IndianOil Axis Bank Credit Card
Accelerate your savings on every fuel refill
Annual Fee
₹500
Base Rewards
0.2%
Forex Fee
3.5%
Expert Verdict
The IndianOil Axis Bank Credit Card is one of the best entry-level fuel cards in India, especially for those loyal to IOCL pumps. Its integration with RuPay for UPI payments adds significant utility for daily spends.
Quick Match
Is this card right for you?
Great match for your profile!
Your Estimated Value
Year 1
+₹950
Includes ₹250 bonus
Year 2+
+₹700
Fee waiver eligible!
Why get this card
4% value back on fuel transactions at IndianOil outlets via 20 EDGE points per ₹100 spend
1% value back on online shopping transactions between ₹100 and ₹5,000
RuPay variant allows UPI linking for seamless merchant payments
Low annual fee waiver threshold of just ₹50,000 annual spend
Watch out for
Accelerated fuel rewards are capped at a monthly spend of ₹5,000
No complimentary domestic or international airport lounge access
Low base reward rate of 0.20% on other categories
Who is this card for?
Best for
fuel spender
Individuals who primarily use IndianOil outlets for vehicle refueling and want a high cashback rate.
Min: ₹5,000/mo
upi user
Users looking to earn rewards on small merchant payments via UPI using the RuPay network.
Min: ₹2,000/mo
Skip if you're
frequent traveler
This card lacks lounge access and travel-specific insurance or benefits.
Base Earning
1 EDGE Reward Points
per ₹100 spent
0.2%
effective rate
Point value: ₹0.20/point
Bonus Categories
FUEL
20×
4% return
1000 pts/month
SHOPPING
5×
1% return
250 pts/month
Welcome Offer
100% cashback up to ₹250 on the first fuel transaction at an IOCL outlet within 30 days of card issuance.
₹250
value
Spend ₹100 within 30 days
Milestones
Spend ₹0.5L
Annual fee of ₹500 is waived on spending ₹50,000 in the preceding year.
No rewards on:
Fuel, rent payments, utility bills, government payments, wallet loads, insurance premiums, EMI transactions
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Upgrade Path
Move up or down within this bank