इंडियनऑयल एक्सिस बैंक क्रेडिट कार्ड
जारीकर्ता बैंक / संस्था: Axis Bank Ltd.
Co-branded fuel card offering 4% value back as EDGE points at IndianOil petrol pumps, 1% surcharge waiver, and ₹50,000 spend-based fee waiver.
💳कार्ड विवरण एवं मुख्य लाभ (Card Overview & Benefits)
कार्ड का संक्षिप्त विवरण
IndianOil Axis Bank Credit Card is a fuel savings card tailored for two-wheeler commuters and daily drivers who refuel at IndianOil (IOCL) pumps. It delivers 4% value back in EDGE Reward Points on fuel refills, a 1% fuel surcharge waiver, and an accessible ₹50,000 spend-based fee waiver.
100% cashback up to ₹250 on first fuel transaction at any IndianOil petrol pump within 30 days of card issuance.
No complimentary airport lounge access is included on this fuel starter card.
1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at all IndianOil fuel stations across India.
Annual fee reversal on ₹50,000 annual spend. RuPay variant enables seamless UPI scan-and-pay at merchant petrol pumps.
📋पात्रता मानदंड एवं नियम (Eligibility & Requirements)
पात्रता की शर्तें
Salaried Indian individuals aged 18 to 70 with monthly salary exceeding ₹15,000. Self-employed individuals aged 18 to 70 with annual ITR exceeding ₹3,60,000.
न्यूनतम वार्षिक आय आवश्यकता
₹15,000/month (Salaried) / ₹3,60,000/year ITR (Self-Employed)
📂आवश्यक दस्तावेज (Required Documents)
1. PAN Card (statutory requirement) 2. Proof of Identity & Residence: Aadhaar Card, Passport, or Voter ID 3. Proof of Income: Last 3 months' salary slips with bank statement OR Latest ITR with Computation Sheet 4. Passport-size photograph.
⚠️क्या कमी है / महत्वपूर्ण शुल्क चेतावनियां (Honest MITC Disclosures & Hidden Costs)
Accelerated fuel points are capped at 1,000 EDGE points per month (maximum spend ₹5,000/mo). Must be swiped on Axis Bank merchant POS terminals at IOCL pumps. No airport lounge access.
🚀आवेदन के चरण (How to Apply)
Step 1: Visit axisbank.com/cards or open Axis Mobile app. Step 2: Enter PAN and mobile number for instant eligibility check. Step 3: Select IndianOil Axis Bank Credit Card (choose RuPay variant for UPI payments). Step 4: Enter employer details and monthly salary. Step 5: Complete online Video KYC session with bank official. Step 6: Card is approved and dispatched via courier within 3 to 5 business days.
❓अक्सर पूछे जाने वाले प्रश्न (FAQs)
What happens if I miss the minimum payment due on IndianOil Axis Bank Credit Card?
If you do not pay at least the Minimum Amount Due (MAD) on or before the due date, late payment penalties will be charged according to the issuer's tariff: Nil for outstanding up to ₹500; ₹500 for ₹501–₹5,000; ₹750 for ₹5,001–₹10,000; ₹1,200 for outstanding above ₹10,000 (+ GST).. In addition, revolving finance charges at 3.60% per month (43.20% per annum) on revolving balances. will be calculated from the original transaction dates on all outstanding balances and fresh purchases. You will lose the interest-free grace window, and the overdue record will be transmitted to credit bureaus (CIBIL, Experian, CRIF High Mark), adversely impacting your credit score.
Can I convert transactions on IndianOil Axis Bank Credit Card into EMI?
Yes, Axis Bank Ltd. provides merchant EMI and post-purchase in-app EMI conversion options for eligible transactions (typically above ₹1,500 to ₹2,500). Cardholders can configure repayment schedules from 3 to 24 months via the bank's mobile application, net banking dashboard, or SMS prompt. Conversion is subject to a nominal one-time processing fee (usually 1% to 2% + 18% GST) and tenure-based interest charges.
How do I track and redeem reward points or cashback on IndianOil Axis Bank Credit Card?
You can monitor accrued reward points or cashback by accessing your monthly e-statements or logging into Axis Bank Ltd.'s official mobile banking application or web portal. 1 EDGE Reward Point = ₹0.20 against merchandise or fuel vouchers. Please note: EDGE Reward Points expire 3 years (36 months) from the date of accrual.
What is the interest-free grace period on IndianOil Axis Bank Credit Card and how does it work?
The interest-free period on IndianOil Axis Bank Credit Card is Up to 50 days of interest-free credit from transaction date.. This benefit is applicable strictly when the full Total Amount Due from the previous billing cycle was cleared by the payment due date. If any residual balance is carried forward, all purchases immediately incur daily finance charges (3.60% per month (43.20% per annum) on revolving balances.) with zero grace period. ATM cash withdrawals never receive a grace period and incur interest and cash advance fees from the withdrawal timestamp.