IndianOil Axis Bank Credit Card
An IndianOil fuel card: 20 EDGE REWARD Points per ₹100 at IndianOil outlets (4% value back) on up to ₹5,000 a month, 5 points per ₹100 online on up to ₹5,000 a month and 1 point per ₹100 elsewhere, with points worth ₹0.20. Every figure below is copied from Axis Bank’s own documents; open a figure’s source link to read it there. Official terms last checked 2026-10-16.
Fees and charges
| Joining fee | ₹500 plus GST Product page |
|---|---|
| Annual fee | ₹500 plus GST Product page |
| Annual fee waiver | On ₹3,50,000 of spend in the year Terms |
| GST on fees | As applicable (18% assumed in calculations) |
| Foreign-currency markup | 3.5% of the transaction, plus GST Product page |
| Fees are plus applicable taxes; the annual fee is charged from the second year. | |
| Reward redemption fee | ₹99 plus GST Product page |
Rewards
Reward points, ₹0.20 each when redeemed as stated Product page.
| Spend | Earns | Cap |
|---|---|---|
| Fuel at IndianOil outlets, on up to ₹5,000 a calendar month | 20 points per ₹100 Terms | up to 1,000 points a month Terms |
| Online spends, on up to ₹5,000 a calendar month | 5 points per ₹100 Terms | up to 250 points a month Terms |
| Other eligible retail spends | 1 point per ₹100 Terms | no cap on record |
Points are earned only on whole multiples of ₹100; transactions under ₹100 earn nothing. Jewellery, gift cards and tolls earn nothing.
No rewards on
Benefits
Also on this card
Quoted from Axis Bank; not counted in the net value.
- BookMyShow: 10% off movie tickets, up to ₹100 a month (from 1 Nov 2026 it needs ₹25,000 of spend in the previous 3 months) Terms
Eligibility
- Primary cardholder aged 18 or above Product page
- Primary cardholder aged 70 or below Product page
The issuer publishes only part of its criteria; approval rests on its own assessment.
Not published by Axis Bank in the documents read
- the card network
- a RuPay variant for UPI (the Axis listing says the card can pay by UPI, but no document names a RuPay variant)
- a minimum income
Where Axis Bank’s documents differ, and what is used
- Fuel surcharge waiver: the product page says it applies at any fuel outlet (₹50 a statement cycle); the card's terms say only at eligible IndianOil outlets (₹50 a calendar cycle). The narrower terms are used.
The quotes behind the figures
30 figures, each copied from an official Axis Bank document.
Show every quote and source
“Joining Fee ₹500”
“Annual fee 1st Year: Nil 2nd Year onwards: ₹500”
“The annual fee shall be waived for an anniversary year where eligible spends of INR 3,50,000 or more are achieved during that anniversary year.”
“Foreign currency transaction fee 3.5% of the transaction value”
“Enjoy benefit of 4% value back on fuel transactions by earning 20 reward points per ₹100 spent at any IOCL fuel outlet in India.”
“The Cardmember shall earn 20 EDGE REWARD Points for every INR 100 spent on eligible fuel transactions at IndianOil outlets, on cumulative eligible fuel spends of up to INR 5,000 per calendar month.”
“5.2.2 The accelerated benefit shall be capped at 1,000 EDGE REWARD Points per calendar month.”
“Fuel transactions beyond the monthly eligible spend shall not receive any reward.”
“The Cardmember shall earn 5 EDGE REWARD Points for every INR 100 spent on eligible online transactions, on cumulative eligible online spends of up to INR 5,000 per calendar month.”
“5.3.2 The accelerated benefit shall be capped at 250 EDGE REWARD Points per calendar month.”
“Enjoy benefit of 1% value back on online shopping by earning 5 reward points per ₹100 spent.”
“The Cardmember shall earn 1 EDGE REWARD Point for every INR 100 spent on other eligible retail transactions.”
“EDGE REWARD Points shall be calculated on eligible settled spends in multiples of INR 100. Transactions below INR 100 and any residual amount below a complete INR 100 multiple shall not earn points.”
“Fuel, wallet, rent, cash withdrawals, EMI-related transactions, fees, charges, taxes and other categories excluded by Axis Bank shall not earn base points unless specifically communicated otherwise.”
“Spends on Insurance, Gold/Jewellery , Wallet, Rent, Utilities, Government Institutions, Education will not be eligible for earning EDGE REWARDS”
“For rewards earn: Transactions made on Utility & Telecom, Education, Rent, Wallet load, Government services, Insurance, Gold & Jewellery, Financial Institutions, Cash advances and Repayments.”
“Rent transactions and wallet load transactions will not be considered for waiver”
“Fuel Spends In India at any fuel outlet between ₹400 to ₹4000 to avail the offer. Maximum waiver of ₹50 per statement cycle.”
“The Cardmember shall be eligible for 100% value back, up to 1,250 EDGE REWARD Points, on the first eligible fuel transaction made within 30 days from the date of Card issuance.”
“The maximum discount shall be INR 100 per Card per calendar month.”
“INDIANOIL AXIS BANK Credit Card Compare Now seamlessly pay with UPI using your credit card”
“Finance charges (Retail purchases and cash) 3.75% per month (55.55% per annum)”
“G.S.T As per existing government norms”
“Reward Redemption fee ₹99 per transaction on the EDGE REWARDS platform”
“A 1% fuel surcharge waiver shall apply on eligible fuel transactions between INR 400 and INR 4,000 at eligible IndianOil outlets.”
“The maximum fuel surcharge waiver shall be INR 50 per calendar cycle.”
“Customers will get Welcome Benefit for eligible transactions at a rate of 5 Edge Rewards against every 1 Rupee spent up to a max spends of INR 250.”
“To be eligible for the 10% instant discount up to INR 100 on BookMyShow offer, you need to spend INR 25,000 in the previous 3 months.”
“Primary Cardholder should be 18-70 years of age”
“The individual should either be a Resident of India or a Non-Resident Indian *The above criteria are only indicative. The bank reserves the right to approve or decline applications for credit card. Apply Now”
Terms change, sometimes without notice. Read the issuer’s current terms before applying. CardWise has no affiliate arrangement with Axis Bank or any issuer. Issuer names and logos belong to their owners and are shown only to identify each card’s issuer; CardWise is not affiliated with any issuer. The logo is Axis Bank’s own file from its website, unaltered, fetched 2026-10-15. Methodology