← Part of Axis Credit Cards in India
The IndianOil Axis Bank RuPay Credit Card is a co-branded fuel card, offering up to 4% value back on IndianOil fuel purchases as of 2026. This card, issued on the RuPay network, supports UPI linking and is designed for fuel savings and online transactions.
| Parameter | Details |
|---|---|
| Card Type | Co-branded fuel credit card |
| Issuing Banks | Axis Bank and Indian Oil Corporation Limited (IOCL) |
| Network | RuPay |
| Key Focus | Fuel savings at IndianOil outlets, online shopping, and UPI transactions |
| Joining Fee | ₹500 + GST |
| Annual Fee | ₹500 + GST (waived on spending ₹3.5 lakh in a card anniversary year) |
| Welcome Benefit | 1250 EDGE Reward Points (worth ₹250) on first fuel transaction within 30 days of card issuance |
| Fuel Value Back | Up to 4% value back on IndianOil fuel purchases (~4% as per LetsThinkWise, 2026) |
| Reward Points on Fuel | 20 EDGE Reward Points per ₹100 spent on fuel at IndianOil outlets (transactions ₹400-₹4,000) |
| Monthly Fuel Reward CAP | 1,000 EDGE Reward Points (worth ₹200) on fuel spends up to ₹5,000 per month |
| EDGE Reward Points Value | ₹0.20 per point (Source: CardMaven, 2026) |
| Fuel Surcharge Waiver | 4% fuel surcharge waiver at IndianOil outlets |
| Online Shopping Rewards | 5 EDGE Points per ₹100 spent on online shopping (transactions ₹100-₹5,000) |
| Other Spends Rewards | 1 EDGE Point for every ₹100 spent on all other transactions (excluding Rent, Wallet, Insurance, Education, Govt, Gold, Utilities) |
| UPI Integration | Supports UPI linking for transactions on the RuPay network |
| Dining Benefits | Access to Axis Bank Dining Delights Program |
| Travel & Shopping Offers | Up to 15% discount on flights/hotels via Goibibo/MakeMyTrip on Wednesdays; 10% off on Swiggy and Tira (up to ₹1,000) |
This card is a strong option for individuals seeking to maximize savings on fuel expenses, especially at IndianOil outlets, while also benefiting from RuPay’s widespread acceptance and UPI integration across India.
Key Features & Benefits 2026
The IndianOil Axis Bank RuPay Credit Card offers up to 4% value back on IndianOil fuel purchases, with a maximum monthly reward of 1,000 EDGE Reward Points (worth ₹200) on fuel spends up to ₹5,000. This co-branded card also supports UPI linking, a key feature for daily transactions in India.
| Type/Category | Details | Key Feature |
|---|---|---|
| Fuel Rewards (IOCL) | 20 EDGE Reward Points per ₹100 spent on fuel at IndianOil outlets (transactions between ₹400 and ₹4,000) | Up to 4% Value Back on Fuel |
| Fuel Surcharge Waiver | 4% surcharge waiver on fuel transactions at IndianOil outlets | Savings on Fuel Costs |
| Online Shopping Rewards | 5 EDGE Points per ₹100 spent on online shopping (transactions between ₹100 and ₹5,000) | Accelerated Rewards on E-commerce |
| General Spends Rewards | 1 EDGE Point for every ₹100 spent on all other transactions (excluding Rent, Wallet, Insurance, Education, Govt, Gold, Utilities) | Rewards on Everyday Spending |
| Welcome Benefit | Up to 1250 EDGE Reward Points (worth ₹250) on the first fuel transaction within 30 days of card issuance | Initial Reward for New Users |
| UPI Integration | RuPay Credit Card can be linked with Unified Payments Interface (UPI) for seamless payments | Convenient Digital Payments |
| Movie Discounts | Instant discounts on movie tickets via BookMyShow website or app | Entertainment Savings |
| Dining Benefits | Discounted rates at partner restaurants under Axis Bank’s Dining Delights Program (up to ₹500 discount via EazyDiner) | Exclusive Dining Offers |
| Wednesday Offers (Travel) | Up to 15% instant discount on flights or hotels booked through Goibibo or MakeMyTrip | Travel Savings |
| Wednesday Offers (Shopping & Food) | 10% off on Swiggy orders and 10% off up to ₹1,000 on shopping at Tira | Weekly Lifestyle Discounts |
| Annual Fee Waiver | Annual fee of ₹500 plus GST waived on spending ₹3.5 lakh in a card anniversary year | Spend-Based Fee Exemption |
| Card Network | Issued on the RuPay network, ensuring wide acceptance across India | Domestic Payment Network |
| Contactless Payments | Supports contactless transactions for quick and secure payments | Modern Payment Convenience |
The card’s focus on fuel savings at IndianOil outlets, combined with its RuPay network and UPI linking capabilities, makes IT a practical choice for daily spending in India.
