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LoansJagat Team
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9 Minute
28 Feb 2025
Citibank Indian Oil Credit Card 2025 – Updated Quick Guide
Rajesh, an IT professional with a monthly salary of ₹50,000, recently started using the Citibank Indian Oil Credit Card. He uses it for fuel purchases, groceries, and other expenses to earn rewards and save on his monthly spending.
Rajesh's Monthly Expenses and Card Usage:
Expense Type | Amount (INR) | Card Usage Details |
Rent | ₹15,000 | Paid via bank transfer, no credit card usage. |
Utilities | ₹2,500 | Paid via online methods, not through credit card. |
Groceries | ₹5,000 | ₹5,000 spent using the credit card, earning 50 reward points. |
Dining | ₹3,000 | ₹3,000 spent on dining, earning 30 reward points. |
Fuel | ₹6,000 | ₹6,000 spent at Indian Oil, earning 160 reward points and ₹150 surcharge waiver. |
Loan Repayment | ₹5,000 | Paid via bank transfer, no credit card usage. |
Miscellaneous | ₹2,000 | ₹2,000 spent using the credit card, earning 20 reward points. |
Total | ₹38,500 | ₹16,000 spent using the card, earning 260 reward points. |
Benefits of Using Citibank Indian Oil Credit Card
- Fuel Surcharge Waiver: ₹150 saved on ₹6,000 fuel purchase.
- Reward Points: Rajesh earns 260 reward points worth ₹260 (₹1 per point).
Rajesh saved ₹410 (₹150 surcharge waiver + ₹260 from rewards) by using his Citibank Indian Oil Credit Card for fuel, groceries, dining, and miscellaneous expenses. This helped him reduce his monthly expenses effectively.
Citibank-Indian Oil Credit Card – Overview
Citibank Indian Oil Credit is a credit card designed explicitly for fuel-related benefits and rewards. This card is for those people who want to optimise their daily fuel purchases and want additional rewards and benefits.
Some popular features of this card are a fuel surcharge waiver, rewards points on every purchase, and extra discounts on shopping on a vast network of Axis Bank. This credit card gives you rewards on online and offline purchases, which you can redeem on your future transactions.
The Citibank Indian Oil Credit Card is exclusively available for Indian residents and gives them high cashback benefits and rewards at fuel stations. Customers get significant savings on fuel and diesel with the help of this card. Additionally, they get travel and shopping benefits.
Features and benefits of Citibank Indian Oil Credit Card
Features and Benefits | Description |
Welcome benefit | Get up to 1250 EDGE REWARD points on your first fuel transactions with your Citibank Indian Oil Credit within the first 30 days of card issuance. |
Accelerated Reward points at any IOCL fuel outlets | Enjoy the benefit of 4% value back on fuel transactions by earning 20 reward points per ₹100 spent at any IOCL fuel outlet in India. Transact in India at the IOCL fuel outlet between ₹400 and ₹4,000 to avail of the offer. Maximum eligible spends per calendar month: ₹5,000 Only applicable for fuel. |
Accelerated reward points for online shopping | Enjoy the benefit of 1% value back on online shopping by earning 5 reward points per ₹ spent. Transact at online merchants between ₹100 and ₹5,000 to avail of the offer. Maximum eligible spends per calendar month: ₹5,000 |
Fuel Surcharge Waiver | Free yourself from paying a fuel surcharge waiver of 1% Fuel spends in India at any fuel outlet between ₹400 and ₹4,000 to avail of the offer. Maximum waiver of ₹50 per statement cycle. GST charge on fuel surcharge is non-refundable. Only applicable for fuel |
Spend-Based waiver | Spend more than ₹3,50,000 in a card anniversary year, and you will be eligible for an annual fee waiver. Rent transactions and wallet transactions will not be considered for waiver. All EMI transactions, cash withdrawals, fees, charges & GST, insurance, spends, Temporary credit card, and reversal of temporary credit for a disputed transaction will not be considered for waiver. |
Instant discount on BookMyShow | Get an instant discount of up to 10% on your movie ticket booking via the BookMyShow app or website. You must apply the necessary offer from the offers section of the BookMyShow app or website. |
Earn EDGE Reward loyalty points | Earn 1 EDGE REWARD point on ₹100 spent with your credit card. For options to redeem your points, check the eDGE loyalty rewards Catalogue. Spends on insurance, Gold/jewelry, wallet, rent,utilitiesGovernment institutions, and Education will not be eligible for earning EDGE REWARDS |
Dining Delights | Indulge in delectable cuisines with Axis Bank dinging delights, which offer up to a 15% discount at our partner restaurants in India via EazyDinner. Offer details : 15% off up to ₹500 Minimum order value ₹2,500 valid once per card per month for max benefits up to ₹500 |
Wednesday Delight | Beat the mid-week blues with the exciting offers every Wednesday Instant savings of up to 15% on flights and flights via Goibibo and MakeMyTrip 10% off on orders via Swiggy and Amazon Fresh 10% off up to ₹1,000 on Tira |
Citibank Indian Oil Credit Card Fees
Description | Charges |
Joining fee | ₹500 |
Annual fee | 1st year-Nil 2nd year onwards-₹500 |
Add on card joining fee | Nil |
Add on card annual fee | Nil |
Card replacement fee | Nil |
Cash payment fee | ₹175 |
Duplicate statement fee | Waived |
Charge slip retrieval free Or copy request fee | Waived |
Outstation cheque fee | Waived |
Mobile alerts for transactions | Free |
Holistic charges | Nil |
Balance inquiry charges | Waived |
Finance charges (Retail purchases and cash) | 3.75% per month (55.55% per annum) |
Cash withdrawal fees | 2.5% (minimum ₹500) of the cash amount |
