This article provides a concise overview of the prominent features, eligibility prerequisites, and the application procedure for Axis Bank’s IndianOil Axis Bank Credit Card.
Features of Axis Bank – IndianOil Axis Bank Credit Card:
Main features:
- Welcome Benefit: Earn 100% Cashback on Fuel
- Get 100% cashback up to INR 250 on your first fuel transaction within 30 days of receiving your card.
- Accelerated Reward Points at IOCL Fuel Outlets
- Earn 4% value back on fuel transactions with 20 reward points per INR 100 spent at any IOCL fuel outlet in India.
- Eligible on transactions between INR 100 and INR 5000 per month at IOCL fuel outlets. Maximum eligible spends per statement month: INR 5000.
- Accelerated Reward Points for Online Shopping
- Gain 1% value back on online shopping with 5 reward points per INR 100 spent.
- Valid for transactions between Rs. 100 and Rs. 5000 at online merchants.
- Maximum eligible spends per statement month: INR 5000.
- Fuel Surcharge Waiver
- Avail yourself of a 1% fuel surcharge waiver
- Applicable on fuel spends in India at any fuel outlet between INR 200 and INR 5000.
- Maximum waiver: INR 50 per statement cycle.
- GST charged on fuel surcharge is non-refundable.
Additional Features:
- Spend-Based Annual Fee Waiver
- Spend over INR 50,000 in a year to qualify for an annual fee waiver.
- Rent transactions (MCC 6513) and wallet load transactions (MCC 6540) are not considered for the annual fee waiver.
- The waiver doesn’t apply to EMI transactions, cash withdrawals, fees, charges, GST, insurance spends, temporary credits, or reversals for disputed transactions.
- Instant Discount on BookMyShow
- Enjoy an instant discount of up to 10% on movie tickets booked via the BookMyShow app or website.
- Activate the applicable offer from the BookMyShow website or app’s offers section.
- Earn EDGE REWARD Loyalty Points
- Earn 1 EDGE REWARD point for every INR 100 spent using your credit card.
- Dining Delights
- Savor delightful cuisines with Axis Bank Dining Delights, offering up to 15% off at partner restaurants in India through EazyDiner.
- Offer Details: 15% discount up to Rs. 500
- Minimum Order Value: Rs. 2500
- Valid once per card per month, with maximum benefits up to Rs. 500.
Card Category: Reward + Cashback
Eligibility for Axis Bank – IndianOil Axis Bank Credit Card:
To discover if you qualify for this exceptional credit card, explore the eligibility criteria designed for both salaried individuals and self-employed professionals below.
For Salaried:
- The primary cardholder’s age range is between 18 and 70 years.
- Add-on cardholders must be above 15 years of age.
- Applicants should either be Indian residents or Non-Resident Indians (NRIs).
- Please note that these conditions serve as guidelines, and the bank holds the final authority to approve or reject applications for the IndianOil Axis Bank Credit Card.
For Self-employed:
- The primary cardholder’s age range is between 18 and 70 years.
- Add-on cardholders must be above 15 years of age.
- Applicants should either be Indian residents or Non-Resident Indians (NRIs).
- Please note that these conditions serve as guidelines, and the bank holds the final authority to approve or reject applications for the IndianOil Axis Bank Credit Card.
Fees for Axis Bank – IndianOil Axis Bank Credit Card:
- Joining Fee: Rs. 500
- Annual Fee:
- First Year: Nil
- From Second Year Onwards: Rs. 500
- Add-on Card Joining Fee: Nil
- Add-on Card Annual Fee: Nil
- Card Replacement Fee: Nil
- Cash Payment Fee: Rs. 100
- Duplicate Statement Fee: Waived
- Charge Slip Retrieval Fee or Copy Request Fee: Waived
- Outstation Cheque Fee: Waived
- Mobile Alerts for Transactions: Free
- Hotlisting Charges: Nil
- Balance Enquiry Charges: Waived
- Finance Charges (Retail Purchases and Cash): 3.6% per month (52.86% per annum)
- Cash Withdrawal Fees: 2.5% (Min. Rs. 500) of the cash amount
- Overdue Penalty or Late Payment Fees:
- Nil if Total Payment Due is less than Rs. 500
- Rs. 500 if total payment due is between Rs. 501 – Rs. 5,000
- Rs. 750 if total payment due is between Rs. 5,001 – Rs. 10,000
- Rs. 1200 if total payment due is greater than Rs. 10,000
- Over Limit Penalty: 2.5% of the over-limit amount (Min. Rs. 500)
- Cheque Return or Dishonour Fee or Auto-Debit Reversal: 2% of the payment amount, subject to Min. Rs. 450, Max. Rs. 1,500
- Surcharge on Purchase or Cancellation of Railway Tickets: As prescribed by IRCTC/Indian Railways
- Foreign Currency Transaction Fee: 3.5% of the transaction value
- GST: As per existing government norms
- Reward Redemption Fee: Applicable
- Rent Transaction Fee: 1% capped at INR 1,500 per transaction plus taxes will be applicable on each rental transaction done on Axis Bank Credit Cards. GST will be applicable as notified by the Government of India.
- Dynamic Currency Conversion Markup: 1% plus taxes will be applicable on Axis Bank Credit Cards for each International transaction performed in Indian currency at an international location or transactions performed in Indian currency with merchants located in India but registered in a foreign nation.
How to apply?
Click here to apply for the Axis Bank’s IndianOil Axis Bank Credit Card.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank.