What is the annual fee for Axis Indian Oil Credit Card?

The annual fee is ₹500, which is also charged as a joining fee. However, Axis waives this fee entirely if your annual credit card spends reach ₹3.5 lakh.

How to apply for Axis Indian Oil Credit Card?

You can apply directly through Axis Bank's website, mobile app, or visit a nearby branch with required documents (ID proof, address proof, income documentation). Approval is typically processed within 5-7 business days.

What rewards does Axis Indian Oil Credit Card offer?

The card earns 1% EDGE REWARD Points on all spends. New cardholders also get up to 1,250 EDGE REWARD Points (₹250 value) as welcome cashback on fuel transactions within 30 days of activation.

What are the eligibility criteria for Axis Indian Oil Credit Card?

Specific eligibility criteria are not detailed in the card's core features. Typically, Axis requires applicants to be 21–65 years old with a stable income and good credit history. Contact Axis directly or check their website for exact requirements.

Does Axis Indian Oil Credit Card offer airport lounge access?

No airport lounge benefits are mentioned for this entry-tier fuel card. It focuses primarily on fuel-specific rewards and cashback rather than premium travel perks.

Is Axis Indian Oil Credit Card worth it?

It's worthwhile if you spend ₹3.5L+ annually to waive the ₹500 fee, and if you pump fuel regularly to maximize the 1% reward rate. For occasional fuel buyers or those with lower spends, the fee may outweigh benefits.

Credit Cards

FuelEntryVisa✦ Indian Oil Corporation Limited

Axis Indian Oil Credit Card

Fuel rewards that actually add up fast

Annual fee₹500Waived on ₹3.5L spend

Rewards1.00%1 EDGE REWARD Point per ₹100

Forex markup3.5%3.5% of the transaction value

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Welcome benefits

worth ₹250

100% valueback on fuel - up to 1250 EDGE REWARD Points on first fuel transactions within 30 days

Type: Reward Points
Trigger: within 30 days
Partner: Indian Oil Corporation Limited
Validity: 30 days

Rewards

Base earn rate

Earn 1 EDGE REWARD Point on 100 spend with your Credit Card

EDGE REWARDS

Excludes: Insurance, Gold, Jewellery, Wallet, Rent, Utilities, Government, Education

Category	Rate	Cap
Fuel Iocl	—	—
Online Shopping	—	—

• Redemption fee: ₹99

Fees & charges

Joining fee: ₹500
Annual / renewal fee: 1st Year: Nil 2nd Year onwards: ₹500
Annual fee waiver: Spend more than ₹3,50,000 in a card anniversary year and you will be eligible for annual fee waiver
Add-on card fee: Nil
Interest rate: 3.75% p.m. (45.00% p.a.)
Interest-free period: 50 days
Cash advance fee: 2.5% (Min. ₹500) of the cash amount
Overlimit fee: 2.5% of the over limit amount (Min ₹500)
Payment dishonour: ₹500
Forex markup: 3.5% of the transaction value
DCC markup: 1.50%
Rent payment fee: 1% (w.e.f. Jul 2025)
Reward redemption: ₹99 per redemption
Fuel surcharge: 1% waiver, on ₹400–₹4000 txns, max ₹50/cycle

Late payment

Nil if Total Payment Due is less than ₹500 ₹500 if total payment due is between ₹501 - ₹5,000 ₹750 if total payment due is between ₹5,001 - ₹10,000 ₹1200 if total payment due is greater than ₹10,000 An additional ₹100 charge will be levied if the 'Minimum Amount Due (MAD)' is not paid for two consecutive cycles and will apply until the MAD is cleared.

View official MITC →

Eligibility

Age: 18–70 years

Employment types

Resident IndianNon Resident Indian

Features

✓ International usage

Additional features

Credit Limit Increase
Instant loan on credit card
Credit Card against Fixed Deposit
Grab Deals
Convert Purchases Into EMIs
Credit Card Control Center

No rewards on

Insurance · Gold · Jewellery · Wallet · Rent · Utilities · Government Institutions · Education

Is this card worth it for you?

Your monthly spend

₹10,000₹5,00,000

Fuel iocl — 4% back

0% of spend100% of spend

Online shopping — 1% back

0% of spend100% of spend

Remaining 65% of spend earns the 0.2% base rate.

Rewards / year

₹3,960

≈ 0.66% effective

Annual fee

₹0 (waived)

waived at ₹3,50,000/yr spend

Net steady-state return

+₹3,960/year

Strong fit at this spend

At ₹50,000/month, rewards outrun the fee by ₹3,960 a year.

Apply Now Check Eligibility →

One-time joining fee (year 1 only): ₹500

One-time welcome benefit: ~₹250 — One-time only; primary card only; earn EDGE REWARD Points worth equivalent to value of first fuel transaction, up to Rs. 250 (Max 1250 points), on first fuel transaction (MCC 5541/5542/5983) within first 30 days of card issuance; processed within 30 days of eligible transaction.

Based on published rates as of 2026-08-07; assumes 1 EDGE REWARD Point = ₹0.20, derived from issuer's own '20 reward points per ₹100 = 4% value back' fuel statement and corroborated by welcome T&C (1250 points = Rs. 250). Redemption via EDGE loyalty rewards catalogue (edgerewards.axis.bank.in); per-point rupee value varies by redemption path and was not stated as a single figure on the catalogue page (JS-rendered).. Rewards estimates, not guarantees.