Revaluation Indian Oil Axis Bank Premium Credit Card Announced

[shashankverma]

Axis is converting Citi Indian Oil Credit Card to Indian Oil Axis Bank Premium Credit Card
Full Feature details can be found here
https://www.axisbank.com/retail/cards/credit-card/indianoil-premium-credit-card
AXISIOCL can be applied on Zomato for 30% off on orders above 200 (Max 150 discount)
2 Lounge access per quarter without any spend requirements.
Axis card will be LTF for Citi LTF holders
For the rest, waiver requirement remains 30k

Post the migration, you will enjoy a combined credit limit across all your Citi-branded Credit Card(s) and Axis Bank Credit Card(s). Click here to know more.​

Refer to attached PDF
"Annual fee of INR 1000 and the spends based fee waiver eligibility is not applicable to customers who have been swapped / migrated to IndianOil Axis Bank Premium from another credit card prior to 31st Jul 2024. In case your card has been swapped / migrated to the IndiaOil Axis Bank Premium credit card prior to 31st July 2024 please refer to communication shared on your registered contact details at the time of your swap / migration"

EazyDiner discount once a month.


Reward points reflects as Miles on Axis Mobile app.
Redemption is 1:1, just click on redemption link in sms that you receive after making payment, every mile point is worth Rs 1 and 0 redemption fee. It takes 1 min to credit the redeemed amount against CC outstanding.

 

[msd07]

6 reward points per 150 translates to 4% savings if those points are used to fill fuel at IOCL.

but only 1% surcharge is refunded back...

 

[shashankverma]

are points being credited at al IndianOil outlets for all machines? Also, the reward rate is 6 rewards for Rs 150, which seems to be about 1%? Earlier it was about 3% with Citi IndianOil card.

I think you got confused because Axis offers 2 types of Edge Rewards.
For most cards it offers points which has lower value like you said but for Indian Oil card it Rewards you Miles which is 1:1

 

[shashankverma]

but only 1% surcharge is refunded back...

Fuel surcharge is only 1%
Why would they refund more? 0.18% Tax is non refundable

 

[card_007]

Please also answer whether the IO Premium card can be used at all IO outlets on any machine to earn 6x rewards? Or we need to find outlets listed on their sheet and also ask them to use specific machines only?
I guess the redemption is via SMS to primary cardholder's number after filling fuel?

 

[msd07]

Fuel surcharge is only 1%
Why would they refund more? 0.18% Tax is non refundable

its actually not fixed i guess....
i got charged with 511.8 for 500rs petrol and then only 5.06 refunded back....

 

[shashankverma]

its actually not fixed i guess....
i got charged with 511.8 for 500rs petrol and then only 5.06 refunded back....

It’s correct only
1% + 18% GST = 1.18% OR 10 + 18% GST = 11.8 Rs
whichever is higher.

 

[harshgupta940]

Please also answer whether the IO Premium card can be used at all IO outlets on any machine to earn 6x rewards? Or we need to find outlets listed on their sheet and also ask them to use specific machines only?
I guess the redemption is via SMS to primary cardholder's number after filling fuel?

Unlike Citi Axis allows all IOCL outlets. For list it redirects to IOCL official website means all IOCL outlets are eligible for 4%

 

[shashankverma]

Please also answer whether the IO Premium card can be used at all IO outlets on any machine to earn 6x rewards? Or we need to find outlets listed on their sheet and also ask them to use specific machines only?
I guess the redemption is via SMS to primary cardholder's number after filling fuel?

All Indian oil outlets that have Indian Oil logo on POS screen.
You should not swipe on Paytm machine if you want RP
Always swipe on Icici or Fiserv POS for RPs

 

[msd07]

It’s correct only
1% + 18% GST = 1.18% OR 10 + 18% GST = 11.8 Rs
whichever is higher.

i wasnt aware this 10rs thing...

 

[shashankverma]

i wasnt aware this 10rs thing...

That’s minimum Surcharge value

 

[card_007]

Unlike Citi Axis allows all IOCL outlets. For list it redirects to IOCL official website means all IOCL outlets are eligible for 4%

These are the official files from Axis with eligible IOCL list which seems big 256 pages with almost 45-50 stations on each page!

 

[harshgupta940]

These are the official files from Axis with eligible IOCL list which seems big 256 pages with almost 45-50 stations on each page!

They must be all the iocl official pumps. No need to worry you will get 4% mostly. Unless the pump owner is using some other non IOCL affiliated pos

 

[bigbyte]

Today I filled petrol from iocl pump. The girl who filled petrol in my car, moment she saw iocl card she went and fetched another machine.