Card Details
IndianOil Axis Bank Premium Credit Card
Monzy Score
6/ 10
Decent for high fuel spenders.
Thin rewards outside 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
6pts
/₹150 on Indianoil Fuel Pumps (max ₹600/Mo)
2pts
/₹150 on Grocery & Supermarkets (max ₹66.66/Mo)
1pts
/₹150 on All Other Spends
20% off
Off at 4000+ Dining Delight Restaurants
Benefits
1% Fuel Surcharge Waiver
- 6 Edge Reward Pts per ₹100 at Indianoil
1 Edge Mile /₹150 on Other Spends
- 6 Edge Reward Pts /₹100 Online Shopping
Purchase Protection up to ₹1 Lakh
2 Edge Miles = 1 Partner Airline Point
8 Complimentary Domestic Lounge Visits/Year
2X Edge Miles per ₹150 at Grocery
2 Edge Miles = 1 Partner Hotel Point
Reward Calculator
NOTE: Enter your monthly spends to see
projected returns.
Excluded: transport, tolls, utilities, insurance, education, government, wallet, rent
Estimated Returns
Fuel at IndianOil outlets
6X EDGE Miles per Rs.150 (=4/100); cap 600 EDGE Miles/month on up to Rs.15,000 fuel spend; base 1X beyond. 1 EDGE Mile=Rs.1 for IndianOil fuel = 4% value + 1% surcharge waiver
₹600
Groceries & Supermarket
2X EDGE Miles per Rs.150; capped 33 Miles/month (Rs.5,000 spend)
₹33
All other eligible spends
1 EDGE Mile per Rs.150. Point value Rs.1 assumes fuel redemption; TravelEdge redemption = Rs.0.20/mile, airline transfer 2:1
₹84
Total Annual Return
₹8,603
2.39% Effective ROIWhat Users Are Saying
Community Feed
Jul 2025
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by r/CreditCardsIndia, Jul 2025
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Frequently Asked Questions
The IndianOil Axis Bank Premium Credit Card charges ₹1,000 plus GST as a joining fee and the same ₹1,000 again at renewal. Axis Bank waives the renewal fee if you spend ₹1L in the previous year, which is about ₹8,333 a month. If your card spend sits below that, treat ₹1,000 as a real yearly cost that your rewards have to clear first.
