Axis IndianOil Credit Card Review
Fuel card
The Axis IndianOil has a ₹500 annual fee + GST, waived on ₹3,50,000 annual spend. It earns 0.2% back on regular spends and up to 4% on IOCL outlets. Best for: indianoil fuel savings — our verdict: recommended.
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The Axis IndianOil card is a focused fuel card delivering ~4% value on IOCL spends (capped at 1,000 points/month) plus a small online boost, all for a low Rs. 500 fee. The Rs. 0.20 point value, tight caps and non-IOCL fuel exclusion keep it narrow, so it is best as a dedicated IndianOil refuelling card.
Fuel card
The Bottom Line
The Axis IndianOil is built for iocl fuel loyalist and budget fuel-plus-online user. With a ₹500 annual fee that is waived on ₹3,50,000 yearly spend, it offers 4% rewards on iocl outlets (fuel) and a welcome benefit worth ₹250. It makes the most sense if your spending matches iocl fuel loyalist and budget fuel-plus-online user.
It earns a base reward rate of 0.2% and stacks best when your spending lines up with IOCL fuel loyalist, Budget fuel-plus-online user. The renewal fee gets easier to justify once you can hit ₹3,50,000 in yearly spend.
Who Should Get This Card
Use this as a quick filter before comparing rewards or fees in detail.
Best fit for
IdealA driver who fuels up at IndianOil outlets and can capture the 20x earn up to 1,000 points/month on a low Rs. 500 fee.
Someone who wants fuel savings alongside a modest 5x online boost without paying a high fee.
Probably not for
SkipFuel at other brands earns nothing and the 1,000-point IOCL cap limits heavy refuellers.
There is no airport lounge access and a 3.5% forex markup, so travellers gain little.
Is It Worth It For You?
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Reward Rates
Axis IndianOil offers 0.2% basic reward rate.
Quick Calculator
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Welcome Offer
100% cashback on all fuel transactions.
Milestone Benefits
Annual fee waived on ₹3,50,000 annual spend (₹50k was obsolete pre-2024 threshold)
Fees & Charges
Eligibility
- Min Income: ₹2.4 Lakhs
- Min Credit Score: 750
- Age 18-70, Indian resident/NRI; min monthly salary ₹20,000; salaried applicants; RuPay network.
Exclusions & Terms
Forex markup
- Foreign currency markup
Indian Railways
- Surcharge as prescribed by railways will be applicable.
EMI Transactions
- No reward points are earned.
Cash Advances
- No reward points are earned.
Payment of fees & charges
- No reward points are earned.
Frequently Asked Questions
8 data-backed answers from our card database
Ready to apply?
₹500 annual fee. Apply on the Axis Bank website.
Apply on Axis Bank →We may earn a commission if you apply through this link. It never affects our ratings.
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