Choosing the Perfect Fit: Comparing Indian Oil Axis Bank Credit Card and Axis Bank Aura Credit Card
Last Updated : June 7, 2023, 1:31 p.m.
Axis Bank is one of India’s leading private banks, offering various credit cards to suit different needs and preferences. Whether you want to enjoy cashback, rewards, travel benefits, shopping discounts or more, Axis Bank has a credit card for you. Among these numerous credit card options, the Indian Oil Axis Bank Credit Card and the Axis Bank Aura Credit Card are notable. The Indian Oil Axis Bank Credit Card is a good choice for people who spend a lot on fuel at IOCL outlets, while the Axis Bank Aura Credit Card is a good choice for people who spend a lot on medical charges.
Indian Oil Axis Bank Credit Card
If you are looking for a credit card to help you save money on fuel expenses, you might want to consider the Indian Oil Axis Bank Credit Card, which Axis Bank issues in collaboration with Indian Oil Corporation Limited (IOCL). This entry-level credit card comes with a nominal annual fee of Rs. 500 and requires a minimum income of Rs. 15,000 per month to maintain. You can apply for the card online or offline and enjoy the convenience and rewards of using it for your fuel and other transactions.
Main Features of Indian Oil Axis Bank Credit Card
- Welcome Benefit: Earn 100% cashback up to Rs. 250 on your first fuel transaction within 30 days of card issuance.
- Accelerated Reward Points: Earn 20 reward points per Rs. 100 spent on fuel at any IOCL outlet in India, equivalent to 4% value back. When you shop online, you can earn 5 reward points for every Rs. 100 spent, which is equivalent to getting 1% of your money back in value.
- Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on fuel transactions between Rs. 200 and Rs. 5000 at any fuel outlet in India, with a maximum waiver of Rs. 50 per statement cycle.
- Annual Fee Waiver: Get your annual fee of Rs. 500 waived off if you spend more than Rs. 50,000 in a year.
- Instant Discount on BookMyShow: Get up to 10% instant discount on your movie tickets booked via the BookMyShow app or website.
- Dining Delights: Indulge in delicious cuisines with up to 15% discount at over 4000 partner restaurants in India.
Axis Bank Aura Credit Card
If you are looking for a credit card to help you stay healthy and fit, check out the Axis Bank Aura Credit Card, designed for health and fitness. This card offers you a range of benefits that can enhance your well-being, such as free doctor consultations, free fitness sessions, discounts on health checkups and nutritional products, and more. The Axis Bank Aura Credit Card comes with an annual fee of Rs. 749, and you can earn reward points and enjoy other additional features.
Main Features of Axis Bank Aura Credit Card
- Welcome Voucher: As a welcome benefit, you will get a Decathlon voucher worth Rs. 750 that you can use online or at any Decathlon store.
- Free Doctor Consultation: This card makes you eligible to free video doctor calls on Practo up to a maximum of 4 per month.
- Free Fitness Sessions: This card makes you eligible to free interactive video sessions (max 4 per month) and recorded sessions (max 16 per month) on Fitternity.
- Discount on Health Checkup: You can get an annual discount of up to Rs. 500 on health checkups via IndushealthPlus by logging in to the official Axis Bank website.
- Other Health Benefits: You can get a minimum of a 30% discount on nutritional or diet consultations from renowned nutritionists and on nutritional foods by logging in to the official Axis Bank website.
- Reward Points: You can earn 2 reward points for every Rs. 200 spent on the card and 5 reward points for every Rs. 200 spent on insurance (maximum transaction amount capped at Rs. 10,000).
- Fuel Surcharge Waiver: You can save a 1% fuel surcharge on transactions between Rs. 400 and Rs. 4,000 at any fuel outlet in India (maximum benefit per statement cycle is Rs. 250).
- Dining Delights: Under the Axis Bank Dining Delights program, you can indulge in delectable cuisines with up to 20% discount at partner restaurants in India.
Conclusion
The Indian Oil Axis Bank Credit Card and the Axis Bank Aura Credit Card are designed to benefit different customer segments. If you are looking for savings on fuel expenses and want to earn reward points on other purchases, the Indian Oil Axis Bank Credit Card is a good option for you. On the other hand, if you are looking for discounts and benefits on health and fitness services and products, the Axis Bank Aura Credit Card is a good option for you. You can compare these two cards and choose the one that best suits your needs and lifestyle.
FAQs
1. What is a credit card Annual Fee?
To maintain your membership as a cardholder, the credit card issuer charges an Annual Fee that you must pay each year. The fee amount may vary based on the specific card and the benefits and rewards it provides.
2. What is a credit card Fuel Surcharge Waiver?
You might have to pay an additional fee when you purchase fuel using a credit card. However, a Fuel Surcharge Waiver refunds this extra fee back to you. This benefit is offered by several credit cards and not only refunds the extra fee but also lets you earn cashback or reward points.
3. What is a credit card Welcome Benefit?
When you sign up for a new credit card, banks may offer a welcome benefit to entice you to choose their card. These benefits often include extra points or cash back, but you’ll usually need to spend a certain amount within a specific time frame to qualify.
4. What are credit card Reward Points?
Banks offer Credit Card Reward Points as an incentive for using your credit card. These points can be earned with every purchase made and can later be redeemed for various items like gift vouchers, merchandise, and air miles. Collecting these points is a great way to get additional benefits from using your credit card.
