Apply Now

IndianOil Axis Bank Credit Card

The IndianOil Axis Bank Credit Card is designed for fuel-savvy users, offering 4% value-back on purchases at IOCL outlets. Cardholders also enjoy 1% rewards on online shopping and 10% discounts on BookMyShow. With a first-year fee of ₹500 plus taxes, it provides practical savings on everyday fuel and entertainment spends.

IndianOil Axis Bank Credit Card

About Indian Oil Axis Bank Credit Card

The IndianOil Axis Bank Credit Card is tailored for individuals aiming to reduce their monthly fuel expenses. It provides value-back through reward points earned on purchases at IndianOil outlets, along with additional points on online shopping. The card also offers welcome rewards, making it a practical choice for everyday spending.

Apart from fuel and online shopping benefits, cardholders can enjoy discounts on BookMyShow tickets and select dining options. While some perks are subject to limits, users who strategically utilize bonus categories and other advantages can gain substantial value, often surpassing the card’s annual fee.

Indian Oil Axis Bank Credit Card – Rewards & Benefits

  • Earn up to 4% cashback on fuel purchases at IOCL outlets through reward points.
  • Get 20 EDGE points per Rs. 100 spent on fuel at any Indian Oil outlet.
  • Earn 5 EDGE points per Rs. 100 spent on online shopping, equivalent to 1% value-back.
  • Receive 1 EDGE point for every Rs. 100 spent in other categories, excluding rent, insurance, utilities, government payments, gold/jewellery, and wallet recharges.

Additional Features & Benefits – Indian Oil Axis Bank Credit Card

  • Welcome Offer: Receive EDGE reward points equal to your first fuel purchase made within 30 days of card issuance.
  • Movie Discounts: Enjoy a 10% discount on movie ticket bookings via the BookMyShow app or website.
  • Fuel Surcharge Waiver: Get 1% waiver on fuel surcharge (up to Rs. 50 per statement cycle) for fuel spends between Rs. 400 and Rs. 4,000.
  • Annual Fee Waiver: Annual fee is waived if you spend Rs. 3.5 lakh or more in the previous year.
  • Dining Offers: Up to 15% discount (maximum Rs. 500 per month) on dining bills of Rs. 2,500 or more at partner restaurants via EazyDiner.
  • Rupay Network Benefits: This card can be added to UPI apps, allowing you to continue enjoying rewards on UPI transactions.

IndianOil Axis Bank Credit Card Reward Points & Cashback Calculator

Reward Points Calculator

Axis Indian Oil: Fees and Charges

Fee Type Amount
Joining Fee Rs. 500
Annual Fee Rs. 500
Finance Charges 3.50% p.m. | 42% p.a.
Late Payment Charges
For Statement Balance:
Up to Rs. 500 Nil
Rs. 501 to Rs. 5,000 Rs. 500
Rs. 5,001 to Rs. 10,000 Rs. 750
Greater than Rs. 10,000 Rs. 1,200

Things to Consider Before Applying – Indian Oil Axis Bank Credit Card

  • Ideal for those looking to save on fuel expenses without a steep annual fee.
  • Suitable if you spend around Rs. 5,000 on fuel monthly and want to make the most of reward points.
  • Beneficial for users who frequently shop online and want to earn rewards on these purchases.

Steps to Close IndianOil Axis Bank Credit Card

If you want to cancel your IndianOil Axis Bank Credit Card, it is important to follow the official closure process defined by Axis Bank to ensure a smooth and secure experience.

Evaluate Your Decision

  • Before initiating the closure, consider the reason behind cancelling the card. This could include annual fees, limited usage, or switching to another credit card. Also, remember that closing an old credit card account may have an impact on your credit score and history.

Clear All Outstanding Dues

Make sure there are no pending amounts on your credit card. Pay off all liabilities, including:

  • Total outstanding balance
  • EMIs or installment payments
  • Interest charges
  • Late payment fees or penalties

The bank will process the closure only after all dues are completely cleared.

Submit Closure Request

You can raise your request through different channels, such as:

  • Internet banking or mobile banking
  • Customer care support
  • Email or a written application to the bank

While submitting the request, you may need to provide:

  • Full name of the cardholder
  • Last four digits of the credit card
  • Registered mobile number or email ID

Confirm the Request

  • After placing the request, ensure you receive confirmation via SMS or email indicating that your closure request has been successfully registered or completed.

Stop Using the Card

  • Avoid using the card once the closure request has been submitted, as any new transaction may delay the process.

Dispose of the Card Securely

After receiving confirmation of closure:

  • Cut the card diagonally across the chip and magnetic strip
  • Dispose of it carefully to prevent misuse

Verify Credit Report

  • After a few weeks, check your credit report to ensure the card status is updated as “Closed”.
  • If you notice any discrepancy, report it immediately to the bank or the credit bureau.

Important Points to Remember

  • Cancel all auto-debits, subscriptions, and recurring payments linked to the card
  • Redeem any remaining reward points before closure, as they may expire afterward
  • Keep records of all communications and acknowledgements for future reference
  • Monitor your account until the closure process is fully completed

IndianOil Axis Bank Credit Card Helpline Number

If you need assistance regarding your IndianOil Axis Bank Credit Card, you can get in touch with the customer care team of Axis Bank. The bank provides support for billing queries, payments, card blocking, reward-related concerns, and other credit card services.

Customer Care Helpline Numbers

WhatsApp Banking Support

For quick assistance, you can also use WhatsApp banking:

  • Send “Hi” to 7036165000 from your registered mobile number

This service enables basic banking functions along with instant support.

SMS Banking Services

To check your account balance:

Other Support Channels

Axis Bank also provides several additional support options, including:

  • Missed call banking services
  • SMS-based assistance
  • NRI customer support
  • Branch and ATM locator services
  • Complaint and grievance redressal
  • Fraud reporting and security assistance
  • Do Not Call (DNC) service requests

Services Available

  • Assistance with billing and transaction-related queries
  • Support for payments and credit card statements
  • Help in reporting and blocking lost or stolen cards
  • Requests for card replacement or reissue
  • Guidance for credit card closure or cancellation
  • General banking and account-related assistance

Important Points

  • Always use official contact channels for secure communication
  • Keep your registered mobile number and card details ready for verification
  • Do not share sensitive information such as OTP, PIN, or CVV
  • Ensure you note your complaint or reference number for future tracking and follow-up

FAQs

Is this the top Indian Oil co-branded credit card in India?

Indian Oil has partnered with multiple banks including Axis Bank, HDFC, Kotak Mahindra, and RBL. Among these, the Indian Oil RBL XTRA Credit Card offers the highest potential savings, though it comes with a higher annual fee of Rs. 1,500.

You can earn up to 1,000 EDGE points on fuel purchases and 250 points on online shopping. For other eligible categories, there is no upper limit on reward points.

Points can be redeemed via the Axis Bank EDGE Rewards Portal for merchandise, gift vouchers, and other available options.

The card offers a monthly discount of up to Rs. 100 on movie ticket bookings made through the BookMyShow app or website.

Spends such as rent, wallet top-ups, insurance, EMIs, cash withdrawals, fees & charges, GST payments, and reversals are excluded from earning reward points.