Axis Bank IndianOil Axis Bank credit card
Axis Bank× IndianOilRuPay · UPIFuel

IndianOil Axis Bank credit card

4% value on IndianOil fuel, 1% online, UPI-enabled RuPay.

33
Personal score33/100● Weak fit
Recurring net savings₹2,743/yrafter fee, GST and caps · bills paid in full
First-year value₹2,403incl. ₹250 welcome, ₹590 joining fee
Effective savings rate0.7%on ₹3,87,600 card spend · 6% = full marks
Annual fee (incl. GST)Waived ₹590waiver at ₹50,000 spend
Lounge access✈ noneyou can use 0 of your visits
PersonaliseOfficial page ↗

Source: Axis Bank – IndianOil Axis Bank product page · last reviewed 2026-09-12

Standard profile
Scored for Typical Indian cardholder · ₹32k/monthBills paid in full · first-year offers shown separately · set up your profile to score cards for your own spend

Why it fits – and what to watch

hover any tile for the detail
₹1,200/yr20 ERP/₹100 at IndianOil (fuel assumed at…
Waived₹590 fee
0/2lounge visits covered
1/1lifestyle perks matched
−₹240lost to caps
₹30,000earns nothing (bills & utilities)

! No usable lounge access although you asked for it.

Where the money comes from

₹2,743/yr · 0.7%
20 ERP/₹100 at IndianOil (fuel assumed at…on ₹36,000 · cap hit₹1,200
5 ERP/₹100 on online shoppingon ₹72,000₹720
Base rate 0.2% on other spendson ₹1,70,640₹341
1 ERP/₹100 on UPIon ₹60,960₹122
Excluded categories (no rewards)on ₹48,000₹0
Fuel surcharge waiver₹360
How ₹2,743/yr is calculated
IndianOil Axis Bank
+ Reward value on your spendat ₹0.2/EDGE Reward Points realistic value
₹2,383
+ Fuel surcharge waiver1% up to ₹50/month
₹360
+ Annual fee incl. 18% GSTwaived – ₹590 at ₹50,000 spend
₹0
= Recurring net savings
₹2,743/yr
÷ card spend counted UPI-only rupees excluded on non-RuPay cards
₹3,87,600
= Effective savings rate
0.7%

How the score of 33 is built

weights total 100% · methodology
Net savings rate14/100 × 55%7.9
Usable lounge access0/100 × 15%0.0
Redemption flexibility60/100 × 10%6.0
Lifestyle fit100/100 × 10%10.0
Simplicity80/100 × 5%4.0
Fee safety100/100 × 5%5.0

Airport lounges with this card

This card has no complimentary lounge access. Find cards that get you in →

Card facts

💳 Base earn0.2%value on eligible spend
⚡ Accelerated4% 20 ERP/₹100 at IndianOil 1% 5 ERP/₹100 on online…1 ERP/₹100 on UPI
🚫 No rewards onrentutilitiesinsuranceeducation
🏷️ Fees₹590/yr incl. GSTwaived on ₹50,000 spend · joining ₹500
🎁 Welcome (year 1)≈ ₹250100% cashback up to ₹250 on first fuel transaction
🏁 Milestonesnone
✈️ Lounge✈0 dom🌏0 intlNone
🌏 Forex markup3.5%+ GST on the markup
🔁 Redemption₹0.2/EDGE Reward Points ★★★☆☆1 ERP = ₹0.20.
🧩 Simplicity★★★★☆set and forget
🎯 Lifestylefuel waiver
🪪 EligibilityIncome ₹3L+/yr

At a glance

  • UPI on RuPay
  • Fuel rewards at IOCL
  • Cheap
  • ₹100/month fuel cap
  • Weak elsewhere
  • No lounge

Community Q&A on the IndianOil Axis Bank

Threaded questions from cardholders · the Advisor can add a computed answer.

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Frequently asked questions

What is the annual fee of the IndianOil Axis Bank?

Joining fee ₹500 and renewal fee ₹500, plus 18% GST (₹590 a year). The renewal fee is waived if you spend ₹50,000 in the card year.

Does the IndianOil Axis Bank give airport lounge access?

No lounge access. None.

How much can I save with the IndianOil Axis Bank?

For our example profile (Typical Indian cardholder (₹32k/month)) the recurring net saving is ₹2,743 a year, an effective savings rate of 0.7% after the fee. Use Find My Card to see your own number – it depends on where you spend and which caps you hit.

What are the IndianOil Axis Bank's reward exclusions and caps?

No rewards on rent, utilities, insurance, education. 20 ERP/₹100 at IndianOil (fuel assumed at IOCL): capped at ₹100 a month

Sources

Reviewed 2026-09-12. Point values are our realistic estimates – see methodology. Also: IndianOil Axis Bank lounge access by airport · all Axis Bank cards · change log.