Credit Cards · Honest Review
IndianOil Axis Bank Credit Card
Axis Bank · RuPay
Your Verdict
- ✓4% value back on fuel spends at IndianOil outlets, capped at 5,000/month eligible spend
- ✓1% online purchase reward rate
- ✓1% fuel surcharge waiver, capped at 50 per statement cycle
- ✓First year fee-free; renewal fee waived on 3.5 lakh annual spend
- ✓RuPay network enables UPI linking for additional convenience
What IndianOil Axis Bank Credit Card costs you
IndianOil Axis Bank Credit Card carries a ₹500 annual fee and a ₹500 one-time joining fee. The annual fee is waivable: Spend 3.5 lakh in a card anniversary year; first year annual fee is nil.
| Fee | Amount |
|---|---|
| Annual fee (year 2+) | ₹500 |
| Joining fee (one-time) | ₹500 |
| Fee waiver condition | Spend 3.5 lakh in a card anniversary year; first year annual fee is nil |
| Spend required for waiver | ₹3,50,000 / year |
| Foreign transaction fee (forex markup) | 3.5% per transaction |
What you earn on every rupee spent
IndianOil Axis Bank Credit Card earns 0.20% on all eligible spends as a base reward rate, with accelerated rates on fuel and other bonus categories listed below. Each reward point is worth ₹0.2 when redeemed, giving a clear rupee value for your earnings.
| Category | Reward rate |
|---|---|
| All other spends (base rate) | 0.20% |
| ⛽ Fuel | 4% (cap ₹5,000/mo) |
Up to 1,250 EDGE Reward Points on first fuel transaction within 30 days of card issuance
Reward types: Cashback · Discounts
Beyond the reward rate
The non-reward benefits on IndianOil Axis Bank Credit Card are meaningful for frequent users. Here is what you get with the card.
Who can apply for IndianOil Axis Bank Credit Card
IndianOil Axis Bank Credit Card requires a minimum net monthly income of ₹20,000 for salaried applicants and a CIBIL score of 700 or above. It is open to salaried employees.
| Requirement | Detail |
|---|---|
| Minimum monthly income | ₹20,000 |
| CIBIL score | 700+ (good to excellent) |
| Age range | 18–70 years |
| Employment type | Salaried |
| Typical approval time | 5-7 working days |
Minimum monthly income of 20,000 for salaried applicants.
Who should (and shouldn't) get IndianOil Axis Bank Credit Card
- → Heavy spenders on fuel who want 4% back
- → Moderate spenders who can clear the fee waiver condition
- → Frequent flyers who need airport lounge access
- → International travelers — the 3.5% forex markup adds up quickly
IndianOil Axis Bank Credit Card — Questions answered
What is the annual fee for IndianOil Axis Bank Credit Card?
What is the minimum income required for IndianOil Axis Bank Credit Card?
What is the reward rate on IndianOil Axis Bank Credit Card for fuel?
Does IndianOil Axis Bank Credit Card provide airport lounge access?
How do I get the annual fee waived on IndianOil Axis Bank Credit Card?
How long does it take to get IndianOil Axis Bank Credit Card approved?
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Get My Personalised Verdict →Information on this page is gathered from public sources and the card issuer's official website. Fees and reward rates may change — verify the current terms on the issuer's website before applying. SingleVerdict may earn a referral fee if you apply through our links, which does not affect our scoring or editorial decisions.