IndianOil Easy Axis Bank Credit Card
Axis Bank · Open to apply
The fixed-deposit-backed version of the IndianOil Axis Bank card (FD from ₹15,000 as the floor Axis quotes for FD-linked cards, credit limit 80% of the deposit). Earns 20 EDGE Reward points per ₹100 at IndianOil outlets (4% back, up to ₹5,000 a month), 5 per ₹100 on online shopping and 1 per ₹100 elsewhere. Interest is 3.4% a month. Its detailed earn rules are borrowed from the IndianOil card (see not_modelled).
- 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 EDGE Reward 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 EDGE Reward points per ₹100 at IndianOil outlets (4% value back): 20 EDGE Reward points per ₹100 (about 4% at cash value)
- 5 EDGE Reward points per ₹100 on online shopping: 5 EDGE Reward points per ₹100 (about 1% at cash value)
Earns nothing on
- No points on fuel away from IndianOil outlets
- No points on telecom, utilities, insurance, education, government, wallet, rent, jewellery, gift cards, EMI and cash-like spends
- No points on transportation (cabs and local transport)
- No points on bridge, road and toll fees
Where the sources disagree
- Joining and annual fee: The KFS shows ₹500 joining and ₹500 annual (starred as not applicable if a lifetime free or different fee is given at application). The card listing shows ₹NIL for both with a "Fee waiver" tag and no condition. We enter the ₹500 standard fee.
Terms the calculator does not value
- This card has no page of its own. The earn rates, caps, exclusions, welcome benefit and offers above come from the IndianOil Axis Bank card's page and terms, to which Axis's FD-linked menu links this card; the listing's two benefit lines for IndianOil Easy (up to 1,250 points on the first fuel transaction, 4% value back at IndianOil outlets) match that card's. Whether the Easy card differs in any other term is unconfirmed.
- The FD earns interest while it secures the card, and the FD stays locked while the card is active. The calculator does not count the deposit's interest or its cost of being tied up.
- Fuel surcharge waiver: the KFS and MITC refund lists do not name this card. The IndianOil card refunds the 1% surcharge at IndianOil outlets up to ₹50 a statement; none is entered here.
- The IndianOil card's BookMyShow discount needs ₹25,000 of spend in the previous three months from 2026-11-01, per its own revision notice. Whether that applies to the Easy card is not stated. The IndianOil card charges ₹99 a redemption on the EDGE platform; this card's redemption fee is not stated.
Sources
- Axis Bank credit card listing (IndianOil Easy Axis Bank Credit Card entry) (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 cards Most Important Terms and Conditions (PDF created 2026-10-08) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- Axis Bank Credit Card against Fixed Deposit page (Product page, the bank's own, read 6 Nov 2026)
- Axis Bank lien and label marking consent for Easy credit cards (Bank notice, the bank's own, read 6 Nov 2026)
- IndianOil Axis Bank Credit Card product page (the page Axis's FD-linked menu links for IndianOil Easy) (Product page, the bank's own, read 6 Nov 2026)
- INDIAN OIL AXIS BANK CREDIT CARD Terms and Conditions (Reward terms, the bank's own, read 6 Nov 2026)
- Revision of Axis Bank Credit Card Terms and Conditions, effective 2026-08-28 (generic notice, PDF of 2026-07-27) (Bank notice, the bank's own, read 6 Nov 2026)
- Travel EDGE Program eligible Credit and Debit Cards (list dated 2024-06-18) (Reward terms, the bank's own, read 6 Nov 2026)