Axis Bank Indian Oil Rupay Credit Card
The Axis Bank Indian Oil Rupay Credit Card is a fuel credit card offered by Axis Bank in partnership with Indian Oil Corporation (IOCL). It's designed for people who spend a lot on fuel. This entry-level card has a small joining and annual fee of ₹500. It offers a high reward rate of 5% on fuel purchases at IOCL stations and 1% on online purchases.
Although it doesn’t have many extra perks, you get discounts on movie tickets, dining at partner restaurants, and a fuel surcharge waiver. However, the reward rate for offline spending (excluding fuel) is just 0.20%. If you’re considering this card, you might also want to compare it with similar options like the ICICI Bank HPCL Super Saver Credit Card and BPCL SBI Credit Card, which also have a ₹500 joining fee. Learn more about this affordable co-branded card from Axis Bank and IOCL.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Before applying for a credit card in India, consider the following factors:
- Eligibility Criteria: Check the age, income, credit score, and employment status requirements set by the bank or financial institution.
- Credit Score: A higher credit score increases your chances of approval and may result in better offers. Ensure your credit score is in good standing.
- Interest Rates and Fees: Compare annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction fees. These can vary significantly between cards.
- Rewards and Benefits: Look for cards that offer rewards, cashback, discounts, or other perks that align with your spending habits.
- Credit Limit: Make sure the credit limit offered is in line with your financial needs. Avoid over-borrowing, which can lead to high-interest charges.
- Repayment Terms: Understand the repayment options, minimum payment amount, and due dates. Consider how easily you can manage timely payments to avoid interest accumulation.
- Card Type and Features: Choose a card type (e.g., standard, premium, travel, etc.) based on your requirements. Some cards offer more benefits for specific categories like travel, shopping, or dining.
- Bank’s Reputation: Opt for a bank with a good track record of customer service and transparency. Read reviews and consider their customer support accessibility.
- Hidden Charges: Be aware of any hidden fees, such as annual fees, balance transfer charges, and cash withdrawal fees.
- Credit Utilization: Ensure you can manage your spending within the credit limit to maintain a healthy credit utilization ratio, which impacts your credit score.
- Long-Term Financial Plans: Think about how the credit card will fit into your long-term financial goals and avoid accumulating unnecessary debt.
Axis Bank Indian Oil Rupay Credit Card – Features, Benefits, and Review
The Axis Bank Indian Oil Rupay Credit Card is designed for people who want to save on everyday fuel expenses and earn rewards on daily spending. It’s a smart option for frequent drivers and online shoppers, offering a mix of fuel rewards, lifestyle benefits, and easy redemption options. Let’s explore all the important details about this card.
Reward Benefits
The Axis Bank Indian Oil Rupay Credit Card offers attractive rewards on fuel, online shopping, and other categories. You can earn 20 EDGE Reward Points for every ₹100 spent on fuel at IndianOil outlets across India. This benefit applies to transactions between ₹400 and ₹4,000, making it perfect for regular fuel users.
For online purchases, you get 5 EDGE Points for every ₹100 spent on transactions between ₹100 and ₹5,000. For all other purchases, you can earn 1 EDGE Point per ₹100 spent, except on rent, wallet loads, insurance, education, government services, gold, and utility payments.
All the points you earn can be redeemed on the Axis Bank EDGE Rewards Portal, where you can choose from a wide range of shopping vouchers, travel deals, and products.
Welcome Benefits
As a new cardholder, you can enjoy a valuable welcome offer. When you make your first fuel purchase within 30 days of receiving your card, you can earn up to 1,250 EDGE Reward Points. This offer is available only once and applies to the primary cardholder only. It’s a good way to start earning rewards right after you receive your card.
Dining and Entertainment Offers
The card not only helps you save on fuel but also gives you exciting lifestyle benefits. You can enjoy a 10% instant discount on movie tickets booked through BookMyShow.
If you love dining out, you can save up to 15% (up to ₹500) at selected partner restaurants through the Axis Bank EazyDiner Program. These benefits make your weekends and outings more affordable and enjoyable.
How to Apply for Axis Bank Indian Oil Rupay Credit Card
Applying for this credit card is very simple and can be done both online and offline.
To apply online:
- Visit the official Axis Bank website.
- Click on the Apply Now button.
- Fill in your personal and contact details.
- Submit the application form and follow the instructions to complete the verification process.
To apply offline:
Visit the nearest Axis Bank branch, fill out the physical application form, and submit the required documents for processing.
Eligibility Criteria
Before applying for the Axis Bank Indian Oil Rupay Credit Card, check the following eligibility conditions:
- The applicant must be an Indian resident or NRI.
- The primary cardholder should be between 18 and 70 years of age.
- Add-on cardholders must be at least 15 years old.
Meeting these basic requirements increases your chances of quick approval.
Annual Fee and Renewal Benefits
The Axis Bank Indian Oil Rupay Credit Card has a joining and annual fee of ₹500 plus GST. However, you can get the renewal fee waived if your annual spending exceeds ₹3.5 lakh in the previous year. This feature allows you to enjoy all the benefits at no extra cost if you use your card regularly.
Why Choose Axis Bank Indian Oil Rupay Credit Card
This credit card is ideal for anyone who refuels frequently and prefers earning rewards instead of cashback. The 4% reward rate on fuel and bonus points on online shopping make it a high-value card for daily use.
In addition to the rewards, the welcome benefits, movie and dining discounts, and easy online application process make it a good fit for both beginners and regular credit card users.
The card combines usefulness and affordability, helping you save on both fuel and lifestyle expenses without paying a high annual fee.
Axis Bank Indian Oil Rupay Credit Card Review
The Axis Bank Indian Oil Rupay Credit Card offers great overall value for people who spend regularly on fuel and online shopping. It rewards you every time you refuel at IndianOil outlets and lets you redeem points for travel, shopping, or lifestyle rewards.
Although it doesn’t come with premium features like airport lounge access or international benefits, it delivers exactly what it promises, solid savings on everyday spending.
If you are looking for an easy-to-manage credit card that helps you save on fuel and earn rewards on daily expenses, the Axis Bank Indian Oil Rupay Credit Card is a practical choice. It’s simple, rewarding, and perfect for those who want maximum value from their everyday purchases.
What is the credit limit on the RuPay Credit Cards of Axis Bank?
The credit limit depends on your credit history. The bank decides it when you apply for the card.
Can I link my Axis Bank Indian Oil Rupay Credit Card to a mobile wallet?
You can add your Axis Bank card to a mobile wallet if the wallet supports Axis Bank cards.
Where can I use the EDGE Reward Points on my Axis Bank Indian Oil Rupay Credit Card?
You can use the EDGE Reward Points on the Axis Bank EDGE Rewards Portal to shop for vouchers or products.
How do I pay my credit card bill using UPI with the Fibe Axis Bank Credit Card?
Open your UPI app, select "Pay to UPI ID," enter the UPI ID, confirm the name, and enter the amount. Then, complete the payment by entering your UPI PIN.
Do I get cashback on movie ticket bookings on BookMyShow?
No, there’s no cashback, but you get an instant 10% discount on movie tickets on BookMyShow.
What fuel benefits do I get with the IndianOil Axis Bank Credit Card?
You get 20X Reward Points on fuel purchases at IOCL stations and a 1% discount on fuel charges.
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