Rewards, Fees & Charges
The IndianOil Axis Bank RuPay Credit Card carries a joining fee and an annual fee of ₹500 plus GST each, as of 2026. Cardholders can earn 1250 EDGE Reward Points (worth ₹250) on their first fuel transaction within 30 days of card issuance.
| Metric | Value |
|---|---|
| Joining Fee | ₹500 + GST |
| Annual Fee | ₹500 + GST |
| Annual Fee Waiver Threshold | ₹3.5 lakh spend in a card anniversary year |
| Welcome Benefit | 1250 EDGE Reward Points (worth ₹250) on first fuel transaction within 30 days |
| Fuel Reward Rate (IndianOil outlets) | 4% value back (20 EDGE Reward Points per ₹100 spent) |
| Maximum Monthly Fuel Reward | 1,000 EDGE Reward Points (worth ₹200) on up to ₹5,000 fuel spends |
| Online Shopping Reward Rate | 1% value back (5 EDGE Points per ₹100 spent for transactions between ₹100 and ₹5,000) |
| Other Transactions Reward Rate | 1 EDGE Point for every ₹100 spent (excluding Rent, Wallet, Insurance, Education, Govt, Gold, and Utilities) |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at IndianOil outlets (capped at ₹50 per month) |
| Dining Benefits | Up to 15% discount at partner restaurants via Axis Bank Dining Delights Program |
| Movie Benefits | Discounts on movie tickets (specific offers vary) |
| EDGE Points Redemption | Redeemable against shopping/travel vouchers or product purchases from the Axis Bank catalog |
The annual fee waiver threshold of ₹3.5 lakh per year can be challenging for some users to meet, despite the card’s strong fuel and online shopping rewards.
How to Apply for the Card
Applying for the IndianOil Axis Bank RuPay Credit Card is a straightforward process, available both online and offline. Applicants must be at least 18 years old to be eligible for the card (Source: BankBazaar.com, 2026).
The application typically involves submitting necessary documents and meeting Axis Bank’s internal credit criteria.
- Online Application: Visit the official Axis Bank website or a trusted financial portal to initiate the application. The online form requires personal, financial, and employment details.
- Offline Application: Visit any nearest Axis Bank branch to apply in person. A physical application form must be filled out and submitted with supporting documents.
- Eligibility Check: Ensure you meet the minimum age requirement of 18 years and other Axis Bank criteria for credit card issuance. A strong CIBIL score (750+) generally improves approval chances.
- Document Submission: Prepare identity proof (PAN card, Aadhaar card), address proof (utility bills, passport), and income proof (salary slips, bank statements, ITR).
- Pre-Approved Offers: Existing Axis Bank customers with other credit cards (Visa or Mastercard) may receive pre-approved offers for this RuPay variant, often requiring just an OTP confirmation.
- Application Processing: After submission, Axis Bank reviews the application and documents. This process typically takes a few business days.
- Card Issuance: Upon approval, the IndianOil Axis Bank RuPay Credit Card is dispatched to your registered address.
- Activation: Activate the card upon receipt through net banking, mobile banking, or by calling customer service to start using its benefits.
The card’s terms and conditions were last updated on June 20, 2025, so verify the latest details during application.