Overdue penalty or late payment fees | Nil if total payment < ₹500 ₹500 if the total payment due is between ₹501 and ₹5,000. ₹750 if the total payment due is between ₹5,001 and ₹10,000. ₹1,200 if the total payment fee > ₹10,000 Additional ₹ is charged if the Minimum Amount Due is not paid for two consecutive cycles and will apply until it is not cleared. |
Over-limit penalty | 2.5% of the over-limit amount (Min. ₹500) |
Cheque return or Dishonor fee or Auto Debit Reversal | 2% of the payment amount is subject to a minimum of ₹500, with No maximum cap on the fee |
Surcharge on purchase or Cancelation of railway tickets | As prescribed by IRCTC |
Foreign currency transaction fee | 3.5% of the transaction value |
GST | As per existing government norms |
Reward redemption fee | ₹99 per transaction on the EDGE rewards platform |
Rent transaction fee | 1% plus taxes |
Dynamic currency conversion markup | 1% plus taxes |
Eligibility to Apply for Citibank Indian Oil Credit Card
- The individual should either be a resident of India or a non-resident Indian
- Primary cardholders should be 18-70 years of age
- Add-on cardholders should be over 15 years
Documentation Required to Apply for Citibank Indian Oil Credit Card
These required documents are necessary to process your credit card application and to examine your proof of address and salary. Two types of applicants avail themselves of the Bank of Baroda’s Premier Credit Card: Salaried Employees and self-employed individuals.
The following table enumerates the required documents for both salaried employees and self-employed:
Documents needed for salaried employees and self-employed | PAN Card photocopy or Form 60 Proof of Income-Latest pay slip/Form 16/It Return Residence Proof: Driving license/Electricity bill/Landline telephone bill |
Note :- This list of documents required can vary on a case-to-case basis
How to Apply for the Citibank India Oil Credit Card Online?
Step 1: Go to the official website of Axis Bank. You will see an option to “explore products” in the navigation bar.
Step 2: In the navigation bar, you will see an option to “explore products.”Hover on exploring products; you will see ”cards” on the left side.
Step 3: Hover on cards; you will see “credit cards” on the right-hand side. Click on “credit cards” option
Step 4: You will be directed to a new page after clicking. Scroll down. You will find a heading, “Explore our wide range of credit cards.”
Step 5: You will see the Indian Oil Axis Bank Credit Card under this heading. Click on the “Apply now” button.
Step 6: You will be redirected to a new tab after clicking. Click “yes” if you are an existing customer; otherwise, click “no.”
Step 7: If you click yes, you will get two options: mobile number and customer ID. If you click no, you will not get the customer ID option. You have to do your KYC.
Step 8: Enter the details (mobile number, date of birth, annual income, PAN card). After entering the CAPTCHA, click on the “next” button.
Step 9: After clicking next, an OTP will be sent to the mobile number you entered. Enter the OTP. Mark the terms and conditions.
Step 10: After clicking submit, you have to fill in the details they asked for after filling in all the details. Click the checkbox and click on the ”next” button.
Step 11: Fill out all the details and click the following button. After clicking next, you will be shown credit cards according to your eligibility criteria.
Step 12: Select the card that is best suited for you. After clicking on the desired card, click “submit.”After a few minutes, you will see a thank-you interface.
Step 13: On that interface, you will see the application reference number; just take a screenshot or keep that number, which will help you to track your credit card information.
How to Apply for the Citibank India Oil Credit Card Offline?
Step 1: Visit the nearest branch of the Axis Bank
Step 2: Request a credit card application form. Select the Indian Oil Credit Card option; Axia Bank offers many credit cards.
Step 3: Furnish your details correctly and enclose all the necessary KYC documents.
Conclusion
The IndianOil Axis Bank Credit Card is an excellent option for individuals who frequently purchase fuel and want to maximise their savings and rewards. Offering accelerated reward points on fuel purchases at IndianOil stations and a 1% fuel surcharge waiver makes it an excellent choice for regular fuel users.
The card also provides reward points on other spending categories, like dining, groceries, and utilities, allowing cardholders to earn points across different purchases. While the card’s annual fee is NIL for the first year, it may not offer as broad a range of benefits as other premium credit cards.
This card offers substantial value for those who prioritise fuel savings and rewards.
FAQ’s Related to Citibank India Oil Credit Card
1. How can I earn Indian Oil Points with the Indian Oil Axis Bank Credit Card?
You can earn Indian Oil Points on every purchase made using the Indian Oil Axis Bank Credit Card. For regular purchases, you earn 5 points per ₹100 spent, while for fuel purchases at Indian Oil outlets, you earn 20 points per ₹100 spent.
2. What are the benefits of using the Indian Oil Axis Bank Credit Card for fuel purchases?
One of the key benefits of this card is the significant reward points for fuel purchases at Indian Oil stations. You earn 20 reward points for every ₹100 spent on fuel purchases.
3. What is the annual fee for the Indian Oil Axis Bank Credit Card, and are there any waivers?
The annual fee for the Indian Oil Axis Bank Credit Card is typically around ₹500. However, the fee can be waived if you spend a specified amount on the card within the first few months of card issuance or annually.
Other Credit Cards | |||
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LoansJagat Team
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