What is the annual fee for Indian Oil Axis Bank Premium Credit Card?

The annual fee for Indian Oil Axis Bank Premium Credit Card is ₹1,000. The fee is waived on annual spend above ₹30,000.

What is the joining fee for Indian Oil Axis Bank Premium Credit Card?

The one-time joining fee for Indian Oil Axis Bank Premium Credit Card is ₹1,000.

What are the rewards and benefits of Indian Oil Axis Bank Premium Credit Card?

Indian Oil Axis Bank Premium Credit Card earns points rewards. Reward rate ranges from 1% to 5%. You earn 4 points per ₹100 spent.

What lounge access benefits does Indian Oil Axis Bank Premium Credit Card provide?

Indian Oil Axis Bank Premium Credit Card provides 2 domestic lounge visits per quarter and 0 international lounge visits per year.

What is the eligibility criteria for Indian Oil Axis Bank Premium Credit Card?

To be eligible for Indian Oil Axis Bank Premium Credit Card, you need a minimum monthly income of ₹25,000.

RBI Approved

Secure Payments

Community

(0)

Your Rating

Axis Bank

Indian Oil Axis Bank Premium Credit Card

Name: Indian Oil Axis Bank Premium Credit Card
Brand: Axis Bank
Price: 1000 INR
Availability: InStock

The Indian Oil Axis Bank Premium Credit Card upgrades the base IOCL card with a lounge access benefit and higher reward rates.

Co-branded

CardCheck ScoreExcellent

Top Category Performance

RuPay UPI Scan & Pay (88/100)

Best for: Heavy IOCL fuel users — premium rewards + lounge access

Joining Fee

₹1,000

Annual Fee

₹1,000

Reward Rate (%)

1 – 5

Forex Markup

3.5%

Community

(0)

Your Rating

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.

ExcellentScore / 100

Reward Power

34/35

Fee Value & ROI

20/25

Lounge & Perks

15/20

Forex & Access

12/20

Category Strengths Breakdown

Ranked by strongest spend category

RuPay UPI Payments

88/100

Online Shopping

84/100

Travel & Lounge

82/100

Cashback Spends

75/100

Scoring 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 Premium Credit Card Benefits

Welcome benefit: 500 EDGE Miles on the first transaction within 30 days

Up to 5% value back on IndianOil fuel spends (4% as EDGE Miles + 1% fuel surcharge waiver)

Earn 6 EDGE Miles per ₹150 spent at IndianOil fuel outlets

Earn 2 EDGE Miles per ₹150 on grocery and supermarket spends

Earn 1 EDGE Mile per ₹150 on all other eligible retail spends

2 complimentary domestic airport lounge visits per quarter (8 per year)

1% unlimited fuel surcharge waiver at IndianOil fuel outlets

30% instant discount on Zomato (up to ₹150 per order, twice per month)

Indian Oil Axis Bank Premium Credit Card Rewards

How you earn back on every swipe

points

Reward type

1% – 5%

Earn rate

Points / ₹100

₹0.25

Per point

Indian Oil Axis Bank Premium 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.

Joining fee₹1,000

Annual fee₹1,000

Fee waiver on annual spend₹30,000

Interest rate (APR)55.55%

Late payment fee (max)₹1,200

Forex markup3.5%

Fuel surcharge waiverYes (₹400–₹4000)

Indian Oil Axis Bank Premium 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

insurance
gold & jewellery
financial institutions
cash advances
repayments
rent
wallet load
utility & telecom
education
government services

Card Features

Metal Card

Contactless

UPI Linked

Fee Waiver Spend Simulator

Simulate your spend to check waiver eligibility

Waiver Target: ₹30,000/yr

Your Estimated Monthly Spend:₹2,500/mo

Presets:

Annual Fee 100% Waived₹30,000 / ₹30,000

🎉 Annual renewal fee 100% waived! At ₹2,500/mo (₹30,000/yr), your ₹1,000 fee drops to ₹0.

Gross Rewards+₹1,500

Effective Fee₹0 (Waived)

Net Profit/Yr+₹1,500

Tips & reviews

Community comments — not financial advice. Bank terms still apply.

Checking sign-in…

Indian Oil Axis Bank Premium Credit Card Eligibility

Age18+ yrs – 70

Min. income₹25,000/month

CIBIL score720+

Employment type

SalariedSelf employed

Pros & Cons

Pros

Excellent card for regular IndianOil fuel users
Complimentary domestic lounge access
Low annual spend requirement for fee waiver
Good rewards on grocery purchases
Unlimited fuel surcharge waiver at IndianOil outlets
EDGE Miles can be redeemed across multiple travel partners
Valuable Zomato dining benefit
Good combination of fuel and travel benefits

Cons

Fuel rewards are restricted to IndianOil outlets
Forex markup of 3.5% is high
No international airport lounge access
Base reward rate on general spending is relatively low
No milestone spend rewards
No golf or premium lifestyle privileges
Reward exclusions apply to categories such as rent, wallets, utilities, insurance, and government payments
Less rewarding for users with low fuel expenditure