IndianOil Axis Bank Premium Credit Card
Enjoy Welcome Benefit
- Enjoy 500 EDGE MILES on your first spend within 30 days of card issuance
- For terms and conditions click here
Accelerated Rewards at IndianOil Fuel Outlets
- Earn 6 EDGE MILES on every ₹ 150 spent at any IOCL fuel outlet in India
- Transact up to ₹ 15,000 per month to avail the offer
- Continue to earn 1 EDGE MILE on every ₹ 150 spent for spends above ₹ 15,000 per month
- For terms and conditions click here
Accelerated Rewards at Grocery & Supermarket Spends
- Earn 2 EDGE MILES on every ₹ 150 spent on Grocery & Supermarket spends
- Transact up to ₹ 5,000 per month to earn up to 33 EDGE MILES
- Continue to earn 1 EDGE MILES on every ₹ 150 spent for spends above ₹ 5,000 per month
- For terms and conditions click here
Fuel Surcharge Waiver
- Get 1% unlimited fuel surcharge waiver on fuel purchases at all IOCL fuel outlets across.
- GST charged on fuel surcharge is non-refundable
Earn EDGE MILES
- Uncapped base earn of 1 EDGE MILE on every ₹ 150 spent EDGE MILES will be credited directly to the customer’s EDGE account
- For terms and conditions click here
Spend Based Waiver
- Spend ₹ 1,00,000 and above in an anniversary year to be eligible for annual fee waiver
- For terms and conditions click here
30% off on Zomato
- Get 30% off on food delivery at Zomato with your IndianOil Axis Bank Premium Credit Card
- Use Coupon code AXISIOCL
- Maximum discount is capped at ₹ 150 per order
- Offer is applicable on minimum spending of ₹ 200
- Customer can avail the discounts up to 2 times in a month
- For terms and conditions click here
Lounge Access
- Enjoy 2 complimentary lounge access per quarter at select domestic airports with your IndianOil Axis Bank Premium Credit Card
- Click here for the list of associated airports and terms and conditions.
Dining Delight
- Get 25% off Axis Bank Dining Delights via EazyDiner
- Maximum discount is capped at ₹ 800 per order
- Customer can avail the discount up to 2 times in a month
- For terms and conditions click here
Fees & Charges
| Financial Charges | |
|---|---|
| Joining/Annual Fee | ₹ 1000 + GST Annual fee waived off on spends of ₹ 1,00,000 and above |
| Add-on card Joining/Annual Fee | Nil |
| Cash Withdrawal Fee | 2.5% on the amount withdrawn (Minimum ₹500) |
| Finance Charges - Interest | 3.6% (52.86% annual) |
| Late payment charges | Nil if outstanding amount is less than ₹ 500 ₹ 500 if outstanding amount is between ₹ 501 and ₹ 5,000 ₹ 750 if outstanding amount is between ₹ 5,001 and ₹ 10,000 ₹ 1,200 if outstanding amount is greater than ₹ 10,001 |
| Over limit charge | 2.5% (Minimum ₹ 500) of Over limit amount (excluding fees, charges and taxes) |
| Returned Payment Charge (Cheque / ECS / ACH / SI bounce charge) | 2% of payment amount (Minimum ₹ 450, Maximum ₹1503) |
| Fuel transaction charge | 1% (+GST) of Transaction Amount Surcharge refunded for spends done at IOCL fuel outlets |
| Railway ticket booking surcharge | As prescribed by IRCTC / Indian Railways |
| Rent surcharge | 1% + GST capped at ₹ 1,500 per transaction will be applicable on each rental transaction done with IndianOil Axis Bank Premium Credit Card |
| Statement Request (beyond 3 months) | Nil |
| Reissue of lost, stolen or damaged card | Nil |
| Foreign currency transactions | 3.50% of Transaction value |
| Dynamic Currency Conversion markup | 1% + GST will be applicable on Axis Bank Credit Cards for each International transaction performed in Indian currency at International location or transactions performed in Indian currency with merchants located in Indian but registered in foreign nation. |
| Cash deposit at Citi branches | ₹100 per deposit |
| Reward Redemption Fee | Nil |
Check your eligibility for IndianOil Axis Bank Premium Credit Card
Eligibility
Primary Cardholder should be 18-70 years of age
The individual should be a resident of India.
*The above criteria are only indicative, and the bank reserves the ultimate right to approve or Decline applications for IndianOil Axis Bank Premium Credit Card.
Documentation
PAN Card photocopy or Form 60
Proof of income
Latest payslip / Form 16 / IT Return
Residence proof
Driving License / Electricity Bill / Landline Telephone Bill
*The above list is only indicative. Documents required may vary on a case-to-case basis.
Value Chart
| INDIANOIL AXIS BANK PREMIUM Credit Card Value Chart on Annual Spends of ₹ 3,00,000 | ||
|---|---|---|
| Benefits of INDIANOIL AXIS BANK PREMIUM Credit Card | Annual Spends (₹) | Benefits / Discounts (₹) |
| Welcome Benefit* |  | 500 |
| Complimentary access to selected Domestic Lounges (if offer availed 2 times a quarter**) | | 12,000 |
| Zomato Discounts*** | ₹ 12,000 | ₹ 3,600 |
| Rewards on Annual Spends (excluding all restricted categories) - Base | ₹ 40,000 | ₹ 267 |
| Accelerated Rewards of 6X - Fuel (IOCL outlets) | ₹ 60,000 | ₹ 800 |
| Fuel Surcharge waiver^ (annually) | | ₹ 1,780 |
| Spends on no-earn categories (excluded MCCs) | ₹ 20,000 | |
| Spend Based Fee Waiver | | ₹ 1000 |
| Total Annual Benefits) | ₹ 27,147 | |
Total Benefits on INDIANOIL AXIS BANK PREMIUM Credit Card is more than ₹. 27,000 (value chart is for illustrative purpose only)
* Based on assumption that customer completes first transaction and activates the card within 30 days of card issuance. Welcome benefit is applicable to the customer only in the first year
**Based on assumption that customer visits lounge 2 times a quarter. Cost of lounge is assumed at ₹ 1,500
***Based on assumption that customer orders from Zomato twice a month of minimum order value of ₹ 200, to avail 30% discount. The maximum discount per order ₹ 150
^Valid on transactions at IOCL fuel outlets. GST charged on fuel surcharge is non-refundable.