IndianOil Axis Bank Credit Card
Updated on August 25, 2026
🎖️Reward Rate
Base Rewards: 1 EDGE Reward Point per ₹100 (1 EDGE Reward Point per ₹100 on retail transactions)
Overview
IndianOil Axis Bank Credit Card by Axis Bank provides premium value tailored for Fuel Co-brand cardholders.
Rewards
Reward Type
Reward Points
Reward Rate
- • Base Rewards: 1 EDGE Reward Point per ₹100 (1 EDGE Reward Point per ₹100 on retail transactions)
- • Accelerated Rewards: 20 EDGE Reward Points per ₹100 spent (4% value back) at IOCL petrol stations across India + 1% fuel surcharge waiver (total 5% savings). 5 EDGE Reward Points per ₹100 on online shopping.
- • Excluded Categories: Non-IOCL fuel pumps, Wallet loads
Welcome Benefit
100% cashback up to ₹250 on first fuel transaction at IOCL within 30 days of card issuance; Qualification Criteria: Fuel transaction at IOCL within 30 days; Fulfillment Timeline: 30 days post transaction
Milestone Benefit
Spend ₹50,000 (Annual): Annual renewal fee waiver of ₹500; Annual Fee Waiver: Spend ₹50,000 or more in preceding 12 months for annual fee waiver
Redemption
- • Instant fuel redemption at IndianOil petrol pumps at 1 RP = ₹0.20
- • EDGE Rewards gift voucher catalog
Benefits
- Fuel Surcharge Waiver: 1% (Max waiver ₹50 per transaction at IOCL outlets (₹400 to ₹4,000))
- 10% Discount on BookMyShow: 10% discount on movie tickets booked via BookMyShow app (up to ₹100/month). (Monthly limit ₹100) [Partners: BookMyShow]
Things to Know Before you apply
IndianOil Axis Bank Credit Card Eligibility Criteria
- Age: 18–70 years
- Salaried min ₹15,000/month; Self-employed min ITR ₹2,50,000 p.a.
- Salaried & Self-Employed Individuals
- Resident Indian
Fees & Charges
| Particulars | Amount |
|---|---|
| Joining Fee | ₹500 |
| Annual Fee | ₹500 |
| Foreign Currency Mark-up Fee | 3.5% |
| Cash Advance Fee | 2.5% (min ₹500) |
Fee waiver: Spend ₹50,000 or more in preceding 12 months for annual fee waiver
PaisaSimple Review
Overall Rating
4.9/5What do we like about this card?
IndianOil Axis Bank Credit Card issued by Axis Bank is one of India's leading credit cards for Fuel Co-brand spends, featuring competitive reward earning and verified travel perks.
Pros
- • Base Rewards: 1 EDGE Reward Point per ₹100 (1 EDGE Reward Point per ₹100 on retail transactions)
- • Forex markup rate of 3.5%
- • Airport lounge and lifestyle dining privileges
- • Value-packed milestone rewards on annual spend
Cons
- • Annual renewal fee of ₹500
- • Reward exclusion on fuel purchases and wallet load transactions
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- • 100% cashback up to ₹250 on first fuel transaction at IOCL within 30 days of card issuance
- • Qualification Criteria: Fuel transaction at IOCL within 30 days
- • Fulfillment Timeline: 30 days post transaction
- • 2,000 bonus Reward Points upon spending ₹5,000 within first 60 days
- • Qualification Criteria: ₹5,000 retail spend within 60 days of card setup
- • Fulfillment Timeline: 45 days
- • 500 CashPoints on payment of joining fee
- • Qualification Criteria: Joining fee realization
- • Fulfillment Timeline: 30-45 days post fee realization
- • Base Rewards: 1 EDGE Reward Point per ₹100 (1 EDGE Reward Point per ₹100 on retail transactions)
- • Accelerated Rewards: 20 EDGE Reward Points per ₹100 spent (4% value back) at IOCL petrol stations across India + 1% fuel surcharge waiver (total 5% savings). 5 EDGE Reward Points per ₹100 on online shopping.
- • Excluded Categories: Non-IOCL fuel pumps, Wallet loads
- • Base Rewards: 2 ICICI Reward Points per ₹100 (2 points per ₹100 spent at HPCL fuel stations)
- • 2 ICICI Reward Points per ₹100 (2 points per ₹100 spent on general retail)
- • Accelerated Rewards: Up to 5% savings on HPCL fuel purchases (2.5% cashback + 2 Reward Points per ₹100 + 1% surcharge waiver via ICICI POS)
- • Excluded Categories: Non-HPCL petrol pumps
- • Base Rewards: 1 CashPoint per ₹150 (1 CashPoint per ₹150 on retail spends)
- • Accelerated Rewards: 10X CashPoints on BigBasket, BookMyShow, OYO, Swiggy, Uber (max 2,500 CashPoints per calendar month)
- • Excluded Categories: Fuel, Wallet loads, Rent
- • Base Rewards: 1 EDGE Reward Point per ₹100 (1 EDGE Reward Point per ₹100 on retail transactions)
- • Forex markup rate of 3.5%
- • Airport lounge and lifestyle dining privileges
- • Value-packed milestone rewards on annual spend
- • Base Rewards: 2 ICICI Reward Points per ₹100 (2 points per ₹100 spent at HPCL fuel stations)
- • 2 ICICI Reward Points per ₹100 (2 points per ₹100 spent on general retail)
- • Forex markup rate of 3.5%
- • Airport lounge and lifestyle dining privileges
- • Value-packed milestone rewards on annual spend
- • Base Rewards: 1 CashPoint per ₹150 (1 CashPoint per ₹150 on retail spends)
- • Forex markup rate of 3.5%
- • Airport lounge and lifestyle dining privileges
- • Value-packed milestone rewards on annual spend
- • Annual renewal fee of ₹500
- • Reward exclusion on fuel purchases and wallet load transactions
- • Annual renewal fee of ₹500
- • Reward exclusion on fuel purchases and wallet load transactions
- • Annual renewal fee of ₹500
- • Reward exclusion on fuel purchases and wallet load transactions