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Last updated: 1 November 2026
Free to apply via CardsGuruji · subject to issuer approval
What you earn on every spend, and the ways you can cash it in.
You earn
Up to 4% Value Back on Fuel
Command the roads with a stellar 20 EDGE Reward Points (equivalent to 4% value back) for every ₹100 spent at IndianOil outlets. Furthermore, elevate your digital lifestyle with 5 EDGE Reward Points per ₹100 on all online shopping, while enjoying a steady 1 EDGE Reward Point per ₹100 on everyday offline expenditures.
Redeem for
The privileges that come bundled in, beyond the reward points.
Milestone Mastery: Achieve an effortless annual spend of just ₹50,000 to unlock a complete waiver of your ₹500 renewal fee
UPI Ecosystem Integration: Issued on the RuPay network, seamlessly link your credit card to your favorite UPI apps for frictionless, secure merchant payments anywhere in India
Epicurean Delights: Savor up to 15% discount at premium partner restaurants across the nation through the Axis Bank Dining Delights program
Cinematic Escapes: Enjoy a flat 10% instant discount on movie tickets booked via BookMyShow
Fuel Surcharge Waiver: Benefit from a 1% surcharge waiver on fuel spends between ₹200 and ₹5,000 at all petrol pumps (capped at ₹50 per billing cycle)
An honest read on where this card earns its keep — and where it doesn't.
Industry-leading 4% value back at IndianOil pumps, transforming your daily commute into a highly rewarding experience
Features a highly accessible fee-waiver milestone of just ₹50,000 annually
Available on the RuPay network, unlocking the power of seamless UPI merchant transactions
Immediate redemption of EDGE Reward points directly for free fuel at participating IndianOil stations
Accelerated fuel rewards are strictly capped (maximum of 1,000 EDGE Reward points per billing cycle on fuel)
Noticeably subdued base reward rate (0.2%) on non-category and everyday offline spending
Restricted ecosystem—premium fuel benefits are exclusively tethered to IndianOil outlets
Lacks complimentary airport lounge access and higher-tier travel benefits
Everything the issuer can bill you for, in one place.
Applied only when the situation arises
Charged on any balance you carry forward
Fee waiver: most issuers waive the renewal fee once your yearly spends cross a set threshold. Confirm the exact criteria with Axis Bank before you apply.
Issuer-stated requirements and CardsGuruji guidance are shown separately.
Note: A displayed score is editorial guidance only unless separately identified as an issuer-stated requirement.
See how Indian Oil Axis Bank Rupay Credit Card stacks up against competing cards on reward rates, annual charges, and milestone perks.
Use our customizable comparison tool to benchmark fees, lounge access, and rewards.
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Everything you need to know about Indian Oil Axis Bank Rupay Credit Card fees, reward conversion, lounge access, and application eligibility.
Indian Oil Axis Bank Rupay Credit Card has an annual fee of ₹500 plus 18% GST. Most cardholders can get subsequent annual renewal fees waived by reaching the bank's annual milestone spend threshold. Additionally, the initial fee is often offset by welcome privileges like "Accelerate your journey right from the start with an exclusive 100% cashback (up to ₹250) on your inaugural fuel transaction within the first 30 days of card issuance.".
Indian Oil Axis Bank Rupay Credit Card earns EDGE Reward Points at a primary rate of Up to 4% Value Back on Fuel. Specifically, Command the roads with a stellar 20 EDGE Reward Points (equivalent to 4% value back) for every ₹100 spent at IndianOil outlets. Furthermore, elevate your digital lifestyle with 5 EDGE Reward Points per ₹100 on all online shopping, while enjoying a steady 1 EDGE Reward Point per ₹100 on everyday offline expenditures.. Spends in Fuel, Shopping, Dining, Lifestyle, Entry Level, Rewards categories provide the maximum valueback per transaction on this card.
Yes, because Indian Oil Axis Bank Rupay Credit Card is on the RuPay network, you can link it directly to any UPI application including Google Pay, PhonePe, Paytm, and BHIM. This allows you to scan merchant QR codes at local stores and pay from your credit card account while earning reward points.
Rewards earned on Indian Oil Axis Bank Rupay Credit Card can be redeemed for Instant Fuel Redemption at IndianOil Outlets, Axis EDGE Rewards Catalogue, Gift Vouchers & E-Gift Cards via Axis Bank's official rewards portal or mobile banking app. Points earned remain valid for 36 months from the transaction date before expiring.
A CIBIL credit score of 700 or above is strongly recommended for approval of Indian Oil Axis Bank Rupay Credit Card. Applicants should be Indian residents aged 21 to 65 years with a stable monthly income (salaried or self-employed with ITR) and no recent payment defaults or high credit utilization over 30%.
Indian Oil Axis Bank Rupay Credit Card levies a forex markup fee of 3.50% + GST on transactions processed in foreign currencies. For cross-border shopping and overseas travel, remember that standard 18% GST applies on the markup charge.
Indian Oil Axis Bank Rupay Credit Card currently features a welcome offer: "Accelerate your journey right from the start with an exclusive 100% cashback (up to ₹250) on your inaugural fuel transaction within the first 30 days of card issuance.". To claim this joining perk, cardholders typically need to activate the card and complete a qualifying initial transaction within 30 to 60 days of card issuance.
Key highlights include Industry-leading 4% value back at IndianOil pumps and transforming your daily commute into a highly rewarding experience. However, keep in mind that Accelerated fuel rewards are strictly capped (maximum of 1 and 000 EDGE Reward points per billing cycle on fuel). Overall, Indian Oil Axis Bank Rupay Credit Card delivers strong value if your regular spending aligns with Fuel, Shopping, Dining, Lifestyle, Entry Level, Rewards.
Indian Oil Axis Bank Rupay Credit Card is focused on Fuel and Shopping and Dining and Lifestyle and Entry Level and Rewards valueback and does not include unconditional complimentary airport lounge visits as a core benefit. If lounge access is a deciding factor for your travels, consider pairing this with a dedicated premium travel credit card.
Yes, Indian Oil Axis Bank Rupay Credit Card includes a 1% fuel surcharge waiver for fuel spends typically between ₹400 and ₹4,000 at all government and private fuel stations in India. (Fuel Surcharge Waiver: Benefit from a 1% surcharge waiver on fuel spends between ₹200 and ₹5). The monthly waiver is subject to a cap, and GST charged on the surcharge is non-refundable.
