IndianOil Axis Bank Premium Credit Card
Axis Bank · Closed to new applicants
Axis's fuel card for former IndianOil Citi holders: 6 EDGE Miles per ₹150 at IndianOil outlets (on ₹15,000 a statement), 2 per ₹150 on groceries (on ₹5,000 a statement) and 1 per ₹150 elsewhere, with each EDGE Mile worth ₹1 at IndianOil pumps. ₹1,000 joining and annual fee, the annual fee waived at ₹30,000 of spend, two domestic lounge visits a quarter. Closed to new applicants (inferred).
- Annual fee
- ₹1,000 + GST a year
- Joining fee
- ₹1,000 + GST
- Fee waiver
- Annual fee waived on ₹30,000 spend per card year
- Base rate
- 1 EDGE Mile per ₹150 on everything else: 1 EDGE Miles per ₹150 (about 0.67% at cash value)
- Lounges
- Domestic: 2 visits a calendar quarter after ₹50,000 spend
- Forex markup
- 3.5%
- Data
- From bank documents, checked 23 Oct 2026
Main earn rates
- 6 EDGE Miles per ₹150 at IndianOil outlets (5X accelerated plus 1X base): 6 EDGE Miles per ₹150 (about 4% at cash value)
- 2 EDGE Miles per ₹150 on groceries and supermarkets (1X accelerated plus 1X base): 2 EDGE Miles per ₹150 (about 1.33% at cash value)
Earns nothing on
- No miles on transportation (cabs and local transport)
- No miles on tolls, utilities, telecom, insurance, education, government, wallet, rent, gift cards, cash withdrawals or EMI conversions
Where the sources disagree
- Which spends do not count towards the annual fee waiver: Clause 3.2 of the card's terms excludes wallet, rent and insurance; clause 3.4 mentions rent (6513) and wallet (6540) only; the KFS footnote adds gift cards. We exclude all four.
Terms the calculator does not value
- EDGE Miles can also be converted to IndianOil XTRAREWARDS at 3 EDGE Miles = 10 XTRAREWARDS, and redeemed from the EDGE catalogue, by SMS or at partner outlets, with no rate given in the terms. The XTRAREWARDS programme is not in our programme list and is not valued.
- The excluded "transportation" MCCs (4111, 4121, 4131: commuter transport, taxis, buses) are a narrower set than the other-travel category; the transport rule excludes that category except IRCTC and the online travel agencies, so car rental (7512) and other travel agents paid directly earn nothing here though the terms do not exclude them.
- Accelerated miles need the merchant to be identified as an IndianOil outlet with an authorised terminal; the calculator assumes every IndianOil fuel spend qualifies.
Sources
- IndianOil Axis Bank Premium Credit Card product page (Product page, the bank's own, read 20 Oct 2026)
- IndianOil Axis Bank Premium Credit Card member Terms and Conditions (Reward terms, the bank's own, read 20 Oct 2026)
- Axis Bank credit cards Key Fact Sheet (last updated 2026-10-08) (Schedule of charges, the bank's own, read 20 Oct 2026)
- Axis Bank credit cards Most Important Terms and Conditions (PDF created 2026-10-08) (Most important terms (MITC), the bank's own, read 20 Oct 2026)
- Axis Bank migration page for IndianOil Citi Credit Card holders (Bank notice, the bank's own, read 20 Oct 2026)
- Axis Bank Credit Cards Domestic Airport Lounge Access Program (Reward terms, the bank's own, read 20 Oct 2026)
- Axis Bank credit card listing (41 cards, no IndianOil Premium) (Product page, the bank's own, read 20 Oct 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 20 Oct 2026)
- Axis Bank Travel EDGE terms, Points/Miles Transfer Program (partners, ratios, groups and caps) (Reward terms, the bank's own, read 20 Oct 2026)
- Third-party report on Axis's September 2026 transfer partner rewrite (Magnify) (Third-party site, read 20 Oct 2026)