Axis BankIndian Oil Axis Bank Credit Card
The Indian Oil Axis Bank Credit Card is designed specifically for frequent fuel buyers at Indian Oil petrol pumps.
Top Category Performance
RuPay UPI Scan & Pay (88/100)
Joining Fee
₹500
Annual Fee
₹500
Reward Rate (%)
1 – 4
Forex Markup
3.5%
Apply may use an affiliate link — we may earn a commission; this doesn't affect our data or ratings.
CardCheck Rating & Score
Our proprietary algorithm evaluates cards across reward value, fee fairness, lounge access and terms to provide an unbiased score.
Reward Power
31/35
Fee Value & ROI
22/25
Lounge & Perks
15/20
Forex & Access
12/20
Category Strengths Breakdown
Ranked by strongest spend categoryScoring Methodology: Evaluated deterministically using verified bank MITC filings, fee waiver spend ratios, reward percentage caps, and lounge agreements. No card receives sponsored score inflation. Learn how we score →
Indian Oil Axis Bank Credit Card Benefits
Indian Oil Axis Bank Credit Card Rewards
How you earn back on every swipe
points
Reward type
1% – 4%
Earn rate
1
Points / ₹100
₹0.25
Per point
₹5,000
Monthly cap
Indian Oil Axis Bank Credit Card Fees & Charges
Programme fees we track below. Interest on cash withdrawals or revolving balances, late-payment slabs and other charges are set by the bank and spelled out in their Most Important Terms and Conditions (MITC). Use the official product page for those details.
Indian Oil Axis Bank Credit Card Lounge Access
Airport perks included with this card
2 per quarter
Domestic lounge visits
0 per year
International lounge visits
Things to Keep in Mind
- utility & telecom
- education
- rent
- wallet load
- government services
- insurance
- gold & jewellery
- financial institutions
- cash advances
- repayments
Card Features
Fee Waiver Spend Simulator
Simulate your spend to check waiver eligibility
🎉 Annual renewal fee 100% waived! At ₹29,167/mo (₹3,50,004/yr), your ₹500 fee drops to ₹0.
Tips & reviews
Community comments — not financial advice. Bank terms still apply.
Indian Oil Axis Bank Credit Card Eligibility
Employment type
Pros & Cons
- Strong fuel rewards for IndianOil users
- Low annual fee
- Fuel surcharge waiver included
- Online shopping rewards available
- Domestic lounge access benefit
- RuPay UPI support available
- Welcome fuel reward benefit
- Good entry-level fuel credit card
- Fuel rewards capped monthly
- Benefits mainly restricted to IndianOil outlets
- No international lounge access
- Average reward rate on non-fuel spends
- Reward redemption fee applicable
- High annual spend requirement of ₹3.5 lakh for fee waiver
- Forex markup of around 3.5% is high
- Accelerated fuel rewards capped at ₹5,000 fuel spends per month
- Better fuel cards available for high spenders
Who is this card for?
Commuters and vehicle owners who regularly refuel at Indian Oil petrol pumps and want to offset fuel costs. Best for monthly fuel spends of ₹5,000+.
Quick Links
Data last updated 10 Aug 2026
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More from Axis Bank
Calculate your exact earnings with Indian Oil Axis Bank Credit Card
Enter your monthly spending in groceries, dining, fuel, travel, and shopping to calculate your guaranteed net return after annual fees.