Axis Bank Indian Oil Credit Card LTF

[Akshay9512]

Apply here : https://clctab.axisbank.co.in/Digit...9.1043511707.1667471904-1097369487.1666368263


The best thing here is, if you hold a magnus card, then you will have same converison ratio of these points as well to 5:4 on TravelEdge

 

[Deleted member 2995]

how to get 500 ₹ discount as mentioned in banner 500+500 Amazon voucher

i got only 250 cashback on my first fuel transaction

 

[bugmenot]

I hold FK Axis LTF 1L. Applied for IOCL on 10th Nov online. An agent from branch called me to complete KYC, he checked docs and took fingerprint for Aadhar based KYC. Today got an approval message and limit is 3.9L.

Asked few queries on Axis Twitter support and phone banking, I got below given info.

• 100% cashback on fuel transactions made within first 30 days of card issuance, maximum cashback is INR 250 only.
• The next INR 250 cashback is provided as a 100% cashback in fuel transaction made within 31 to 60 days of card issuance.
• The eligible customers will receive the amazon pay voucher of INR 500 within 60 days of card activation.
• The card must be swiped on Axis EDC/POS machine to get the reward points. [I asked do all the IOCL outlets has Axis machine, he said due to partnership there will be, but I don't believe. He also didn't mention the condition for company owned outlets]
• The EDC/POS machine must be registered for fuel category MCC [Few outlet may have multiple business within outlet premises and it may not have machine with fuel MCC]

I will update here after doing few transactions.

@vikashpolo11

 

[Vishnu]

Okay. So let me get this straight.

To get the 1-4% cashback, all the below conditions should be met
1. Indian oil petrol pump
2. Registered under Indian oil(not under any other alias)
3. The machine should be Axis EDC/POS registered
4. The machine should be registered for fuel category MCC.

I was angry at them till now. Now I am amused. Wonder if there's a single petrol pump across India which meets all conditions!

Hi,
I think you may have been misinformed. I got this card recently and used it for fuel spends. Both the pumps I visited was not company owned Indian Oil Pumps, it was pumps owned by the dealers. Also one of the pump used HDFC POS and the other uses PNB POS.
The reward points took 6 days to credit, thats all. Axis bank site is clear as it mentions 'Any IOCL pump' for the accelerated rewards. Please find the attached screenshot for your reference.

 

[Vishnu]

probably yes. I asked PNO about Axis EDC/POS machine condition. PNO replied any EDC/POS machine can be used. Now it completely depend on trial and error I am gonna ask for ownership condition also.

No POS and no Ownership condition. Reward point takes 6 days to credit thats all. You may refer my earlier post in this thread.

 

[Vishnu]

How to know axis bank iocl card is LTF......
I got my new card today.....
but it shows joining fees 500/- and annual fees 500/-.....

Also when you receive the physical card, in the welcome letter joining fee and renewal fee would ve mentioned as ₹0.

 

[Vishnu]

Filled petrol in a company owned bunk (but not Axis POS machine) 2 days ago. I now see there is a surcharge levied and it is reversed by Axis, but there is no reversal of GST. So, for 3K worth of petrol I a paid Rs.3005. Not seen any reward points yet

Reward points take about 6 days to credit.

 

[pra1968]

Then if not given ltf then complain..... To pno.... Dud u see joining fees and annual fees nil while selecting card while applying..???

I chat with axis employee.....
Believe me
They are worst.....
Suggest the way to complain

 

[pra1968]

Also when you receive the physical card, in the welcome letter joining fee and renewal fee would ve mentioned as ₹0.

My welcome letter mentioned ₹500/-for joining and annual fee

 

[Batmanbaba]

I chat with axis employee.....
Believe me
They are worst.....
Suggest the way to complain

pno@axisbank.com

Mail here... With your complain....rest of axis complain channels are useless...

 

[Vishnu]

My welcome letter mentioned ₹500/-for joining and annual fee

Did you apply online by visitng the LTF banner in tbe axis bank credit card website or directly through bank employees?

 

[pra1968]

Did you apply online by visitng the LTF banner in tbe axis bank credit card website or directly through bank employees?

Here also I see a magnificent story......
I applied through axis website banner and get application no.
After few days axis employees came to me for documents and photo.....
And the magic begins....
My application no. Changed from first one.....

