CardAgent
Verified by CardAgent admin · last checked 08 Jul 2026
Axis Bank

Axis IndianOil Credit Card

21
Ranked #166 of 170 in credit
creditRuPayEntry-level fuel co-brand

Entry-level RuPay fuel co-brand with Indian Oil, offering ~4% value-back at IOCL pumps and 1% fuel surcharge waiver, aimed at daily commuters and frequent IOCL fuel spenders.

Score breakdown

Data completeness: 100% · Last verified: 09 Jul 2026

Reward value4/100 · weight 71%
≈ 0.18% effective on the standard basket (eligible spend only)
Wide-coverage rewards: +0.6% score bonus — earns broadly without narrow category restrictions.
Fee efficiency95/100 · weight 12%
Redemption flexibility75/100 · weight 9%
Perks3/100 · weight 9%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee
₹500 + 18% GST
= ₹590 total
Annual fee
₹500 + 18% GST
= ₹590 / year total
Waiver: Nil for year 1; from year 2, Rs 500 waived on annual spend threshold — sources conflict significantly: Rs 50,000 (multiple aggregators, most common figure), Rs 2 lakh (mymoneymantra), Rs 3.5 lakh (stablemoney, bankbazaar). Flagging for verification on Axis official T&C.
Forex markup
3.5%

Lounge access

Domestic (per year)
0
International (per year)
0

Reward structure

CategoryTypeRateCapNotes
fuelpoints0.80%(4 pts @ ₹0.20)₹5,000 / monthly20 EDGE points per Rs 100 at IOCL outlets only; capped at Rs 5,000/month eligible fuel spend
diningpoints0.25%(1 pts @ ₹0.25)——
travelpoints0.25%(1 pts @ ₹0.25)——
online_shoppingpoints0.20%(1 pts @ ₹0.20)—5 EDGE points per Rs 100 on online shopping
online_spendspoints0.25%(1 pts @ ₹0.25)——
groceriespoints0.25%(1 pts @ ₹0.25)——
all_spendspoints0.05%(0.2 pts @ ₹0.25)——

Welcome offer

100% of first fuel transaction as EDGE Reward Points (up to 1,250 points) on first fuel purchase at IOCL within 30 days of issuance

Milestone benefits

Pros

  • Strong 4% value-back at IOCL pumps (20 points/Rs100, capped Rs 5,000/month fuel spend), RuPay/UPI-linkable, low joining fee, first-year free

Cons

  • No lounge access at all (common aggregator error claims otherwise — verify), fee-waiver spend threshold unclear/conflicting across sources, Rs 99 redemption fee per request on EDGE platform, capped fuel earn

What's inside

More benefits

  • Movie ticket discount

    ₹100

    10% instant discount on BookMyShow movie tickets

    monthly. BookMyShow bookings

  • Dining discount

    Up to 20% off at partner restaurants

Insurance cover

text
₹NaN

Eligibility

text
Age 18-70 (add-on 15+), Indian resident or NRI, salaried with min monthly income ~Rs 20,000

Small print

Fuel surcharge:1% fuel surcharge waiver at IOCL outlets, transaction Rs 400-4,000, capped at ~Rs 50/statement cycle (GST on surcharge not refunded)