← Part of Axis Credit Cards in India
The IndianOil Axis Bank Credit Card is a co-branded fuel credit card designed for savings on fuel expenses, offering up to 4% value back on fuel purchases at IndianOil outlets. As of 2026, IT remains a popular choice for regular fuel spenders, with an annual fee of ₹500 plus GST and a potential annual saving of ₹3,000 (Source: Paisabazaar 2026).
| Parameter | Details |
|---|---|
| Card Type | Co-branded Fuel Credit Card |
| Issuing Banks | IndianOil and Axis Bank |
| Primary Benefit | Savings on fuel expenses, accelerated reward points at IndianOil outlets |
| Value Back on Fuel | Up to 4% (20 reward points per ₹100 spent at IndianOil outlets) |
| Welcome Benefit | Up to 1250 EDGE Reward Points on first fuel transaction within 30 days of issuance |
| Joining Fee | ₹500 + GST |
| Annual Fee | ₹500 + GST |
| Annual Fee Waiver | On spending ₹3.5 lakh in a card anniversary year |
| Reward Point Value | 1 EDGE Reward Point = ₹0.20 |
| Maximum Fuel Reward | 1,000 EDGE Reward Points (worth ₹200) per month on fuel spends up to ₹5,000 |
| Maximum Eligible Fuel Spends | ₹5,000 per calendar month for accelerated rewards (2026) |
| Other Benefits | Discounts on online shopping, dining, movie tickets (BookMyShow), flights/hotels (Goibibo/MakeMyTrip), Swiggy, Tira |
| Network Availability | Visa, Mastercard, and RuPay variants available |
| Eligibility Age (Primary) | 18-70 years |
| Eligibility Age (Add-on) | At least 15 years |
| Applicant Status | Indian resident or Non-Resident Indian (NRI) |
| Minimum Monthly Income | At least ₹20,000 for salaried employees |
| Application Process | Online via Axis Bank website or at nearest branch office |
| Terms & Conditions Update | W.e.f. 20th June 2025 (latest available update) |
| Fuel Points Validity | 2 years from accumulation date |
| Estimated Annual Savings | Up to ₹3,000 (2026, Source: Paisabazaar) |
This card is particularly relevant for individuals seeking to optimize their fuel expenses, especially given that 98% of IndianOil’s 27,000+ retail outlets accept card payments (Source: IndianOil 2019).
Indian Oil Axis Credit Card in India: Types, Categories & Key Components Explained
The IndianOil Axis Bank Credit Card is a popular co-branded offering in India, providing up to 4% value-back on fuel purchases at IndianOil outlets. As of 2026, new cardholders can receive up to 1250 EDGE Reward Points on their first fuel transaction within 30 days of card issuance.
| Type/Category | Details | Key Feature |
|---|---|---|
| IndianOil Axis Bank Credit Card (Standard) | Co-branded credit card designed for fuel savings and everyday spending. | 4% value-back on fuel purchases at IndianOil outlets (20 EDGE Reward Points per ₹100 spent) |
| IndianOil Axis Bank Credit Card (Standard) | Entry-level fuel card with a low annual fee. | Annual fee of ₹500 + GST, waived on spending ₹3.5 lakh in a card anniversary year |
| IndianOil Axis Bank Credit Card (Standard) | Welcome benefits for new cardholders. | Up to 1250 EDGE Reward Points on first fuel transaction within 30 days of card issuance |
| IndianOil Axis Bank Credit Card (Standard) | Offers rewards on online shopping and other categories. | Accelerated earning on online shopping, 1% value-back on online spends |
| IndianOil Axis Bank Credit Card (Standard) | Dining and entertainment benefits. | Axis Bank Dining Delights Program, discounts on BookMyShow and dining bills |
| IndianOil Axis Bank Credit Card (RuPay Variant) | Available on the RuPay network, popular for UPI linking. | Eligible UPI transactions earn rewards as per Axis Bank’s policy, wide local acceptance |
| IndianOil Axis Bank Premium Credit Card | Co-branded fuel credit card with d benefits. | 5% value-back on Indian Oil fuel spends (4% value back on IOCL fuel spends + 1% fuel surcharge waiver) |
