← Part of Axis Credit Cards in India
The IndianOil Axis Bank Credit Card, launched on December 17, 2019, offers up to 4% value back on fuel spends at IndianOil outlets, making IT a popular choice for regular fuel consumers. As of 2026, the card provides 20 EDGE Reward Points per ₹100 spent on fuel, capped at 1,000 points (worth ₹200) monthly for spends up to ₹5,000.
| Parameter | Details |
|---|---|
| Card Name | IndianOil Axis Bank Credit Card |
| Card Type | Co-branded Fuel Credit Card |
| Issuing Banks | Axis Bank and IndianOil Corporation Limited |
| Launch Date | December 17, 2019 |
| Network | RuPay (with UPI support) |
| Joining Fee (2026) | ₹500 + GST |
| Annual Fee (2026) | ₹500 + GST |
| Annual Fee Waiver Criteria | Annual spend of ₹50,000 or ₹3.5 lakh in the previous year (verify with lender) |
| Welcome Benefit | Up to 1250 EDGE Reward Points on first fuel transaction within 30 days of card issuance |
| Fuel Value Back | Up to 4% (20 EDGE Reward Points per ₹100 spent at IOCL outlets) |
| Maximum Fuel Reward | 1,000 EDGE Reward Points (worth ₹200) per month, capped at ₹5,000 fuel spends |
| Fuel Surcharge Waiver | 1% (up to ₹50 per statement cycle on fuel spends of ₹400-₹4,000) |
| Reward Point Value | 1 EDGE Reward Point = ₹0.20 (as of 2026) |
| Online Shopping Rewards | 5 EDGE Points per ₹100 spent on online shopping (transactions ₹100-₹5,000) |
| General Spends Rewards | 1 EDGE Reward Point per ₹100 spent (excluding Rent, Wallet, Insurance, Education, Govt, Gold, Utilities) |
| Dining Benefits | Up to 20% discount at partner restaurants via Axis Bank Dining Delights Program |
| Movie Discounts | 10% instant discount on BookMyShow |
| Travel Discounts (Wednesdays) | Up to 15% instant discount on Goibibo or MakeMyTrip |
| Food Delivery Discounts (Wednesdays) | 10% off on Swiggy orders |
| Shopping Discounts (Wednesdays) | 10% off up to ₹1,000 on shopping at Tira |
| Eligibility Criteria | Primary cardholder age 18-70 years, resident of India, regular source of income, good credit history |
| Terms & Conditions Update | June 20, 2025 (latest available update) |
This co-branded card is specifically designed for individuals who frequently refuel at IndianOil outlets and seek to maximize savings on their fuel expenses through a structured rewards program.
Rewards & Benefits Breakdown
The IndianOil Axis Bank Credit Card offers up to 4% value back on fuel purchases at IndianOil outlets, making IT a strong choice for regular fuel spenders. Cardholders also receive 20 EDGE Reward Points for every ₹100 spent on fuel at IOCL, capped at 1,000 points per month (worth ₹200).
