Axis Bank

Axis Bank Indian Oil Credit Card

Axis Bank Indian Oil Credit Card 2021: Want to save fuel surcharge while every time refueling? Apply indian oil card with Roopya today.

Written by Roopya

Check Pre-Approved Credit Cards
for you in Just One Click

Digits Only

Axis Bank recently launched a Credit Card in collaboration with Indian Oil Corporation Limited. It is called Axis Bank Indian Oil Credit Card. This will help you gain several advantages, especially on fuel surcharge waiver. You get various reward points on your fuel spends with various instant discounts.

Axis bank indian oil credit card banner

To know more about the different advantages of the Axis Bank Credit Card read below.

 Highlights of Axis Bank Indian Oil Credit Card 

Welcome BenefitsCashback of Rs.250 on fuel refill
Shopping Cashback1% cashback on online shopping
Fuel Surcharge Waiver1% surcharge waiver on min. transaction of rs.200
Joining FeeRs. 500
Annual FeeRs. 500 (waived off if spends more than Rs.50,000)
Add-on Card FeeNil
Reward Points1 EDGE reward point on every Rs. 100 spent
Dining BenefitsUp to 20% discount on partner restaurants

Want to compare with other credit cards?  Visit: Compare Credit Cards page.

In this article, the following points are included:

  1. Features of Axis Bank Indian Oil Credit Card
  2. Various Benefits
  3. Exciting Offers
  4. Eligibility Criteria
  5. Documents Required
  6. Fees & Charges
  7. FAQs

Features of Axis Bank Indian Oil Credit Card

Reward Points

There are various reward points that you can gain by using Indian Oil Axis Bank Credit. Here are the types of reward points you can enjoy-

  • You get 20X edge reward points for any fuel purchase at the petrol pumps of Indian Oil Corporation. the maximum limit for one month is 1000 points.
  • With this card, you can also do online shopping and offline shopping with accelerated reward points.
  • You get 1 reward point for every Rs. 100 purchase with a rate of 0.20%.

Welcome Benefit

With the Indian Oil Credit Card by you get instant 100% cashback up to Rs. 250 on fuel transactions as a welcome benefit. If you make a purchase within the first 30 days of card issuance then you are eligible for this feature.

Benefits of Axis Bank Indian Oil Credit Card

There are various benefits that you can get by applying for the Axis Bank Indian Oil Credit Card. From fuel transactions to shopping benefits, there are lots of advantages that you can enjoy with this Credit card. To know more reads the below information-

Benefits for Fuel Purchases

It is one of the major advantages that you get with  Axis Bank Indian Oil Credit Card. If you make any fuel purchase at any fuel outlet of IOL Corporation all over the country. Here are the other benefits that you get in this category-

  • You get a fuel surcharge of 1% if you make any transaction ranging from Rs. 200 to Rs. 500 in a month. Hence, you can control your fuel expenses using the card at every IOCL fuel outlet.
  • The minimum amount limit reward point for fuel surcharge waiver is Rs. 100 and the maximum fuel purchase amount is Rs. 5000 on fuel transaction on Axis Bank Credit Card.
  • You will receive the cashback within around 30 days from the date you make the transaction.

Entertainment Features

Along with a fuel surcharge waiver, you also get several options for entertainment with big discounts on your movie ticket purchases.

  • To avail of this advantage, you can book your movies by applying the “offer” option during payment by Indian Oil Axis Bank Credit Card.
  • You should get your movie tickets booked with the BookMyShow website or application to enjoy this offer.

Shopping Advantages

With IndianOil Axis Bank Credit Card, you can also get these various offers for your shopping-

  • You get up to 5 reward points with the credit card if you spend Rs. 100.
  • Also, you get about 11 value back with any shopping purchase with an Axis bank credit card.
  • To enjoy this benefit, the minimum purchase amount should be between Rs. 100 to Rs. 5000.

Dining Offers

The customers of Axis Bank Credit Card enjoy various gains with the dining delights program with a huge discount.

  • You can use the IndianOil Credit Card by Axis Bank to enjoy the dining benefits partner restaurants throughout the country.
  • With the dining delights, you get an instant discount of 20% at various restaurants for dining with the Axis Bank Credit Card.

Convert Reward Points into EMIs

If you make fuel transactions or any other purchase using the IndianOil Axis Bank Credit card, then you can also convert your reward points into EMIs.

  • The process is very easy. You get various advantages with the Finserv MARKETS. From there you can get e-vouchers, fuel surcharge waivers, and many more. Most importantly, your rewards in EMIs as well.

Security Against Cyber Threats

The IndianOil Credit Card is the best card by Axis bank which also offers security cyber threats. It saves you from any cyber crimes and frauds in the future.

Milestone Benefits

By using the IndianOil Axis Bank Credit Card you also receive milestone benefits yearly. It means that if you spend Rs. 50,000 using the Axis Bank Credit Card, then you will enjoy an annual fee waiver for the next following year.

