"Best fuel card for IndianOil users from Axis Bank โ accelerated rewards at IndianOil fuel stations with fuel surcharge waiver and dining discounts"
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Quick Summary
๐ณ Joining Fee
โน500 + GST
๐ Renewal Fee
โน500 + GST
Waived: Annual fee waived on spending โน50,000 or more in the card anniversary year
๐ฏ Best Suited For
Regular IndianOil fuel buyers who prefer Axis Bank; those wanting a dedicated fuel card with dining benefits at a low annual fee
๐ Reward Type
EDGE Reward Points (1 EDGE RP = โน0.20 for vouchers; accelerated at IndianOil)
๐ Welcome Benefit
Check current welcome offer on Axis Bank website
๐ฐ Reward Rate
Accelerated EDGE Reward Points at IndianOil fuel stations (up to 4% effective value back); base earn on other retail spends; excludes wallet, EMI, rent, government; verify current reward structure on Axis Bank website
โ๏ธ Lounge Access
No complimentary airport lounge access
โฝ Fuel Waiver
1% fuel surcharge waiver at IndianOil and all fuel stations on transactions โน400 to โน4,000; maximum โน400 per statement cycle
Accelerated rewards at IndianOil โ up to 4% effective
Fuel surcharge waiver at all stations
Low โน500 fee with easy โน50K waiver
15% dining discount
Accessible eligibility
โ Cons
Rewards only accelerated at IndianOil
No lounge access
High forex markup 3.5%
Low base earn rate on non-fuel spends
Verify current reward structure on Axis website
๐ Rewards & Benefits
Reward Type
EDGE Reward Points (1 EDGE RP = โน0.20 for vouchers; accelerated at IndianOil)
Welcome Benefits
Check current welcome offer on Axis Bank website
Reward Rate
Accelerated EDGE Reward Points at IndianOil fuel stations (up to 4% effective value back); base earn on other retail spends; excludes wallet, EMI, rent, government; verify current reward structure on Axis Bank website
1% fuel surcharge waiver at IndianOil and all fuel stations on transactions โน400 to โน4,000; maximum โน400 per statement cycle
Lounge Access
No complimentary airport lounge access
Spend Based Fee Waiver
Annual fee waived on โน50,000 annual spend
Milestone Benefits
Annual fee waiver on โน50K spend
Other Benefits
Accelerated rewards at IndianOil; fuel surcharge waiver at all stations; 15% off at partner restaurants via Axis Bank Dining Delights; contactless payments; Smart EMI on โน2,500+; Axis Mobile app management
โจ Special Perks & Exclusive Offers
Memberships
Details coming soon
Insurance Cover
Zero liability on timely reporting
Add-on Cards
Add-on cards for family
Concierge Services
Details coming soon
Special Offers
Accelerated rewards at IndianOil; fuel surcharge waiver; dining 15% off
๐ณ Fees & Interest Rates
Joining Fee
โน500 + GST
Annual Fee / Renewal Fee
โน500 + GST โ Waived on: Annual fee waived on spending โน50,000 or more in the card anniversary year
Interest Rate (APR)
๐กPay your balance in full each month and this never applies to you.
3.6% per month (43.2% per annum)
ATM Cash Withdrawal / Cash Advance
2.5% of withdrawn amount, minimum โน500
Late Payment Charges
As per Axis Bank prevailing slab
Over Limit Charges
2.5% of overlimit amount
Cheque Bounce / Auto-Debit Return
Details coming soon
Other Charges
Accelerated rewards only at IndianOil โ not at BPCL or HPCL; high forex markup 3.5%; no lounge access
๐ Eligibility & Credit Limit
Eligibility Criteria
Age 18 to 70 years; Indian resident; minimum monthly income โน15,000; good credit history
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