| IndianOil Axis Bank Premium Credit Card | Offers travel and lifestyle benefits. | 2 complimentary lounge access per quarter at select domestic airports (up to 8 per year) |
| IndianOil Axis Bank Premium Credit Card | Unique reward structure with flexible redemption. | Offers EDGE Miles (transferable to 15+ airlines and hotel partners in 2:1 ratio) |
| IndianOil Axis Bank Premium Credit Card | Additional discounts on food delivery. | 30% off on food delivery at Zomato |
| Eligibility Criteria (Primary Cardholder) | Age requirement for the main card applicant. | Between 18 and 70 years of age |
| Eligibility Criteria (Add-on Cardholder) | Age requirement for supplementary card users. | At least 15 years of age |
| Eligibility Criteria (Residency) | Residency status required for applicants. | Indian resident or Non-Resident Indian (NRI) |
| Eligibility Criteria (Income) | Minimum monthly income for salaried applicants. | At least ₹20,000 per month |
| Joining Fee (Premium Card) | One-time fee charged upon card issuance. | ₹1,000 + GST |
| Annual Fee (Premium Card) | Recurring fee for card maintenance. | ₹1,000 + GST, waived on spends above ₹1 lakh annually |
| Maximum Fuel Reward (Standard Card) | Monthly CAP on reward points for fuel spends. | 1,000 EDGE Reward Points (worth ₹200 per month) on up to ₹5,000 fuel spends |
| Fuel Points Validity | Duration for which earned fuel points remain active. | 2 years from the accumulation date |
These cards offer distinct benefits, with the Premium variant providing higher value-back and additional lifestyle perks like lounge access and food delivery discounts, catering to varied spending habits.
Indian Oil Axis Credit Card in India: Key Statistics & Data Points for 2026
The IndianOil Axis Bank Credit Card offers a 4% value-back on fuel spends at IndianOil outlets, capped at ₹5,000 per month for accelerated rewards. As of 2026, new RuPay credit card applicants in India account for almost 8 out of 10, reflecting a significant shift in network preference.
| Metric | Value | Source |
|---|---|---|
| Joining Fee (Standard Card) | ₹500 + GST | Axis Bank |
| Annual Fee (Standard Card) | ₹500 + GST | Axis Bank |
| Annual Fee Waiver (Standard Card) | ₹3.5 lakh annual spend | CardMaven |
| Joining Fee (Premium Card) | ₹1,000 + GST | Axis Bank |
| Annual Fee (Premium Card) | ₹1,000 + GST | Axis Bank |
| Annual Fee Waiver (Premium Card) | ₹1 lakh annual spend | Axis Bank |
| Value-back on Fuel (Standard Card) | 4% (20 reward points per ₹100 spent at IndianOil outlets) | Axis Bank |
| Maximum Monthly Fuel Reward (Standard Card) | 1,000 EDGE Reward Points (worth ₹200) on ₹5,000 fuel spends | CardMaven |
| EDGE Reward Point Value | ₹0.20 per point | CardMaven |
| Welcome Benefit (Standard Card) | Up to 1250 EDGE Reward Points on first fuel transaction within 30 days | Axis Bank |
| Maximum Eligible Fuel Spends for Accelerated Rewards | ₹5,000 per calendar month | Axis Bank |
| Minimum Age for Primary Cardholder | 18 years | Axis Bank |
| Maximum Age for Primary Cardholder | 70 years | Axis Bank |
| Minimum Age for Add-on Cardholder | 15 years | Axis Bank |
| Minimum Monthly Income (Salaried) | ₹20,000 | Axis Bank |
| RuPay Network Availability | Yes, contributing to fast growth | ET BFSI |
| New Credit Cards Issued on RuPay Network (2026) | Nearly one-third to almost 50% of total new cards | ET BFSI |
| New Applicants Asking for RuPay Card (2026) | Almost 8 out of 10 | ET BFSI |
| Fuel Points per Month (First 6 months) | Up to 250 on IndianOil fuel outlets | Axis Bank |
| Max. Fuel Points per Month (Grocery & Bill Payments) | 100 | Axis Bank |
| Fuel Points Validity | 2 years from accumulation date | Axis Bank |
| Terms & Conditions Update Effective Date | June 20, 2025 | Axis Bank |
The card’s annual savings can reach up to ₹3,000, making IT a viable option for individuals prioritizing fuel cost management in 2026.
