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Revaluation Indian Oil Axis Bank Premium Credit Card Announced

shashankverma

TF Premier
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

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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.
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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.
 

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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
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
How did you redeem your points in axis iocl card bhai ? In what form Amazon Gv ? What is rp to gv value ratio ?
 
How did you redeem your points in axis iocl card bhai ? In what form Amazon Gv ? What is rp to gv value ratio ?
I am getting 20 RP per Rs 100 fuel transaction on IOCL pumps;

I will redeem in axis reward portal against Amazon pay gift card ( Rs 2000 gift card for 10000 RP)

So 4% reward for fuel purchase at any IOCL
 
I am getting 20 RP per Rs 100 fuel transaction on IOCL pumps;

I will redeem in axis reward portal against Amazon pay gift card ( Rs 2000 gift card for 10000 RP)

So 4% reward for fuel purchase at any IOCL
Unless we run a taxi, it would take more than a year to spend 50k on fuel to get those 10000 RP to redeem. What a nonsense by Axis.
 
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.
Why waste ? I work at Indian Oil corporation ..... Xtra rewads can be directly converted to fuel
 
Go to petrol pump , ask the attendant to enter the mobile number in ICICI / ONGO POS available at RO. then if your refuelling value is less than or equal to the value of XR points , redeem option will appear in POS.
 
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