IndianOil Axis Bank Credit Card: The IndianOil Axis Bank Credit Card, a co-branded in partnership with Indian Oil Corporation Limited i.e., IOCL and Axis Bank, issued by Axis bank for the people who are looking for a credit card to save on their fuel expenses. The card is best suited to the people who are frequent traveller via road i.e., great saving opportunities on fuel.
This credit card is an entry-level credit card, but is card offers many other benefits to its customer such as cashback as welcome benefit and discount on BookMyShow and also can reward points on Indian Oil outlets and online shopping. You also get, discount rates at partner restaurants under the bank’s Dining Deleghts Program.
Therefore, here in this article we are going to see the features and benefits in details for the IndianOil Axis Bank Credit Card and eligibility to apply for the same.
Contents
1. IndianOil Axis Bank Credit Card Features and Benefits
The IndianOil Axis Bank Credit Card comes with a decent rewards and several other benefits across different categories other than fuel.
Here we have mentioned the features and benefits offered by the IndianOil Axis Bank Credit Card:
- Welcome Benefits: As a welcome benefit, you get 100% cashback i.e., up to Rs. 250 on fuel transactions made within 30 days of card issuance.
- Dining Benefits: On dining bills at partner restaurants under the Axis Bank EazyDiner Program, get upto 15% off up to Rs. 500.
- Movie Benefits: On booking movie tickets on BookMyShow, get Instant 10% discount.
- Fuel Surcharge Waiver: On your fuel transactions (Max. of Rs. 50 per statement cycle), cardholders will get a fuel surcharge waiver of 1%, at fuel pumps all over India between between Rs. 200 and Rs. 5,000. You don’t earn any cashback on fuel purchases.
- Reward points: On online shopping for transactions between Rs. 100 and Rs. 5,000, get 5 EDGE Points per Rs. 100 spent and on fuel purchases at all IOCL stations across India, get 20 EDGE Points per Rs. 100 spent and also, on all other spends with the card, get 1 EDGE Point per Rs. 100.
Check, Axis Bank Reserve Credit Card
2. IndianOil Axis Bank Credit Card Fees and Charges:
- The joining fee charges are- Rs. 500
- The Annual fee or Renewal fee charges are- Rs. 500 (Waived off on spending Rs. 50,000 in a year)
- The Cash withdrawal fee, is 3.4% of the amount or min. Rs. 500 withdrawn.
- On all the Foreign currency transaction, you have to pay forex fee of 3.5% on the transacted amount. This fee is to be paid on all international transactions done using this credit card.
- An interest rate of 3.4% per month (49.36% annually) is applicable on the due amount on the card if the cardholder is unable to clear all the dues by the payment due date.
- Late Payment Charges are- apart from the interest rate, a late payment fee shall also be applicable, For Statement Balance: Less than Rs. 500: Nil, From Rs. 501 to Rs. 5,000: Rs. 500, From Rs. 5,001 to Rs. 10,000: Rs. 750, and Greater than Rs. 10,000: Rs. 1,200.
3. IndianOil Axis Bank Credit Card Eligibility Criteria to Apply:
The common eligibility criteria and the documents required to apply for IndianOil Axis Bank Credit Card are as follows:
- The age limit for applying for this card is 18-70 years of age.
- The cardholder should be an Indian resident or an NRI.
- The cardholder should be either through salary or self-employment with source of income.
- For Identity Proof documents you need are Aadhar Card, Voters Id, PAN Card, Passport, Driving License.
- For Address Proof, Utility bills of the latest months, Aadhar Card, Passport, and Ration card are the needed documents.
- For Income Proof, you need to submit the latest bank statement as a salaried person, and can also, submit your company ID card, if you are salaried, and if you are self-employed, you should submit your latest ITR.
4. How to Apply for IndianOil Axis Bank Credit Card:
For IndianOil Axis Bank credit card you can apply either online or offline. For offline mode, you can visit your nearest Axis Bank branch with all the required documents and fill out the physical application form.
Here are the steps to be followed to apply for your IndianOil Axis Bank credit card:
- Step 1: Visit Official website of the Axis Bank- www.axisbank.com.
- Step 2: Go to ‘Explore Products’ and click on ‘Cards’.
- Step 3: Then, Select ‘credit card’ option.
- Step 3: Next, choose the ‘IndianOil Axis Bank Credit Card’, and click on ‘Apply Now’.
- Step 4: Enter all the requested details and providing the required documents and ‘submit’ it.
This the way in which you can apply for IndianOil Axis Bank credit card online.
Also Check, Axis Bank Magnus Credit Card
And, Axis Bank Neo Credit Card
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