Everything to Know About the Axis Bank IndianOil Credit Card

The Axis Bank IndianOil credit card is a co-branded card designed for individuals who regularly spend on fuel transactions at IndianOil outlets. This credit card provides attractive rewards, cashback benefits and additional savings on fuel-related expenses. Read on to know more about it.

Axis Bank IndianOil Credit Card Benefits 

1. Value Back Perks

Get 4% value back on fuel transactions by earning 20 reward points for every ₹100 spent at the fuel outlets of IOCL across India. However, there are a few terms and conditions associated with it:

• To get the 4% value back, the settlement amount should be between ₹400 and ₹4,000. 
• The maximum eligible spend for every calendar month is ₹5,000.
• Fuel surcharge is subject to 18% GST applicability. 

2. Fuel Surcharge Waiver 

The Axis Bank IndianOil credit card grants you a 1% fuel surcharge waiver. The following terms and conditions are applicable:

• To avail this offer, you need to transact at any IOCL outlet. 
• The settlement amount needs to be between ₹400 and ₹4,000.
• A maximum waiver of ₹50 is allowed per statement cycle. 
• This offer is applicable only for the fuel MCC category.

EDGE Rewards Program of Axis Bank IndianOil Credit Card

• You can get up to 1,250 EDGE reward points on your first fuel transactions with your IndianOil Axis Bank credit card within the first 30 days post-card issuance. 
• Get 1 EDGE Reward point on every ₹100 spent with this credit card to redeem your points. Make sure to check the EDGE loyalty rewards catalogue to be able to maximise your value.

Note: Certain spend categories are not eligible for earning EDGE Rewards, including education, government institutions, utilities, rent, wallets, jewellery or gold and insurance.

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Other Benefits of the Axis Bank IndianOil Card

Here are a few other Axis Bank IndianOil credit card benefits:

• Get a 1% value back on online shopping spends by earning 5 reward points for every ₹100 spent. To get this offer, you need to transact between ₹100 and ₹5,000. The maximum eligible spend every month is  ₹5,000.
• You can avail a spend-based waiver in a card anniversary year. To be eligible, you have to cross the minimum spend of ₹3,50,000 to get an annual fee waiver. Do note that wallet load transactions and rent transactions will not be considered for a waiver. 
• Get 15% off up to ₹500 on Eazy Diner when you transact with your Axis Bank IndianOil credit card.
• Get offers every Wednesday as a part of the 'Wednesday Delight' program. You can get an instant savings of 15% on hotel and flight bookings via MakeMyTrip and Goibibo, 10% off on Swiggy orders and 10% off (up to ₹1,000 on Tira).

Fees and Charges of the Axis Bank IndianOil Credit Card

Eligibility Criteria of the Axis Bank IndianOil Credit Card

• The primary cardholder should be between 18 and 70 years of age.
• Any add-on cardholder should be over 15 years of age.

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Required Documents for Axis Bank IndianOil Card

You will need the following documents during the application:

• Identity Proof: Aadhaar Card, PAN Card, Voter ID
• Address Proof: Passport, Utility Bill (electricity, water, gas), Rental Agreement
• Income Proof: Latest 3 months’ salary slips (salaried), ITR or audited financials (self-employed), bank statements

Who Can Benefit the Most from Axis Bank IndianOil Credit Card?

1. Daily Commuters: If you ride a bike or car daily for office travel, the 4% value back on IOCL fuel can help you save a significant amount monthly.
2. Highway Travellers: Individuals who travel frequently between cities and refuel at IOCL pumps can maximise savings.
3. Budget-Conscious Spenders: If you want a low-fee card with guaranteed monthly savings and value-back benefits, this card fits well.

💡For your bill payments and tracking business transactions, use the PICE App.

Conclusion

The Axis Bank IndianOil Credit Card is ideal for frequent fuel spenders seeking steady savings. With value-back on IOCL fuel, surcharge waivers, EDGE Rewards and lifestyle offers, the Axis Bank IndianOil credit card combines affordability, convenience and everyday benefits for commuters and budget-focused users.

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