcharge on railway tickets | As per IRCTC |
| GST | As per the government norms |
Indian Oil Axis Bank Credit Card Eligibility Criteria states that the primary cardholder must be between the age of 18 and 70 years and the add-on cardholder must be over 15 years old. Eligibility is available to both Resident Indians and Non-Resident Indians.
| Type of documents | Documents accepted |
|---|---|
| Address Proof | Ration Card Passport Voter ID Aadhaar card |
| Proof of Identity | Passport Aadhaar card Driving License |
| Proof of Income | Salary Slip IT Returns Form 16 |
There are several ways to check the status of your IndianOil Axis Bank credit card application:
1. Online: You can check the status of your application online by visiting the Axis Bank website and logging in to your account. you will be able to see its status in your account dashboard if your application is still being processed,
2. Phone: You can also check the status of your application by calling the Axis Bank customer service hotline at 1800–103–5577 . The customer service representative will be able to provide you with an update on your application status.
3. SMS: You can also check the status of your IndianOil Axis Bank credit card application by sending an SMS from your registered mobile number. The format for the SMS may vary, so I would recommend reaching out to Axis Bank for specific instructions.
4. Email: You can also email Axis Bank customer service to inquire about the status of your application. Be sure to include your full name, application reference number, and contact information in your email. The email ID is customer.service@axisbank.com
Regardless of the method you choose, it’s important to have your application reference number handy so that Axis Bank can quickly access your application and provide you with an update. If your application is approved, you will receive your IndianOil Axis Bank credit card in the mail, and you can start using it right away.
The IndianOil Axis Bank credit card offers several advantages to cardholders, including:
1. Fuel discounts: The card offers discounts on fuel purchases made at IndianOil petrol pumps across India, making it a great choice for frequent fuel buyers.
2. Reward points: Cardholders can earn reward points on every fuel purchase made using the card, which can be redeemed for a variety of rewards and benefits, including fuel discounts and shopping vouchers.
3. Easy EMI options: The card allows cardholders to convert their fuel purchases into easy EMIs, making it easier to manage large fuel bills.
4. Global acceptance: The IndianOil Axis Bank credit card is accepted at over 25 million merchant locations worldwide, giving cardholders the flexibility to use their card for purchases both in India and abroad.
5. Complimentary insurance: The card comes with a range of complimentary insurance coverages, including personal accident insurance, lost card liability insurance, and more.
6. Contactless payments: The IndianOil Axis Bank credit card is enabled with contactless technology, allowing cardholders to make quick and secure payments without having to physically swipe or insert their card into a card reader.
7. Easy bill payment: Cardholders can pay their bills easily and securely using the Axis Bank mobile app or online banking platform.
8. 24/7 customer support: Axis Bank provides 24/7 customer support to cardholders, making it easy to get help whenever you need it.
Overall, the IndianOil Axis Bank credit card is a great choice for frequent fuel buyers who are looking for a card that offers discounts, rewards, and a range of other benefits.
While the IndianOil Axis Bank credit card offers many advantages, it also has some drawbacks that you should be aware of:
1. High interest rates: The card has relatively high interest rates, especially on cash advances, which can make it expensive to carry a balance from month to month.
2. Annual fee: The card has an annual fee that you’ll need to pay to maintain your card. This fee may be waived for the first year, but it will apply thereafter.
3. Limited rewards program: While the card offers rewards on fuel purchases, the rewards program may be limited compared to other credit cards that offer rewards on a wider range of purchases.
4. Complex reward redemption process: Redeeming rewards earned on the card may be more complex than with other credit cards, and you may need to jump through a few hoops to redeem your rewards.
5. Limited global acceptance: While the card is accepted at millions of merchant locations worldwide, it may not be accepted at all locations, especially in remote areas.
6. Limited additional benefits: While the card does offer some complimentary insurance coverages, it may not offer as many additional benefits as other credit cards.
It’s important to weigh the benefits and drawbacks of the IndianOil Axis Bank credit card carefully before applying, to ensure that it’s the right card for your needs. If you’re a frequent fuel buyer, the card’s fuel discounts and rewards program may make it a great choice, but if you’re looking for a card with more comprehensive benefits, you may want to consider other options.
