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Whether you want to earn rewards or save more with discounts and deals, you will never fall short of Credit Card options. Paisabazaar is the right place to find the card that best fits your needs.
*Offers are from Paisabazaar's partner Banks & NBFCs.
IndianOil Axis Bank credit card is designed for individuals who are looking for benefits on every fuel transaction. The card comes with welcome benefits, accelerated rewards, fuel surcharge waiver along with discounts on online shopping and movies. Below are the features and benefits of IndianOil Axis Bank credit card in detail:
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Welcome Benefits – The welcome benefit includes cashback up to Rs.250 on all your fuel transactions in the first 30 days of card issuance.
Accelerated Reward Points – You will also earn accelerated reward points at IOCL fuel outlets on fuel transactions between Rs.100 and Rs.5,000 per month.
Online Shopping – Being a fuel credit card, you can still enjoy shopping benefits with IndianOil Axis Bank credit card with 1% value back on online shopping.
Fuel Surcharge Waiver – Avail 1% fuel surcharge waiver on fuel transactions between Rs. 200 and Rs.5,000 per month.
Annual Fee Waiver – On spending Rs.50,000 or more annually, the annual fee of Rs.500 gets waived off.
BookMyShow Discount – You can enjoy 10% discount on booking movie tickets from BookMyShow, via app or website.
Reward Points – On every Rs.100 spent with IndianOil Axis Bank credit card, you will earn 1 Edge Reward Point.
Click here to know how you can redeem Axis Bank Credit Card Reward Points.
Dining Discount – Get 20% discount on dining bills at partner restaurants in India.
| Type of fee or charge | Amount or rate of charge |
| Joining Fee | Rs.500 + applicable taxes |
| Annual Fee | 2nd year onwards – Rs.500 (waived off on spending Rs.50,000 in a year) |
| Finance Charges | 3.4% per month (49.36% per annum) |
| Cash Withdrawal Fee | Minimum Rs.500 | 3.4% of the amount |
| Cash Payment Fee | Rs. 100 |
| Late Payment Fee | Nil for total payment up to Rs. 100 Rs. 100 if the total payment is between Rs. 101-Rs. 300 Rs. 300 if the total payment is between Rs. 301-Rs 1,000 Rs. 500 if the total payment is between Rs. 1,001-Rs 5,000 Rs. 600 if the total payment is between Rs. 5,001- Rs 20,000 Rs. 700 if the total payment is Rs. 20,000 and more |
| Cheque return or Dishonour Fee | 2% | Min. Rs. 450 |
| Fuel Transaction Surcharge | 1% of the transaction amount |
| Foreign Currency Transaction Fee | 3.50% of the transaction value |
Note: Banks reserve the right to change the fees & charges without prior communication.
To apply for IndianOil Axis Bank credit card, you need to be in the age bracket of 18-70 years. The add-on cardmember should be above 15 years. Needless to say, the chances of approval are higher if your credit score is 700 or above.
Documents Required to apply for IndianOil Axis Credit Card –
| Identity Proof | Passport, PAN Card, Aadhaar Card, Voter’s ID Card, Driving Licence, Photo Credit Card, Central and State Govt. issued Photo ID Proof, Defence ID Card, etc. (any 1) |
| Residence Proof | Aadhaar Card, Ration Card, Passport, Bank Account Statement, Voter’s ID Card, Letter from any recognized public authority, Telephone Bill, Electricity Bill, Water Bill (not more than 3 months old), etc. (any 1) |
| Income Proof | Salary Slips (not more than 3 months old), Bank Statements (not more than 3 months old), ITR, Form-16, etc. (any 1) |
To apply for IndianOil Axis Bank Credit card, you can either visit the bank’s website or contact Axis Bank Credit Card Customer Care and they will guide you withthe process of applying for a credit card. The important thing to note is that a good credit score helps in the approval process from the Bank’s end.
Are there any other fuel credit cards offered by Axis Bank?
There are credit cards from Axis Bank that come with fuel surcharge waiver, however, IndianOil Axis Bank credit card is specifically designed for cardholders who are looking for fuel benefits and fuel discounts. So if you are looking for a credit card from Axis Bank that benefits you on everyday fuel transactions, then IndianOil Axis is the one for you.
How do I check my eligibility for IndianOil Axis Card?
You need to be above 18 years with a good credit score in order to apply for IndianOil Axis Bank credit card. Other than, the bank shall notify you if you meet the eligibility criteria.
How can I apply for this credit card?
You can apply for IndianOil Axis credit card at the bank’s website or contact the bank executives for the same.
What other benefits does this credit card offer apart from fuel?
The good thing about IndianOil Axis credit card is that it is not restricted to just fuel benefits. You can enjoy benefits and privileges on online shopping, booking movie tickets and earn accelerated reward points on using this card.
| Credit Card | Annual Fee | Reward Points / Offers | Net Savings |
| Citibank Indian Oil Platinum Credit Card | Rs.1,000 | Get up to 71 litres of free fuel annually | Rs. 5,288* Rs.10,576** |
| BPCL SBI Card | Rs.499 | Earn 13X Reward Points on fuel purchases at BPCL petrol pumps | Rs.2,515* Rs.5,005** |
| Standard Chartered Super Value Titanium Credit Card | Rs.750 | Get up to 5% cash back on fuel spends | Rs. 9,834* Rs.12,930** |
| SBI SimplyCLICK Credit Card | Rs.499 | Get Fuel Surcharge Waiver | Rs. 9,271* Rs.14,541** |
*On spending Rs.2 lakh annually
**On spending Rs.4 lakh annually
| Credit Card | Annual Fee | Key Feature | Paisabazaar Rating |
Rs. 750 | Earn 5% cashback on fuel across all fuel stations in India with maximum cashback of Rs.200 per month. Get 1 Reward Point for every Rs.150 spent | 4/5 | |
Rs.500 | Get Fuel Surcharge waiver Earn 5% of the bill payments as fuel points | 3.6/5 | |
Rs.1,000 | Get Fuel Surcharge Waiver Get 71 litres of free fuel annually | 4.5/5 | |
Rs. 499 | Get 13x Bonus Reward Points on fuel transactions made at Bharat Petroleum Fuel Stations Get 2,000 bonus reward points worth Rs. 500 on joining | 3.3/5 |
I am so proud of the Paisabazaar team who has been so kind and generous with their advice.
This is the perfect credit card. Would definitely recommend this to all of you!
What an amazing credit card. Cannot tell you how lucky I feel to have known about this credit card.
This is the best card from Axis. Super like for this one. You should try too.
This credit card has brought such a good balance in my savings. So happy!
I feel so happy about using this credit card. It has simplified my life to such a great extent.