| Type/Category | Details | Key Feature |
|---|---|---|
| Fuel Benefits | Up to 4% value back on fuel purchases at IndianOil outlets; 20 EDGE Reward Points per ₹100 spent on fuel at IOCL outlets. Maximum eligible spend for 4% value back is ₹5,000 per month. | Accelerated rewards on fuel spends |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver on fuel transactions at IndianOil outlets, applicable on transactions between ₹400 and ₹4,000. Maximum waiver is ₹50 per statement cycle. | Savings on fuel transactions |
| Welcome Benefit | Up to 1250 EDGE REWARD Points on the first fuel transaction within the first 30 days of card issuance. | Initial reward points |
| Reward Points Earning (General) | 1 EDGE REWARD Point on every ₹100 spent on general transactions. Earn 5 EDGE Points per ₹100 spent on online shopping for transactions between ₹100 and ₹5,000. | Rewards on everyday and online spends |
| Reward Points Redemption | EDGE Reward Points can be redeemed through the Axis Bank EDGE Rewards Portal for gift vouchers, merchandise, free fuel, movie tickets, and more. Each EDGE Reward Point is generally valued at ₹0.20. | Flexible redemption options |
| Dining Benefits | Enjoy exceptional dining experiences at top restaurants across India with the Axis Bank Dining Delights Program. Get 20% off up to ₹150 on Swiggy orders over ₹500 every Saturday and Sunday with any Axis credit card. | Discounts on dining and food delivery |
| Online Shopping Benefits | Accelerated earning on online shopping. Get 10% off on Swiggy orders and 10% off up to ₹1,000 on shopping at Tira (Wednesday Offers). | Discounts on e-commerce |
| Movie Ticket Discounts | Receive a 10% instant discount on movie tickets booked via BookMyShow. | Entertainment savings |
| Travel Benefits (Premium Card) | The IndianOil Axis Bank Premium Credit Card offers 2 complimentary lounge access per quarter at select domestic airports. | Airport lounge access |
| Travel Rewards (Premium Card) | The IndianOil Axis Bank Premium Credit Card offers EDGE Miles, transferable to 15+ airlines and hotel partners in a 2:1 ratio. Earn 6 EDGE Miles per ₹150 spent on IOCL fuel outlets. | Travel-focused reward system |
| Wednesday Offers | Get an instant discount of up to 15% on booking flights or hotels through Goibibo or MakeMyTrip every Wednesday. | Weekly travel discounts |
| Excluded Spends | Spends on Insurance, Gold/Jewellery, Wallet, Rent, Utilities, Government Institutions, and Education are not eligible for earning EDGE REWARDS. | Important exclusions for rewards |
The card’s benefits are primarily geared towards fuel savings and everyday spending, with additional perks for dining, movies, and online shopping, especially through its co-branded offers.
Fees, Charges & Eligibility for IndianOil Axis Bank Credit Card (2026)
The IndianOil Axis Bank Credit Card carries a joining fee and an annual fee of ₹500 + GST each, as of 2026. Cardholders can waive the annual fee by spending ₹3.5 lakh in a card anniversary year. Eligibility requires applicants to be at least 18 years old with a regular income source.
| Metric | Value | Source |
|---|---|---|
| Joining Fee | ₹500 + GST | IndianOil Axis Bank Credit Card Review 2026 |
| Annual Fee | ₹500 + GST | IndianOil Axis Bank Credit Card Review 2026 |
| Annual Fee Waiver Threshold | ₹3.5 lakh spend in a card anniversary year | IndianOil Axis Bank Credit Card Review 2026 |
| Minimum Age for Primary Cardholder | 18 years | Axis Bank Official Website |
| Maximum Age for Primary Cardholder | 70 years | Axis Bank Official Website |
| Minimum Age for Add-on Cardholder | 15 years (for some Axis Bank cards, verify for IOCL card) | Axis Bank Official Website |
| Residency Status | Resident of India or Non-Resident Indian | Axis Bank Official Website |
| Required Documents | KYC documents (ID, address proof, income proof) | Standard Credit Card Application |
| Fuel Surcharge Waiver | 1% (capped per statement cycle) | IndianOil Axis Bank Credit Card Review 2026 |
| Over-limit Fee | 2.5% of over-limit amount (min ₹500) | Axis Bank Credit Card MITC |
| Cash Advance Fee | 2.5% of amount (min ₹250) | Axis Bank Credit Card MITC |
| Late Payment Charges (up to ₹500) | ₹0 | Axis Bank Credit Card MITC |
| Late Payment Charges (₹501 – ₹5,000) | ₹500 | Axis Bank Credit Card MITC |
| Late Payment Charges (₹5,001 – ₹10,000) | ₹750 | Axis Bank Credit Card MITC |
| Late Payment Charges (₹10,001 – ₹25,000) | ₹1,000 | Axis Bank Credit Card MITC |
| Late Payment Charges (₹25,001 – ₹50,000) | ₹1,200 | Axis Bank Credit Card MITC |
| Late Payment Charges (above ₹50,000) | ₹1,200 | Axis Bank Credit Card MITC |
| Foreign Currency Transaction Markup | 3.5% of transaction value | Axis Bank Credit Card MITC |
| Card Replacement Fee | ₹100 | Axis Bank Credit Card MITC |
| EMI Conversion Fee | ₹199 + GST (for transactions converted to EMI) | Axis Bank Credit Card MITC |
The IndianOil Axis Bank Credit Card is suitable for individuals seeking fuel savings, provided they meet the age and income criteria. Always review the latest Most Important Terms & Conditions (MITC) on the Axis Bank website for current fees and charges.
