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Axis Indian Oil Credit Card Benefits

Axis IndianOil Credit Card Benefits

In a world of rising fuel costs and the relentless siren song of wanderlust, the Axis Bank Indian Oil Credit Card comes as a welcome companion for savvy travelers and drivers alike. This co-branded credit card offers exceptional rewards and benefits tailored toward maximizing savings on fuel expenses while simultaneously catering to your travel aspirations.

Let's explore the features and benefits of this multifaceted card to see if it's the right ticket to unlock greater travel freedom and everyday value.

Let's dive deeper into the key benefits of the Axis Bank IndianOil Credit Card:

Core Fuel-Related Benefits

  • Accelerated Rewards: The shining star of this card is its 4% value back on fuel spends at IndianOil outlets. This translates to 20 reward points for every INR 100 spent. The maximum eligible transaction limit for these accelerated rewards is INR 5,000 per statement cycle.

  • Fuel Surcharge Waiver: Eliminate the 1% fuel surcharge on transactions between INR 200 and INR 5,000 per month, leading to direct savings. The maximum waiver is capped at INR 50 per statement cycle.

  • Welcome Bonus: New cardholders get a taste of the rewards with a 100% cashback of up to INR 250 on fuel transactions within the first 30 days of getting the card.

  • Milestone Benefits: Spending milestones, such as reaching INR 50,000 and INR 2 lakhs in a year, unlock extra reward points and fuel surcharge waivers for further savings.

Beyond Fuel: Rewards and Lifestyle Perks

  • Reward Points on Other Purchases: While the card emphasizes fuel, it rewards other spending as well. Online shopping gives you 1% cashback by earning 5 reward points per INR 100 spent, while all other everyday purchases earn 1 reward point per INR 100.

  • Redemption Options: Your accumulated reward points can be redeemed for more fuel, exciting merchandise, or even towards travel bookings with select partners.

  • Airport Lounge Access: Relax in comfort with complimentary airport lounge access at select domestic airports (generally once per quarter, depending on spending levels).

  • Dining Delights: Enjoy discounts at partner restaurants across India, adding value to your culinary adventures.

  • Movie Discounts: Save on those cinema nights with discounts on movie tickets through platforms like BookMyShow.

  • Annual Fee Waiver: The annual fee for the card is waived if you cross the spending threshold of INR 50,000 in a year.

Potential Drawbacks

While the Axis Bank IndianOil Credit Card has significant advantages for fuel-centric spenders, it's important to be aware of a few potential drawbacks that could affect its suitability for some individuals:

  • Limited Accelerated Rewards Cap: The accelerated 4% value back on fuel purchases has a transaction cap of INR 5,000 per statement cycle. This means higher fuel spends won't earn the same lucrative rewards rate.

  • Moderate Rewards for Other Spending: While you earn reward points on most spending categories, the rates are relatively moderate compared to cards focusing on general or travel rewards. This might make it less appealing if fuel isn't your primary expenditure.

  • Annual Fee: Even though the annual fee can be waived with sufficient spending, those with lower card usage might still find themselves paying the fee, diminishing the overall value.

  • Rewards Ecosystem: The true value of the reward points depends on Axis Bank's redemption catalog and partners. If its range of options for using those points isn't appealing to you, it lessens the card's benefits.

  • Partner Network Dependence: The effectiveness of features like free airport lounge access and dining discounts relies on the strength of their partner network. Limited coverage in your usual locations reduces the practical value of these benefits.


In conclusion, the Axis Bank IndianOil Credit Card emerges as a powerful tool for savvy consumers seeking to maximize their savings on fuel expenses while enjoying a host of additional benefits. With its unique blend of cashback rewards, fuel surcharge waivers, and exclusive discounts on fuel purchases at IndianOil outlets, this credit card offers unparalleled value for frequent drivers across India.

Moreover, the card's versatility extends beyond fuel savings, with rewards and benefits spanning categories such as dining, shopping, and travel. From complimentary airport lounge access to accelerated reward points on select transactions, cardholders have the opportunity to unlock a world of perks tailored to their lifestyle and preferences.

Beyond the tangible benefits, the Axis Bank IndianOil Credit Card exemplifies the bank's commitment to delivering innovative financial solutions that cater to the diverse needs of its customers. With seamless integration into the Axis Bank ecosystem and robust security features, cardholders can enjoy peace of mind knowing that their financial transactions are protected and their experience is streamlined.

Whether you're a frequent commuter looking to stretch your fuel budget or an individual seeking a versatile credit card packed with rewards, the Axis Bank IndianOil Credit Card stands out as a compelling choice. With its blend of practical benefits, exclusive privileges, and seamless user experience, this credit card is poised to enhance the financial journey of consumers across India, one fuel purchase at a time.

