IndianOil Axis Bank Credit Card
Axis Bank · Open to apply
Axis's IndianOil co-brand fuel card: 20 EDGE Reward points per ₹100 (4% value back) on IndianOil fuel, up to ₹5,000 of spend a month, 5 points per ₹100 on online spends up to ₹5,000 a month, and 1 point per ₹100 otherwise; fuel elsewhere earns nothing. Fuel surcharge waiver at IndianOil outlets only, up to ₹50 a cycle. Joining fee ₹500, annual fee nil in year 1 and ₹500 after.
- Annual fee
- ₹500 + GST a year
- Joining fee
- ₹500 + GST
- Fee waiver
- Annual fee waived on ₹3,50,000 spend per card year
- Base rate
- 1 point per ₹100 on everything else: 1 EDGE Reward points per ₹100 (about 0.2% at cash value)
- Lounges
- None on record
- Forex markup
- 3.5%
- Data
- From bank documents, checked 6 Nov 2026
Main earn rates
- 20 points per ₹100 (4% value back) on fuel at IndianOil outlets: 20 EDGE Reward points per ₹100 (about 4% at cash value)
- 5 points per ₹100 (1% value back) on online spends: 5 EDGE Reward points per ₹100 (about 1% at cash value)
Earns nothing on
- No points on fuel elsewhere, utilities, telecom, insurance, gold and jewellery, wallet loads, rent, government, education, EMI, cash and gift cards
- No points on transportation (cabs and local transport)
- No points on bridge, road and toll fees
Where the sources disagree
- Fuel surcharge waiver outlets and cap: The product page says the waiver applies both "at IOCL fuel outlet" and "at any fuel outlet", up to ₹50 a statement cycle. The card T&C (2026-09) says eligible IndianOil outlets only, up to ₹50 a cycle, and the KFS also says only at authorized IndianOil outlets (no cap stated); the MITC gives the IndianOil-only wording to the Premium card and does not list this card. The T&C is used: IndianOil only, ₹50 cap.
- Annual fee waiver: The card T&C, the KFS and the product page give a ₹3,50,000 spend waiver; the MITC fee table lists ₹500 annual fee with no waiver. The T&C is used.
Terms the calculator does not value
- The 20-points rate applies only to fills of ₹400 to ₹4,000 at IndianOil outlets, on up to ₹5,000 of eligible spend a month; the calculator applies the monthly cap and the ₹400 minimum at the typical fill, but not the ₹4,000 maximum, so very large single fills are over-credited. Points are on complete ₹100 steps of each transaction, which the calculator does not round.
- The T&C excludes "Transportation & Tolls" MCCs without listing them. The transport rule excludes the other-travel category except IRCTC and the online travel agencies; buses or car rental paid elsewhere may be over- or under-counted.
- A RuPay variant that works on UPI may exist (banner image name, listing wording) but is not confirmed, so UPI spends earn nothing here.
- The BookMyShow discount from 2026-11-01 needs ₹25,000 of spend in the previous 3 months. Dining Delights and Wednesday Delight terms were not fetched. No lounge or insurance benefit was found.
Sources
- IndianOil Axis Bank Credit Card product page (Product page, the bank's own, read 6 Nov 2026)
- IndianOil Axis Bank Credit Card page (axisbank.com) (Product page, the bank's own, read 6 Nov 2026)
- Axis Bank credit cards Key Fact Sheet (last updated 2026-10-08) (Schedule of charges, the bank's own, read 6 Nov 2026)
- Axis Bank credit card listing (axisbank.com) (Product page, the bank's own, read 6 Nov 2026)
- Axis Bank credit card listing (Product page, the bank's own, read 6 Nov 2026)
- Revision of INDIANOIL AXIS BANK Credit Card T&C (effective 2026-08-28 and 2026-11-01; PDF of 2026-07-27) (Bank notice, the bank's own, read 6 Nov 2026)
- Axis Bank credit cards Most Important Terms and Conditions (PDF created 2026-10-08) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- INDIAN OIL AXIS BANK CREDIT CARD Terms and Conditions (PDF of 2026-09-22) (Reward terms, the bank's own, read 6 Nov 2026)
- Revision of INDIANOIL AXIS BANK Credit Card T&C (effective 2025-06-20 and 2025-10-01) (Bank notice, the bank's own, read 6 Nov 2026)