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.

 

[shashankverma]

Which is better Axis Rewards or Axis Indian Oil Premium?

 

[JimCarrey]

Your annual fee will remain the same and you can continue to enjoy your existing spend-based fee waiver limit, as is.

Just hoping this means LTF will remain LTF.

Even though I have written communication from citibank that mine is LTF, I hope axis honours the same. Otherwise will cancel.

 

[bigbyte]

4% cashback on Fuel on LTF card is good imho.

 

[vikyp]

How to redeem these edge miles/points for fuel at IOCL pumps? Converting to Xtrarewards is totally waste. There's gonna be a great amount of struggle to earn the righ value from these points earned.

Citi card was absolutely hassle free in terms of redemption. Just click ok and you are done. Axis is finicky and no one can tell when will they scrap all this and leave card users at the mercy of their whims and fancies.

 

[vikyp]

And the moment they say that existing LTF citi card holders will be charged renewal fees, I am cancelling the card. Mood swings of axis bank are intolerable.

 

[JimCarrey]

And the moment they say that existing LTF citi card holders will be charged renewal fees, I am cancelling the card. Mood swings of axis bank are intolerable.

Where are they saying this, please give some links or screenshots.

as per the email received:

Your annual fee will remain the same and you can continue to enjoy your existing spend-based fee waiver limit, as is.

My annual Fee is 0, it should remain same. Axis might convey it would be different, but did they yet?

 

[MJN]

Where are they saying this, please give some links or screenshots.

as per the email received:

My annual Fee is 0, it should remain same. Axis might convey it would be different, but did they yet?

Hi

I have citi IOCL LTF; I also got the email last night like you all

Check the screenshots
* I have an email from citi stating that my IOCL has no annual charges
* Now in the axis email it's mentioned that
Your annual fee will remain the same and you can continue to enjoy your existing spend-based fee waiver limit, as is.

What it means?

Note :

I also have
Axis IOCL LTF
Axis Flipkart LTF
Axis Airtel Paid

 

[ENIAC]

Not received any mails yet, perhaps the are sending in batches and yes LTF or not will have to watch out

 

[Gajakumar]

I got mail from axis bank. That my card would be changed to Indian Oil Axis Premium credit card.

My present Citi card has 1k charging as annual fee. It has around 250 reward points in that card. I mailed Citi Bank for convert to LTF. But they will transfer only 35% of my existing reward points.

Even though Indian oil axis premium card has more benifits i want to use it as LTF.

I am using Citi card since 2018. Will axis Bank consider my LTF request claiming me as goodwill customer in Citi bank??

 

[MJN]

I got mail from axis bank. That my card would be changed to Indian Oil Axis Premium credit card.

My present Citi card has 1k charging as annual fee. It has around 250 reward points in that card. I mailed Citi Bank for convert to LTF. But they will transfer only 35% of my existing reward points.

Even though Indian oil axis premium card has more benifits i want to use it as LTF.

I am using Citi card since 2018. Will axis Bank consider my LTF request claiming me as goodwill customer in Citi bank??

No.. it will be charged card only.. After migration,use the card extensively then u can request axis to convert into LTF.. But I don't think axis will convert;

 

[bigbyte]

The only benefit of new axis Indian oil card is 4% cb on Indian oil petrol pump. Other than that it is pretty useless card.

 

[brucelee]

The only benefit of new axis Indian oil card is 4% cb on Indian oil petrol pump. Other than that it is pretty useless card.

It's not a straight forward process for that 4% cb, I had to call citi customer care everytime I filled at their listed IOCL outlet for the correct points to be credited. I expect it to be worse with Axis, also the minimum redemption points is increased from 250 to 500 after the migration. Good luck dealing with Axis, I am going to cancel mine as it is not LTF.

 

[bigbyte]

I always had zero hassle points credit and redemption with Citibank. For more than 15 years I had this card, never had to call them once for points credit or redemption. Minimum points issue and It will be bad with axis, I agree on these points.

 

[MJN]

It's not a straight forward process for that 4% cb, I had to call citi customer care everytime I filled at their listed IOCL outlet for the correct points to be credited. I expect it to be worse with Axis, also the minimum redemption points is increased from 250 to 500 after the migration. Good luck dealing with Axis, I am going to cancel mine as it is not LTF.

I already have Axis IOCL LTF; Now my citi IOCL will be converted to Axis premium IOCL LTF;

I never had an issue with my current axis for points credit or redemption

 

[msankadi]

Bye Bye Indusind EazyDiner

Thanks for the info... I too got the same mail last night

I didn't understand why you are saying bye to EazyDiner though... Is there any benefit like that in new IOCL card I missed?

 

[wiizzard]

I have still not recieved any communication for this, are there others who hold a Citi card but haven't recieved the migration communication?

 

[nitishkumar5343]

Hi, I think we don’t need to worry much about redemption. I hold Axis Atlas where you also get Edge Miles which is valued at Rs 1.

In Axis rewards portal I can see that we can also redeem it for Amazon/Flipkart Vouchers. I hope the same applies to IOCL premium card and we can redeem it for Amazon vouchers. Then it will be a 4% returns with no hassle of redeeming at IOCL petrol pumps.

Attaching Screenshot of Axis Rewards Portal

 

[Xaos]

I always had zero hassle points credit and redemption with Citibank. For more than 15 years I had this card, never had to call them once for points credit or redemption. Minimum points issue and It will be bad with axis, I agree on these points.

Yes, I was using it without any issue for last 4 years but since last 6 months, fuel cashback and surchage waiver is very inconsistent.

 

[bigbyte]

Yes, I was using it without any issue for last 4 years but since last 6 months, fuel cashback and surchage waiver is very inconsistent.

Because of Axis migration.