IndianOil Axis Bank Premium Credit Card
Updated 15 Apr 2026Source-linked
The IndianOil Axis Bank Premium 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 4% back on IndianOil spends in the form of edge reward points (points).
IndianOil Axis Bank Premium Credit Card
- Joining Fee₹500
- Annual Fee₹500
- Best Suited ForFuel
- Reward TypeEDGE Reward Points (points)
Rewards Rate
- 4% on indianoil fuel (cap 100 cashback inr / monthly)
- 2% on online spend (cap 100 cashback inr / monthly)
- Base 1.00% on other spends
Welcome Benefits
- Not applicable
Rewards and Benefits
Rewards Rate
4% on indianoil fuel (cap 100 cashback inr / monthly)
2% on online spend (cap 100 cashback inr / monthly)
Base 1.00% on other spends.
Reward Redemption
IndianOil XtraRewards: Redeem at ₹1 per unit.
Welcome Benefits
N/A
Milestone Rewards
N/A
Domestic Lounge Access
N/A
International Lounge Access
N/A
Travel
N/A
Movie & Dining
N/A
Golf
N/A
Insurance Benefits
N/A
Other Benefits
N/A
Fees & Charges
Spend-Based Waiver
₹50,000 in the preceding year
Rewards Redemption Fee
N/A
Foreign Currency Markup
3.50%
Interest Rates
3.60% per month (43.2% annualised)
Fuel Surcharge Waiver
1.0% waiver on transactions between ₹200 and ₹5,000, capped at ₹50 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, waived on annual spends of ₹50,000.
- Available on the RuPay network.
Pros & Cons
Pros
- Annual fee waivable on ₹50,000 spend.
Cons
- Standard forex markup of 3.50% — suboptimal for international spend.
- No complimentary airport lounge access.
Accelerated rewards
- 4% on indianoil fuel (cap 100 cashback inr / monthly)Merchants: indianoil-fuel-stations4% value back at IOC outlets (plus fuel-surcharge waiver).
- 2% on online spend (cap 100 cashback inr / monthly)
Exclusions
The following spend categories earn no rewards on this card:
- wallet loads
- rent
- insurance premiums
- emi
Fuel surcharge waiver
1.0% waiver on fuel transactions between ₹200 and ₹5,000, capped at ₹50 per monthly.
Sources
- : www.axisbank.com · retrieved 15 Apr 2026
Last verified 15 Apr 2026. Verify with the issuer before applying.
Eligibility
- Age
- 18–70
- Credit score
- 720+
- Income (salaried)
- ₹3,00,000 p.a.
- Income (self-employed)
- ₹3,00,000 p.a.