IndianOil Axis Bank Credit Card
Axis Bank · RuPay · Entry card
This is the lowest-fee fuel co-brand card on this list with an eligible RuPay variant for merchant UPI payments. It can work as a secondary card for everyday use.
Budget-conscious IndianOil customers who also want a RuPay card for merchant UPI payments.
Terms checked 13 Sept 2026
- Annual fee
- ₹500 + GST
- Joining fee
- ₹500 + GST
- Base reward rate
- 0.2%
- Forex markup
- 3.5%
Reward rates by spending category
Published catalogue rates before caps and merchant-category exclusions.
| Category | Recorded rate |
|---|---|
| Online shopping | 1% |
| Fuel & commute | 0.2% |
| Dining & delivery | 0.2% |
| Groceries & essentials | 0.2% |
| Travel & hotels | 0.2% |
| Subscriptions & streaming | 0.2% |
| Beauty & wellness | 0.2% |
| Entertainment & movies | 0.2% |
| Offline store shopping | 0.2% |
| International spending | 0.2% |
| Healthcare & pharmacy | 0.2% |
| Other miscellaneous | 0.2% |
| Bills & utilities | 0% |
| House rent | 0% |
| Insurance premiums | 0% |
| Education & family | 0% |
| Gold & jewellery | 0% |
Caps and fee waiver
- Reward caps
- No general cap recorded
- Annual fee waiver
- At ₹3,50,000 annual spending
- Monthly income requirement
- Not listed
Airport lounge access
No complimentary airport lounge access recorded
Movies and entertainment
BookMyShow · 10% discount · up to ₹100 · 1 use/month
Benefits & conditions
Expand a category to see recorded benefits, fees and eligibility, with conditions and links to the sources. Categories without recorded details are grouped below; missing information does not mean a benefit is unavailable.
Rewards and cashback · 5 items
IndianOil fuel rewards
Usage-based value20 points per ₹100 on eligible ₹400-₹4,000 IndianOil transactions; only the first ₹5,000 monthly fuel spend is eligible.
Conditions: 20 points per ₹100 on eligible ₹400-₹4,000 IndianOil transactions; only the first ₹5,000 monthly fuel spend is eligible.
Online shopping rewards
Usage-based value5 points per ₹100 on eligible ₹100-₹5,000 online transactions; only the first ₹5,000 monthly online spend is eligible.
Conditions: 5 points per ₹100 on eligible ₹100-₹5,000 online transactions; only the first ₹5,000 monthly online spend is eligible.
Other eligible EDGE rewards
Usage-based value1 point per ₹100 on other eligible retail purchases.
20 EDGE Reward Points per ₹100 at eligible IndianOil outlets
Shown without a cash value5 points per ₹100 on eligible online shopping
Shown without a cash value
Fees · 2 items
Annual card fee
Cost ₹500₹500 annual fee before applicable tax.
Joining fee
Cost ₹500₹500 one-time joining fee before applicable tax.
Fee waiver · 2 items
Annual fee waiver
Usage-based · up to ₹500Annual fee may be waived after ₹3,50,000 of eligible annual spending.
Conditions: Reach ₹3,50,000 eligible annual spending
₹3.5 lakh eligible annual spend waives the renewal fee
Shown without a cash value
Welcome benefits · 1 item
1,250 welcome EDGE Reward Points
Recorded value ₹250Welcome points worth ₹250.
Conditions: Make the first eligible fuel transaction within 30 days of issuance
Movies and entertainment · 1 item
BookMyShow movie offer
Usage-based · up to ₹1,20010% discount up to ₹100, 1 time per month.
Dining · 1 item
Axis Bank Dining Delights and Wednesday dining offers under their respective terms
Shown without a cash value
Fuel benefits · 1 item
1% fuel surcharge waiver on ₹400-₹4,000 fuel transactions, capped at ₹50 per statement
Shown without a cash value
Foreign-currency charges · 1 item
Foreign-currency markup
Usage-based value3.5% foreign-currency markup before applicable tax.
Conditions: Applies to eligible foreign-currency transactions
Eligibility and availability · 1 item
Application eligibility
Shown without a cash valueApplication availability: open. No universal verified numeric income threshold is used as a hard filter. Axis Bank does not publish a universal numeric income threshold on the reviewed product terms.
Other categories (9)
These categories have no detailed entries. We distinguish confirmed absences from information that still needs review.
Spend milestones
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Card tiers
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Airport lounge access
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Travel privileges
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Golf
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Insurance and protection
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Memberships
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Concierge
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Other benefits
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗
What stands out
- ✓ 20 EDGE Reward Points per ₹100 at eligible IndianOil outlets
- ✓ 5 points per ₹100 on eligible online shopping
- ✓ 10% BookMyShow discount up to ₹100 each month
- ✓ ₹3.5 lakh eligible annual spend waives the renewal fee
What to watch
Rewards outside IndianOil fuel spend are minimal; keep this strictly as a fuel-station card.
Recorded exclusions
Bills Utilities · Education Family · Gold Jewellery · Rent · Insurance · Wallet load · Government payments
How GainFair evaluates this card
The personal card advisor applies your monthly spending to category rates, limits rewards at the applicable caps, adds eligible movie, milestone and lounge value, and subtracts annual fees plus foreign-currency markup and GST. It can recommend keeping your current cards when a new card does not create enough incremental value.
Affiliate disclosure: Affiliate link · GainFair may earn a commission if you complete a qualifying action. You pay nothing extra, and compensation never affects recommendations or rankings. Read the full disclosure.
Compare against
These cards have the closest mix of purpose, reward style, fee model and tier. They are suggestions for comparison, not rankings.
Issuer sources
Open the sources used for this card's product details, rewards, fees and eligibility.
Sources checked 13 Sept 2026