Axis Bank
IndianOil Axis Bank Credit Card
Data last verified: 11 October 2026
- Joining fee₹500 + GST
- Annual fee₹500 + GST
- Reward rate0.2% base, up to 1% on online shopping; 4% only at partner merchants
Takes you straight to the application. We earn a commission if you are approved, and you pay nothing extra.
- Joining fee₹500 + GST
- Annual fee₹500 + GST
- Fee waiverOn ₹3,50,000 spend a year
- Forex markup3.5%
- Interest (APR)3.75% a month, 45% a year
- Fuel surcharge waiver1%
- Fuel waiver cap₹50 a month
This card is built for fuel. You earn 20 EDGE points per Rs 100 at IndianOil stations, about 4% back, up to a monthly cap. Online shopping earns 5 points per Rs 100 with its own cap, and other spends earn very little. You get 1,250 points worth Rs 250 on joining.
The fee is ₹500 plus GST, waived at ₹3,50,000 annual spend. That is a high bar for a fuel card, so most users will pay the fee and should check that their fuel savings cover it.
It suits people who fill up at IndianOil and want to pay by UPI on a RuPay card. The catch is the roughly 0.2% return on everything outside fuel and online shopping.
Best for: Daily commuters, IndianOil fuel users, UPI payment users.
01IndianOil Axis Bank Credit Card Rewards and Benefits
02IndianOil Axis Bank Credit Card Annual Fee and Charges
- Joining fee
- ₹500 + GST
- Annual fee
- ₹500 + GST
- Spend-based waiver
- Annual fee waived on ₹3,50,000 spend in a year (rent and wallet loads not counted)
- Rewards redemption fee
- Nil
- Forex markup
- 3.5%
- Interest rate
- 3.75% a month (45% a year)
- Fuel surcharge waiver
- No
- Card replacement
- Not published
03What It's Worth, in Rupees
If you spend ₹20,000 a month on this card:
- ₹5,000 on online shopping, earning 1%₹50
- ₹15,000 on everything else, earning 0.2%₹30
- Back each month, ₹960 a year₹80
- Annual fee with 18% GST−₹590
- In your pocket each year₹370
Worked out from this card's reward rates, caps and fee in our data; a rate limited to named merchants is not counted here. Your own spending will differ: see what this card is worth at your spend.
Good for
- Fuel only at Indian Oil: 4% back, up to ₹200 a month
- Online shopping: 1% back, up to ₹50 a month
- Spending ₹29,167 or more a month: the ₹590 fee is waived
Skip it if…
- you spend less than ₹29,167 a month (₹3,50,000 a year, rent and wallet loads not counted): the ₹590 fee is then charged
- most of your spending is utility bills, rent, insurance or education: those earn nothing on this card
- you pay mostly by UPI: a Visa or Mastercard card cannot pay by UPI
- you rarely spend on Indian Oil: the 4% rate applies only there, everything else earns 0.2%
- you often pay in foreign currency: 3.5% is added to every foreign spend
- you sometimes pay only the minimum due: interest of 3.75% a month (45% a year) outweighs any reward
04Product Details
- Joining and annual fee: ₹500 plus GST
- Fee waived on ₹3,50,000 annual spend
- 20 EDGE points per ₹100 at IndianOil, capped monthly
- 5 EDGE points per ₹100 online, capped monthly
- 1,250 welcome points worth ₹250
- RuPay card that works with UPI
05Pros and Cons
Pros
- About 4% back on IndianOil fuel
- Works on UPI
- Welcome points worth ₹250
- Low fee
Cons
- About 0.2% back on other spends
- Fuel rewards capped monthly
- ₹3.5 lakh needed to waive the fee
- No lounge access
06How IndianOil Axis Bank Credit Card earns Rewards
0.2% base, up to 1% on online shopping; 4% only at partner merchants.
| Spend category | Rate | Monthly cap | Where it applies |
|---|---|---|---|
| UPI payments (scan and pay) | Earns nothing | - | a Visa or Mastercard card cannot pay by UPI |
| Online shopping | 1% | ₹50 | All merchants in the categoryTerms: 1% value back (5 EDGE points per ₹100) on online spends of ₹100 to 5,000 per transaction, up to ₹5,000 of eligible online spend a calendar month |
| Dining and food delivery | 0.2% | No cap | The card's normal rate |
| Groceries | 0.2% | No cap | The card's normal rate |
| Travel: flights, hotels, trains | 0.2% | No cap | The card's normal rate |
| Fuel | 0.2% | No cap | Anywhere else in the category |
| Fuel, only at listed merchants | 4% | ₹200 | Only at: Indian Oil (IOCL)Terms: 4% value back (20 EDGE points per ₹100) on IOCL fuel between ₹400 to 4,000, up to ₹5,000 eligible fuel spend a month |
| Bills and recharges | Earns nothing | - | earns nothing on this card |
| Rent | Earns nothing | - | earns nothing on this card |
| Insurance premiums | Earns nothing | - | earns nothing on this card |
| School and college fees | Earns nothing | - | earns nothing on this card |
| Wallet top-ups | Earns nothing | - | earns nothing on this card |
| Taxes and government payments | Earns nothing | - | earns nothing on this card |
| Spend abroad or in a foreign currency | 0.2% | No cap | The card's normal rate |
| Everything else | 0.2% | No cap | The card's normal rate |
Terms on the base rate. 1 EDGE point per ₹100 (~0.2%) on all other spends
Point value. 1 point is worth about ₹0.2 at the bank's stated value.
