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Axis Bank IndianOil Credit Cards

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Welcome Benefits :- 

  • When a customer performs their first fuel transaction using their newly issued credit card within 30 days of issuance, they can earn up to 1250 EDGE REWARDS. This offer is valid only once and only within the first 30 days of receiving the card. Please note that this welcome benefit offer applies only to the Primary Card and not to add-on cards.

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Rewards & Benefits :- 

Movie & Dining

10% instant discount on movie ticket bookings on BookMyShow

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Rewards Rate

20 Reward Points per Rs. 100 on fuel transactions at IOCL stations, 5 Reward Points per Rs. 100 on online shopping and 1 EDGE Point per Rs. 100 on all other spends with the card

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Reward Redemption

Reward Points redeemable for shopping/travel vouchers and products (from the given product catalog) on Axis Bank EDGE Rewards Portal.

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Travel 

N/A

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Domestic Lounge Access

N/A

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International Lounge Access

N/A

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Fees & Charges :- 

Spend-Based Waiver

Renewal Fee Waived on Annual Spending of Rs. 3.5 Lakh

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Rewards Redemption Fee

Nil

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Foreign Currency Markup

3.5% + GST

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Interest Rates

3.6% per month (45% annually)

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Fuel Surcharge

1% of the transaction value which is waived off for transactions ranging from Rs. 400 to Rs. 5000

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Cash Advance Charges

Higher of 2.5% of the amount withdrawn or Rs. 500.

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Product Details :- 

  • 100% value up to 1,250 EDGE Reward Points on first fuel transactions made within 30 days of card issuance.

  • 20 Reward Points on every Rs 100 spent at IOCL petrol pumps.

  • 5 Reward Points on every Rs. 100 spent on online shopping.

  • 1 EDGE Point per Rs. 100 on all other spends with the card.

  • Instant discount of up to 10% on movie tickets on Book My Show.

  • Up to 15% discount up to Rs. 500 on dining bills at partner restaurants under the Axis Bank EazyDiner Program.

  • 1% fuel surcharge waived at all fuel stations across India.

  • Renewal fee waived off on annual spends of Rs. 3.5 lakh.

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Pros/Cons :-

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Pros

  • The card is best suited for transactions at petrol stations, offering excellent cashback on fuel, a daily necessity.

  • Get 10% off on movie tickets made with BookMyShow.

Cons

  • While this card is great for cashback on fuel transactions, it does not provide any travel benefits.

  • You won’t receive a significant welcome benefit, only 1,250 EDGE Reward Points (maximum).

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  • Joining Fee             Rs. 500 +GST

  • Renewal Fee           Rs. 500 +GST

  • Best Suited For       Fuel | Shopping

  • Reward Type           Reward Points

  • Welcome Benefits   100% cashback (up to Rs. 250) 1st Tnx....

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