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Axis Bank
Axis Bank IndianOil Credit Card
- Joining fee incl. GST
- ₹590
- Renewal fee incl. GST
- ₹590
- Conditional welcome value
- Up to ₹250
- Forex markup
- 3.5%
- Interest p.a.
- 55.55%
- Min income (salaried)
- —
Welcome benefits depend on the actual offer and qualifying conditions; points and vouchers are not an automatic cash refund. First fuel transaction within 30 days; points equal value of first fuel txn, capped at 1,250 points (primary card only)
How this card earns
Reward rates with their qualifying conditions and caps. Use the calculator for a combined estimate.
Calculation coverage is still under review for this card. A recorded benefit does not mean every condition has been included in the estimate.
What still needs confirmation
- Fee-waiver boundary differs between product copy and dated revision; conservative strict boundary retained. Transaction-size and UPI merchant identification require confirmation.
| Spend category | Reward rate | Reward limit |
|---|---|---|
Fuel Only the qualifying merchants or payment route below IndianOil (IOCL) fuel earns 20 EDGE points per ₹100 = 4% value-back (1 EDGE point ≈ ₹0.20). Eligible only on fuel txns ₹400–₹4,000. Accelerated cap 1,000 points/month ≈ ₹5,000 fuel spend; beyond cap earns nothing. Non-IOCL fuel earns no points. Monthly cap shown as the spend at which it binds: 1,000 EDGE points ÷ 20 points per ₹100 = ₹5,000 of fuel spend. | 4% | ₹5,000 spend / month |
Online shopping Only the qualifying merchants or payment route below Five points per ₹100 for online transactions between ₹100 and ₹5,000, with ₹5,000 monthly qualifying spend cap. Requires transaction-size confirmation. | 1% | ₹5,000 spend / month |
| Other eligible purchases | 0.2% | — |
Excluded from ordinary earning: Fuel, Rent, Utilities & bills, Education, Insurance. Specific qualifying offers, if any, are listed above.
Rates apply only to the merchants and conditions described. Shared ceilings cannot be added across rows. Points and vouchers are valued at the stated redemption assumption; use the spending calculator for a combined estimate.
Fees & charges
Key benefits
- 4% value-back on IndianOil fuel (20 EDGE points per ₹100, capped ~₹5,000 spend/month)
- 1% value-back on online shopping; ~0.2% on other retail spends
- 1% fuel surcharge waiver (₹400–₹4,000, capped ₹50/statement month)
- RuPay variant supports eligible UPI merchant payments; fuel earning still depends on issuer identification and transaction conditions.
- BookMyShow: up to 10% instant discount on movie tickets (≈₹100/month)
- EazyDiner: up to 15% dining discount (max ₹500/month, min txn ₹2,500, once/month)
What we like
- +Strong 4% value-back on IndianOil fuel plus 1% fuel-surcharge waiver
- +Low ₹500 annual fee
- +RuPay UPI payments supported; reward and surcharge eligibility need transaction-specific confirmation
- +BookMyShow and EazyDiner discounts
What to watch
- −Monthly fuel reward cap of 1,000 points (~₹5,000 spend) limits high-fuel users
- −Accelerated rewards only on IndianOil fuel — no rewards on other fuel brands
- −No lounge access and minimal travel/lifestyle benefits
- −₹3.5 lakh fee-waiver threshold is high for the card's positioning
- −Low base earn (~0.2%) on general spends; many categories excluded
- −Redeeming EDGE REWARD Points costs ₹99 per redemption transaction on the EDGE REWARDS platform
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