IndianOil Axis Bank Credit Card
Best for indianOil fuel buyers wanting a RuPay card. 4% value-back as EDGE points at IOCL outlets; 1% on online shopping; 1 point per Rs 100 elsewhere
Terms as of 2026-09-21 · Checked 28 September 2026IndianOil Axis Bank Credit Card at a glance
Who it suits: IndianOil fuel buyers wanting a RuPay card
Rewards & cashback
| Details | |
|---|---|
| How you earn | 4% value-back as EDGE points at IOCL outlets; 1% on online shopping; 1 point per Rs 100 elsewhere |
| Caps & exclusions | IOCL accelerated earn on up to Rs 5,000/month; online 1% on up to Rs 5,000/month |
| Welcome benefit | EDGE points equal to first fuel transaction within 30 days (max Rs 250) |
Yearly reward value at base rate
| Spend | Rewards (base rate) | Net of annual fee + GST |
|---|---|---|
| ₹1,20,000 / year | ₹240 | -₹350 |
| ₹3,00,000 / year | ₹600 | ₹10 |
| ₹6,00,000 / year | ₹1,200 | ₹1,200 |
| ₹12,00,000 / year | ₹2,400 | ₹2,400 |
Base rate only; accelerated categories raise the value, caps and excluded categories (rent, fuel, wallet, utilities etc. on many cards) lower it.
Travel, lounge & fuel benefits
| Benefit | Details |
|---|---|
| Airport lounge | None standard |
| Fuel surcharge | 1% waiver on Rs 400-4,000 transactions |
Fees & charges
| Charge | Amount |
|---|---|
| Joining fee | ₹500 + GST |
| Annual / renewal fee | ₹500 + GST |
| Fee waiver | Annual fee waived on Rs 3.5 lakh spend in previous year |
| Finance charge | Typically about 3.5%–3.75% per month on revolved balances (lower on some premium and secured cards) — see MITC |
| Cash withdrawal | Usually 2.5% (min ₹500) + interest from day one |
| Late payment | Slab-based, only if unpaid more than 3 days past due |
| GST | 18% on all fees and interest |
Is it worth it for you?
Eligibility & documents
| Criterion | Details |
|---|---|
| Age | 18-70 (card-specific) |
| Credit score | 750+ improves approval chances |
Similar cards
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| Scapia Federal Bank | Federal Bank | Free / Free | 2.00% base value | Travellers wanting zero forex and lifetime-free |
| Tata Neu Infinity HDFC Bank | HDFC Bank | ₹1,499 / ₹1,499 | 1.50% base value | Tata ecosystem shoppers (BigBasket, Croma, Tata CLiQ, Air India via N… |
| Amazon Pay ICICI Bank | ICICI Bank | Free / Free | 1.00% base value | Amazon Prime shoppers wanting a free, no-cap cashback card |
| Swiggy HDFC Bank | HDFC Bank | ₹500 / ₹500 | 1.00% base value | Heavy Swiggy/food-delivery users (note: HDFC also lists newer Swiggy … |
| Flipkart Axis Bank | Axis Bank | ₹500 / ₹500 | 1.00% base value | Flipkart and Myntra shoppers |
| Airtel Axis Bank | Axis Bank | ₹500 / ₹500 | 1.00% base value | Airtel postpaid/broadband/DTH users |
Frequently asked questions
What is the annual fee of the IndianOil Axis Bank Credit Card?
Joining fee ₹500 and annual fee ₹500 (plus 18% GST). Annual fee waived on Rs 3.5 lakh spend in previous year.
What rewards does it offer?
4% value-back as EDGE points at IOCL outlets; 1% on online shopping; 1 point per Rs 100 elsewhere Caps/exclusions: IOCL accelerated earn on up to Rs 5,000/month; online 1% on up to Rs 5,000/month
Does it give airport lounge access?
None standard
Is the IndianOil Axis Bank Credit Card good for me?
Best for: IndianOil fuel buyers wanting a RuPay card. Compare the net value after fees with how and where you actually spend — the calculator on this page helps.
Source: www.paisabazaar.com, 2026-09-21. Card benefits change frequently — confirm the latest Most Important Terms & Conditions (MITC) on Axis Bank’s website before applying. FinancePortal is not affiliated with the issuer.