Exciting Offers By Axis Bank Indian Oil Credit Card

Along with the above-mentioned features and benefits that you get with the IndianOil Axis Bank Credit Card. To know more about the exciting offers, read below-

  • You get an instant discount of a flat 30% for hotel bookings with the OYO mobile app or web.
  • With the card, you get a 5% discount for booking domestic flights across the country through Goibibo.
  • Get an amazing discount of around Rs. 1500 on Zoomcar booking.
  • You also enjoy a benefit of 25% for the first-time order on PharmEasy app for medicines and other health utilities.
  • The IndianOil Axis Bank Credit Card gives you an offer of 30% for hotel room bookings at Fab Hotels.
  • You also receive a 10% cashback on reservations with Booking.com.

Eligibility Criteria To Apply for IndianOil Axis Bank Credit Card

These are the following eligibility criteria that you need to have if you want to apply for IndianOil Axis Bank Credit-


the person applying for IndianOil Axis Bank Credit Card should be 18 years of age or above. the maximum limit for the age of the cardholder is 70 years.


The primary applicant should have the citizenship of India. If they are NRI, then can also apply.

Add-On Member

if you want to make a member of your family an add-on cardholder of IndianOil Axis Bank Credit Card, then the person should be at least 15 years of age.


  • It is also important to know about the salary range to apply for the IndianOil Axis Bank Credit Card.
  • For salaried individuals, you should have a salary account with a monthly income of Rs. 25000 with other banks. Otherwise, if you have a salary account with Axis Bank, then your salary should be Rs. 15000.
  • If you are self-employed, then you can also avail this card, your monthly income should be more than 50000. Or else, you can produce proof of your annual Income Tax Return with more than Rs. 6 lakhs.

Documents Required for IndianOil Axis Bank Credit Card

Now you know about the eligibility criteria that you need to have to get IndianOil Axis Bank Card. After that, you should also know about the important documents required for the application process

Identity Proof
  • Voter ID Card
  • Adhaar Card
  • Driving License
Address Proof
  • Passport
  • Adhaar Card
  • Ration Card
  • Voter ID Card
  • Electricity Bill
Income Proof
  • Income Tax Return Photocopy of the past 3 months.
  • Salary Slip
  • Form 16

Charges and Fees of Axis Bank Indian Oil Credit Card

There are different ranges of charges and fees that you need to pay after getting the Axis Bank Indian Oil Credit Card. The charges have been listed below-

Joining Fee

The Joining fee is the amount that you need to pay for joining with the bank. You have to pay Rs. 500 for your joining fee.

Annual Fee

If your annual spending reaches more than Rs. 50000. then you get an annual fee waiver for the next following year.

Charges for Finance

The bank Charges 3.4% as finance charges for your annual spending.

Cash payment

If you opt to pay your bills with cash, then you will be charged Rs. 100.

Cash Withdrawal

The minimum amount you can withdraw using the IndianOil Credit is Rs. 500. The charge for cash withdrawal is 3.4% on your amount.

Fine for Overlimit

The charges are 3% as an over-limit fine on your exceeding amount. The minimum over-limit amount is Rs. 500.

Dishonour Fee

If any payment or cheque returns, then you have to pay a fine of about 3% of your amount. The minimum amount for dishonor charges is Rs. 500.

Late Payment Fine

If your payment is due up to Rs. 101 to Rs. 300, then you have to pay Rs. 100. If the remaining amount is Rs. 301 to Rs. 1000, the late payment fine is Rs. 300. The late payment charges will be Rs. 500 if the payment amount is between Rs. 1001 to Rs. 5000.

The late fine will be Rs. 600 if the amount is due between Rs. 5001 and Rs. 10,00. You will be fined Rs. 700 if the due amount is above Rs. 10001.

Foreign Transaction Fee

You will be charged 3.5% as foreign transaction charges. The minimum fee is Rs. 450.

GST Charges

You will be charged according to the updated government rules by the government.

Frequently Asked Questions

What are the benefits of IndianOil Axis Bank Credit?

There are various benefits which you can get Credit Cards. The IndianOil Credit offers numerous benefits such as accelerated reward points, discounts on fuel expenses, discounts on online spending, edge rewards, and many more.

For official details, visit this page.

Which Credit card is best for fuel in India?

The Axis Bank Indian Oil Credit Card is among the best credit cards for fuel in India. It gives you accelerated reward points, instant discount purchase movie tickets, and many more welcome benefits.

What do you mean by fuel surcharge waiver?

When you make do any fuel spends using the IndianOil Credit, the 1% waiver on your fuel expenses. Also, you get reward points on every fuel transaction performed. The minimum fuel expenses should be Rs. 200 and the maximum limit is Rs. 5000, to enjoy this feature.

How to apply for Axis Bank Indian Oil Credit Card?

To apply for an Axis Bank Indian Oil Credit card, visit apply credit card.

Credit Card

IDFC FIRST Private Credit Card

Metal with a heart of Gold Celebrating the altruist in you with

October 7, 2022
Credit Card

IDFC Introducing FIRST WOW Credit Card

Ultimate convenience and comfort with a lifetime-free premium Credit

October 7, 2022
Credit Card

IDFC FIRST Select Credit Card

Experience what a premium card can really do. Enjoy a superior

October 7, 2022