Axis BankRuPay Network

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Direct Bank Application via Official Issuer Portal

Fuel Shopping

4.2/5 Editorial Score

IndianOil Axis Bank RuPay Credit Card

4% value back in EDGE points on IndianOil fuel and seamless RuPay UPI payments.

Best Suited For

IndianOil Petrol/Diesel Buyers & RuPay UPI Convenience

Fuel Shopping

Joining Fee

₹500

One-time upfront

Annual Fee

₹500

Waived on ₹50,000 annual spend

Base Rewards

1 EDGE Point per Rs 100 spent

On eligible spends

Forex Markup

3.50% + GST

Cross-currency spends

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Last verified 2 Oct 2026

Why Consider This Card?

Objective editorial assessment, ideal spender profile, and primary trade-offs

Editorial Verdict

4.2/5 Editorial Score

The IndianOil Axis Bank RuPay Credit Card is a targeted co-branded fuel card combining fuel cost savings with the day-to-day convenience of RuPay UPI payments. Cardholders earn 20 EDGE REWARD points per ₹100 spent (4% value back, based on 1 EDGE Point = ₹0.20) at IndianOil fuel stations on transactions between ₹400 and ₹4,000. Coupled with a 1% fuel surcharge waiver (up to ₹50/month), the card yields up to 5% effective value back on fuel. Issued on the RuPay network, it allows seamless linkage with UPI apps (Google Pay, PhonePe, Paytm, BHIM) for merchant QR code transactions. It also offers 5 EDGE points per ₹100 (1% valueback) on online shopping and 1% base on other retail spends. The primary limitations are a monthly accelerated fuel cap of 1,000 EDGE points (₹5,000 spend limit), exclusivity to IndianOil pumps, an increased ₹3,50,000 annual spend waiver threshold for newer accounts (earlier vintage cards had ₹50,000), and no lounge privileges. Who it is best for: Commuters spending up to ₹5,000 monthly at IndianOil petrol pumps who also want a RuPay credit card for UPI payments. Who should avoid it: High-spending motorists spending over ₹5,000/month on fuel or those using BPCL or HPCL stations.

Ideal For:IndianOil Petrol/Diesel Buyers & RuPay UPI Convenience

Fuel Shopping

Card Strengths

4% value back (20 EDGE points per ₹100) on fuel purchases at IndianOil stations
1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 (up to ₹50/month)
RuPay network integration enables QR code merchant payments via all UPI apps
1% value back (5 EDGE points per ₹100) on online shopping
Welcome reward points equivalent to ₹250 on first fuel transaction within 30 days

Things to Keep in Mind

Accelerated 4% fuel rewards are capped at 1,000 EDGE points/month (restricting benefits to ₹5,000 monthly spend)
Fuel surcharge waiver capped at a modest ₹50 per statement month
Annual fee waiver threshold increased to ₹3,50,000 for newer accounts
No complimentary airport lounge access

Additional Cardholder Privileges

Rewards

20 Reward Points per Rs. 100 on fuel transactions at IOCL stations, 5 Reward Points per Rs. 100 on online shopping and 1 EDGE Point per Rs. 100 on all other spends with the card

Welcome

Welcome Benefit 1

1,250 EDGE Reward Points Worth ₹250

Rewards & Cashback Structure

Base earning rates, partner merchant acceleration, redemption options, and exclusions

Reward Program Name: Axis EDGE Rewards (IndianOil)
Reward Currency: EDGE Reward Points
Base Earn Rate: 1 EDGE Point per Rs 100 spent
Point Value (INR): ₹0.2000 per point
Redemption Channels: Refer to bank rewards portal
Reward Point Expiry: Refer to bank rewards program terms

Category Accelerated Earn RatesPublished Terms

Spend Category	Earn Rate	Reward Cap	Conditions
IndianOil Fuel Outlets	20 EDGE Rewards per ₹100 spent (4% valueback) + 1% fuel surcharge waiver on ₹400-₹4000	No Cap	Standard terms apply
Online Shopping	5 EDGE Rewards per ₹100 on online merchant shopping (1% valueback)	No Cap	Standard terms apply
All Other Spends	1 EDGE Reward per ₹100 spent (0.2% valueback)	No Cap	Standard terms apply

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Estimate Your Custom Monthly Rewards

Calculate estimated net cashback and points across your actual spending pattern.

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Reward Exclusions: Fuel transactions, wallet loading, cash withdrawals, rent payments, educational payments, and government services are generally excluded from base and accelerated reward point accrual across all Indian card issuers.

Reward Calculator

Estimate Your Annual Rewards

Estimate your rewards using the card's current reward rates, monthly caps and applicable fee-waiver rules.

Verified Rates & Caps

Quick Select:

Total Monthly Spend:₹30,000 / month

₹5,000 / mo₹1 lakh / mo₹2 lakh / mo

Category Spend Allocation

Customize monthly spend in each category. Category amounts sum directly to your monthly spend.

Assumed spend distribution

IndianOil Fuel Outlets20.00%

No published cap

₹

Online Shopping1.00%

No published cap

₹

All Other Spends0.20%

No published cap

₹

Excluded / Non-Reward Spends0%

Fuel, rent, wallet, govt, cash

₹

Category / Reward Bucket	Monthly Spend	Rate	Effective Rate	Cap Period	Eligible Reward	Cap Status
IndianOil Fuel Outlets	₹6,000	20 EDGE Rewards per ₹100 spent (4% valueback) + 1% fuel surcharge waiver on ₹400-₹4000	—	None	Calculating...	Under cap
Online Shopping	₹6,000	5 EDGE Rewards per ₹100 on online merchant shopping (1% valueback)	—	None	Calculating...	Under cap
All Other Spends	₹18,000	1 EDGE Reward per ₹100 spent (0.2% valueback)	—	None	Calculating...	Under cap
Total Monthly Cashback	₹30,000	-	—	-	₹0 / mo	Zero cap loss

Annual Spends

₹3.6 lakh

12 billing cycles

Annual Capped Rewards

₹0

0% blended return

Effective Fee

-₹500

Standard renewal

Net Annual Value

+₹0 / yr

Rewards - Fee

*Calculation based on verified card reward rates, applicable monthly caps, and fee-waiver thresholds - ₹500 annual fee.

