Axis Bank and Indian Oil launch co-branded RuPay Contactless credit card

07 Jun , 2022 By : Divye Saini

NSE 0.55 %) in partnership with National Payments Corporation of India (NPCI), have launched co-branded contactless INDIANOIL AXIS BANK RuPay Credit Card.

The card offers 100?shback 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.”