Axis Bank
IndianOil Axis Bank Premium Credit Card
Data last verified: 24 October 2026
- Joining fee₹1,000 + GST
- Annual fee₹1,000 + GST
- Reward rate0.67% base, up to 1.33% on groceries; 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₹1,000 + GST
- Annual fee₹1,000 + GST
- Fee waiverOn ₹30,000 spend a year
- Forex markup3.5%
- Interest (APR)3.75% a month, 45% a year
- Fuel surcharge waiver1%
01IndianOil Axis Bank Premium Credit Card Rewards and Benefits
02IndianOil Axis Bank Premium Credit Card Annual Fee and Charges
- Joining fee
- ₹1,000 + GST
- Annual fee
- ₹1,000 + GST
- Spend-based waiver
- Annual fee waived on ₹30,000 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
- Yes
- Card replacement
- Not published
03What It's Worth, in Rupees
If you spend ₹20,000 a month on this card:
- ₹5,000 on groceries, earning 1.33% capped₹66
- ₹15,000 on everything else, earning 0.67%₹101
- Back each month, ₹2,004 a year₹167
- Annual fee with 18% GST (waived at this spend)₹0
- In your pocket each year₹2,004
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 ₹600 a month
- Groceries: 1.33% back, up to ₹66 a month
- Spending ₹2,500 or more a month: the ₹1,180 fee is waived
- Flyers: 8 airport lounge visits a year
Skip it if…
- you spend less than ₹2,500 a month (₹30,000 a year, rent and wallet loads not counted): the ₹1,180 fee is then charged
- most of your spending is rent, wallet top-ups or government payments: 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 0.67%
- 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
04How IndianOil Axis Bank Premium Credit Card earns Rewards
0.67% base, up to 1.33% on groceries; 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 | 0.67% | No cap | The card's normal rate |
| Dining and food delivery | 0.67% | No cap | The card's normal rate |
| Groceries | 1.33% | ₹66 | All merchants in the categoryTerms: 2 EDGE Miles per ₹150 (~1.3%) on grocery and supermarket spends, up to ₹5,000 a month |
| Travel: flights, hotels, trains | 0.67% | No cap | The card's normal rate |
| Fuel | 0.67% | No cap | Anywhere else in the category |
| Fuel, only at listed merchants | 4% | ₹600 | Only at: Indian Oil (IOCL)Terms: 6 EDGE Miles per ₹150 (~4% value) on IndianOil fuel, up to 600 Miles (~₹15,000 fuel) a month; ~₹1 per Mile on IOCL fuel redemption |
| Bills and recharges | 0.67% | No cap | The card's normal rate |
| Rent | Earns nothing | - | earns nothing on this card |
| Insurance premiums | 0.67% | No cap | The card's normal rate |
| School and college fees | 0.67% | No cap | The card's normal rate |
| 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 | 0.67% | No cap | The card's normal rate |
| Everything else | 0.67% | No cap | The card's normal rate |
Terms on the base rate. 1 EDGE Mile per ₹150 (~0.67%) on all other eligible spends
05IndianOil Axis Bank Premium Credit Card Lounge Access and Travel
Domestic lounge access is 8 visits a year. Spend Rs 50,000 in the previous quarter for domestic lounge access. Spending abroad carries a 3.5% forex markup; rewards on it: 0.67% back (the normal rate). See what it costs on your trip
Also on the card. fuel surcharge waiver, airport lounge access.
- Fuel surcharge waiver: 1% fuel surcharge waiver on IndianOil fuel transactions (₹400 to 4,000)
- Airport lounge access: Up to 8 complimentary domestic lounge visits a year (2 per quarter), unlocked by ₹50,000 of spend in the previous quarter
06IndianOil Axis Bank Premium Credit Card Eligibility and Documents
- Age
- 18 to 70 years
- Employment
- Salaried or self-employed
Documents. PAN card Aadhaar / valid address proof Latest 3 months bank statement Income proof, salary slips (salaried) or ITR (self-employed) Recent passport-size photograph
07Recent Changes
What Axis Bank changed on this card recently. The facts on this page already reflect them.
| Date | Change | Before | Now |
|---|---|---|---|
| 22 Sept 2026 | Changed: Accor ALL returns as a transfer partner, in Group ASource: Axis Bank | Accor ALL unavailable since 2 April 2026 | Accor ALL back, in Group A |
| 22 Sept 2026 | Changed: Cathay Asia Miles, Lufthansa Miles & More and Hilton Honors addedSource: Axis Bank | None of the three available | Asia Miles in Group A; Miles & More and Hilton Honors in Group B |
| 22 Sept 2026 | Reduced: Club ITC removed as a transfer partnerSource: Axis Bank | Club ITC available | Club ITC removed |
| 22 Sept 2026 | Reduced: Flying Blue, Air India and Qantas moved into the smaller Group A transfer capSource: Axis Bank | Group B (the larger annual transfer allowance) | Group A (a quarter of the Group B allowance); ratios unchanged |
| 28 Aug 2026 | Reduced: Dynamic currency conversion markup more than doubles to 3.5%Source: Axis Bank | 1.5% + GST | 3.5% + GST |
See this card's change history → · All card changes in September 2026 →
08Cards Similar to IndianOil Axis Bank Premium Credit Card
IndianOil Axis Bank Premium 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 Premium Credit Card |  SBI BPCL Credit Card |  SBI BPCL Octane Credit Card |
|---|---|---|---|
| Joining fee | ₹1,000 + GST | ₹499 + GST | ₹1,499 + GST |
| Annual fee | ₹1,000 + GST | ₹499 + GST | ₹1,499 + GST |
| Rewards | 0.67% base, up to 1.33% on groceries; 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 | 8 visits a year | Not included | 4 visits a year |
| Forex markup | 3.5% | 3.5% | 3.5% |
| Type | Fuel | Fuel | Fuel |
09Explore More
Card facts last verified 24 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 Premium 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
What is the joining fee for the IndianOil Axis Bank Premium Credit Card?
The joining fee is ₹1,000 + 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 Premium Credit Card?
The annual fee is ₹1,000 + GST.
Does the IndianOil Axis Bank Premium Credit Card give airport lounge access?
Yes. Domestic lounge access is 8 visits a year. Check the bank's page for the current rules, because lounge programmes change.
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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