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Axis Bank

Axis Bank IndianOil Credit Card

4.3Best for fuel spends

How this card earns

Reward rates by category, with caps and an estimated yearly value.

Spend category	Reward rate	Monthly cap	Est. value/yr
Fuel 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.	4%	₹5,000	₹2,400
Online shopping Online shopping earns 5 EDGE points per ₹100 = ~1% value-back at ₹0.20/point.	1%	—	₹1,200
All other spends	0.2%	—	₹240

Estimated yearly value assumes ₹10,000/month spend in each category, capped where the card caps rewards.

Joining fee₹500

Annual fee₹500

Annual fee waiverAnnual fee waived on spends of ₹3,50,000 in the preceding card anniversary year (rent, wallet, insurance, EMI, cash excluded)

Foreign currency markup3.5%

Finance charge (p.a.)49.36%

Fuel surcharge waiver1%, up to ₹50/mo

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 + UPI support — can pay for fuel via UPI and still earn
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)

+Strong 4% value-back on IndianOil fuel plus 1% fuel-surcharge waiver
+Low ₹500 annual fee
+RuPay + UPI support (pay for fuel via UPI and still earn/qualify for surcharge waiver)
+BookMyShow and EazyDiner discounts