IndianOil Axis Bank Credit Card
Axis Bank · Points/miles card · ₹500 annual fee
Fees & benefits
| Annual fee | ₹500 + GST — waived at ₹3,50,000/yr spend |
| Welcome benefit | ~₹250 value |
| Airport lounges | None |
| No rewards on | rent, wallet, government, emi |
Reward rates (with caps — the part that actually matters)
| Rule | Effective rate | Monthly cap | Applies to |
|---|---|---|---|
| 4% value at IndianOil (20 EDGE per Rs.100) | 4% | ₹500 | fuel |
| 5 EDGE per Rs.100 online | 1% | Uncapped | online |
| Base EDGE point (1 per Rs.100) | 0.2% | Uncapped | all eligible spend |
What it's worth at your spend
Net annual value on a typical Indian urban spend mix (shopping-heavy, incl. groceries, dining, fuel, travel, bills), after caps and fees. Rank is out of all 50 cards we track.
Caveats & recent changes
Accelerated fuel/online earn applies to up to Rs.5,000 spend per cycle each; EDGE point ~Rs.0.20.
Welcome: up to 1,250 EDGE points on first fuel transaction.
Verified 2026-07-16 against independent official-source verification; reward-point rupee values are modeled (see est. tags).
Quick answers
Is the IndianOil Axis Bank Credit Card lifetime free?
No, the annual fee is ₹500 (plus GST), waived on spending ₹3,50,000 a year.
What is the highest reward rate on the IndianOil Axis Bank Credit Card?
4% — 4% value at IndianOil (20 EDGE per Rs.100). Effective value depends on monthly caps; see the caveats on this page.
Does the IndianOil Axis Bank Credit Card give airport lounge access?
No, the IndianOil Axis Bank Credit Card does not include airport lounge access.
Where the IndianOil Axis Bank Credit Card fits
Ranks in our: Credit cards for fuel spend (#2).
Compare it: IndianOil Axis Bank Credit Card vs BPCL SBI Card OCTANE · IndianOil Axis Bank Credit Card vs IndianOil HDFC Bank Credit Card.
Best cards by spend: ₹15,000/month · ₹30,000/month · ₹60,000/month. Check if this card's fee is worth it.