07IndianOil Axis Bank Credit Card Travel Benefits
Spending abroad carries a 3.5% forex markup; rewards on it: 0.2% back (the normal rate). See what it costs on your trip
08IndianOil Axis Bank Credit Card Eligibility and Documents
- Age
- 18 to 70 years
09Recent Changes
What Axis Bank changed on this card recently. The facts on this page already reflect them.
| Date | Change | Before | Now |
|---|---|---|---|
| 28 Aug 2026 | Reduced: Dynamic currency conversion markup more than doubles to 3.5%Source: Axis Bank | 1.5% + GST | 3.5% + GST |
| 28 Aug 2026 | Reduced: New top late-payment slab of Rs 1,300 above Rs 50,000Source: Axis Bank | ₹1,200 on any total payment due above ₹10,000 | ₹1,200 from ₹10,001 to ₹50,000; ₹1,300 above ₹50,000 |
| 28 Aug 2026 | Reduced: Tolls and road fees stop earning rewards; gift cards split into their own categorySource: Axis Bank | Bridge fees, road fees and tolls earned at the normal rate | No rewards or cashback on bridge fees, road fees and tolls |
| 20 Dec 2024 | Reduced: Portfolio-wide charges revision, EDGE fees introduced, finance charge standardisedSource: Axis Bank | No EDGE redemption or partner-conversion fee; 3.60% a month finance charge; DCC markup 1%; ₹100 branch cash payment; 1% rent surcharge capped at ₹1,500 per transaction | ₹99 per EDGE redemption and ₹199 per partner conversion; 3.75% a month finance charge; DCC markup 1.5%; ₹175 branch cash payment; 1% rent surcharge uncapped; new 1% fees on wallet loads over ₹10,000, fuel over ₹50,000 and utilities over ₹25,000 per statement cycle |
| 20 Apr 2024 | Reduced: Accelerated fuel earn narrowed and cappedSource: Axis Bank | Fuel txns ₹100 to ₹5,000 eligible; no explicit monthly points cap | Fuel txns ₹400 to ₹4,000 eligible; max 1,000 EDGE points/statement month |
See this card's change history → · All card changes in August 2026 →
10Cards Similar to IndianOil Axis Bank Credit Card
IndianOil Axis Bank Credit Card is a fuel card. The two below are the closest on SkyloFin; open any of them, or put them side by side.
| Feature | IndianOil Axis Bank Credit Card |  SBI BPCL Credit Card |  SBI BPCL Octane Credit Card |
|---|---|---|---|
| Joining fee | ₹500 + GST | ₹499 + GST | ₹1,499 + GST |
| Annual fee | ₹500 + GST | ₹499 + GST | ₹1,499 + GST |
| Rewards | 0.2% base, up to 1% on online shopping; 4% only at partner merchants | 0.25% base, up to 1.25% on dining; 3.25% only at partner merchants | 0.25% base, up to 2.5% on dining; 6.25% only at partner merchants |
| Domestic lounge | Not included | Not included | 4 visits a year |
| Forex markup | 3.5% | 3.5% | 3.5% |
| Type | Fuel | Fuel | Fuel |
11Explore More
Card facts last verified 11 October 2026.
Card data sourced via CardAdvisor.in, India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.
Never Miss Your IndianOil Axis Bank Credit Card Bill
The SkyloFin app reads your bank's bill SMS, reminds you before the due date and marks the bill paid when you pay. Free on Android, and your data stays on your phone.
Common Questions
Is the ₹500 fee waived?
Yes, when you spend ₹3,50,000 in a year.
How much do I earn on fuel?
20 EDGE points per ₹100 at IndianOil stations, about 4% back, up to a monthly cap.
Can I use it on UPI?
Yes, it is a RuPay card that can be linked to UPI.
Does it have lounge access?
No, this card has no lounge access.
What is the joining fee for the IndianOil Axis Bank Credit Card?
The joining fee is ₹500 + GST. Check the bank's page before you apply, because fees change and promotional waivers come and go.
What is the annual fee for the IndianOil Axis Bank Credit Card?
The annual fee is ₹500 + GST.
Does applying through SkyloFin cost more?
No. You pay the same fees you would pay applying directly with Axis Bank. We earn a commission from the bank when someone applies through our link, and that is how the site is funded.
SkyloFin is not a bank and does not approve applications. Fees, rewards and eligibility rules are set by the provider and can change without notice. Always read the terms on the provider's site before you apply.
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