Savings That Go the Extra Mile: Exploring the Axis Bank Fuel Credit Card Advantage

With the rising fuel costs in India, many people nationwide are always looking out for the best deals and offers on their credit cards to help them save more on fuel costs. Although most cards provide a certain fuel surcharge every month that is not enough, however, some cards are specially designed to cater to fuel costs. These cards help individuals save on fuel costs through accelerated reward points, cashbacks, co-branded benefits, and whatnot. If you are not sure what bank to get a credit card from, let us tell you about the benefits of using an Axis Bank fuel credit card, how to apply for it, its eligibility, features, and things to keep in mind when applying for the Axis Bank Fuel Credit Card.

What Is Axis Bank Fuel Credit Card?

Axis Bank Fuel Credit Card provides significant returns on fuel spending as well as other online expenditures. It is one of the best fuel credit cards that offers 5% benefits on fuel expenses. 

The fuel cards are specialised cards that are generally co-branded with retailers such as Indian Oil Corporation Ltd and provide several privileges for purchasing fuel for vehicles, whether a two or a four-wheeler. Most fuel cards work on the concept of a rewarding model, where you can earn points each time you redeem and refuel the accumulated points later to get a certain quantity of gas for free.

Benefits Of IndianOil Axis Bank Fuel Credit Card

There are several benefits of the Axis Bank Fuel Credit Card, such as:

• Welcome Benefits: When you get an Axis Bank Fuel Credit Card, you will get a Rs. 500 Amazon Voucher and 100% cashback on every fuel transaction you make within a month of card issuance. However, remember that the welcome benefit is available for a short time.
• Fuel Benefits: Axis Bank Fuel Credit Card owners can get up to 4% special benefits on IOCL fuel expenses.
• Earn Reward Points On IOCL Fuel Expenditures: People can earn up to 20 EDGE reward points on every Rs. 100 purchase. For instance, you can earn Rs. 4 on every Rs. 100 purchase.
• Redeem Rewards On IOCL Fuel Expenditures: With the Axis Bank Fuel Credit Card, you can earn EDGE reward points. The Axis Bank EDGE Rewards platform offers various exciting offers, such as gift vouchers, merchandise, travel bookings, and whatnot. You can access the Axis Bank Reward via the Axis Bank Rewards Portal, internet banking, or mobile application. For instance, on the 1000 reward points, you can convert these points into Rs. 200 you can use for vouchers, booking travel tickets, and purchasing products.
• Fuel Surcharge Waiver: Every fuel transaction between Rs. 200 and Rs. 5,000 is exempted from the 1% fuel surcharge.

What Are The Charges Of Axis Bank Fuel Credit Cards?

Following are the basic Axis Bank Fuel Credit Card fees and charges:

• Joining Fee: Rs. 500
• Annual Fee: Rs. 500
• Interest Rate: 49.36% p.a.

• Late Payment: Nil penalty for amounts below Rs. 500.
• Rs. 500 for amounts between Rs. 501 – Rs. 5,000.
• Rs. 1,200 for amounts higher than Rs. 10,000.
• Rs. 750 for amounts between Rs. 5,001 – Rs. 10,000.

Eligibility and Document Needed For Axis Bank Fuel Credit Card

To apply for the Axis Bank Fuel Credit Card, candidates must fall under the following criteria:

• The candidate must be over 18 years old and under 70 years old.
• The candidate must be self-employed or salaries.
• Candidates must have a CIBIL score of 750 and above. 

Remember that the criteria are indicative, and the banks have the full right to accept or reject the applications for Axis Bank Fuel Credit Card.

Documents:

The majority of documents are submitted during the application. Following are some of the essential documents that candidates must have:

• Address Proof: Passport, Ration, Aadhaar Card and Voter ID.
• Income Proof: ITR, Pay Slip, Form 16.
• Identification Proof: Aadhar card, Passport, Driver’s License, and PAN card.

How To Apply For An Axis Bank Fuel Credit Card?

Candidates can follow the steps mentioned below to apply for Axis Bank Fuel Credit Card:

1. Visit the official site of Axis Bank. You can also visit the Axis Bank branch near you. 
2. On the website, navigate to the “Apply” section and choose your desired card.
3. Choose the apply option and fill in your details.
4. After entering the details, click submit, and the staff of Axis Bank will contact you.

Conclusion

Axis Bank Fuel Credit Card is the best way to save significantly on fuel expenditures and get major rewards and cashback that will save a lot of money. On these spends, not only can you get about 5% rewards on the fuel costs, but these spending levels also allow you to meet the annual renewal fee waiver of up to Rs. 50,000, technically making this card virtually free. You can contact the bank through their official website for more details and information.