How to Apply for the Card
Applying for the IndianOil Axis Bank Credit Card in 2026 is a straightforward online process through the Axis Bank website. Applicants must be at least 18 years old and typically require a regular income source and a positive credit history.
The application involves submitting basic personal details, after which the bank assesses eligibility and contacts the applicant for further steps.
- Online Application Portal: Visit the official Axis Bank website and locate the IndianOil Axis Bank Credit Card page. Click on the ‘Apply Now’ button to initiate the application.
- Personal Information: Provide details such as your full name, date of birth (must be 18 years or older), contact number, email address, and residential address.
- Employment and Income Details: Furnish information about your employment status (salaried or self-employed) and your monthly or annual income. A stable income source is for approval.
- Identity and Address Proof: While not explicitly listed, standard KYC documents like PAN card, Aadhaar card, passport, or driving license are typically required for identity and address verification.
- Bank’s Eligibility Check: After submitting your initial details, Axis Bank conducts an internal eligibility assessment, which includes checking your CIBIL score and income stability.
- Bank Contact and Document Submission: If deemed provisionally eligible, a bank representative will contact you to guide you through the remaining steps, including the submission of physical or digital documents.
- Application Tracking: You can usually track the status of your application online using a reference number provided by the bank.
- Card Issuance: Upon successful verification and approval, the IndianOil Axis Bank Credit Card will be dispatched to your registered address.
Ensure all provided information is accurate to avoid delays in the application and approval process for your IndianOil Axis Bank Credit Card.
Fuel Savings & Value Back
The IndianOil Axis Bank Credit Card offers up to 4% value back on fuel purchases at IndianOil outlets, making IT a strong choice for regular fuel spenders. Cardholders can earn 20 EDGE Reward Points for every ₹100 spent on fuel, capped at 1,000 points (worth ₹200) per month for fuel spends up to ₹5,000.
- Accelerated Fuel Rewards: Earn 20 EDGE Reward Points per ₹100 spent at any IndianOil fuel outlet in India. This translates to a 4% value back on fuel transactions.
- Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000, with a maximum waiver of ₹50 per statement cycle.
- Welcome Benefit: Receive up to 1,250 EDGE Reward Points on your first fuel transaction within 30 days of card issuance.
- Online Shopping Benefits: Get 5 EDGE Points for every ₹100 spent on online shopping for transactions between ₹100 and ₹5,000.
- Dining Discounts: Access dining benefits at top restaurants across India through the Axis Bank Dining Delights Program.
- Wednesday Offers: Avail up to 15% instant discount on flights and hotel bookings via Goibibo or MakeMyTrip every Wednesday. You also get 10% off on Swiggy orders and up to ₹1,000 off on shopping at Tira on Wednesdays.
- General Spends: Earn 1 EDGE Reward Point for every ₹100 spent on all other transactions, excluding categories like rent, wallet, insurance, education, government, gold, and utilities.
These benefits are designed to provide substantial savings on fuel and everyday spending for IndianOil loyalists.
