IndianOil Axis Bank Credit Card
Axis Bank
A second fuel-focused option alongside HDFC and ICICI's IndianOil cards — same brand, different bank issuer.
₹500
Joining fee
₹500
Annual fee
Waived at Rs 3,50,000 annual spend (official).
3.5%
Forex markup
4.0 / 5
Rating
Eligibility
Estimated minimum income: ₹15,000+/month
Estimated — not officially confirmed by the bank.
Estimated minimum CIBIL score: 650+
Estimated — not officially confirmed by the bank.
Income/CIBIL not disclosed; Paisabazaar states the card is 'designed for individuals' seeking fuel savings with no formal published eligibility criteria.
Key features
- 4% value back on IndianOil fuel spends
- Up to 1,250 bonus points on first fuel transaction
- UPI support
Reward details
1 EDGE Point per Rs 100 on all other eligible spend
- 4% value-back on Fuel spend at IndianOil (IOCL) outlets only — on monthly fuel spend between Rs 400-Rs 4,000
- 1% value-back on Online shopping — on monthly spend between Rs 100-Rs 5,000
Redemption
EDGE Reward Points via Axis Bank's EDGE Rewards portal for vouchers/merchandise.
Caps: Combined monthly reward cap of Rs 250 (Rs 200 from the fuel tier + Rs 50 from the online tier)
Excluded from rewards: rent, wallet loads, insurance, EMI, cash withdrawals, fees, GST, payment reversals
- Fuel surcharge waiver 1%, up to Rs 50 per statement cycle, on UPI credit card fuel transactions between Rs 400-Rs 4,000 (aggregator-sourced).
Real-world feedback
Sourced from user reviews and comparison sites (aggregator/user-sourced), not confirmed by the bank.
Complaints
- Reward earning capped after Rs 5,000 of monthly spend per category with no base rewards beyond that; accelerated fuel rate applies only at IOCL outlets (other fuel pumps earn just the standard 1% rate); Rs 3.5 lakh fee-waiver threshold called high and hard to hit; a bundled BookMyShow discount is capped at just Rs 100/month — Paisabazaar
Sources
- Official — fees
- Official — product listing
- Aggregator — eligibility, lounge, rewards, sentiment