 

[yolofino]

I filled petrol today worth Rs. 250 from an Indian Oil petrol pump using paytm machine. Not sure about the bank as I did not take the receipt.

Transactions shows "Priya service center" as of now. Will update here once it's posted.

This was my first ever transaction after getting the card.

 

[Cccc]

Reward points take about 6 days to credit.

It charges me a 2% surcharge and 18% GST on it. And in some petrol pump, it's a 1% fuel surcharge and 18% GST.
But I received only a 1% surcharge waiver. It's strange as all are Indian oil petrol pumps.
Has anyone of you experienced this?

 

[NewUser]

Hi,
I think you may have been misinformed. I got this card recently and used it for fuel spends. Both the pumps I visited was not company owned Indian Oil Pumps, it was pumps owned by the dealers. Also one of the pump used HDFC POS and the other uses PNB POS.
The reward points took 6 days to credit, thats all. Axis bank site is clear as it mentions 'Any IOCL pump' for the accelerated rewards. Please find the attached screenshot for your reference.

I am not sure about the POS. Read them in another comment, that's why made the deduction.
But I took the card because there's an Indian Oil petrol pump near to my office. I did one transaction worth ₹ 329. It was shown as 'under process' for 2 days in app, after which the transaction amount reflected was ₹351. Here I felt cheated. So one thing's for sure .. you need the petrol pump name in the name of 'Indian Oil', not owner.

If yours was not registered under 'Indian Oil', but some owner, and still you got the cashback with no surcharge, you are lucky. Check the old comments in this thread. Many people have complained this. Even someone posted a video about this in a comment.

 

[Anon1]

If yours was not registered under 'Indian Oil', but some owner, and still you got the cashback with no surcharge, you are lucky.

I am also lucky then . Mine also not registered under Indian Oil

 

[bugmenot]

I think that youtube video has mislead us. That video is bit old, probably six months and he reviewed for visa version. I believe axis might have revamped and fix all those issues in rupay card.

 

[Abhishek012]

I think that youtube video has mislead us. That video is bit old, probably six months and he reviewed for visa version. I believe axis might have revamped and fix all those issues in rupay card.

Youtube video was not mislead. Let me tell you what's the actual issue.

Just few weeks back, i saw one person suggest everyone dnt go for RuPay variant Axis Indianoil credit card because "RuPay" variant is not giving fuel rewards, surcharge wavier and 1% e-com rewards

Then after few days ago, i watched some youtube videos and i found, other people are also facing same problem on Axis Indianoil credit card but they are using "Visa" variant card.

And last week another person told me he got fuel rewards, surcharge wavier and 1% e-com rewards on Axis Indianoil RuPay credit card variant and he used on ICICI POS machine.

After research i found, There is no problem in Visa or RuPay variant.

Merchant/Fuel MCC codes issue by banks when they are doing kyc with merchants and its also depend on credit card issuer banks software, how much information updated on their system.

And last thing, its also depend on your location, where you used your card.

I create a seperate post about

Hidden facts about fuel credit cards by Axis, ICICI, BOB, HDFC Credit cards (Visa/RuPay):​

Hidden facts about fuel credit cards by Axis, ICICI, BOB, HDFC Credit cards (Visa/RuPay):

Hidden facts about fuel credit cards by Axis, ICICI, BOB, HDFC Credit cards (Visa/RuPay): Recently, RuPay Credit card launched many co-branded Fuel credit cards and I Saw many users are complaining RuPay variant is not crediting fuel rewards or cashback offers - Let me tell you, all fuel...

www.technofino.in

@NewUser
@gopi1
@Saif77
@bugmenot

 

[yolofino]

I filled petrol today worth Rs. 250 from an Indian Oil petrol pump using paytm machine. Not sure about the bank as I did not take the receipt.

Transactions shows "Priya service center" as of now. Will update here once it's posted.

This was my first ever transaction after getting the card.

So Axis has posted the transaction today. I got the cashback:

 

[bugmenot]

So Axis has posted the transaction today. I got the cashback:

This is 1% surcharge waiver I believe. I also got the same.

 

[Deleted member 7241]

I chat with axis employee.....
Believe me
They are worst.....
Suggest the way to complain

For Fuel Only Onecard is the Best...why you get other... I Fuel for 220rs and There is no extra charge...