How Indian Oil Axis Credit Card in India Works: Process, Steps & Key Details
Applying for the IndianOil Axis Bank Credit Card involves a straightforward online or offline process. As of 2026, applicants must be between 18 and 70 years old, with a minimum monthly income of ₹20,000 for salaried individuals.
The card offers up to 4% value-back on fuel purchases at IndianOil outlets, making IT suitable for regular fuel spenders.
- Eligibility Criteria: Primary cardholders must be Indian residents or Non-Resident Indians (NRIs) aged 18 to 70 years. Add-on cardholders can be as young as 15 years old.
- Income Requirement: Salaried applicants need a minimum monthly income of at least ₹20,000 to be eligible for the card.
- Application Process (Online): Visit the official Axis Bank website and complete the online application form for the IndianOil Axis Bank Credit Card.
- Application Process (Offline): Alternatively, applicants can visit their nearest Axis Bank branch office to fill out a physical application form.
- Pre-Approved RuPay Cards: For pre-approved RuPay cards, an OTP confirmation process may be required to complete the application.
- Joining Fee: The IndianOil Axis Bank Credit Card has a joining fee of ₹500 plus GST.
- Annual Fee: An annual fee of ₹500 plus GST applies, which can be waived if annual spends exceed ₹3.5 lakh in a card anniversary year.
- Welcome Benefits: New cardholders receive up to 1250 EDGE Reward Points on their first fuel transaction within 30 days of card issuance, equivalent to ₹250.
- Reward Point Earning: Cardholders earn 20 EDGE Reward Points for every ₹100 spent on fuel at IndianOil outlets, capped at ₹5,000 of fuel spends per month (maximum 1,000 EDGE Reward Points, worth ₹200).
- Terms and Conditions: The terms and conditions for the IndianOil Axis Bank Credit Card were last updated effective June 20, 2025.
The application process is designed for ease, allowing eligible individuals to quickly access fuel savings and other benefits.
Indian Oil Axis Credit Card in India: Benefits, Advantages & Why Students Choose IT
The IndianOil Axis Bank Credit Card offers significant value-back on fuel expenses, making IT a popular choice for regular commuters. Cardholders can achieve annual savings of up to ₹3,000, primarily through accelerated reward points at IndianOil outlets (Source: Paisabazaar 2026).
This card provides a 4% value-back on fuel purchases, translating to 20 reward points for every ₹100 spent at IndianOil outlets nationwide.
- Fuel Savings: Cardholders earn 20 EDGE Reward Points per ₹100 spent on fuel at IndianOil outlets, capped at ₹5,000 of fuel spends per month, yielding a maximum of 1,000 EDGE Reward Points (worth ₹200) monthly.
- Welcome Benefits: New cardholders receive up to 1,250 EDGE Reward Points on their first fuel transaction within 30 days of card issuance.
- Dining Delights: The card includes access to the Axis Bank Dining Delights Program, offering discounts at various partner restaurants across India.
- Online Shopping Rewards: Accelerated reward points are also available on online shopping, providing additional savings beyond fuel expenses.
- Movie & Travel Discounts: Benefits extend to entertainment and travel, with discounts on BookMyShow movie tickets and flight/hotel bookings via Goibibo or MakeMyTrip on Wednesdays.
- Fee Waiver: The annual fee of ₹500 plus GST can be waived if the cardholder spends ₹3.5 lakh or more in a card anniversary year.
