Axis Bank · Entry

IndianOil Axis Bank Credit Card

Annual fee

₹500waived at ₹3,50,000/yr

Forex markup

3.5%

Base earn

0.20%

Best direct earn

normal swipe, portal/voucher excluded

4.00%

Point value

per point, conservative

₹0.2

Lounge

Network

RuPay

IndianOil Axis Bank Credit Card axis.bank.in · read 25 Sep 2026

Every figure on this page traces to one of these. Nothing is inferred from a tracker.

Bank-confirmed. Reward figures verified against the issuer’s own website.
Card source: IndianOil Axis Bank Credit Card - axis.bank.in - read 25 Sep 2026.
No affiliate link on this card.

Where it ranks across all 187 cards

#8 Fuel 2.0% at IndianOil (IOCL) pump direct #125 Online shopping 0.5% direct #71 EMI 0.2% direct

#128 Gaming 0.2% direct #140 Mobile / broadband 0.2% direct #153 Train tickets 0.2% direct #159 Cabs & transit 0.2% direct #166 Flights 0.2% direct #166 Hotels 0.2% direct #167 Groceries 0.2% direct #167 Health & pharmacy 0.2% direct #167 Other 0.2% direct #168 Electronics 0.2% direct #169 Dining out 0.2% direct #171 Food delivery 0.2% direct #171 Fashion 0.2% direct #172 Movies & events 0.2% direct

Get an email if this card changes - sign in.

Engine value - conservative, what rankings use

₹0.2/pt

0.20%

Vouchers / catalogue

₹0.2/pt

0.20%

Axis states 'The Redemption Value of Each EDGE REWARD Point = ₹0.20' (https://www.axis.bank.in/cards/credit-card/rewards-credit-card, verified 2026-09-25)

Points valued at ₹0.2/pt - conservative, what rankings use

Reward rules3 direct

Base rate - everything not covered below

0.20%base rate

1 pt / ₹100

source

Source: IndianOil Axis Bank Credit Card - axis.bank.in - read 25 Sep 2026

20 points per ₹100 (4% value back) at IndianOil pumps

4.00%this rule

20 pts / ₹100

maximum eligible spend of Rs 5,000 per calendar month at IOCL outlets

how it works & source

Settlement amount per transaction must be between Rs 400 and Rs 4,000 to qualify

Source: IndianOil Axis Bank Credit Card - axis.bank.in - read 25 Sep 2026

5 points per Rs 100 (1% value back) on online shopping

1.00%this rule

5 pts / ₹100

maximum eligible spend of Rs 5,000 per calendar month on online shopping

how it works & source

Per-transaction spend must be between Rs 100 and Rs 5,000 to qualify

Source: IndianOil Axis Bank Credit Card - axis.bank.in - read 25 Sep 2026

Percentages here are each rule's own rate. The card's single headline is the best of the direct rules only - selectable packs, capped-base rows and portal/voucher routes above are shown for completeness but never set it.

₹0 / year

Welcome benefit - up to 1250 EDGE REWARD Points on first fuel transaction at IndianOil pumps within 30 days of card issuance (100% valueback)

₹250estimated value

Earns nothing on1 exclusion

Insurance, Jewellery & watches, Wallet load, Rent, Utility bills, Government / tax, Education

earns nothing

Insurance, gold/jewellery, wallet, rent, utilities, government institutions and education earn no EDGE REWARDS

→ use Axis Burgundy Private here (6.4%)

detail & source

categories: Insurance, Jewellery & watches, Wallet load, Rent, Utility bills, Government / tax, Education

Source: IndianOil Axis Bank Credit Card - axis.bank.in - read 25 Sep 2026

Up to 1,250 EDGE REWARD Points

on joining · on the first fuel transaction at an IndianOil outlet, within 30 days of card issuance

Source: Axis Bank - IndianOil Axis Bank Credit Card - axis.bank.in - read 11 Oct 2026

₹1,250value

Perks the card unlocks at these places, beyond its earn rate. They never change a ranking - check the bank page before you count on one.

BookMyShow

Instant discount of up to 10% on movie tickets booked via the BookMyShow app or website

Source: Axis Bank - IndianOil Axis Bank Credit Card - axis.bank.in - read 11 Oct 2026

10%discount

Rent

Axis rent fee 1% + GST

Wallet load

Axis wallet-load fee: 1% once cumulative wallet-load spend this statement cycle reaches ₹10,000, on the cycle total + GST

Fuel

Axis fuel fee: 1% once cumulative fuel spend this statement cycle reaches ₹50,000, on the cycle total + GST (separate from the routine fuel-surcharge waiver on ₹400-₹5,000 pump swipes)

Utility bills, Mobile / broadband

Axis utility fee: 1% once cumulative utility/telecom spend this statement cycle reaches ₹25,000, on the cycle total + GST

Education

Axis education fee: 1% per transaction on education payments made via third-party apps + GST (modelled on every education spend - the engine cannot yet tell a third-party app from the institution's own website/POS, which the MITC exempts, so this is the conservative worst-case reading)