IndianOil Axis Bank RuPay Credit Card benefits
- 20 points per ₹100 at IndianOil outlets (4% value back), on up to ₹5,000 a month
- 5 points per ₹100 online (1% value back), on up to ₹5,000 a month
- 1 point per ₹100 on other eligible spends
- Up to 1,250 points back on your first fuel transaction within 30 days
- Joining fee and annual fee of ₹500 before GST
- Annual fee waived on yearly spends of ₹3,50,000 or more
IndianOil Axis Bank RuPay Credit Card rewards and cashback
| Where you spend | Rate | Monthly limit |
|---|---|---|
| IndianOil pumpsEligible IndianOil outlets only, on transactions of ₹400 to ₹4,000. The limit is eligible spends of ₹5,000 per calendar month, or 1,000 points. Fuel beyond this limit earns nothing. | 20 points per ₹100 | 1,000 |
| Online shoppingEligible online transactions of ₹100 to ₹5,000. The limit is eligible spends of ₹5,000 per calendar month, or 250 points. | 5 points per ₹100 | 250 |
| Everything else | 1 points per ₹100 | None |
We value one point at ₹0.2 in the usual redemption.
No rewards on: Fuel other than the IndianOil rate above, utilities and telecom, education, rent, wallet loads, gift cards, government services, insurance, gold and jewellery, financial institutions, bridge, road and toll fees, EMI transactions, cash advances and repayments.
All reward rules
- Points are EDGE REWARD Points. The bank's value chart counts 20 points per ₹100 as 4% value back, which is ₹0.20 a point.
- Points are earned in multiples of ₹100. A transaction below ₹100, or the part of a spend below a full ₹100, earns nothing.
- Each redemption on the EDGE REWARDS platform costs ₹99.
- Welcome benefit: 100% value back, up to 1,250 points, on your first eligible fuel transaction within 30 days of card issue.
- From 1 November 2026, the 10% BookMyShow discount (up to ₹100 a month) needs spends of ₹25,000 in the previous 3 months. This is waived for a new card in the month of issue and the next 3 calendar months.
IndianOil Axis Bank RuPay Credit Card annual fee and charges
- Joining fee
- ₹500
- Annual fee
- ₹500
- Fee waiver
- ₹3,50,000 a year
- Foreign currency markup
- 3.5%
The annual fee starts from the second year. It is waived if you spend ₹3,50,000 or more in a card anniversary year. Rent, wallet loads, insurance, EMI transactions and cash withdrawals do not count towards this. Fees are before GST.
Fuel surcharge: 1% waiver on transactions between ₹400 and ₹4,000 at eligible IndianOil outlets, up to ₹50 per statement cycle. GST on the surcharge is not refunded.
IndianOil Axis Bank RuPay Credit Card eligibility
- Age
- 18 to 70
The primary cardholder should be a resident of India or a non-resident Indian. The bank's page gives no minimum income. These criteria are only indicative, and the bank decides each application.
The bank alone decides approval and your credit limit.
IndianOil Axis Bank RuPay Credit Card lounge access
The bank's terms list no fixed number of free airport lounge visits on this card.
Frequently asked questions
What is the annual fee of the IndianOil Axis Bank RuPay Credit Card?
The joining fee is ₹500 and the annual fee is ₹500 from the second year, both before GST. The annual fee is waived if you spend ₹3,50,000 or more in a card anniversary year.
Is the IndianOil Axis Bank RuPay Credit Card lifetime free?
No. By its standard terms it has a ₹500 joining fee and a ₹500 annual fee from the second year.
What is the reward limit on the IndianOil Axis Bank RuPay Credit Card?
The fuel rate of 20 points per ₹100 applies to up to ₹5,000 a calendar month, so up to 1,000 points. The online rate of 5 points per ₹100 also applies to up to ₹5,000 a month, so up to 250 points.
How much is one EDGE REWARD Point worth on this card?
The bank's value chart counts 20 points per ₹100 as 4% value back, so one point is worth ₹0.20. Each redemption on the EDGE REWARDS platform costs ₹99.
Who can apply for the IndianOil Axis Bank RuPay Credit Card?
The primary cardholder should be 18 to 70 years old, and a resident of India or a non-resident Indian. The bank's page does not state a minimum income. The bank decides each application.
Does the IndianOil Axis Bank RuPay Credit Card give airport lounge access?
The bank's card page and its domestic lounge program list do not show complimentary lounge access for this card.
Is there a fuel surcharge waiver on the IndianOil Axis Bank RuPay Credit Card?
Yes. You get a 1% waiver on transactions between ₹400 and ₹4,000 at eligible IndianOil outlets, up to ₹50 per statement cycle. GST on the surcharge is not refunded.