Find my best card →
faayda.com › cards › IndianOil Axis Bank Credit Card
Axis Bank · RuPay · हिन्दी

IndianOil Axis Bank Credit Card: full review

The IndianOil Axis Bank card is the go-to card for Indian Oil loyalists. The 5% effective return (4% rewards + 1% surcharge waiver) at IOCL pumps with RuPay UPI functionality makes it genuinely useful for daily commuters. Like all fuel co-brands, its value drops significantly outside the fuel category.

Apply now ↗Annual fee: ₹500 + taxes
Last updated: August 2026 · Current terms verified
AXIS BANK
RuPay
)))
INDIANOIL
ASHOK KUMAR
12/28
₹500 + taxes (waived on ₹3,50,000/year spend)Annual fee
4% value back on IOCL fuel (20 EDGE points/₹100, capped ₹5,000/month); 1% on online shopping; 1% fuel surcharge waiverReward structure
None on standard variantLounge access

Key benefits of the IndianOil Axis Bank Credit Card

20 EDGE reward points per ₹100 on fuel at any IOCL outlet in India (4% value back; capped ₹5,000 eligible spend/month)5 EDGE reward points per ₹100 on online shopping (1% value back; capped ₹5,000/month)1 EDGE reward point per ₹100 on all other retail spends (0.2%)1% fuel surcharge waiver on IOCL fuel transactions (₹400–₹4,000)EDGE Points redeemable for IOCL fuel or via Axis EDGE Rewards portal at 1:1 for fuel10% instant discount at partner restaurants via EazyDiner15% off on movie tickets via District app (up to ₹100, once/month)Annual fee waived on ₹3.5L/year spendRuPay network, linkable to UPI apps for credit card paymentsWelcome benefit: 100% cashback (up to ₹250) on first IOCL transaction within 30 days
Apply now ↗ Min. income: ₹15,000/month (salaried) · Credit score: 700+
Pros and cons
Pros
✓ Best Indian Oil fuel card, 4% + 1% surcharge waiver = 5% effective at IOCL
✓ RuPay enables UPI credit card payments
✓ Fee waivable at ₹3.5L/year spend
✓ Points redeemable directly for IOCL fuel, maximally useful for fuel users
Cons
✗ Only at IOCL outlets, no benefit at BPCL or HPCL stations
✗ 4% capped at ₹5,000/month fuel spend (₹200/month max cashback)
✗ Very low 0.2% on non-fuel, non-online spends
✗ No lounge access on standard card
Quick facts
Issuer Axis Bank
Network RuPay
Annual feeThe yearly fee a bank charges for holding the card, often waived if you spend enough in a year.Full definition → ₹500 + taxes (waived on ₹3,50,000/year spend)
Joining feeA one-time fee charged when you first get the card, separate from the recurring annual fee.Full definition → ₹500
Lounge accessFree entry to airport lounges, usually limited to a set number of visits per quarter or year.Full definition → None on standard variant
Forex markupThe extra fee your bank adds on top of the real exchange rate for any spend in a foreign currency.Full definition → 3.5%
Min. incomeThe minimum income, credit score, and other conditions a bank requires before approving your application.Full definition → ₹15,000/month (salaried)
Min. credit scoreYour 3-digit credit score (300-900), higher scores make approval easier and can unlock better cards.Full definition → 700+
SourceAxis Bank's published card terms and official card page · Last updated August 2026
Calculate your annual benefit

Enter your typical monthly spend to see exactly how much you'd earn with this card.

₹
₹
₹
₹
₹
₹
Enter your monthly spend above to see your benefit
Frequently asked questions
The annual fee for IndianOil Axis Bank Credit Card is ₹500 + taxes (waived on ₹3,50,000/year spend). The joining fee is ₹500.
The main benefits of the IndianOil Axis Bank Credit Card are: 20 EDGE reward points per ₹100 on fuel at any IOCL outlet in India (4% value back; capped ₹5,000 eligible spend/month); 5 EDGE reward points per ₹100 on online shopping (1% value back; capped ₹5,000/month); 1 EDGE reward point per ₹100 on all other retail spends (0.2%); 1% fuel surcharge waiver on IOCL fuel transactions (₹400–₹4,000); EDGE Points redeemable for IOCL fuel or via Axis EDGE Rewards portal at 1:1 for fuel; 10% instant discount at partner restaurants via EazyDiner; 15% off on movie tickets via District app (up to ₹100, once/month); Annual fee waived on ₹3.5L/year spend; RuPay network, linkable to UPI apps for credit card payments; Welcome benefit: 100% cashback (up to ₹250) on first IOCL transaction within 30 days.
4% value back on IOCL fuel (20 EDGE points/₹100, capped ₹5,000/month); 1% on online shopping; 1% fuel surcharge waiver
IndianOil Axis Bank Credit Card is best for Regular Indian Oil fuel users wanting best cashback at IOCL pumps. The IndianOil Axis Bank card is the go-to card for Indian Oil loyalists. The 5% effective return (4% rewards + 1% surcharge waiver) at IOCL pumps with RuPay UPI functionality makes it genuinely useful for daily commuters. Like all fuel co-brands, its value drops significantly outside the fuel category.
The minimum income requirement for IndianOil Axis Bank Credit Card is ₹15,000/month (salaried). A minimum credit score of 700+ is also recommended.
IndianOil Axis Bank Credit Card does not offer airport lounge access.
IndianOil Axis Bank Credit Card charges a 3.5% foreign currency markup on international transactions. This is in line with the standard 3.5% charged by most Indian credit cards.
Related guides
Best Fuel Credit Cards →
Card reviews
RBL Bank IRCTC Credit CardFrequent IRCTC train travellers who will use the railway lounges and want cancellation protection, not a general-purpose rewards cardRBL Bank IndianOil XTRA Credit CardHeavy IndianOil fuel spenders who will redeem points at IndianOil pumps, not those wanting flexible cashbackBPCL SBI Credit CardBPCL fuel station regularsSC Super Value Titanium Credit CardUtility, fuel and telecom bills at a low annual fee
Compare with similar cards
IndianOil Axis Bank vs RBL Bank IndianOil XTRA Compare →IndianOil Axis Bank vs BPCL SBI Compare →IndianOil Axis Bank vs ICICI Bank HPCL Super Saver Compare →IndianOil Axis Bank vs IDFC FIRST Power Compare →
Embed this card
Add this widget to your site
Writing a review or comparison for the IndianOil Axis Bank Credit Card? Embed this live widget. It always shows our current, verified fee and reward rate, so it never goes stale.
Live preview
<iframe src="https://faayda.com/embed/indianoil-axis"
  width="420" height="260"
  frameborder="0"></iframe>
No sign-up · Free to use
IndianOil Axis Bank₹500 + taxes
Apply now ↗