IndianOil Axis Bank RuPay Credit Card – Fees & Key Charges
| Category | Details |
| Joining Fee | ₹500 + GST |
| Annual Fee | ₹500 + GST |
| Annual Fee Waiver | Spend ₹3,50,000 in a year to waive the renewal fee |
| Fuel Rewards (IndianOil) | 4% value back (20 reward points per ₹100) on transactions of ₹400–₹4,000, subject to a monthly cap |
| Online Shopping Rewards | 5X reward points (≈1% value back), within monthly limits |
| Other Spending Rewards | 1 reward point per ₹100 |
| Fuel Surcharge Waiver | 1% waiver on ₹400–₹4,000 fuel spends; max ₹50 per statement cycle |
| Interest Rate (if unpaid) | Up to 3.75% per month (~45–55% annually) |
| Cash Withdrawal Fee | 2.5% of the amount (minimum ₹500) |
| Foreign Currency Markup | 3.5% + GST |
| Add-on Card Fee | Usually free |
IndianOil Axis Bank RuPay Credit Card Eligibility Criteria
To be eligible for an IndianOil Axis Bank RuPay credit card:
- You need to be 18 or over to apply for yourself or as an add-on cardholder.
- You can also apply as a resident or NRI
- You need to submit standard KYC documents (PAN, proof of residence) and proof of income (depending on how you work, pay stubs, Form 16, ITR).
- Final approval depends on the bank’s review of your credit score and financial profile.
IndianOil Axis Bank RuPay Credit Card Rewards and Benefits
So, these are the rewards and benefits of this card, which you must have a look at before applying for this card:-
- Fuel Rewards: When you fill up at IndianOil petrol pumps, you get 4% back in reward points. For every ₹100 you spend, you get 20 points. And, if you spend ₹1,000, you get ₹40 back. You also save 1% on fuel surcharge for transactions between ₹400 and ₹4,000. This saving is capped at ₹50 per statement cycle.
- Rewards on Online Shopping:- When you shop online, you earn 5 reward points for every ₹100 you spend. This works out to about 1% back. However, there are limits to how much you can earn each month.
- Other Spending: For all purchases, you earn 1 reward point for every ₹100 spent. This is worth ₹0.20 for every ₹100 you spend.
- Welcome Benefit:- You can receive bonus reward points on your first fuel transaction if it is made within a specified time after card activation, as per the current offer (value calculated at ₹0.20 per point).
- Entertainment and Dining Offers:- The card may offer discounts on movie ticket bookings and dining through ongoing Axis Bank partner offers, depending on what is active at the time.
- UPI and Payments:- Since it is a RuPay credit card, you can link it to UPI apps and use it for scan-and-pay transactions. It also supports contactless tap-to-pay payments.
Overall, this card is really good if you often buy fuel from IndianOil and want rewards on daily spending.
IndianOil Axis Bank RuPay Credit Card Pros and Cons
Pros |
Cons |
| 4% value back on fuel at IndianOil (within limits) | Fuel rewards and surcharge waivers have monthly caps |
| 5X points on online shopping (around 1% back) | ₹500 annual fee (waiver needs high yearly spend) |
| 1% fuel surcharge waiver (up to ₹50 per month) | UPI fuel payments may not always earn fuel rewards |
| Can be linked to UPI for scan-and-pay | Regular spending rewards are average |
| Simple and easy reward structure | Not ideal if you don’t buy fuel often |
IndianOil Axis Bank RuPay Credit Card Review
The IndianOil Axis Bank RuPay Credit Card is a practical choice for people who regularly fill fuel at IndianOil petrol pumps. It offers around 4% back in value on fuel purchases, its biggest advantage, along with a 1% fuel surcharge waiver within limits.
You also earn about 1% back in value on online shopping, making it useful beyond fuel. The reward structure is simple and easy to understand, and the card supports UPI and contactless payments.
However, the fuel benefits come with transaction limits and monthly caps. The ₹500 annual fee is reasonable, but the waiver requires high yearly spending. This fuel card is a good option, but it is not the best choice if you do not spend much on fuel. The fuel card works for everyday expenses, but it is not ideal if your main expenses are not fuel-related.
FAQ
How much reward do I get for fuel?
You get 4% value back on fuel at IndianOil petrol pumps. That means 20 points for every ₹100 spent. You also get a 1% fuel surcharge waiver (₹400–₹4,000 transactions), up to ₹50 per month.
How much will I earn from online shopping?
You get 5 reward points for every ₹100 spent, which is about 1% back in value.
Is there any welcome offer?
Yes, you can get bonus reward points on your first fuel transaction if done within the offer period after activating the card.
Can I use this card on UPI?
Yes. Since it’s a RuPay credit card, you can link it to UPI apps and pay by scanning QR codes. It also supports tap-to-pay.