RuPay & UPI Integration
The IndianOil Axis Bank Credit Card is issued on the RuPay network, enabling seamless integration with the Unified Payments Interface (UPI). This feature allows cardholders to make payments directly from their credit card via UPI apps, convenience for daily transactions. As of 2026, nearly one-third to almost 50% of new credit cards in India are issued on the RuPay network, reflecting its growing adoption.
- UPI Linkage: The IndianOil Axis Bank RuPay Credit Card can be linked to popular UPI applications. This allows users to make payments by scanning QR codes directly from their credit card account.
- Wide Acceptance: RuPay cards are accepted across India, making them practical for everyday use at various merchants, including small vendors. This broad acceptance is a key advantage for domestic transactions.
- Accelerated Growth: The RuPay network has seen significant growth in India, with almost 8 out of 10 new credit card applicants in 2026 specifically requesting a RuPay card.
- Domestic Focus: RuPay is primarily designed for the Indian market, offering a “local and future-ready” payment solution. IT prioritizes domestic transactions and digital payment infrastructure.
- Reward Earning on UPI: Eligible UPI transactions made using the RuPay variant earn rewards as per Axis Bank’s applicable rewards policy. This extends the card’s benefits beyond traditional swipe payments.
- Contactless Payments: The card supports contactless transactions, allowing for quick and secure payments at compatible terminals without needing to swipe or insert the card.
- Digital India Initiative: The partnership between Axis Bank, Indian Oil, and NPCI for this co-branded RuPay card supports the Digital India vision by promoting digital payments.
This integration provides cardholders with flexibility and security for their daily spending, leveraging India’s strong digital payment ecosystem.
IndianOil Axis Bank vs Alternatives
The IndianOil Axis Bank RuPay Credit Card offers up to 4% value back on IndianOil fuel purchases, making IT a strong contender for fuel savings. However, cards like the BPCL SBI Card Octane provide up to 7.25% value-back on fuel, catering to heavy fuel spenders. The IndianOil Kotak Credit Card also offers 4% value-back on fuel spends at IndianOil pumps.
| Feature | IndianOil Axis Bank RuPay | BPCL SBI Card Octane | IndianOil Kotak Credit Card |
|---|---|---|---|
| Fuel Value Back | Up to 4% value back on IndianOil fuel purchases | Up to 7.25% value-back (25X rewards on fuel expenses) | 4% value-back on all fuel spends at IndianOil petrol pumps |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver | 1% fuel surcharge waiver | 1% surcharge waiver on all fuel spends |
| Joining Fee | ₹500 + GST | ₹1,500 | Not specified |
| Annual Fee | ₹500 + GST (waived on spending ₹3.5 lakh annually) | ₹1,500 | Not specified |
| Network | RuPay (with UPI support) | Not specified | Not specified |
| Welcome Benefit | 1250 EDGE Reward Points (worth ₹250) on first fuel transaction within 30 days | Not specified | Not specified |
| Accelerated Fuel Rewards CAP | 1,000 EDGE Reward Points (worth ₹200) per month on ₹5,000 fuel spends | Not specified | Not specified |
| Online Shopping Rewards | 5 EDGE Points per ₹100 spent (transactions ₹100-₹5,000) | Not specified | Not specified |
While the IndianOil Axis Bank RuPay card integrates seamlessly with UPI, other co-branded fuel cards may offer higher reward rates for specific fuel brands or lower annual fee waiver thresholds.
Eligibility & Documentation
To apply for the IndianOil Axis Bank RuPay Credit Card, applicants must be at least 18 years old. The application process can be completed both online and offline at an Axis Bank branch.
- Age Requirement: The primary applicant must be a minimum of 18 years old to be eligible for the card.
- Citizenship: Applicants must be citizens of India.
- Application Method: You can apply online through the Axis Bank website or by visiting any Axis Bank branch to fill out a physical application form.
- Existing Axis Bank Customers: If you already hold an Axis Bank Visa or Mastercard credit card, the IndianOil RuPay card may be offered as a pre-approved option, often requiring only an OTP confirmation.
