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IndianOil Axis Bank Credit Card
IndianOil credit card is a card designed to provide benefits on fuel spending. With accelerated reward points and benefits like a fuel surcharge waiver, this card is best suited for people with high fuel spending.You can easily apply for the card via CreditMantri. Read on to know about the benefits, charges, eligibility, and documentation.
How to Apply for AXIS Credit Card on CreditMantri.com
Quick Links To Handle Your Axis Bank
There are various procedures associated with the Axis Bank credit card. Here are some quick Links to handle your Axis Bank credit card
Key Highlights/benefits of IndianOil Axis Bank Credit Card
1. 100% cashback as a welcome benefit up to Rs. 250, within 30 days of the issue of the card
2. Special reward points at IndianOil fuel outlets. 4% value back for every Rs. 100 spent.
3. Benefits of online shopping. 1% value back on every Rs. 100 spent.
4. Fuel surcharge waiver for spends between Rs. 200 to Rs. 5,000
5. Get a 10 % discount on the BookMyShow app or website.
6. 20% discount on select restaurants
There are a lot of other benefits of the IndianOil Axis Bank Credit card and let’s take a look at them in detail with the conditions they come with.
Key benefits/offers of IndianOil Axis Bank Credit Card
Type of Benefit | Benefit | Notes |
|---|---|---|
Welcome Benefit | Get 100% cashback on all fuel transactions up to a maximum of Rs. 250 | 1. Can be availed within the first 30 days from the issue of the card 2. Cashback is processed within 30 days of the transaction |
Accelerated Reward points on fuel | 4% value back on fuel transactions at any IOCL fuel outlet on every Rs. 100 spent. Earn 20 reward points on such purchases. | 1. Transaction value to be between Rs. 100 to Rs. 5,000 per month to avail of the offer. 2. Offer available only on transactions at IOCL outlets |
Accelerated Reward points on online shopping | 1% value back on online shopping for every Rs. 100 spent. Earn 5 reward points on such transactions | Valid only on online transactions valued between Rs. 100 to Rs. 5,000 |
Fuel Surcharge Waiver | Enjoy a fuel surcharge waiver of 1%. Applicable at any fuel outlet in India at on fuel spends between Rs. 200 to Rs. 5,000 | 1. Maximum waiver amounting to Rs. 50 can be availed per cycle. 2. GST on fuel surcharge waiver is non-refundable |
Spend based waiver | Annual fee waiver on spends of Rs. 50,000 and above | - |
Bookmyshow benefits | 10% discount on your movie ticket booked via the Bookmyshow app or website | Choose an offer while checking out from the Bookmyshow app or website |
Edge Reward Loyalty points | Get 1 EDGE reward point on spends of every Rs. 100. | To redeem check the rewards catalog |
Dining Rewards | Enjoy up to 20% discount on partner restaurants across India | - |
The eligibility criterion for application for IndianOil Axis Bank Credit Card
Eligibility Criteria | Particulars |
|---|---|
Primary cardholder age | Between 18 - 70 years |
Add-on cardholder age | 15 years |
Residency | Both Resident and Non-resident Indians are eligible |
The bank reserves the right to change the eligibility criterion at its discretion. They also reserve the right to accept or reject applications based on their internal parameters.
Documentation required for application for IndianOil Axis Bank Credit Card
Documentation | Particulars |
|---|---|
Identity proof | Passport,driving license, PAN Card, Aadhaar card |
Residence proof | Passport, Ration card, electricity bill, landline telephone bill |
Photograph | Colored photograph |
Income proof | Form 16/latest payslip/IT return copy |
The document list can change as per the bank’s requirements on a case-to-case basis. This list is indicative and applicants should carry a copy of the above documents to the bank branch in case of applying offline for the card. The decision by the bank to lend the credit card or not is usually communicated within 21 days of the application.
While applying for a credit card, it is very important to look at their charges and fees. Below is a summary of charges/fees levied by IndianOil Axis Bank Credit card.
Charges and Fees
Type of charge/fee | Charge/fee |
|---|---|
Joining Fee | Rs. 500 |
Annual Fee | Rs. 500, waived off on spends above Rs. 50,000 in a year |
Add-on card joining fee | NIL |
Add-on card annual fee | NIL |
Replacement fee for card | NIL |
Payment fee for card | Rs. 100 |
Duplicate Statement fee | Waived off |
Copy request fee or Charge slip retrieval fee | Waived off |
Transaction alert fee for mobile | NIL |
Hotlisting Charges | NIL |
Credit balance inquiry fee | Waived off |
Finance charges on retail purchases and cash | 3.4% per month or 49.36% per annum |
Cash withdrawal fees | 3.4% of the amount withdrawn (Minimum Rs. 500) |
Late payment fees or overdue penalty | NIL - due up to Rs. 300 Rs. 100 - Due between Rs. 301-Rs. 500 Rs. 500 - Due between Rs. 501-Rs. 1,000 Rs. 500 - Due between Rs. 1,001-Rs. 10,000 Rs. 750 - Due between Rs. 10,001-Rs. 25,000 Rs. 1,000 - Due between Rs. 25,001-Rs. 50,000 Rs. 1,000 - Due payment is above Rs. 50,001 |
Over limit penalty | 2.5% of the total over-limit amount, minimum of Rs. 500 |
Cheque dishonor or return or auto-debit reversal fee | 2% of the cheque amount subject to a minimum of Rs. 450 and a maximum of Rs. 1,510 |
Surcharge on cancellation or purchase of railway tickets from IRCTC | As per the IRCTC/railway rules and regulations |
Foreign currency transaction fee | 3.5% of the transaction value |
G.S.T. | As advised by the Government of India |
Reward redemption fee | Applicable |
The application process for IndianOil Axis Bank Credit Card
The application process for the IndianOil Axis Bank credit card can be done both online and offline. Make sure you have read the eligibility criteria and have the required documents to proceed with the application.The application process for IndianOil Axis Bank Credit Card via CreditMantri
It is very convenient to apply for a credit card via Creditmantri and you can complete the application in a few simple steps.
1. Click on “CHECK ELIGIBILITY”
2. Fill in details like Email ID, Mobile number, Residence city, Employment type, Residence Pin code, any loans, etc.
3. Click on “Submit”
4. Enter OTP received on your registered mobile number.
5. Proceed to the next page to View eligible offers and apply
The application process for IndianOil Axis Bank Credit Card via the Bank website
Go to the axis bank official website
1. Click on “Explore Products” – “Cards” – “Credit Cards”
2. Choose IndianOil Axis Bank Credit card
3. Click on “Apply now”
4. Proceed with the rest of the steps to complete your application
The application process for IndianOil Axis Bank Credit Card via Offline
You can walk into any branch of Axis bank with the required documents and fill out the form to apply for the card. Also, you can apply by calling customer care, via SMS, mobile app, etc.
FAQ of IndianOil Axis Bank Credit Card
1. Can I use my IndianOil Axis Bank Credit card for shopping?
Yes, the card can be used for movie ticket bookings, dining, etc., and provides great benefits on the same.
2. What is the joining fee for the IndianOil Axis Bank credit card?
The joining fee is Rs. 500.
3. How much is 1 EDGE reward point worth?
1 EDGE reward point is worth Rs. 0.20
4. What is the offer on BookMyShow with this card?
You can avail of 10% off up to Rs. 100 with this card.
5. What is the age limit to apply for the card?
The minimum age is 18 and the maximum is 70