IndianOil Axis Bank Credit Card is designed for individuals who are looking for a credit card that offers benefits on fuel transactions. The card comes with welcome benefits, accelerated rewards, fuel surcharge waiver along with discounts on online shopping and movies. However, being a co-branded credit card, you can avail maximum benefits only on your transactions at IndianOil outlets. Below mentioned are the features and benefits of Axis Bank IndianOil Credit Card in detail.
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Key Highlights of IndianOil Axis Bank Credit Card | |
 | |
| Card Type | Entry-level |
| Best Suited for | Fuel |
| Joining Fee | Rs. 500 |
| Annual Fee | Rs. 500 (Waived off on spending Rs. 50,000 in a year) |
| Welcome Benefits | 100% cashback (Up to Rs. 250) on your fuel transactions in the first 30 days of card issuance |
| Best Feature | 4% value back on your fuel spends at IndianOil outlets |
| Paisabazaar’s Rating | ★★★ (3/5) |
Also read: 10 Best Credit Cards in India
| On this page |
IndianOil Axis Bank Credit Card is a co-branded credit card that offers benefits on your fuel transactions. With this card, you can earn higher reward points or value back on your transactions at IndianOil outlets. Here are some of the major Axis Bank IndianOil Credit Card benefits:
You can avail up to 4% value back on your fuel transactions through the accelerated reward points. Below mentioned are the details regarding the same:
Suggested read: Best Credit Cards for Reward Points
This credit card also offers benefits on online shopping, movie ticket bookings and much more. Some of the other Axis Bank IndianOil Credit Card benefits are mentioned below:
Welcome Benefit: 100% cashback (Up to Rs. 250) on your fuel transactions in the first 30 days of card issuance.
Fuel Surcharge Waiver: 1% fuel surcharge waiver on your transactions between Rs. 200 and Rs. 5,000 per month. You can avail a maximum waiver of Rs. 50 in a statement cycle.
Annual Fee Waiver: Annual fee waiver on spending Rs. 50,000 in a year.
BookMyShow Discount: 10% discount on booking movie tickets through BookMyShow’s app or website.
Reward Points: 1 eDGE reward point on every Rs. 100 spent via this credit card.
Dining Discount: Up to 20% discount on dining bills at partner restaurants in India under the Dining Delights program.
Below mentioned are some of the important Axis Bank IndianOil Credit Card charges:
| Type of Fee/ Charge | Amount |
| Joining Fee | Rs. 500 |
| Annual/ Renewal Fee | Rs. 500 (Waived off on spending Rs. 50,000 in a year) |
| Finance Charges | 3.4% p.m. (49.36% p.a.) |
| Late Payment Fee | For Statement Balance:
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Click here to check other associated fees and charges.
To apply for Axis Bank IndianOil Credit Card, you must meet the following eligibility criteria:
| Criteria | Details |
| Age Requirement | 18 to 70 years |
| Occupation | Salaried or Self-employed |
| Documents Required | Click here for the list of acceptable documents |
| Serviceable Cities | Click here for the list of serviceable cities |
IndianOil Axis Bank Credit Card is a fuel credit card that gives value back on your fuel transactions at IndianOil outlets in the form of reward points. Apart from fuel benefits, this credit card also offers other privileges, such as cashback on your first fuel transaction, annual fee waiver, discount on movie tickets, dining discount, etc. The good thing is you can avail this credit card for free by spending Rs. 50,000 in a year, which is feasible if you frequently make fuel transactions.
Overall, this is a decent credit card that provides satisfactory benefits on your fuel spends as reward points. You can apply for this credit card if you can easily spend Rs. 4,000 to Rs. 5,000 in a month on your fuel expenses at IndianOil fuel outlets. However, if you are looking for a card that offers benefits on multiple categories, then you can look for top credit cards available in the market.
IndianOil Axis Bank Credit Card offers benefits on your fuel transactions, but if you are looking for other similar credit cards, then you can refer to the cards mentioned in the table below:
| Credit Card | Annual Fee | Key Feature |
| HDFC Bharat Cashback Credit Card | Rs. 500 | 5% cashback on fuel expenses, IRCTC tickets, groceries, bill payments and mobile recharges |
| IndianOil HDFC Bank Credit Card | Rs. 500 | 5% of your spends as fuel points at IndianOil outlets |
| ICICI Bank HPCL Coral Credit Card | Rs. 199 | 2.5% cashback and savings of 1% fuel surcharge on fuel purchases at HPCL pumps |
| SBI BPCL Credit Card | Rs. 499 | 13X reward points equivalent to 4.25% value back on fuel purchases at BPCL petrol pumps |
| IndianOil Citi Platinum Credit Card | Rs. 1,000 | 4 Turbo points for every Rs. 150 spent at IndianOil fuel stations |
Q. How is IndianOil Axis Bank Credit Card?
A. IndianOil Axis Bank Credit Card is a co-branded fuel credit card that offers higher rewards or value back on your fuel transactions at IOCL outlets. This is a suitable option for you if your fuel spends are around Rs. 4,000 to Rs. 5,000 for every month. Apart from fuel, this credit card also offers other benefits, such as dining discount, discount on BookMyShow, fuel surcharge waiver, annual fee waiver and more.
Q. How can I apply for IndianOil Axis Bank Credit Card?
A. You can apply online as well as offline for this credit card. To apply online, you can visit official website of the bank and fill out an application form. If you want to apply offline, then you can visit any of the nearest branches of the bank and talk to an executive regarding the process. Additionally, you can also click here to apply for this credit card through our platform.
Q. What is the maximum fuel surcharge waiver offered by IndianOil Axis Bank Credit Card?
A. Axis Bank IndianOil Credit Card offers a fuel surcharge waiver of 1% or a maximum of Rs. 50 in a statement cycle. This fuel surcharge waiver is offered on your transactions between Rs. 200 and Rs. 5,000.
Q. Is IndianOil Axis Bank Credit Card suitable for online shopping?
A. Being a fuel credit card, this card also provides benefits on online shopping. You can earn 1% value back by earning 5 reward points per Rs. 100 spent on online shopping. However, this is applicable only on online transactions between Rs. 100 and Rs. 5,000.
Q. What all documents I need to submit while applying for IndianOil Axis Bank Credit Card?
A. While applying for this credit card, you need to submit identity proof, address proof and income proof. For address proof, you can submit PAN Card, Aadhaar Card, Driver’s License, Passport, Voter’s ID or any other government-approved photo ID proof. For income proof, you are required to submit at least one or two salary slips, latest form 16 and last 3 months’ bank statement. Click here to view the detailed list.
