IndianOil Axis Bank Premium Credit Card
Fees
₹1,000 + Taxes
Joining & annual
Reward 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
8 Domestic/yr (₹50K Spend)
Our 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.
Where this card earns most
Paying directly in the app or site · 0.67% on other spends
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
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)
Spend milestone
Complete annual card renewal fee waiver for the subsequent cycle upon reaching a cumulative ₹1,00,000 retail spending target
Fees & Charges
Joining fee
₹1,000 + Taxes
Annual fee
₹1,000 + Taxes
Annual fee waived on spending ₹1 Lakh or more in a year
Interest rate
Subject to Axis Bank standard tier guidelines
Late payment fee
Nil for balance up to ₹500; ₹400 for ₹501-₹5,000; ₹600 for ₹5,001-₹10,000; ₹800 for balance above ₹10,000.
Insurance & Protection Benefits
Eligibility Criteria
age
21 to 65 years
employment profiles
Salaried and Self-Employed Profiles
Credit score & income
Good (750+)
Frequently Asked Questions
What's the reward rate on IndianOil Axis Bank Premium?
How many lounge visits does this card offer?
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... | No Lounge Access (Premium Banking customers get 1 Priority Pass visit/month) | 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 |