If you’re someone who spends a lot on fuel, the Axis Bank IndianOil credit card could be a great option for you! This co-branded card offers exclusive offers, cashbacks, and rewards on fuel transactions. Let’s break it down in detail!
Key Features of Axis Bank IndianOil Credit Card:
1. Welcome Benefit:
- Earn reward points equal to the amount spent on your first transaction within the first month!
- Max 1250 EDGE reward points, equivalent to ₹250.
2. Fuel Surcharge Waiver:
- Get 1% fuel surcharge waiver (up to ₹50) on fuel spends between ₹400 and ₹4,000 at all petrol pumps.
3. Annual Fee Waiver:
- Annual fee of ₹500 + GST can be waived off by spending ₹3.5 lakh annually.
4. Movie Benefits:
- Get an extra 10% discount on movie bookings through BookMyShow.
5. Dining Discounts:
- Enjoy up to 15% off (max ₹500/month) on dining bills over ₹2,500 at EazyDiner partner restaurants.
Fees and Charges:
- Annual Fee: ₹500 + GST
- Renewal Fee: ₹500 + GST
- Fee Waiver: Spend ₹3.5 lakh annually to avail fee waiver.
Who Should Get the Axis Bank IndianOil Credit Card?
- Frequent Fuel Spenders:
- If you spend a significant amount on fuel, this card helps you save on every transaction with fuel surcharge waivers.
- Movie & Dining Enthusiasts:
- Get access to movie and dining discounts that can add value to your entertainment and food bills.
- Spenders:
- If you can easily hit the ₹3.5 lakh annual spend threshold, you can enjoy the fee waiver, making this card cost-effective in the long run.
Important Considerations:
- Fuel-Centric Benefits:
This card is designed with fuel transactions in mind. Although it offers rewards on other spends, if you don’t frequently refuel, the benefits may not be as attractive. - Annual Fee Threshold:
The annual fee waiver is only applicable if you spend ₹3.5 lakh annually. If you’re unsure if you’ll reach this threshold, consider evaluating your spending habits or compare with other credit cards.
Final Thoughts:
If you’re a regular IndianOil customer and looking to maximize savings on fuel purchases, this card can add great value! With the cashback, fee waiver, and other benefits, you can save on everyday fuel expenses. Just ensure it aligns with your overall spending patterns!
Don’t Have the Axis Bank IndianOil Credit Card Yet? Apply Now