Axis Bank and Indian Oil C orporation Limited (IOCL), in partnership with National Payments Corporation of India (NPCI), have announced the launch of a co-branded contactless INDIANOIL AXIS BANK RuPay Credit Card.
Apart from a surcharge waiver at fuel outlets and cashback on fuel spends, the credit card comes with a host of other benefits on everyday transactions through accelerated reward points, instant discount on movie tickets, and dining delights at partner restaurants.
As an onboarding gift, users of this card will be entitled to 100% cashback up to Rs 250 on all fuel spends within the first 30 days of issuing of the card. It will also provide a surcharge waiver of 1% on fuel spends between Rs 200 to Rs 5,000 and reward points worth 4% for every Rs 100 spent on fuel at IndianOil fuel outlets.
The card also offers customers loyalty points on every Rs 100 spent with the card.
“Bettering our customer value propositions and experiences has always been a priority for us at IndianOil, and I am confident that this collaboration with AXIS BANK and RuPay will add value to our customer services. The on-the-go feature will help us unlock the digital potential among low-value transactions in the 2 and 3 wheelers segment,” said V Satish Kumar, Director (Marketing), IndianOil.