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

 

[Vishnu]

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.

22 rupee surcharge seems pretty high and unlikely, the normal surcharge charged will be posted as cashback within a week. It seems something else happened in your case as normally surcharge @1 percent is charged for fuel transaction. I feel if you contact the bank they might reverse the excess amount charged. Do let us know what the bank personnel tells you regarding this if you decide to contact them.

 

[NewUser]

22 rupee surcharge seems pretty high and unlikely, the normal surcharge charged will be posted as cashback within a week. It seems something else happened in your case as normally surcharge @1 percent is charged for fuel transaction. I feel if you contact the bank they might reverse the excess amount charged. Do let us know what the bank personnel tells you regarding this if you decide to contact them.

Thanks for the concern Vishnu. I feel contacting the bank and following up etc is too much work for a mere ₹22 (too much hassle). Instead, I have boycotted the card, so it'll be just another card lying in the drawer. Once bitten twice shy, so I'll be using debit cards for fuel transactions instead.

 

[yolofino]

Received the Rs. 250 cashback as well.

 

[bugmenot]

I also got the first ₹250 + ₹2.5 surcharge. Filled fuel from BPCL outlet. Hence promotional ₹250 + ₹250 can be get from any outlet.

 

[Farhad sekh]

I also got the first ₹250 + ₹2.5 surcharge. Filled fuel from BPCL outlet. Hence promotional ₹250 + ₹250 can be get from any outlet.

How can I get the 2nd 250 cashback?

 

[bugmenot]

How can I get the 2nd 250 cashback?

By doing a txn between 31st to 60th day of card issuance. Amazon voucher will be after 60 days of card activation.

 

[Farhad sekh]

By doing a txn between 31st to 60th day of card issuance. Amazon voucher will be after 60 days of card activation.

Thanks

 

[Farhad sekh]

I have shared limit of Flipkart Axis and iocl axis of 1 lakh. What will be cibil report of limit of this card?
Will it be 1 lakh for both or 50k for each card?

 

[NewUser]

Received the Rs. 250 cashback as well.

View attachment 7376

Just an FYI. Even my Axis app transaction list looks exactly like this. But the charged amount was ₹339 for two days when it was under processing. Even the receipt(from petrol pump) which was given to me showed ₹339.94

However, after two days, when processing was complete, the transaction entry changed to ₹351.
So if you have the petrol purchase receipt from the petrol pump, please make sure that the amount charged was indeed ₹252.5 as per receipt
If not, you can fuel again, and verify.

 

[avishj]

Axis support guys are just next level.

As Burgundy account holder i applied for LTF select card on sept.3rd through mobile app / pre approved cards.

Application remained in process for so long ( it was supposed to be pre approved !) That i wrote a letter to Nodal Officer on 17th.

Got no reply as i waited for 1 month.

Tired of waiting , i applied for LTF Myzone on last day of offer , 15th October.

It was approved and delivered on 25th.

Got LTF Select over phone on 30th October.

And today , finally received a reply from nodal officer telling me " I'm not eligible for credit card " and i should rather open a FD and go for a secured card.

This is called rubbing salt on wound.View attachment 7072

Had same thing happen with me. Branch staff and Nodal officers are trash af. Phone banking is really really good. Had similar experience with CC guys at branch. Next day got Select via preapproved section on chargeable basis and Phone CS immediately got the charges reversed and converted to LTF.

 

[er.jaisingh]

I have applied for Axis Indian oil on 6th Nov due to LTF offer from last month it is always on first step on tracking and from last two days it is show "No details found", What should i do?

 

[vishnucn]

I have applied for Axis Indian oil on 6th Nov due to LTF offer from last month it is always on first step on tracking and from last two days it is show "No details found", What should i do?

wait for 2 more days and if is not updated contact them via twitter

 

[deep@vie]

I have applied for Axis Indian oil on 6th Nov due to LTF offer from last month it is always on first step on tracking and from last two days it is show "No details found", What should i do?

drop an e-mail asking status of application.

 

[er.jaisingh]

my first application seems to be vanished into thin air, lol no updates, applied again via vkyc 2 days back this time they put a hard enquiry, lets see what happens. after reading whole thread about, now it seems its not worth it to apply for iocl axis card, all fuel cards are BS not a days.
Does it actual have condition for surcharge waiver only on company owned IOCL outlets ?

 

[bugmenot]

Does it actual have condition for surcharge waiver only on company owned IOCL outlets ?

Probably not. I filled the first ₹250 on BPCL pump. I got the surcharge back (1% / ₹2.5) and also the ₹250 cashback.

 

[VISHESH_BANSAL]

Just an FYI. Even my Axis app transaction list looks exactly like this. But the charged amount was ₹339 for two days when it was under processing. Even the receipt(from petrol pump) which was given to me showed ₹339.94

However, after two days, when processing was complete, the transaction entry changed to ₹351.
So if you have the petrol purchase receipt from the petrol pump, please make sure that the amount charged was indeed ₹252.5 as per receipt
If not, you can fuel again, and verify.
View attachment 7390

Officially, Amount of Surcharge at petrol pump is Rs.10+GST or 1.18% of txn Amount which ever is higher.

Now Actual Surcharge Depends upon Acquirer Bank. Name of Acquirer Bank is mentioned on Charge Slip

For example as per My experience

If POS terminal belongs to HDFC I am charged 1% of txn Amount as Surcharge.
If POS Terminal belongs to ICICI I am charged Rs.11.80(Minimum Surcharge) as Surcharge even for txn of Rs.100

In your Case Txn Amount is Rs.339.94 and Surcharge is Rs.11.8.

I use one card for fuel txns. ONE CARD reverses the full surcharge whether it is 1.18% or Rs.11.80. Additionally 1% cashback for fuel txns too.

 

[Farhad sekh]

Officially, Amount of Surcharge at petrol pump is Rs.10+GST or 1.18% of txn Amount which ever is higher.

Now Actual Surcharge Depends upon Acquirer Bank. Name of Acquirer Bank is mentioned on Charge Slip

For example as per My experience

If POS terminal belongs to HDFC I am charged 1% of txn Amount as Surcharge.
If POS Terminal belongs to ICICI I am charged Rs.11.80(Minimum Surcharge) as Surcharge even for txn of Rs.100

In your Case Txn Amount is Rs.339.94 and Surcharge is Rs.11.8.

I use one card for my fuel txns. ONE CARD reverses the full surcharge whether it is 1.18% or Rs.11.80. Additionally 1% cashback for fuel txns too.

Thanks for the exact info about surcharge

 

[srichaitanya]

Got LTF IOCL approved today. How to get the 500 rs cashback and 500 amazon voucher?

 

[bugmenot]

Got LTF IOCL approved today. How to get the 500 rs cashback and 500 amazon voucher?

See this post https://www.technofino.in/community/threads/axis-bank-indian-oil-credit-card-ltf.4031/post-78136

 

[srichaitanya]

See this post https://www.technofino.in/community/threads/axis-bank-indian-oil-credit-card-ltf.4031/post-78136

thanks