Online Shopping Rewards: Beyond fuel, the Axis Bank IndianOil Credit Card offers rewards for online shopping, catering to the growing trend of e-commerce. Cardholders earn 5 EDGE Reward Points per ₹100 spent on online transactions, translating to a 1% value back. Eligible transactions must be between ₹100 and ₹5,000, with a monthly spending cap of ₹5,000 for this benefit. For example, spending ₹5,000 online monthly earns 250 EDGE Reward Points, worth ₹50. This feature makes the card versatile for users who frequently shop on platforms like Amazon, Flipkart, or other online merchants.

Base Rewards on Other Categories: For all other eligible spending, excluding categories like rent, insurance, and utilities, the card provides 1 EDGE Reward Point per ₹100 spent, with a minimum transaction value of ₹200. While this 0.2% value back is modest, it ensures that every transaction contributes to the cardholder’s rewards balance. These points can be redeemed through Axis Bank’s EDGE Rewards Portal for vouchers, merchandise, or other offerings, adding flexibility to the card’s utility.

Dining Discounts with EazyDiner: The card enhances dining experiences through Axis Bank’s Dining Delights program, offering up to 15% off (maximum ₹500) on dining bills at partner restaurants via EazyDiner. The minimum order value for this discount is ₹2,500, and the offer is valid once per card per month. For food enthusiasts, this perk can lead to significant savings, especially at premium dining establishments. For instance, a ₹3,000 dining bill could save ₹450, making it a valuable feature for occasional splurges.

Movie Ticket Discounts on BookMyShow: Entertainment seekers benefit from a 10% instant discount on movie ticket bookings through BookMyShow. The maximum discount is capped at ₹100 per month, making it ideal for casual moviegoers. To avail of this offer, users must apply the discount from the ‘Offers’ section during payment. For example, booking two tickets worth ₹800 would reduce the cost by ₹80, adding a small but delightful saving for cinema outings.

Joining and Annual Fees: The Axis Bank IndianOil Credit Card comes with a joining fee of ₹500 and an annual fee of ₹500. These fees are relatively low compared to other fuel credit cards, making it accessible for entry-level users. Additionally, the annual fee is waived if the cardholder spends ₹50,000 or more in a year. For users who maximize fuel and online shopping rewards, reaching this threshold is achievable, effectively making the card cost-free after the first year.

Other Charges: Other notable charges include a 3.4% per month (49.36% per annum) finance charge on retail purchases and cash withdrawals, a 3.4% cash withdrawal fee (minimum ₹500), and a 3.5% foreign currency transaction fee. Late payment fees range up to ₹500 based on the outstanding amount, and an over-limit penalty of 2.5% of the excess amount (minimum ₹500) applies if the credit limit is exceeded. Users should manage their spending and payments diligently to avoid these charges.

RuPay Network and UPI Integration: The card is available on the RuPay network, enabling seamless integration with UPI apps for contactless payments. This feature allows cardholders to link the card to apps like Google Pay or PhonePe, earning rewards on UPI transactions at IOCL outlets and online merchants. The virtual card can be accessed immediately via the Axis Bank mobile app, facilitating quick setup for digital payments.

Add-On Cards: The card offers free add-on cards for family members above 15 years, with all transactions charged to the primary cardholder’s account. This feature simplifies expense tracking for households, as no separate statements are generated for add-on cards.

Eligibility Criteria: To apply for the Axis Bank IndianOil Credit Card, applicants must meet the following criteria:
- Age: Primary cardholder must be between 18 and 70 years; add-on cardholders must be over 15 years.
- Residential Status: Open to both Indian residents and non-resident Indians (NRIs).
- Income: A minimum monthly income of ₹20,000 is required for salaried individuals.
- Credit Profile: The bank evaluates credit score, credit history, and repayment behavior to determine eligibility.
Axis Bank reserves the right to approve or decline applications based on internal policies.

Required Documents:
- Identity Proof: PAN card, Aadhaar card, passport, or driving license.
- Address Proof: Passport, ration card, utility bills, or Aadhaar card.
- Income Proof: Latest salary slips, Form 16, or Income Tax Return (ITR) copy.
- Photograph: Recent passport-sized color photograph.
Additional documents may be requested based on the bank’s requirements.

Application Process:
The card can be applied for online or offline:
- Online: Visit the Axis Bank website, navigate to the credit card section, select the IndianOil Credit Card, and fill out the application form with personal and financial details. Submit the form, and the bank will contact you for further steps.
- Offline: Visit the nearest Axis Bank branch, consult with a representative, and complete a physical application form with the required documents.

While the card excels in fuel and online shopping rewards, it has some limitations. The monthly spending caps of ₹5,000 for fuel and online shopping restrict rewards for high spenders. Transactions outside these categories (e.g., rent, insurance, utilities) do not earn rewards, and the base reward rate of 0.2% is low. Additionally, the card lacks premium features like lounge access, which is available in the IndianOil Axis Bank Premium Credit Card. Users with fuel expenses exceeding ₹5,000 monthly may find cards with higher caps or fewer restrictions more suitable.