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
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
Reward Calculator
NOTE: Enter your monthly spends to see
projected returns.
Estimated Returns
IndianOil fuel pumps
6 pts / ₹150
₹64
Grocery and Supermarkets
2 pts / ₹150
₹0
all other spends (excluding fuel, grocery, supermarket,…
1 pts / ₹150
₹0
Total Annual Return
₹768
0.8% 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.
Things to Keep in Mind
Reward caps, lounge rules, and fee waivers vary by issuer. Confirm on the bank's official page.
Spend multipliers and exclusions change with promotions.