IndianOil Axis Bank Premium Credit Card
Fuel your journeys with premium rewards and lifestyle benefits
Annual Fee
₹1,000
Base Rewards
0.2%
Forex Fee
3.5%
Expert Verdict
The IndianOil Axis Bank Premium Credit Card is a solid step up from the entry-level fuel cards, offering a massive 6% value back on fuel at IOCL. However, the spend-linked lounge access and high interest rates require disciplined usage.
Quick Match
Is this card right for you?
This card could work well for you
Your Estimated Value
Year 1
+₹400
Includes ₹200 bonus
Year 2+
+₹200
Fee waiver eligible!
Why get this card
High fuel reward rate of 30 EDGE points per ₹100 spent at IOCL outlets (approx 6% value back)
Accelerated 5X rewards on online shopping transactions
Complimentary domestic lounge access (subject to spend criteria)
1% fuel surcharge waiver at all fuel stations in India
Watch out for
Lounge access is contingent on spending ₹50,000 in the previous 3 months
Low base reward rate of only 1 point per ₹100 (0.2% value)
Reward points value is relatively low at ₹0.20 per point
+1 more considerations
- High annual fee compared to the standard IndianOil Axis card
Who is this card for?
Best for
fuel heavy spender
Users who primarily refuel at IndianOil outlets and spend significantly on fuel monthly.
Min: ₹15,000/mo
online shopper
Individuals who frequently shop online and want to earn 5X rewards on those spends.
Min: ₹10,000/mo
Skip if you're
low spender
Users who spend less than ₹2 Lakhs annually will find it hard to justify the ₹1,000 annual fee.
international traveler
The card offers no international lounge access or low forex markup benefits.
Base Earning
1 EDGE Reward Points
per ₹100 spent
0.2%
effective rate
Point value: ₹0.20/point
Bonus Categories
IndianOil Outlets - FUEL
30×
6% return
Online Shopping - SHOPPING
5×
1% return
Welcome Offer
1000 EDGE Reward points on the first transaction made within 30 days of card issuance.
1,000
points
₹200
value
Spend ₹1 within 30 days
Milestones
Spend ₹2.0L
Annual fee of ₹1,000 waived on spending ₹2,00,000 in a year.
No rewards on:
Fuel, rent payments, utility bills, government payments, wallet loads, insurance premiums, EMI transactions
Upgrade Path
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