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Airport Lounge Access

Domestic and international lounge privileges, spend hurdles, and participating terminals

No Airport Lounge Access Included

This card is tailored primarily for shopping rewards, cashback, or specific co-branded spend and does not include complimentary airport lounge visits.

Fees & Charges

Complete breakdown of joining, renewal, forex, financing APR, and transaction charges

1. Card Membership Fees

Joining Fee (1st Year): ₹500
Annual / Renewal Fee (2nd Year Onwards): ₹500
Annual Spend Fee Waiver: Waived on ₹50,000 annual spend
Fee Terms Notes: Fee waived on ₹50,000 annual spend

2. International Spends

Foreign Currency Markup (Forex): 3.50% + GST
Dynamic Currency Conversion (DCC): Standard 1% mark-up on cross-currency INR transactions where applicable

3. Borrowing & Financing

Monthly Interest Rate (Finance Charges): Refer to official schedule of charges
Annualized Interest Rate (APR): Refer to official schedule of charges
Cash Advance / ATM Withdrawal Fee: Refer to official schedule of charges
Interest-Free Period: Up to 50 Days

4. Other Charges & Taxes

Late Payment Charges: Refer to official schedule of charges

Regulatory Tax Notice: Goods and Services Tax (GST) of 18% is applicable on all card fees, interest charges, and milestone fees as mandated by the Government of India.

Verified Terms & Exclusions Summary

Fuel Benefits: 20 EDGE REWARD Points per ₹100 spent at authorized IndianOil outlets (4% value back, 1 EDGE Point = ₹0.20) on transaction amounts between ₹400 and ₹4,000. Fuel Cap: Accelerated fuel rewards are capped at 1,000 EDGE REWARD Points per calendar month (₹5,000 maximum eligible fuel spend). Fuel Surcharge Waiver: 1% surcharge waiver on fuel transactions between ₹400 and ₹4,000 (capped at ₹50 per statement month). Other Spends: 5 EDGE Points per ₹100 on online shopping (1% value back); 1 EDGE Point per ₹100 on other eligible retail categories (0.2% value back). Fee & Waiver: Joining fee ₹500 + GST (100% cashback up to ₹250 on first fuel transaction within 30 days). Annual fee of ₹500 + GST waived on reaching ₹3,50,000 annual spend for recent accounts (₹50,000 for legacy vintage accounts). Exclusions: Fuel spends outside IndianOil, wallet reloads, rent payments, educational payments, government services, and jewellery.

Is the Annual Fee Worth It?

Evaluate whether this card's perks and waiver threshold justify its ₹500 renewal fee.

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Eligibility & Application Requirements

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.

Mandatory Verification Documents

1. Identity ProofPAN Card (Mandatory), Aadhaar Card, Passport, or Voter ID.

2. Address ProofAadhaar (DigiLocker), Utility Bill (Electricity/Piped Gas), or Rental Agreement.

3. Income ProofLatest 3 months salary slips, Form 16, or latest 2 years ITR computation.

Frequently Asked Questions

Common questions regarding IndianOil Axis Bank RuPay Credit Card application, fees, reward redemption, and eligibility

What is the reward rate on IndianOil fuel purchases?

You earn 20 EDGE REWARD points per ₹100 spent at IndianOil fuel stations on transaction values between ₹400 and ₹4,000, which equals a 4% value back (1 EDGE Point = ₹0.20).

Can I link the IndianOil Axis Credit Card to UPI?

Yes. Because this card is issued on the RuPay network, you can link it to UPI apps like Google Pay, PhonePe, Paytm, and BHIM to scan and pay at merchant QR codes directly from your credit line.

What is the monthly cap on accelerated fuel reward points?

The 4% accelerated reward points are capped at 1,000 EDGE REWARD points per calendar month, which corresponds to ₹5,000 of fuel purchases at IndianOil outlets.

What is the annual fee waiver criteria for IndianOil Axis?

For accounts onboarded under current Axis Bank guidelines, the annual fee of ₹500 + GST is waived upon spending ₹3,50,000 or more in the preceding anniversary year (earlier vintage cardholders may retain a ₹50,000 waiver threshold).

What is the joining and annual renewal fee for IndianOil Axis Bank RuPay Credit Card?

The joining fee for IndianOil Axis Bank RuPay Credit Card is ₹500 (one-time), and the annual renewal fee is ₹500 from the second year onwards. GST of 18% is applicable on all fee charges.

Can the annual fee on IndianOil Axis Bank RuPay Credit Card be waived?

Yes, the annual renewal fee of ₹500 is waived upon achieving annual spends of ₹50,000 in the preceding card anniversary year.

What are the primary rewards and cashback earn rates on IndianOil Axis Bank RuPay Credit Card?

IndianOil Axis Bank RuPay Credit Card offers 1 EDGE Point per Rs 100 spent. Cardholders also enjoy accelerated reward rates on partner merchants and selected digital spend categories.

Does IndianOil Axis Bank RuPay Credit Card offer complimentary airport lounge access?

No, IndianOil Axis Bank RuPay Credit Card is designed for daily retail, cashback, or UPI spend and does not currently include complimentary airport lounge visits.