Question 1

What is the annual fee on the INDIANOIL AXIS BANK Credit Card and how do you get it waived?

Accepted Answer

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.

Question 2

What is the reward rate on the INDIANOIL AXIS BANK Credit Card?

Accepted Answer

You earn 20 points per ₹100 on fuel transactions at IndianOil fuel outlets. Each point is worth about ₹0.2 when you redeem it well, so ₹10,000 of top category spend gives you 2000 points, roughly ₹400, which is about 4% back. The accelerated rate stops after ₹200 of spend in a month. Fuel spends at non-IndianOil outlets, Wallet loads, Rent, Insurance earn nothing at all.

Question 3

Which spends do not earn rewards on the INDIANOIL AXIS BANK Credit Card?

Accepted Answer

Fuel spends at non-IndianOil outlets, Wallet loads, Rent, Insurance, Utilities, Educational services earn nothing on this card. No reward points are earned on several major categories including rent, wallet loads, insurance, utilities, and government payments. Between them these cover a large part of a normal month, so work out your reward rate on eligible spend only, not on your total bill.

Question 4

What changed on the INDIANOIL AXIS BANK Credit Card recently and is it still worth it in 2026?

Accepted Answer

Same T&C update and ₹3.5L fee-waiver requirement. The changes are dated Jun 20, 2025. At ₹3.5L of yearly spend the card returns roughly ₹700 at its general rate of about 0.2%, against a ₹500 renewal fee. That clears the fee, but not by much, so it is worth keeping only while your spending stays in the accelerated category.

Card Details

INDIANOIL AXIS BANK Credit Card

Earn Points

Benefits

Reward Calculator

What Users Are Saying

Frequently Asked Questions

Things to Keep in Mind