IndianOil Axis Bank Credit Card

Here are some of the key pointers to note:

The EDGE REWARDS loyalty program is Axis Bank’s rewards platform. You can earn rewards in over 70 ways with more than 500 options across merchandise and e-vouchers. 

A. Reward Points 

Axis Bank reward points are called EDGE REWARDS, and these cannot be exchanged for cash or credit. They can neither be used to obtain cash advances, nor be used to cover any charges incurred on your IndianOil Axis Bank Credit Card. 

• You can earn 1 EDGE REWARD point on every ₹100 spent on your IndianOil Axis Bank Credit Card, barring a few categories. This does not include rent, wallets, utilities, insurance, gold/jewellery, and government institutions.

 

Here is an example demonstrating how you can earn points on this Axis Bank Credit Card:

Disclaimer: The above example is for illustration purposes only.

• The IndianOil Axis Bank Credit Card also offers accelerated rewards for certain categories. On shopping online, you can get 5X reward points. For fuel refills at IndianOil outlets, you can get 20X reward points. 

 

Here is an example to help you understand how this works:

Disclaimer: The above example is for illustration purposes only. 

B. Redemption Process

To redeem your reward points, you can log in to your credit card account through internet banking or through Axis Bank’s mobile app. You can shop from brands such as Louis Philippe, KAMA Ayurveda, Pigeon, Dyson, Apollo 24X7, Samsung, and more. 

 

You can also redeem your points against hotel bookings, experiences, and e-vouchers. You will need to pay a rewards redemption fee based on the number of points you use in one go.

 

Here is a table that indicates the applicable reward redemption charges: 

C. Expiration 

All the reward points you earn are valid for three years from the date of your transaction, after which they cannot be used. Here, the cash value of 1 EDGE REWARD point = ₹0.20. 

D: Example of Savings

Referring to the example mentioned above, here is a look at what your annual expenses and savings will look like: 

Disclaimer: The above example is for illustration purposes only. The actual rewards and savings may vary based on the policies of the issuer and on the timely payment of credit card dues. Please check with the card issuer before applying. 

• If fuel costs ₹90/litre, you can save enough for 60 litres of fuel with the annual benefits available on your IndianOil Axis Bank Credit Card.

• To redeem your reward points, you can choose from a range of products available on the EDGE REWARDS portal. These include garments, accessories, electronics, home decor, and more. Given the reward redemption fee, plan your redemption beforehand to make the most of your points.

Here are all the fees you may have to bear while using the card:

Disclaimer: These charges and fees are subject to change at the issuer's discretion. Before applying, check the relevant Most Important Terms and Conditions (MITC) document to verify.

Check the IndianOil Axis Bank Credit Card eligibility criteria before applying. You need to be:

• Between 18 and 70 years old to be the primary cardholder

• Over 15 years old to be an add-on cardholder

• A resident of India or Non-resident Indian (NRI)
  
  

Here is the list of documents you must submit:

• Form 60 or PAN Card

• Residence Proof

  • Utility bill (electricity, phone)

  • Driving Licence

• Income Proof

  • Income Tax Returns (ITR)

  • Latest salary slips (past 2-3 months)

  • Form 16

To get an idea of how to apply for your credit card on Bajaj Markets, read the steps mentioned below:

1. Click the ‘Check Eligibility’ button and fill in the required details, including your date of birth, occupation, and phone number

2. Enter the One-Time Password (OTP) received on your number

3. Cross-check all the pre-filled details such as your PAN number, residential PIN code, email address, and income details

4. Apply for the card that suits your needs from the available options

5. Click the ‘Submit’ button to complete your application

In case of any questions, reach out to Axis Bank’s customer care team with a phone call:

• 1860 419 5555, 1860 500 5555 or 1800 103 5577 (toll-free) within India

• For NRI cardholders:

Before you apply for the IndianOil Axis Bank Credit Card, use the table below to compare its benefits with other cards from Axis Bank. 

Disclaimer: The benefits mentioned are subject to change as per the policies of Axis Bank. Check these before applying for a specific card.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.