IndianOil Axis Bank Credit Card
The IndianOil Axis Bank Credit Card serves motorists and daily commuters refuelling at IndianOil outlets. It provides 4% value-back on fuel purchases between ₹100 and ₹5,000 alongside a 1% surcharge waiver, operating on RuPay for everyday merchant UPI payments with an easily achievable ₹50,000 annual spend waiver.
Why We Recommend The IndianOil Axis Bank Credit Card
A practical, low-barrier fuel card with the added utility of RuPay merchant UPI payments.
Commuters fueling up at IOCL petrol pumps who want a RuPay card for daily UPI spends.
Welcome Gift & Activation Benefits
* Welcome benefits are typically unlocked upon payment of the joining fee and initial card activation within 30 to 90 days.
Grofi Expert Rating
Our ratings assess real-world net reward yields after fee deductions, partner redemption flexibility, lounge conditions, and user transparency.
How Much Can You Save with the IndianOil Axis Bank Credit Card?
Adjust your expected monthly card spends to calculate your real annual rewards and net savings.
Includes flight & hotel bookings, partner brands (Amazon, Swiggy, Flipkart), dining, and online shopping.
* Reward Point Value: ₹0.20 on statement credit or travel bookings.
Based on annual spending of ₹6,00,000.
Fees & Charges Breakdown for IndianOil Axis Bank Credit Card
Zero hidden costs. Complete fee schedule verified with AXIS Bank official guidelines.
One-time fee charged on the first statement
Billed annually starting from the 2nd year
Annual fee reversed upon crossing this spend milestone in the preceding card year
Charges applicable on foreign currency transactions and cross-border payments
Standard interest rate on revolving card balances
Fee on ATM cash withdrawals via credit card
From the first day of billing cycle till due date
Airport Lounge Privileges on the IndianOil Axis Bank Credit Card
Experience gourmet dining, quiet workspaces, and premium comforts before every flight.
Not available
Valid across 40+ domestic airport lounges including Mumbai (Adani), Delhi (Encalm), Bengaluru (080 Lounge), Hyderabad, Chennai, and Kolkata terminals.
Not available
Access over 1,300+ luxury airport lounges globally across Dubai, London Heathrow, Singapore Changi, New York JFK, Frankfurt, and Doha.
What Makes IndianOil Axis Bank Credit Card Stand Out?
Discover the top benefits, special offers, and protections engineered into this card.
RuPay enabled for linking to UPI payment apps (PhonePe, Google Pay, Paytm).
4% value-back as EDGE rewards on IndianOil fuel spends between ₹100 and ₹5,000.
1% fuel surcharge waiver across IOCL pumps in India.
Pros & Cons of the IndianOil Axis Bank Credit Card
An honest, transparent evaluation of strengths and limitations before you submit your application.
What We Love (Pros)
- RuPay network compatibility for everyday UPI scan-and-pay transactions.
- Decent fuel savings at IndianOil stations.
- Very low annual spend threshold (₹50,000) for renewal fee waiver.
Things to Consider (Cons)
- Monthly accelerated fuel reward points capped at 1,000 EDGE points.
- Zero airport lounge access.
- Poor base reward rate on non-fuel offline transactions.
Who Can Apply for the IndianOil Axis Bank Credit Card?
Review minimum income, credit score thresholds, and essential verification documents.
Net in-hand monthly or annual earnings
Primary applicant (18+ for add-ons)
With continuous employment proof
With valid Indian address proof
690+ Score Recommended
Applicants with a credit score of 690 or higher enjoy fast-tracked approval and preferential credit limits from AXIS Bank.
Documents Required
100% digital paperless verification via Video KYC. Keep these documents ready:
Identity & Address Proof
Aadhaar Card (linked with mobile number for OTP), Passport, Driving License, or Voter ID.
PAN Card
Mandatory physical or e-PAN copy required by RBI guidelines for all credit applications.
Proof of Income
Salaried: Last 3 months' salary slips or bank statements. Self-employed: Latest ITR computation.
Everything You Need to Know About IndianOil Axis Bank Credit Card
Clear answers to common questions regarding annual fees, reward redemption, lounge rules, and delivery.
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Ready to Apply for the IndianOil Axis Bank Credit Card?
Check your pre-approved credit limit and instant approval eligibility across AXIS Bank with 100% paperless verification and zero score impact.