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Home > Finance News > Indian Oil | RuPay | Credit Card : Axis Bank and Indian Oil launch co-branded RuPay Contactless credit card

Indian Oil | RuPay | Credit Card : Axis Bank and Indian Oil launch co-branded RuPay Contactless credit card


and Limited () in partnership with National Payments Corporation of India (NPCI), have launched co-branded contactless INDIANOIL AXIS BANK RuPay Credit Card.

The card offers 100% cashback up to Rs 250 on all fuel spends within the first 30 days of card issuance. It also offer waiver of 1% fuel surcharge on fuel spends between Rs 200 to Rs 5000.

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.

‘We have been continuously working on innovation-led partnership models to offer customers a value proposition specifically designed to cater to their changing needs and deliver greater convenience and more benefits,” said Sanjeev Moghe, President & Head, Cards and Payments, Axis Bank. “One of the most rewarding credit cards in its segment, the co-branded card will offer exclusive benefits and rewards that will appeal to customers across India.”

The credit card will also fetch users a 10% instant discount for movie tickets booked via BookMyShow website or app, 20% discount at partner restaurants, reward points worth 1% for every Rs 100 spent on online shopping, groceries, utility payments, and 1 reward point for every Rs 100 spent on all other expenses. There is also an additional feature of an annual fee waiver if the cardholder spends over Rs 50,000 in a year.

“With RuPay, we aim to offer innovative as well as customized benefits on the card backed by cutting-edge technology to provide a safe and rewarding experience to millions of customers,” said Praveena Rai, COO, NPCI. “Together through this strategic partnership, we will continue to work to make a difference in the lives of our customers.”



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