- Joining fee
Rs. 500 + GST
- Annual fee
Rs. 500 + GST
- Best suited for
Fuel, Shopping
- Reward type
Reward Points
Rewards
- Rewards rate
20 Reward Points per Rs. 100 on fuel transactions at IOCL stations, 5 Reward Points per Rs. 100 on online shopping and 1 EDGE Point per Rs. 100 on all other spends with the card
- Welcome benefits
1,250 EDGE Reward Points Worth ₹250
- Reward redemption
Reward Points redeemable for shopping/travel vouchers and products (from the given product catalog) on Axis Bank EDGE Rewards Portal.
Benefits
- Movie & dining
10% instant discount on movie ticket bookings on BookMyShow
Fees & charges
- Spend-based waiver
Renewal Fee Waived on Annual Spending of Rs. 3.5 Lakh
- Rewards redemption fee
Nil
- Foreign currency markup
3.5%
- Interest rates
3.75% Per Month (55.55% Per Annum)
- Fuel surcharge waiver
1% Fuel Surcharge Waived for Transactions Between Rs. 400 and Rs. 4,000
- Cash advance charges
2.5% of the Total Transaction Amount (Minimum Rs. 500)
Product highlights
- 100% value up to 1,250 EDGE Reward Points on first fuel transactions made within 30 days of card issuance.
- 20 Reward Points on every Rs 100 spent at IOCL petrol pumps.
- 5 Reward Points on every Rs. 100 spent on online shopping.
- 1 EDGE Point per Rs. 100 on all other spends with the card.
- Instant discount of up to 10% on movie tickets on Book My Show.
- 1% fuel surcharge waived at all fuel stations across India.
- Renewal fee waived off on annual spends of Rs. 3.5 lakh.
Pros & cons
Pros
- The card is best suited for transactions at petrol stations, offering excellent cashback on fuel, a daily necessity.
- Get 10% off on movie tickets made with BookMyShow.
Cons
- While this card is great for cashback on fuel transactions, it does not provide any travel benefits.
- You won’t receive a significant welcome benefit, only 1,250 EDGE Reward Points worth ₹250 (maximum).
FAQs
Where can I redeem the EDGE Reward Points on my Axis Bank Credit Card?
The EDGE Reward Points on your Axis Bank Credit Card can be redeemed against shopping/travel vouchers and product purchases (from the given catalog of products) on Axis Bank EDGE Rewards Portal.
Do I get cashbacks on movie ticket bookings on BookMyShow?
No, you don’t get any cashback on movie ticket bookings on BookMyShow, instead, you get an instant discount of 10% on booking movie tickets on BookMyShow.
What fuel benefits do I get with the IndianOil Axis Bank Credit Card?
You get accelerated (20X) Reward Points on fuel spends at IOCL filling stations across India. You also get a 1% surcharge waiver on all fuel spends made with the IOCL Axis Bank Credit Card.
Do I get any welcome benefit with the IndiaOil Axis Bank Credit Card?
You get 1,250 EDGE Reward Points worth ₹250 on the first fuel transactions made within 30 days of card issuance.