- RuPay Network Advantage: For the RuPay variant, eligible UPI transactions earn rewards as per Axis Bank’s applicable rewards policy, aligning with the trend of nearly 8 out of 10 new applicants in India requesting RuPay cards as of 2026.
These benefits collectively position the IndianOil Axis Bank Credit Card as a practical tool for managing daily expenses, especially for those with consistent fuel consumption.
Indian Oil Axis Credit Card in India: Vs Alternatives: Which Option is Best?
The IndianOil Axis Bank Credit Card offers a 4% value-back on fuel spends at IndianOil outlets, with an annual fee of ₹500 plus GST. For comparison, the RBL IndianOil XTRA Credit Card provides 7.5% value-back on fuel but carries a higher annual fee of ₹1,500.
| Feature | Indian Oil Axis Credit Card | RBL IndianOil XTRA Credit Card | HDFC Indian Oil Credit Card |
|---|---|---|---|
| Annual Fee | ₹500 + GST | ₹1,500 (waivable at ₹2.75 lakh annual spend) | ₹500 (waivable at ₹50,000 annual spend) |
| Fuel Value Back at IndianOil Outlets | 4% (20 EDGE Reward Points per ₹100 spent) | 7.5% (15 Fuel Points per ₹100 spent) | 5% |
| Fuel Surcharge Waiver | 1% (on transactions between ₹400 and ₹4,000) | 1% (on transactions between ₹500 and ₹4,000) | 1% |
| Welcome Benefit | Up to 1250 EDGE Reward Points (worth ₹250) on first fuel transaction within 30 days | Not specified | Not specified |
| Annual Fee Waiver Requirement | ₹3.5 lakh annual spend | ₹2.75 lakh annual spend | ₹50,000 annual spend |
| Reward Redemption | EDGE Reward Points (redeemable for gift vouchers, merchandise, fuel) | Fuel Points | Reward Points |
| Maximum Eligible Fuel Spends for Accelerated Rewards | ₹5,000 per calendar month | Not specified | Not specified |
| Minimum Monthly Income for Eligibility | ₹20,000 (salaried employee) | Not specified | Not specified |
The IndianOil Axis Bank Credit Card is a strong contender for moderate fuel spenders, offering competitive rewards and a manageable annual fee waiver threshold compared to some premium alternatives.
Common Misconceptions About Indian Oil Axis Credit Card in India
Many applicants misunderstand key aspects of the IndianOil Axis Bank Credit Card, especially regarding its reward structure and fee waivers. The card primarily targets fuel savings at IndianOil outlets, with specific caps on monthly benefits.
- Misconception 1: Unlimited Fuel Savings. The card offers 20 EDGE Reward Points per ₹100 spent on fuel at IndianOil outlets, but accelerated rewards are capped at ₹5,000 of fuel spends per month (as of 2026). This limits the maximum fuel reward to 1,000 EDGE Reward Points, valued at ₹200 per month.
- Misconception 2: Easy Annual Fee Waiver. While the IndianOil Axis Bank Credit Card has a joining and annual fee of ₹500 plus GST, the annual fee waiver requires spending ₹3.5 lakh in a card anniversary year. This threshold can be challenging for many users focused solely on fuel benefits.
- Misconception 3: Broad Reward Earning. While the card provides rewards on online shopping and other categories, its primary value-back of 4% is specifically on fuel purchases at IndianOil outlets. Other spending categories earn rewards at a lower rate.
- Misconception 4: Instant Approval for All. Eligibility requires the primary cardholder to be between 18 and 70 years old, with a minimum monthly income of at least ₹20,000 for salaried employees. Axis Bank retains the right to approve or decline applications based on internal criteria.
- Misconception 5: Rewards Never Expire. Fuel points accumulated on the card have a validity of 2 years from their accumulation date. For example, points received in October 2019 would expire in October 2021.
Understanding these specific terms helps cardholders maximize benefits and avoid unexpected charges or limitations with the IndianOil Axis Bank Credit Card.
What to Do Next: Actionable Steps
Applying for the IndianOil Axis Bank Credit Card involves a straightforward online process, with eligibility generally requiring applicants to be between 18 and 70 years old. The terms and conditions for this card, along with the IndianOil Axis Bank Premium Credit Card, were last updated on June 20, 2025.
