High-Octane Fuel Rewards Card with 4% Savings at IndianOil Pumps
Daily commuters, highway drivers, and vehicle owners spending regularly on fuel at IndianOil retail outlets nationwide.
₹1,000
One-time upfront₹1,000
Waived on ₹30,000 annual spend6X EDGE Miles/₹150 at IndianOil Outlets. 2X EDGE Miles/₹150 on Grocery Spends. 1X EDGE Miles on All Other Eligible Spends
On eligible spends1 Domestic visits/quarter · ₹50k quarterly spend required
Complimentary visitsLast verified 3 Oct 2026
Objective editorial assessment, ideal spender profile, and primary trade-offs
The IndianOil Axis Bank Premium Credit Card is an upgraded fuel-savings proposition engineered for motorists who frequent Indian Oil Corporation Limited (IOCL) pumps. Priced at ₹1,000 plus GST, the card immediately welcomes new cardholders with 100% cashback up to ₹1,000 on fuel transactions completed within the first 30 days of issuance, effectively balancing the initial membership fee. The card's economic engine delivers 20 EDGE Reward Points per ₹100 spent at authorized IndianOil fuel stations across India (equivalent to an effective 4% value return), applicable on fuel purchases between ₹100 and ₹5,000. Additionally, cardholders earn accelerated 5 EDGE Reward Points per ₹100 on grocery purchases (up to ₹1,000/month), and 1 EDGE Reward Point per ₹100 on all other retail spending categories. Cardholders also enjoy a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at petrol stations nationwide, capped at ₹150 per statement billing cycle. Movie buffs receive 10% instant discount on BookMyShow movie ticket bookings, alongside dining discounts up to 15% through Axis Bank Dining Delights. The annual renewal fee of ₹1,000 is completely waived upon achieving annual retail spending of just ₹30,000 (excluding rent, wallet, and insurance transactions). For motorists spending ₹4,000 to ₹10,000 monthly on vehicle fuel at IOCL pumps, this card yields dependable annual fuel savings.
6X EDGE Miles/₹150 at IndianOil Outlets. 2X EDGE Miles/₹150 on Grocery Spends. 1X EDGE Miles on All Other Eligible Spends
500 EDGE Miles on the First Transaction Within 30 Days of Card Issuance
Base earning rates, partner merchant acceleration, redemption options, and exclusions
| Spend Category | Earn Rate | Reward Cap | Conditions |
|---|---|---|---|
| IndianOil Fuel Outlets | 5% valueback on fuel + 1% surcharge waiver | No Cap | Standard terms apply |
Calculate estimated net cashback and points across your actual spending pattern.
Estimate your rewards using the card's current reward rates, monthly caps and applicable fee-waiver rules.
Customize monthly spend in each category. Category amounts sum directly to your monthly spend.
| Category / Reward Bucket | Monthly Spend | Rate | Effective Rate | Cap Period | Eligible Reward | Cap Status |
|---|---|---|---|---|---|---|
| IndianOil Fuel Outlets | ₹30,000 | 5% valueback on fuel + 1% surcharge waiver | — | None | Calculating... | Under cap |
| Total Monthly Cashback | ₹30,000 | - | — | - | ₹0 / mo | Zero cap loss |
₹3.6 lakh
12 billing cycles₹0
0% blended return-₹1,000
Standard renewal+₹0 / yr
Rewards - FeeDomestic and international lounge privileges, spend hurdles, and participating terminals
Verify this card against live departure gates and specific terminal lounges across India.
This card includes complimentary admission across verified Indian airport terminals. Check individual terminal lounges and spend criteria before you travel.
Complete breakdown of joining, renewal, forex, financing APR, and transaction charges
• Joining Fee: ₹1,000 + GST; Annual Renewal Fee: ₹1,000 + GST. • Annual Fee Waiver: Spend ₹30,000 or more in the previous card anniversary year to waive the ₹1,000 renewal fee (Rent, Wallet, and Insurance spends excluded). • Welcome Benefit: 100% cashback up to ₹1,000 on fuel spends at IndianOil outlets within the first 30 days of card issuance. • Fuel Rewards: 20 EDGE Reward Points per ₹100 spent on fuel at IndianOil pumps (~4% value back) for spends between ₹100 and ₹5,000. • Grocery Rewards: 5 EDGE Reward Points per ₹100 spent on grocery purchases (capped at spends of ₹1,000 per statement cycle). • General Rewards: 1 EDGE Reward Point per ₹100 on all other non-fuel retail spending. • Fuel Surcharge: 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 across all petrol stations (capped at ₹150 per monthly statement). • Exclusions: Fuel purchases at non-IOCL stations, wallet reloads, rent payments, and jewellery do not earn accelerated reward points.
Evaluate whether this card's perks and waiver threshold justify its ₹1,000 renewal fee.
Income criteria, minimum age, CIBIL score benchmark, and verification checklist
Eligibility criteria not specified
Verified eligibility criteria are not currently available for this card. Check the issuer's latest terms before applying.
Common questions regarding IndianOil Axis Bank Premium Credit Card application, fees, reward redemption, and eligibility
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Direct online application on the official Axis Bank portal with paperless verification.
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