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Credit Cards · India

IndianOil Axis Bank Credit Card

Updated 3 Jul 2026Source-linked

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 (≈4.0% 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)..

Axis Bank logo
IndianOil Axis Bank Credit Card
RuPay logo
  • Joining Fee₹500
  • Annual Fee₹500
  • Best Suited ForFuel
  • Reward TypeEDGE Reward Points (points)
Rewards Rate
  • 20 pts per ₹100 on indianoil fuel
  • 5 pts per ₹100 on online shopping
  • Base 0.20% on other spends
Welcome Benefits
  • Up to 1,250 EDGE Reward Points (100% valueback on fuel).
Axis Bank logoAxisRuPay logoentryCo-brand · IndianOil ↗
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Rewards and Benefits

Rewards Rate
20 pts per ₹100 on indianoil fuel
5 pts per ₹100 on online shopping
Base 0.20% on other spends.
Reward Redemption
IndianOil XtraRewards: Redeem at ₹0.2 per unit.
Welcome Benefits
Up to 1,250 EDGE Reward Points (100% valueback on fuel).
Milestone Rewards
N/A
Domestic Lounge Access
N/A
International Lounge Access
N/A
Travel
N/A
Movie & Dining
DISCOUNT on BookMyShow
Golf
N/A
Insurance Benefits
N/A
Other Benefits
  • Travel savings — Instant savings of up to 15% on flights and hotels.

Fees & Charges

Spend-Based Waiver
Not waivable
Rewards Redemption Fee
N/A
Foreign Currency Markup
3.50%
Interest Rates
3.75% per month (45.0% annualised)
Fuel Surcharge Waiver
1.0% waiver on transactions between ₹400 and ₹4,000, capped at ₹400 per monthly.
Cash Advance Charges
2.5% or ₹500 (whichever is higher)

Product Details

  • Co-branded entry card by Axis Bank and IndianOil.
  • Joining / annual fee of ₹500 + GST.
  • Available on the RuPay network.

Pros & Cons

Pros
  • Accelerated earn worth ≈4.0% on indianoil fuel.
Cons
  • No annual-fee waiver option.
  • Standard forex markup of 3.50% — suboptimal for international spend.
  • No complimentary airport lounge access.
Pros & cons are heuristically derived from the card's fees, rewards and benefits. Not editorial opinion.

₹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
    Merchants: iocl
    4% value back on fuel at any IOCL outlet in India (20 EDGE Reward Points per ₹100).
  • 5 pts per ₹100 on online shopping
    1% 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

Last verified 3 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.

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