IndianOil Axis vs Alternatives
The IndianOil Axis Bank Credit Card offers up to 4% value back on fuel, making IT a strong contender for regular IndianOil customers. Other co-branded fuel cards like the IndianOil RBL XTRA and IndianOil HDFC cards also provide significant fuel savings, often with varying reward structures and annual fees.
| Feature | IndianOil Axis Card | IndianOil RBL XTRA | IndianOil HDFC Card |
|---|---|---|---|
| Annual Fee (2026) | ₹500 + GST (waivable on ₹3.5 lakh annual spend) | ₹499 (waivable on ₹50,000 annual spend) | Not specified |
| Fuel Value-back at IndianOil | Up to 4% (20 EDGE Reward Points per ₹100 spent, capped at ₹5000 fuel spends/month) | 7.5% (15 Fuel Points per ₹100 spent) | Up to 50 litres free fuel annually |
| Fuel Surcharge Waiver | 1% (on transactions between ₹400-₹4000, capped at ₹50/month) | 1% (on transactions between ₹500 and ₹4000, capped at ₹100/month) | 1% (across all outlets in India) |
| Welcome Benefit | Up to 1250 EDGE REWARD Points on first fuel transaction within 30 days | 1000 reward points (on ₹500 spend within 30 days) | 3,000 Fuel Points (on ₹500+ transaction within 30 days) |
| Other Benefits | 10% off on BookMyShow, Dining Delights, rewards on online shopping | Not specified | Up to 1,000 bonus Fuel Points quarterly, personal accident insurance |
| Reward Point Value | 1 EDGE Reward Point = ₹0.20 | Not specified | Not specified |
| Network | RuPay | Not specified | Not specified |
While the IndianOil Axis Bank Credit Card offers a balanced reward structure, cards like the IndianOil RBL XTRA provide a higher fuel value-back percentage, potentially suiting very high fuel spenders.
Common Misconceptions
Many users misunderstand specific features of the IndianOil Axis Bank Credit Card, particularly regarding reward caps and fee waivers. Clarifying these points helps cardholders maximize their benefits and avoid unexpected charges. The card’s terms and conditions were last updated on June 20, 2025.
- Unlimited Fuel Surcharge Waiver: The card offers a 1% fuel surcharge waiver, but IT is capped at ₹50 per statement cycle. This means the waiver applies to fuel spends between ₹400 and ₹4,000, with a maximum monthly benefit of ₹50.
- High Annual Fee Waiver Threshold: While the joining and annual fees are ₹500 each, the annual fee waiver requires a significant annual spend of ₹3.5 lakh. This threshold is higher than some competitor cards, which may offer waivers for spends around ₹50,000.
- Reward Point CAP on Fuel: The card provides 20 EDGE Reward Points per ₹100 spent on fuel at IndianOil outlets, equating to a 4% value back. However, these accelerated rewards are capped at 1,000 EDGE Reward Points per month, applicable on fuel spends up to ₹5,000.
- Limited Welcome Benefit: The welcome benefit offers up to 1,250 EDGE Reward Points on the first fuel transaction within 30 days. This translates to a maximum value of ₹250, which is considered modest compared to welcome bonuses on other credit cards.
- No Travel Benefits for Standard Card: The standard IndianOil Axis Bank Credit Card does not include travel benefits like complimentary airport lounge access. Such benefits are exclusive to the IndianOil Axis Bank Premium Credit Card, which offers two complimentary domestic lounge accesses per quarter.
- Exclusions for Reward Earning: Spends on categories like Insurance, Gold/Jewellery, Wallet, Rent, Utilities, Government Institutions, and Education are not eligible for earning EDGE REWARDS. Cardholders should be aware of these exclusions to optimize their reward accumulation.
Understanding these specific limitations and conditions ensures cardholders can effectively plan their spending and manage expectations from the IndianOil Axis Bank Credit Card.
Maximizing Card Benefits
The IndianOil Axis Bank Credit Card offers up to 4% value back on fuel purchases at IndianOil outlets, making IT suitable for frequent fuel spenders. Cardholders can also earn accelerated rewards on online shopping and enjoy various discounts on dining and entertainment.
