Axis Bank
IndianOil Axis Bank Credit Card
Fuel card: 4% value back at IndianOil outlets (capped), 1% on small online spends, 0.2% elsewhere, plus 1% fuel surcharge waiver.
- ₹500 joining, ₹500 a year
- Works on UPI (RuPay)
- RuPay
Pros and cons
Good
- 4% on fuel, where no free card we compare earns anything
- Fee pays for itself from about ₹1,000 a month of fuel
Watch out for
- Tight cap: rewards on fuel stop after about ₹5,000 of spend a month
- Earns nothing on utility bills, rent, wallet loads, government payments and insurance
- Low base rate: 0.2% on everyday spends
- High forex markup (3.5%)
- Who it's for
- People who spend about ₹1,000 or more a month on fuel.
- Skip it if
- You spend under ₹1,000 a month on fuel.
Worked out from the bank's published terms with the same rules for every card, never from what we earn. How we judge cards.
Rewards (value back as % of spend)
- Everyday spends
- 0.2% (base rate)
- Online shopping
- 1%
- Fuel
- 4%
- Bills and utilities
- 0%
- Dining and food delivery
- 0.2%
Fees and charges
- Joining fee
- ₹500
- Annual fee
- ₹500
- Fee waiver
- Annual fee waived on spends above ₹3,50,000 in a card anniversary year (rent, wallet load, EMI, cash, insurance etc. do not count)
- Forex markup
- 3.5%
- Fuel surcharge waiver
- 1% waiver on fuel transactions of ₹400 to ₹4,000; max ₹50 per statement cycle
Benefits and eligibility
- Airport lounge
- Not published by the bank
- Card network
- RuPay
- UPI payments
- Yes, as a RuPay credit card
- Minimum income (salaried)
- Not published by the bank
- Eligibility
- Primary cardholder aged 18 to 70; resident of India or NRI; approval at bank's discretion
Fees exclude GST. Reward rates are the value back you get at the bank's published redemption value; where a bank doesn't publish what a point is worth, we leave the rate blank rather than guess. See how we compare cards.
Compare it with other cards
Ready to apply for the IndianOil Axis Bank Credit Card?
Apply nowVia our referral partner. We may earn a commission.CreditParakh is not a bank or lender. Approval, limits and final terms are decided by Axis Bank.
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What changed recently
- UpcomingOtherWorse for you
The 10% BookMyShow discount (up to ₹100) will need ₹25,000 of spend in the previous 3 months (waived for a new card's month of issue and the next 3 months).
Before: No spend condition · After: ₹25,000 spend in the previous 3 calendar months
Announced change, takes effect after the log date.
Bank's notice or terms - FeesWorse for you
Markup on rupee-billed payments at foreign merchants (dynamic currency conversion) rose from 1.5% to 3.5%.
Before: 1.5% · After: 3.5%
Bank's notice or terms - FeesWorse for you
Late payment fee for balances of ₹50,000 and above set at ₹1,300; lower slabs unchanged.
After: ₹1,300 on balances of ₹50,000 and above
Bank's notice or terms - Excluded spendsWorse for you
Bridge fees, road fees and tolls no longer earn reward points.
After: No points on bridge fees, road fees and tolls
Bank's notice or terms
Questions people ask
Is the IndianOil Axis Bank Credit Card worth it in 2026?
Yes, if you spend about ₹1,000 or more a month on fuel. Below that, no free card we compare earns anything on fuel. The catch: tight cap: rewards on fuel stop after about ₹5,000 of spend a month.
Is the IndianOil Axis Bank Credit Card lifetime free?
No. It costs ₹500 to join and ₹500 a year, plus GST. Annual fee waived on spends above ₹3,50,000 in a card anniversary year (rent, wallet load, EMI, cash, insurance etc. do not count).
Does the IndianOil Axis Bank Credit Card work on UPI?
Yes, it's a RuPay card, so you can link it to UPI apps for merchant payments.
Does the IndianOil Axis Bank Credit Card give airport lounge access?
No complimentary airport lounge access.
What earns no rewards on the IndianOil Axis Bank Credit Card?
Also no points on telecom, financial institutions, card repayments, gift cards, or bridge and road fees and tolls (from 28 Aug 2026). Fuel is not excluded: IndianOil fuel earns the accelerated rate up to its monthly cap, and other eligible spends earn 1 point per ₹100.
Is there a limit on rewards with the IndianOil Axis Bank Credit Card?
4% value back (20 points per ₹100) at IndianOil outlets on up to ₹5,000 of eligible fuel spend per calendar month, only on transactions settling between ₹400 and ₹4,000. That is about ₹200 back a month at 4%. 1% value back (5 points per ₹100) on online transactions of ₹100 to ₹5,000, on up to ₹5,000 of eligible spend per calendar month; that is about ₹50 back a month.
Who can get the IndianOil Axis Bank Credit Card?
Primary cardholder aged 18 to 70; resident of India or NRI; approval at bank's discretion Approval is at the bank's discretion.
How we checked this card: the CreditParakh team read Axis Bank's own product page on 18 Oct 2026. Every fee, rate and rule above comes from those pages; where they disagree, we say so. We re-check every card monthly and log changes on card changes. See our editorial standards.
Last verified 18 Oct 2026 on Axis Bank's official page. Fees and rewards change; check the issuer's terms before you apply.