- Verify Eligibility: Ensure you are an Indian resident or NRI, aged between 18 and 70 years for a primary card. Salaried applicants typically need a minimum monthly income of ₹20,000.
- Gather Documents: Prepare necessary KYC documents like identity proof (Aadhaar, PAN), address proof, and income proof (salary slips, bank statements) before starting your application.
- Apply Online: Visit the official Axis Bank website and to the IndianOil Axis Bank Credit Card section. Complete the online application form with your personal and financial details.
- Branch Application: Alternatively, you can visit your nearest Axis Bank branch office to apply in person, where bank representatives can assist with the form and document submission.
- Review Terms and Conditions: Before applying, carefully read the updated terms and conditions, last revised on June 20, 2025, to understand all fees, benefits, and reward structures.
- Consider RuPay Variant: If interested in UPI-linked rewards, note that new applicants in India increasingly request RuPay cards, which may offer specific benefits on eligible UPI transactions.
Key Takeaways
- The IndianOil Axis Bank Credit Card has a joining and annual fee of ₹500 plus GST, waived on annual spends above ₹3.5 lakh (as of 2026).
- Cardholders can earn 20 EDGE Reward Points per ₹100 spent on fuel at IndianOil outlets, capped at ₹5,000 of fuel spends per month, yielding a maximum of 1,000 EDGE Reward Points (worth ₹200) monthly.
- New cardholders receive 1,250 EDGE Reward Points as a welcome benefit on their first fuel transaction within 30 days of card issuance.
To apply for the IndianOil Axis Bank Credit Card, check your eligibility and complete the application on the official Axis Bank website.
Frequently Asked Questions (FAQs)
What are the main benefits of the IndianOil Axis Bank Credit Card?
The IndianOil Axis Bank Credit Card offers up to 4% value-back on fuel purchases at IndianOil outlets, making IT suitable for regular fuel spenders. Cardholders also earn accelerated reward points on online shopping and can avail discounts on dining and BookMyShow. New cardholders receive 1250 EDGE Reward Points on their first fuel transaction within 30 days.
What is the annual fee for the IndianOil Axis Bank Credit Card?
The IndianOil Axis Bank Credit Card has a joining and annual fee of ₹500 plus GST. This annual fee can be waived if you meet the spending requirement set by Axis Bank, which was ₹3.5 lakh annually as per 2025 data. Always verify the current waiver criteria with Axis Bank.
How many reward points can I earn on fuel with this card?
You can earn 20 EDGE Reward Points per ₹100 spent on fuel at IndianOil outlets with the IndianOil Axis Bank Credit Card. Accelerated rewards on fuel are capped at ₹5,000 of fuel spends per month, yielding a maximum of 1,000 EDGE Reward Points monthly. These points are worth ₹200 per month in fuel savings.
Does the IndianOil Axis Bank Credit Card offer any welcome benefits?
Yes, new IndianOil Axis Bank Credit Card holders receive 1250 EDGE Reward Points as a welcome benefit. These points are credited upon making your first fuel transaction within 30 days of card issuance. These welcome points are valued at ₹250.
Are there any dining benefits with the IndianOil Axis Bank Credit Card?
Yes, IndianOil Axis Bank Credit Card holders can access dining benefits through the Axis Bank Dining Delights Program. This program offers discounts and special experiences at partner restaurants across India. Specific offers and participating restaurants are updated periodically by Axis Bank.
What is the value-back percentage on fuel with this credit card?
The IndianOil Axis Bank Credit Card provides up to 4% value-back on fuel expenses incurred at IndianOil outlets. This value-back is delivered in the form of accelerated EDGE Reward Points. This makes IT a strong option for individuals looking to save on their regular fuel costs.
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 supports UPI transactions. Eligible UPI transactions made using this card earn rewards as per Axis Bank’s applicable rewards policy. Check the latest terms for specific reward rates on UPI spends.
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.