- Fuel Savings: Earn 20 EDGE Reward Points for every ₹100 spent at IndianOil fuel outlets, capped at 1,000 EDGE Reward Points (worth ₹200) per month for up to ₹5,000 in fuel spends.
- Welcome Benefit: Receive up to 1,250 EDGE Reward Points on your first fuel transaction within 30 days of card issuance.
- Online Shopping Rewards: Get 5 EDGE Points per ₹100 spent on online shopping for transactions between ₹100 and ₹5,000.
- Dining Discounts: Enjoy up to 20% off at partner restaurants across India through the Axis Bank Dining Delights Program.
- Entertainment Offers: Avail up to 15% instant discount on flights and hotel bookings via Goibibo or MakeMyTrip every Wednesday, and 10% off on Swiggy orders on Wednesdays.
- Annual Fee Waiver: The ₹500 annual fee is waived if your annual spending crosses ₹3.5 lakh in the previous card anniversary year.
To fully use the IndianOil Axis Bank Credit Card, focus on fuel purchases at IOCL outlets and utilize the card for online shopping and dining benefits.
Key Takeaways
- The card provides up to 4% value back on IndianOil fuel spends, with a monthly CAP of ₹200 in fuel rewards.
- A welcome benefit of up to 1,250 EDGE Reward Points is available on the first fuel transaction within 30 days.
- The ₹500 annual fee can be waived by spending ₹3.5 lakh annually, making IT cost-effective for high spenders.
Check your eligibility and apply for the IndianOil Axis Bank Credit Card on the official Axis Bank website.
Frequently Asked Questions (FAQs)
What is the reward rate on the IndianOil Axis Bank Credit Card?
The IndianOil Axis Bank Credit Card offers 20 EDGE Reward Points per ₹100 spent on fuel at IndianOil outlets. This translates to a 4% value-back on fuel transactions. For other spending categories, the card provides a decent reward rate, though IT is lower than fuel spends.
What is the maximum reward I can earn on fuel spends each month with this card?
You can earn a maximum of 1,000 EDGE Reward Points on fuel spends each month with the IndianOil Axis Bank Credit Card. This CAP applies to fuel spends up to ₹5,000 per month at IndianOil outlets. These 1,000 points are worth ₹200.
What is the annual fee for the IndianOil Axis Bank Credit Card in 2026?
The IndianOil Axis Bank Credit Card has an annual fee of ₹500. This fee can often be waived if your annual spending exceeds a certain threshold, which was ₹3.5 lakh as per 2025 data. Always verify the current waiver criteria with Axis Bank.
Does the IndianOil Axis Bank Credit Card offer lounge access?
Yes, the IndianOil Axis Bank Premium Credit Card variant offers 2 complimentary lounge accesses per quarter at select domestic airports. Standard IndianOil Axis Bank Credit Card variants typically do not include this benefit. Check your specific card’s terms and conditions for details.
What welcome benefits does the IndianOil Axis Bank Credit Card offer?
New cardholders can receive up to 1,250 EDGE REWARD Points on their first fuel transaction made within 30 days of card issuance. This welcome bonus helps offset the initial annual fee. Specific terms and conditions apply, so review them upon card activation.
Is the IndianOil Axis Bank Credit Card a good option for fuel savings?
The IndianOil Axis Bank Credit Card is a strong option for fuel savings, offering 4% value-back on fuel purchases at IndianOil outlets. IT is particularly beneficial for individuals who regularly refuel at IndianOil and spend up to ₹5,000 monthly on fuel. The card’s low annual fee of ₹500 further its value.
Can I use the RuPay variant of the IndianOil Axis Bank Credit Card for UPI transactions?
Yes, the RuPay variant of the IndianOil Axis Bank Credit Card can be used for eligible UPI transactions. These transactions earn rewards as per Axis Bank’s standard rewards policy. This feature adds convenience for digital payments.
Disclaimer: This article is general information, not financial advice. Interest rates, fees, and eligibility change frequently. Verify current details with the lender or regulator (RBI / SEBI / IRDAI) before deciding.