IndianOil Axis Bank Premium Credit Card
Fees
₹1,000 + Taxes
Joining & AnnualReward Rate
6 EDGE Miles per ₹150 spent on fuel transactions at authorized IndianOil outlets; 1 EDGE Mile per ₹150 spent on regular purchase streams
Welcome Bonus
N/A
Lounge Access
8 Domestic/yr (₹50K Spend)
FindMyCard Expert Take
IndianOil Axis Bank Premium combines fuel rewards with genuine travel flexibility: EDGE Miles earned on fuel purchases redeem 1:1 for more fuel, or transfer to 15+ airline and hotel partners at 2:1. It's a free card, so the ₹1 lakh spend needed to keep it that way is worth checking against your actual usage.
Pros & Cons
Key Advantages
- 1:1 redemption ratio when used for IndianOil fuel purchases
- Points transfer to 15+ airline and hotel partners at a 2:1 ratio
- Up to 30% discount on Zomato
- Fee waived on ₹1 lakh in annual spend
Limitations
- Core daily utilities, insurance payments, rental charges, and digital wallet top-ups are entirely excluded from reward point generation
- Requires at least 500-510 accumulated EDGE Miles before you can redeem
- No renewal or annual welcome gift milestones
Editorial Verdict
The IndianOil Axis Bank Premium Credit Card is ideally suited for fuel spends at indianoil and moderate point-to-mile redemptions. If you want 6 edge miles per ₹150 spent on fuel transactions at authorized indianoil outlets; 1 edge mile per ₹150 spent on regular purchase streams, this card delivers real value. The ₹1,000 + taxes is easily offset by the card's perks if you use it regularly. You'll generally need Good (750+) credit to be approved.
Key Perks & Spending Milestones
6 EDGE Miles accrued for every ₹150 spent at authorized IndianOil fuel outlets
1 EDGE Mile accrued for every ₹150 spent across all other standard general retail spend parameters
True 1:1 reward currency parity redemption ratio when settling points against fuel purchases at IndianOil stations
Points transfer to 15+ partner airline and hotel loyalty programs at a 2:1 ratio
Up to 30% discount on food orders via Zomato
Dining privileges and savings through the Axis Bank Dining Delights program
Complimentary domestic airport lounge terminal access limits (capped at a maximum of 2 visits per statement quarter)
🚀 Milestone Spends Timeline
Complete annual card renewal fee waiver for the subsequent cycle upon reaching a cumulative ₹1,00,000 retail spending target
Fees & Charging Rates
Annual Fee Waivers
₹1,000 + Taxes
💡 Annual fee waived on spending ₹1 Lakh or more in a year
Regular Interest Charges
Subject to Axis Bank standard tier guidelines
📅 Late Payment Fee Penalty Tiers
Insurance & Protection Benefits
Eligibility Criteria
age
21 to 65 years
employment profiles
Salaried and Self-Employed Profiles
Compare IndianOil Axis Bank Premium Credit Card With Similar Cards
| Card | Annual Fee | Reward Rate | Lounge Access | Rating |
|---|---|---|---|---|
| IndianOil Axis Bank Premium Credit Card This Card | ₹1,000 + Taxes | 6 EDGE Miles per ₹150 spent on fuel transactions at authorized... | 8 Domestic/yr (₹50K Spend) | 4.0/5 |
| Standard Chartered Super Value Titanium Credit Card | ₹750 + Taxes | 5% cashback on fuel, telecom & utility bills (capped... | — | 4.3/5 |
| HDFC IndianOil Credit Card | ₹500 + Taxes | 5% Fuel Points at IndianOil outlets, groceries, and bill payments | No Lounge Access | 4.2/5 |
| IndianOil Kotak Credit Card | ₹499 + Taxes | 24 points per ₹150 on IndianOil fuel (~4% value-back, capped at... | No Lounge Access | 4.2/5 |