IndianOil Axis Bank Credit Card
The IndianOil Axis Bank Credit Card is a entry co-branded credit card from Axis Bank and IndianOil, with a joining fee of ₹500 + GST.
It earns up to 20 pts per ₹100 (≈3.6% value) on IndianOil spends in the form of edge reward points (points).
Welcome benefit: Up to 1,250 EDGE Reward Points (100% valueback on fuel)..
- Joining Fee₹500
- Annual Fee₹500
- Best Suited ForFuel
- Reward TypeEDGE Reward Points (points)
- 20 pts per ₹100 on indianoil fuel (cap 1000 points / monthly)
- 5 pts per ₹100 on online shopping
- Base 0.18% on other spends
- Up to 1,250 EDGE Reward Points (100% valueback on fuel).
Rewards and Benefits
- Travel savings — Instant savings of up to 15% on flights and hotels.
See the math — accelerations & caps
What you'd realistically keep — caps applied, channel premiums cut when you don't route through them, realized redemption value.
- Online shopping₹135/mo
You spend ₹15,000 · earns 0.9% = ₹135 uncapped
- Valued at realized redemption value
Base-rate spend
Non-accelerated spend, summarized at this card's base rate.
- Groceries₹8,000 · 0.2% = ₹14/mo
- Dining & food delivery₹8,000 · 0.2% = ₹14/mo
- Fuel₹4,000 · 0.2% = ₹7/mo
Fuel — earns base; accelerated rate needs booking via iocl
- Travel & hotels₹10,000 · 0.2% = ₹18/mo
- Utilities & bills₹5,000 · 0.0% = ₹0/mo
₹2,268 rewards − ₹500 annual fee. Estimate for the spend you entered.
Fees & Charges
Product Details
- Co-branded entry card by Axis Bank and IndianOil.
- Joining / annual fee of ₹500 + GST.
- Available on the RuPay network.
Pros & Cons
- Accelerated earn worth ≈3.6% on indianoil fuel.
- No annual-fee waiver option.
- Standard forex markup of 3.50% — suboptimal for international spend.
- No complimentary airport lounge access.
₹250 welcome benefit
- Up to 1,250 EDGE Reward Points (100% valueback on fuel).First fuel transaction within 30 days of card issuance.Window: 30 days from issuance.
Accelerated rewards
- 20 pts per ₹100 on indianoil fuel (cap 1000 points / monthly)Merchants: ioclFuel 20 pts/Rs100 capped ~1,000 pts/mo (Rs5,000 fuel spend; only Rs400-4,000 txns).
- 5 pts per ₹100 on online shopping1% value back on online shopping (5 EDGE Reward Points per ₹100).
Exclusions
The following spend categories earn no rewards on this card:
- wallet loads
- rent
- insurance premiums
- emi
- utilities
- education
- government
- jewellery
- cash advance
Fuel surcharge waiver
1.0% waiver on fuel transactions between ₹400 and ₹4,000, capped at ₹400 per monthly.
Other benefits
- Travel savings. Instant savings of up to 15% on flights and hotels.
Sources
- : www.axis.bank.in · retrieved 3 Jul 2026
Last verified 5 Jul 2026. Verify with the issuer before applying.
Eligibility
- Age
- 18–70
- Credit score
- 700+
- Income (salaried)
- ₹3,00,000 p.a.
- Income (self-employed)
- ₹3,00,000 p.a.
Primary cardholder 18-70 years; add-on cardholder over 15 years. Resident of India or NRI.