Card Details
INDIANOIL AXIS BANK Credit Card
Monzy Score
7/ 10
Good for high fuel spenders.
Strong ~4% back in its core category; high 3.5% forex markup.
Card Issuer
Axis Bank
Joining Fee
Zero
Annual Fee
₹500
Reward Type
—
Card Access
Standard
Changes to this card
Offers from Axis Bank
See all8% instant discount up to ₹4,500* on Flipkart
Shopping Deals · till 12 Sep 2026
Up to 12% instant discount up to ₹5,000 on Paytm Flights
Travel Deals · till 15 Sep 2026
Up to 12% instant discount up to ₹5,000 on ixigo
Travel Deals · till 15 Sep 2026
Up to 12% instant discount up to ₹5,000 on Yatra
Travel Deals · till 15 Sep 2026
Get instant discount up to ₹15,000* at Apple authorised reseller stores
Electronics Deals · till 26 Sep 2026
Earn Points
20pts
/₹100 at Indianoil Outlets (max ₹200/Mo)
5pts
/₹100 on Online Shopping
1 pt
/₹100 on Retail Purchases
500-1250
Bonus Pts on 1St Transaction
Benefits
15% Discount on Dining via Eazydiner
4% Value Back on Iocl Fuel Spends
- 1% Fuel Surcharge Waiver
- 500-1250 Bonus Pts on 1St Fuel Txn (30D)
10% Instant Discount on Bookmyshow Tickets
Personal Accident Insurance Included
Link With Upi Apps
₹500 Annual Fee
Reward Calculator
NOTE: Enter your monthly spends to see
projected returns.
Excluded: rent, wallet, insurance, education, government, gold, utilities
Estimated Returns
Fuel at IOCL outlets
20 EDGE Points per Rs.100 on IOCL fuel txns of Rs.400-4000; accelerated earn capped ~1000 pts/month (Rs.5,000 spend) = Rs.200; 1 pt=Rs.0.20 = 4% value + 1% surcharge waiver
₹200
Online shopping
5 EDGE Points per Rs.100 online (txn Rs.100-5000); ~1% value
₹250
All other spends
1 EDGE Point per Rs.100; ~0.20% value
₹0
Total Annual Return
₹5,400
1.5% Effective ROIWhat Users Are Saying
Community Feed
Jul 2025
“Axis Indian Oil Premium Card”
by r/CreditCardsIndia, Jul 2025
“Is the Axis Bank IOCL Card Worth It?”
by r/CreditCardsIndia, Jul 2024
“Unpacking the Fuel Surcharge Mystery with my Axis Bank”
by r/CreditCardsIndia, Jul 2024
“Indian oil axis rupay card?”
by r/CreditCardsIndia, Oct 2025
“Axis IOCL Premium Credit Card”
by r/CreditCardsIndia, Jul 2025
Frequently Asked Questions
The joining fee is ₹0 plus GST and the renewal fee is ₹500 plus GST. Axis Bank waives the renewal fee if you spend ₹3.5L in the previous year, which is about ₹29,167 a month. If your card spend sits below that, treat ₹500 as a real yearly cost that your rewards have to clear first.
Things to Keep in Mind
Accelerated fuel rewards are limited at 1,000 EDGE REWARD Points (on spends of ₹5,000) per calendar month.
Accelerated fuel rewards are only applicable on single transactions between ₹400 and ₹4,000.
Accelerated rewards are only valid for fuel purchases at IndianOil outlets; other fuel brands are excluded.
The 1% fuel surcharge waiver is limited at ₹50 per statement month.
