Key Highlights of Axis Bank IndianOil Credit Card

Axis Bank My Zone Credit Card
Best Suited for  Fuel
Joining Fee Rs. 500
Annual Fee Rs. 500 (Waived off on spending Rs. 50,000 in a year)
Welcome Benefits 100% cashback (Up to Rs. 250) on your fuel transactions in the first 30 days of card issuance
Best Feature 4% value back on your fuel spends at IndianOil outlets
The Money Fair Rating ★★★(3/5)

Axis Bank IndianOil Credit Card is a co-branded credit card by Axis Bank and Indian Oil Corporation. This card offers a range of exclusive benefits such as fuel surcharge waiver, cashback offers, rewards points, discounts, and exclusive offers.

Fuel Surcharge Waiver:

This card offers a 1% fuel surcharge waiver on all fuel purchases made at Indian Oil outlets. This waiver is applicable up to a maximum of Rs. 150 per statement cycle.

Cashback Offers:

This card also offers 5% cashback on all fuel purchases made at Indian Oil outlets. The maximum cashback amount is capped at Rs. 500 per statement cycle.

Rewards Points:

This card Axis Bank IndianOil Credit Card holders can also earn rewards points on all fuel purchases made at Indian Oil outlets. The reward points can be redeemed for a variety of products and services.

Discounts:

This card also offers discounts on all fuel purchases made at Indian Oil outlets. The discount is applicable up to a maximum of Rs. 100 per statement cycle.

Exclusive Offers:

Axis Bank IndianOil Credit Card holders can also avail exclusive offers such as movie ticket discounts, discounts on dining and shopping, and discounts on hotel stays.

Credit Card Ho Toh Aisa!

It’s not just a credit card, it’s a rewards card!

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Axis Bank IndianOil Credit Card: Fees & Charges

The fees and charges applicable to Axis Bank IndianOil Credit Card are mentioned below:

Type of Fee/ Charge Amount

Joining Fee

Rs. 500

Annual/ Renewal Fee

Rs. 500 (Waived off on spending Rs. 50,000 in a year)

Finance Charges

3.4% p.m. (49.36% p.a.)

Late Payment Fee

  • Less than Rs. 500 Nil
  • From Rs. 501 to Rs. 5,000: Rs. 500
  • From Rs. 5,001 to Rs. 10,000: Rs. 750
  • Greater than Rs. 10,000: Rs. 1,200

It depends on your needs. Consider the card's perks and features, including rewards, cashback, interest rates, and fees, and compare it to other cards on the market. If the Axis Bank IndianOil credit card fits your needs, it may be a good choice.

Whether you should go for an Axis Bank IndianOil Credit Card depends on your individual needs and preferences. It is important to assess the benefits and features of the card before deciding if it is the right card for you. Some of the features of this card include cashback on IndianOil fuel purchases, discounts at select IndianOil fuel stations, reward points, and low interest rates. Consider your needs and decide if this card is right for you.

Click here to apply for this credit card. 

Criteria Details
  • Age Requirement
  • Occupation
  • 18 to 70 years 
  • Salaried or Self-employed

Q.  How is IndianOil Axis Bank Credit Card?

A. IndianOil Axis Bank Credit Card is a great card that offers many rewards and benefits. It offers discounts on fuel purchases at IndianOil outlets, cashback on grocery purchases, and even rewards points on other purchases. It also offers travel benefits such as airline lounge access, travel insurance, and discounts on hotel bookings. Additionally, it also features an EMV chip for enhanced security and fraud protection.

Q. How can I apply for IndianOil Axis Bank Credit Card?

A. You can apply for an IndianOil Axis Bank Credit Card online or by visiting your nearest Axis Bank branch. To apply online, visit the Axis Bank website and click on ‘Credit Cards’. On the next page, select the ‘IndianOil Axis Bank Credit Card’ option and click on ‘Apply Now’. You will need to provide your personal and financial details to complete the application process.

Q.  What is the maximum fuel surcharge waiver offered by IndianOil Axis Bank Credit Card?

A. The maximum fuel surcharge waiver offered by IndianOil Axis Bank Credit Card is 1% per transaction on fuel spends of up to Rs 4,000.

Q. What is the foreign transaction fee charged by Axis Bank Myzone credit card?

A. Yes, the IndianOil Axis Bank Credit Card is suitable for online shopping. It offers a range of benefits including cashback, rewards points, and discounts on online and offline purchases. Additionally, the card comes with zero liability on fraudulent transactions, which makes it a safe and secure option for online shopping.

Q. I don't have a bank account. Can I apply for an Axis Bank My Zone credit card?

A. The documents required to apply for an IndianOil-Axis Bank Credit Card are:

  • Valid identity proof (Aadhar card, PAN card, Passport, Voter ID etc.)
  • Valid address proof (Aadhar card, Passport, Voter ID, Driving License etc.)
  • Recent passport-sized photographs
  • Latest salary slip (for salaried individuals)
  • Income tax returns/Form 16 (for salaried individuals)
  • Bank statement for the last 6 months (for self-employed individuals)