Mr. Vigyaan Kumar, Executive Director (Retail Sales); Mr. V. Satish Kumar, Executive Director ,Madhya Pradesh State Office, IndianOil; and Mr. Sanjeev Moghe, EVP & Head - Cards & Payments, Axis Bank, at the launch of IndianOil Axis Bank credit card
IndianOil launches co-branded credit card with Axis Bank
- Welcome benefit of INR 250 on fuel transactions
- Fuel Benefits - 20x accelerated reward points on fuel spends at IndianOil(IOCL) petrol pumps
- Waiver of fuel surcharge; 5x reward points (Flipkart, Amazon, BigBasket, etc.)
- 10% instant discount on movie ticket booked via BookMyShow app/portal
- Unmatched fuel benefits upto 53 ltrs annually
Indore, December 17, 2019: Indian Oil Corporation Limited has launched a co-branded credit card in partnership with Axis Bank, for customers who prefer cashless and hassle-free payment. This partnership is an effort from IndianOil and Axis Bank to expand their presence in the fast developing credit card ecosystem in India, with an aim to offer attractive rewards and benefits for the customers.
The new co-branded credit card will offer exciting offers to customers like cashback up to INR 250 on fuel spends within the first 30 days of card issuance, 20x accelerated reward points on fuel spend at IOCL outlets and waiver of fuel surcharge. Additionally, customers can avail benefits like 5x accelerated reward points on online shopping, 10% instant discount on movie ticket booking via BookMyShow, while also earning edge points for every spend.
Speaking on the occasion, Mr. Vigyan Kumar, Executive Director (Retail Sales), IndianOil, said, "IndianOil has been a pioneer in promoting cashless and digital transactions with more than 98% of our vast network of 27,000+ retail outlets capable of accepting Credit/Debit Card payments. The tie-up with Axis Bank for co-branded credit card will usher a relationship amongst the two commercial conglomerates, and enhance customer convenience in Tier-II and Tier-III cities. This initiative will promote digital payments, working towards the Government's vision of a Digital India."
Applauding the partnership, Mr. Sanjeev Moghe, EVP, Head Cards & Payments, Axis Bank commented "It's our Bank's constant endeavor to offer customers a value proposition specifically designed to cater to their changing needs and deliver greater convenience and more benefits. The co-branded card will offer exclusive benefits and rewards that will appeal to customers across India."
The card has been launched across IndianOil outlets in Ahmedabad, Lucknow, Kolkata and Visakhapatnam. The customer can use the card across all 27,000 IndianOil outlets pan India.
To read more about this card, please visit ( www.axisbank.com/iocl )
With a 33,000-plus work-force, extensive refining, distribution & marketing infrastructure and advanced R&D facilities, lndianOil has in the past six decades provided energy access to millions of people across the length and breadth of the country through its ever-expanding network of customer touch-points, currently numbering over 50,000. With a turnover of Rs. 6, 05,924 crores and a net profit of Rs. 16,894 crores for the fiscal 2018-19, IndianOil is one the largest and most trusted corporates in the country, touching the lives of over a billion Indians.
About Axis Bank
Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses. With its 4,284 domestic branches (including extension counters) and 12,191 ATMs across the country as on 30th September 2019, the network of Axis Bank spreads across 2,453 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services.
Sadhana Khera Mittal
Chief General Manager (Corporate Communications)
Indian Oil Corporation Limited