- Documentation: Standard KYC documents are required, including identity proof (PAN card, Aadhaar card), address proof, and income proof (salary slips, bank statements).
The terms and conditions for the IndianOil Axis Bank Credit Card were last updated on June 20, 2025, so verify current details before applying.
Important Terms & Conditions
The IndianOil Axis Bank RuPay Credit Card offers specific terms for its benefits and rewards, updated as of June 20, 2025. Cardholders must be at least 18 years old to apply, with the primary applicant being an Indian citizen. The card focuses on fuel savings at IndianOil outlets and rewards for online spending. The card charges a joining fee of ₹500 plus GST and an annual fee of ₹500 plus GST. This annual fee is waived if the cardholder spends ₹3.5 lakh in a card anniversary year. New cardholders receive 1250 EDGE Reward Points, worth ₹250, on their first fuel transaction within 30 days of card issuance.
Key Takeaways
- The IndianOil Axis Bank RuPay Credit Card’s terms and conditions were last updated on June 20, 2025.
- A minimum spend of ₹3.5 lakh in a card anniversary year is required to waive the annual fee of ₹500 plus GST.
- New cardholders receive 1250 EDGE Reward Points (worth ₹250) as a welcome benefit upon their first fuel transaction within 30 days.
Review the detailed terms and conditions on the official Axis Bank website before applying for the IndianOil Axis Bank RuPay Credit Card.
Frequently Asked Questions (FAQs)
What are the main benefits of the IndianOil Axis Bank RuPay Credit Card in 2026?
The IndianOil Axis Bank RuPay Credit Card offers up to 4% value back on IndianOil fuel purchases, a fuel surcharge waiver, and accelerated rewards on online spending. IT also supports UPI transactions, allowing users to earn rewards on eligible UPI spends through the RuPay network. New cardholders can earn 1250 EDGE Reward Points on their first fuel transaction within 30 days of card issuance.
What is the annual fee for the IndianOil Axis Bank RuPay Credit Card in 2026?
The IndianOil Axis Bank RuPay Credit Card charges a joining and annual fee of ₹500 plus GST. This annual fee can be waived if you spend ₹3.5 lakh or more in a card anniversary year. This waiver threshold is considered high for a fuel-focused credit card.
How many reward points can I earn on fuel with this card monthly?
You can earn 20 EDGE Reward Points for every ₹100 spent on fuel at IndianOil outlets. Accelerated rewards are capped at ₹5,000 of fuel spends per month, meaning a maximum of 1,000 EDGE Reward Points can be earned monthly on fuel. These 1,000 EDGE Reward Points are worth ₹200.
Can I use the IndianOil Axis Bank RuPay Credit Card for UPI transactions?
Yes, the IndianOil Axis Bank RuPay Credit Card is issued on the RuPay network and supports UPI linking. You can add this RuPay Credit Card to your UPI apps and earn rewards on eligible UPI transactions as per Axis Bank’s rewards policy. This feature convenience for digital payments across India.
What is the welcome offer for new IndianOil Axis Bank RuPay Credit Card users?
New cardholders receive 1250 EDGE Reward Points on their first fuel transaction made within 30 days of card issuance. These welcome points are worth ₹250. This offer helps offset the joining fee for new users.
How does the IndianOil Axis Bank RuPay Credit Card compare to other fuel cards?
The IndianOil Axis Bank RuPay Credit Card is a strong option for IndianOil loyalists, offering up to 4% value back on fuel. For heavy fuel spenders, alternatives like the BPCL SBI Card Octane or the IndianOil Kotak Credit Card might offer different benefits. The card’s RuPay network and UPI support are key differentiators for digital transactions.
What are the eligibility criteria for the IndianOil Axis Bank RuPay Credit Card?
Axis Bank typically requires applicants to be Indian residents, aged between 18 and 70 years, with a stable income. A good CIBIL score, generally above 750, is for approval and to secure favorable terms. Specific income requirements vary by bank policy as of 2026.
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.