IndianOil Axis Bank Credit Card
Axis Bank
Annual Fee
₹500
Joining Fee
₹500 + GST
Base Reward
1% points
Foreign Markup
3.5%
Fee Waiver
Renewal Fee Waived on Annual Spending of ₹3.5 Lakh
Interest Rate
3.75% Per Month (55.55% Per Annum)
Welcome Benefits
1,250 EDGE Reward Points Worth ₹250
Product Highlights
- 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 ₹100 spent at IOCL petrol pumps.
- 5 Reward Points on every ₹100 spent on online shopping.
Rewards
20 Reward Points per ₹100 on fuel transactions at IOCL stations, 5 Reward Points per ₹100 on online shopping and 1 EDGE Point per ₹100 on all other spends with the card. Instant discount of up to 10% on movie tickets on BookMyShow.
Redemption
Reward Points redeemable for shopping/travel vouchers and products (from the given product catalog) on Axis Bank EDGE Rewards Portal.
Category Rewards
| Category | Reward Rate | Monthly Cap |
|---|---|---|
fuel | 20%(20 Reward Points) | No cap |
shopping | 5%(5 Reward Points) | No cap |
Merchant-Specific Rewards
| Merchant | Reward | Context |
|---|---|---|
| IOCL | 20 Reward Points(N/A) | offline |
| Online Shopping | 5 Reward Points(N/A) | online |
Benefits & Features
Domestic: N/A International: N/A
Fees & Charges
Eligibility
Min Age
18 years
Max Age
70 years
Available Networks
Pros & Cons
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 worth ₹250 (maximum).
Additional Info
Important: The welcome benefit of 1,250 EDGE Reward Points is valid only for the first fuel transaction within 30 days of card issuance.
The card does not offer any travel benefits, making it less suitable for frequent travelers.
The fuel surcharge waiver applies only for transactions between ₹400 and ₹4,000.
Excluded Categories