Axis Bank
Axis Bank IndianOil Credit Card
4.3 / 5rupay
- Joining fee
- ₹500
- Annual fee
- ₹500
- Base reward
- 0.2%
- Min income
- —
- Forex markup
- 3.5%
- Interest p.a.
- 49.36%
Where it earns
| Category | Rate | Monthly cap |
|---|---|---|
| Fuel | 4% | ₹5,000 |
| Online shopping | 1% | Uncapped |
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 + 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)
The good
- + 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
The catch
- − 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