Fuel
IndianOil Axis Bank Credit Card
A low-fee fuel card: about 4% back at IndianOil pumps and 1% on online shopping, both on up to ₹5,000 a month.
Joining fee₹500 + GST
Annual fee₹500 + GST
Fee waiverOn ₹3.5 lakh spend a year
Top reward20 points per ₹100 at IndianOil
LoungeNone
Forex markup3.5%
Best for: Two-wheeler riders and small-car owners who fill up at IndianOil.
Rewards and cashback
| Where you spend | You earn | Limit |
|---|---|---|
| IndianOil fuel (₹400 to ₹4,000 a transaction) | 20 points per ₹100 (about 4%) | ₹5,000 fuel spend a month |
| Online shopping | 5 points per ₹100 (about 1%) | ₹5,000 spend a month |
| Other spends | 1 point per ₹100 | – |
| Utilities, education, rent, wallet loads, government, insurance, tolls, gift cards | Nothing | – |
- 1 point = about ₹0.20; redeem for fuel at IndianOil or on the EDGE portal.
Benefits
Welcome benefit
- Up to 1,250 EDGE points (about ₹250) on your first fuel transaction within 30 days.
Milestones
- Annual fee waived on ₹3.5 lakh spend.
Travel and lounges
- No lounge access.
Fuel and forex
- 1% fuel surcharge waiver, up to ₹50 a cycle.
- Forex markup 3.5%.
Fees and charges
| Joining fee | ₹500 + GST (₹590) |
|---|---|
| Annual fee | ₹500 + GST, waived on ₹3.5 lakh yearly spend |
| Interest | 3.75% a month |
| Forex markup | 3.5% |
GST at 18% applies on fees. Banks change charges from time to time; the bank’s own terms are final.
Who can apply
- Age 18 to 70
You will usually need PAN, Aadhaar or address proof, and income proof (salary slips or ITR). A credit score of 750 or more improves your chances.
Pros and cons
What we like
- About 4% at IndianOil
- Low fee
- Simple to use
Watch out for
- Fuel rewards capped at ₹5,000 spend a month
- Small fuel surcharge waiver
- Hard ₹3.5 lakh fee waiver
Recent changes
- 28 Aug 2026Currency conversion fee raised to 3.5% + GST; tolls stop earning.
Frequently asked questions
IndianOil Axis or IndianOil HDFC?
HDFC’s card is easier to get free (waived at ₹50,000 spend) and also rewards groceries and bills; Axis gives a higher rate at the pump but is harder to waive.
Ready to apply for the IndianOil Axis Bank Credit Card?Applying takes about 10 minutes online. Approval depends on the bank.
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Sources: CardAdvisor. Details checked on 22 Oct 2026. For information only, not financial advice; always read the bank’s most important terms (MITC) before applying.