The IndianOil Axis Bank credit card is well-suited for individuals who frequently purchase fuel and are looking for a credit card that provides discounts and rewards on fuel purchases. Some other factors that can make this card a good fit include:
1. Frequent travelers: If you frequently travel by car, the fuel discounts offered by the card can help you save money on fuel purchases.
2. High fuel spenders: If you regularly spend a significant amount on fuel, the rewards program can help you earn rewards on your fuel purchases.
3. Convenient payment options: If you’re looking for a credit card that offers convenient payment options, such as contactless payments and easy bill payment, the IndianOil Axis Bank credit card can be a great choice.
4. Value-seeking individuals: If you’re looking for a credit card that offers value, including fuel discounts and rewards, the IndianOil Axis Bank credit card may be a good option.
It’s important to keep in mind that this card may not be the best fit for everyone. For example, if you rarely purchase fuel or don’t spend much on fuel, this card may not offer enough value to make it worth applying for. Additionally, if you’re looking for a credit card with more comprehensive benefits, you may want to consider other options.
| Details | Annual Spends (Rs.) | Cashback(Rs.) |
|---|---|---|
| Fuel Spends at IOCL | 48,000 | 1,920 |
| Fuel Surcharge Waiver | N/A | 480 |
| Online Shopping | 36000 | 360 |
| Movie ticket booking on BookMyShow | 6000 | 600 |
| Others | 54000 | 108 |
| Activation Benefits | N/A | 250 |
| Total Annual benefit | N/A | 3,718 |
| Annual Spends | 144,000 | N/A |
| Annual Free Fuel (in Litres)* | N/A | 53 ltrs |
The customer care for the IndianOil Axis Bank credit card can be reached in several ways, including:
Phone: You can call the customer care number at 1860 419 5555 (toll-free) or +91 22 7171 9000 (for international callers). The customer care team is available 24/7 to assist with your inquiries and concerns.
Email: You can email the customer care team at customercare@axisbank.com for assistance with your credit card account.
Online: You can log into your online banking account to view your account information, make payments, and manage your card.
Mobile app: You can also access your credit card account through the Axis Bank mobile app, where you can view your account information, make payments, and more.
It’s important to have your credit card and personal details handy when you contact customer care, to help the team assist you more quickly and efficiently.
Axis Bank may charge an annual fee for the IndianOil Axis Bank credit card, depending on the type of card and the individual’s creditworthiness. In some cases, the bank may waive the annual fee for the first year or offer it as a lifetime free credit card.
It’s important to carefully review the terms and conditions of the credit card before applying, as well as to regularly check your credit card statement to ensure that you understand the fees associated with the card. If you have any questions about the fees or any other aspects of the card, you can reach out to the customer care team for more information
Yes, you can use your IndianOil Axis Bank credit card for online shopping. In fact, one of the benefits of having a credit card is the ability to make secure online purchases. When you use your IndianOil Axis Bank credit card for online shopping, your transactions are protected by various security measures, such as secure encrypted connections, fraud detection systems, and zero liability policies.
It’s important to keep in mind that you should only use your credit card for online shopping on trusted and secure websites. Additionally, you should be careful to keep your credit card information secure, such as by avoiding using public Wi-Fi when shopping online, and only providing your credit card information on secure websites.
here are a few steps you can follow to activate your IndianOil Axis Bank credit card:
It’s important to keep in mind that you should activate your credit card as soon as you receive it, to ensure that you can start using it right away. If you have any questions about the activation process or your credit card, you can reach out to the customer care team for assistance.
The maximum credit limit of an Axis Bank credit card depends on several factors, such as your income, credit score, and credit history. The bank assesses these factors when considering your application for a credit card and will set a credit limit based on the information provided.
It’s important to note that the credit limit is not a guarantee of the amount you can spend on your credit card. The actual amount you can spend will depend on your current balance, payment history, and other factors. Additionally, the bank may adjust your credit limit from time to time based on changes to your financial situation or credit profile.
