Indian Oil Axis Bank Premium Credit Card
The Indian Oil Axis Bank Premium Credit Card upgrades the base IOCL card with a lounge access benefit and higher reward rates.
Fuel & Petrol Fit Score
90/100
Joining Fee
₹1,000
Annual Fee
₹1,000
Reward Rate (%)
0.2 – 4
1 pts/₹100 · ₹0.2/pt
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
20/25
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 Premium Credit Card Benefits
Indian Oil Axis Bank Premium Credit Card Rewards
How you earn back on every swipe
points
Reward type
0.2% – 4%
Earn rate
1
Points / ₹100
₹0.2
Per point
₹400
Monthly cap
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 statutory charges are detailed in the official Most Important Terms and Conditions (MITC).
Indian Oil Axis Bank Premium Credit Card Lounge Access
Airport perks included with this card
2 per quarter
Domestic 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
Fee Waiver Spend Simulator
Simulate your spend to check waiver eligibility
🎉 Annual renewal fee 100% waived! At ₹2,500/mo (₹30,000/yr), your ₹1,000 fee drops to ₹0.
Tips & reviews
Community comments — not financial advice. Bank terms still apply.
Indian Oil Axis Bank Premium Credit Card Eligibility
Employment type
Pros & Cons
- 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
- 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
Who is this card for?
IOCL petrol pump regulars who spend ₹8,000+/month on fuel and want additional lifestyle benefits.
Quick Links
Data last updated 4 Sept 2026
Calculate your exact earnings with Indian Oil Axis Bank Premium Credit Card
Enter your monthly spending in groceries, dining, fuel, travel, and shopping to calculate your estimated net return after fees, reward caps and exclusions.
See CardCheck in your Google Search & AI results
Add as a preferred source to get our credit card updates first.