Indian Oil Axis Bank RuPay Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

Get 100% value up to 1,250 EDGE Reward Points when you make your first fuel transactions within 30 days of receiving your card. Earn 20 Reward Points for every Rs 100 spent at IOCL petrol pumps. Receive 5 Reward Points for every Rs 100 spent on online shopping. Gain 1 EDGE Point per Rs 100 on all other purchases made with the card. Enjoy an instant discount of up to 10% on movie tickets when you book through Book My Show. Receive a discount of up to 15%, up to Rs 500, on dining bills at partner restaurants through the Axis Bank EazyDiner Program. No need to pay the 1% fuel surcharge at any fuel station in India. Have your renewal fee waived if you spend Rs 3.5 lakh annually.

The Indian Oil Axis Bank RuPay Credit Card is an ideal choice for individuals who frequently indulge in fuel shopping.

With its reward type being Reward Points, the card offers various benefits and features to enhance the overall experience.

To begin with, the welcome benefit of this card is a 100% cashback (up to Rs. 250) on the first fuel transaction made within 30 days of card issuance.

This allows cardholders to enjoy immediate savings on their initial fuel purchase.

For movie enthusiasts, the card offers a 10% instant discount on movie ticket bookings through BookMyShow.

This perk further adds value to the entertainment aspect of owning this credit card.

When it comes to fuel transactions at IOCL stations, cardholders earn 20 Reward Points per Rs. 100 spent.

This makes filling up the fuel tank not only a necessity but also an opportunity to accumulate reward points that can be redeemed later.

Additionally, online shopping with this card earns cardholders 5 Reward Points per Rs. 100 spent.

This feature enables users to enjoy rewards while indulging in their favorite online shopping experiences.

Furthermore, every Rs. 100 spent on all other expenses with the card earns the user 1 EDGE Point.

These points can later be redeemed for various benefits or rewards, adding more value to the overall usage of the card.

The card also offers a renewal fee waiver on an annual spending of Rs. 3.5 lakh, making it easier for cardholders to continue enjoying the benefits without any additional costs.

In terms of fees, this card has a joining fee of Rs. 500 + GST, as well as a renewal fee of Rs. 500 + GST.

However, the rewards redemption fee is nil, allowing users to efficiently redeem their accumulated rewards without any additional charges.

The foreign currency markup for this card is 0.035, ensuring minimal charges for international transactions.

Additionally, the fuel surcharge is waived for transactions between Rs. 400 and Rs. 4,000, further reducing expenses for fuel purchases.

The interest rate for this card is 3.6% per month (52.86% per annum) and the cash advance fee is 2.5% of the total transaction amount (minimum Rs. 500).

In conclusion, the Indian Oil Axis Bank RuPay Credit Card offers several noteworthy features and benefits that are especially suited for fuel shopping.

With its attractive reward points system, welcome benefit, and discounts on movie tickets, this card is a valuable addition for individuals looking to optimize their spending and gain rewards in the process.