Axis Bank Credit Cards:

Axis Bank offers a wide range of credit cards tailored to suit the diverse needs and preferences of its customers. With a reputation for innovation, reliability, and customer-centricity, Axis Bank has established itself as a leading player in the Indian credit card market. From cashback cards to travel and lifestyle cards, Axis Bank's credit card portfolio caters to individuals across various income brackets and lifestyles. Here, we delve into the key features, benefits, and offerings of Axis Bank credit cards.



Comprehensive Rewards Programs

Axis Bank credit cards come equipped with robust rewards programs designed to maximize value for cardholders. Whether you're a frequent shopper, traveler, or diner, there's a rewards program to suit your spending habits. Cardholders earn reward points on every transaction, which can be redeemed for a variety of options including flight tickets, hotel stays, merchandise, vouchers, and more. With accelerated rewards on select categories and bonus points for milestone spends, Axis Bank ensures that cardholders are rewarded generously for their loyalty.


Exclusive Lifestyle Benefits

In addition to rewards, Axis Bank credit cards offer an array of exclusive lifestyle benefits to enhance the cardholder experience. From complimentary airport lounge access and concierge services to discounts on dining, shopping, entertainment, and wellness experiences, cardholders enjoy access to a world of privileges and perks. Axis Bank has partnerships with leading merchants and lifestyle brands, enabling cardholders to indulge in luxury experiences and enjoy special privileges across a wide range of categories.


Customized Solutions for Every Need

Axis Bank understands that one size does not fit all when it comes to credit cards. That's why they offer a diverse range of cards catering to different customer segments and preferences. Whether you're a frequent traveler looking for a travel credit card with exclusive benefits and rewards, a foodie seeking dining privileges and discounts, or a budget-conscious shopper looking for cashback rewards, Axis Bank has a credit card tailored to your needs. With options for both individuals and businesses, Axis Bank ensures that every customer finds a credit card that aligns with their lifestyle and financial goals.


Seamless Digital Experience

Axis Bank prioritizes customer convenience and offers a seamless digital experience for credit cardholders. From online application and instant approval to 24/7 customer support and mobile banking apps, Axis Bank leverages technology to simplify the credit card experience. Cardholders can manage their accounts, track transactions, pay bills, redeem rewards, and access exclusive offers conveniently from their smartphones or computers. With robust security features and fraud detection mechanisms in place, Axis Bank ensures that cardholders can use their credit cards with confidence and peace of mind.


Q: What are the key benefits of the Axis Bank IndianOil Credit Card?

Answer: The main benefits include accelerated rewards for fuel purchases at IndianOil outlets, a fuel surcharge waiver, a welcome bonus, reward points on other spending categories, and complimentary airport lounge access.

Q: How do I earn reward points with this card?

Answer: You earn 20 reward points (4% value back) for every INR 100 spent on fuel at IndianOil stations, 5 reward points per INR 100 on online purchases, and 1 reward point per INR 100 on all other eligible spends.

Q: Is there an annual fee for the Axis Bank IndianOil Credit Card?

Answer: Yes, there is an annual fee. For the first year its NIL, and second year onwards its INR 500.

Q: How can I redeem my accumulated reward points?

Answer: Reward points can be redeemed for fuel at IndianOil pumps, a selection of merchandise from a catalog, or towards travel bookings through certain partners.

Q: What is the fuel surcharge waiver benefit?

Answer: You get a waiver on the 1% fuel surcharge typically levied on transactions between INR 200 and INR 5,000 at IndianOil outlets, with a maximum waiver of INR 50 per statement cycle.

Q: How do I access the complimentary airport lounge benefit?

Answer: The card offers complimentary access to select domestic airport lounges. The exact number of visits and eligible lounges depends on your variant of the card and spending levels.

Q: Are there any milestone benefits associated with the card?

Answer: Yes, upon reaching specific annual spending thresholds, you can unlock additional fuel surcharge waivers and bonus reward points.

Q: What is the welcome bonus offered with this card?

Answer: New cardholders typically receive a welcome bonus in the form of cashback on fuel spends made within the first 30 days of getting the card. The specific amount may vary.

Q: How do I apply for the Axis Bank IndianOil Credit Card?

Answer: You can apply online through the Axis Bank website or directly at an Axis Bank branch.

Q: What are the eligibility requirements for this credit card?

Answer: Primary cardholders should be between the age of 18 and 70 years. The add-on cardholder should be over 15 years. The individual should either be a Resident of India or a Non-Resident Indian.

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