What is the annual fee for IndianOil Axis Bank Premium Credit Card?

The annual fee is ₹1,000, with an identical joining fee. The annual fee is waived if you spend ₹30,000 or more in a calendar year.

How to apply for IndianOil Axis Bank Premium Credit Card?

You can apply through Axis Bank's official website, mobile app, or visit a branch directly. OnePaisa also provides direct application links — compare and apply in seconds.

What rewards does IndianOil Axis Bank Premium Credit Card offer?

You earn 0.67% in EDGE MILES on all purchases. The card also offers 500 EDGE MILES as a welcome benefit when you spend within 30 days of activation.

What are the eligibility criteria for IndianOil Axis Bank Premium Credit Card?

Eligibility criteria including minimum income and age requirements are not specified in available details. Check Axis Bank's official website or contact their support team for current eligibility norms.

Does IndianOil Axis Bank Premium Credit Card offer airport lounge access?

Yes, the card provides 8 complimentary domestic lounge visits per year, giving you access to airport lounges across India.

Is IndianOil Axis Bank Premium Credit Card worth it?

It's worthwhile if you frequently visit fuel pumps and airports — the lounge access adds value. The ₹1,000 fee is easily waived with ₹30,000 annual spend, making it practical for regular drivers. Compare alternatives on OnePaisa to find the best fit.

Credit Cards

FuelPremiumVisa✦ IndianOil

IndianOil Axis Bank Premium Credit Card

Fuel rewards + lounge access for frequent drivers

Annual fee₹1,000Waived on ₹0.3L spend

Rewards0.45%0.67 EDGE MILE per ₹150

Forex markup3.5%3.50% of Transaction value

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Welcome benefits

worth ₹500

500 EDGE MILES on first spend within 30 days

Type: Miles
Trigger: within 30 days
Validity: 30 days

Rewards

Base earn rate

Uncapped base earn of 1 EDGE MILE on every ₹150 spent. EDGE MILES will be credited directly to the customer's EDGE account

EDGE MILES

Category	Rate	Cap
Fuel	—	Transact up to ₹15,000 per month to avail the offer. Continue to earn 1 EDGE MILE on every ₹150 spent for spends above ₹15,000 per month
Grocery	—	Transact up to ₹5,000 per month to earn up to 33 EDGE MILES. Continue to earn 1 EDGE MILES on every ₹150 spent for spends above ₹5,000 per month

• Redemption fee: ₹99

Milestone benefits

Spend ₹30,000 and above in an anniversary year to be eligible for annual fee waiver

Lounge access

Domestic

8visits / year

Max 2 per quarter

International

Not included

Fees & charges

Joining fee: ₹1000 + GST
Annual / renewal fee: ₹1000 + GST
Annual fee waiver: Annual fee waived off on spends of ₹30,000 and above
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% on the amount withdrawn (Minimum ₹500)
Overlimit fee: 2.5% (Minimum ₹500) of Over limit amount (excluding fees, charges and taxes)
Payment dishonour: ₹500
Forex markup: 3.50% of 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 ₹400/cycle

Late payment

Nil if outstanding amount is less than ₹500 ₹500 if outstanding amount is between ₹501 and ₹5,000 ₹750 if outstanding amount is between ₹5,001 and ₹10,000 ₹1,200 if outstanding amount is greater than ₹10,001 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

Features

✓ International usage

Additional features

{"feature_name":"Zomato Discount","feature_description":"Get 30% off on food delivery at Zomato with your IndianOil Axis Bank Premium Credit Card. Use Coupon code AXISIOCL. Maximum discount is capped at ₹150 per order. Offer is applicable on minimum spending of ₹200. Customer can avail the discounts up to 2 times in a month"}
{"feature_name":"Wednesday Delight","feature_description":"Beat the mid-week blues with exciting offers every Wednesday. Instant savings of up to 15% on flights & hotels via MakeMy Trip. 10% off on orders via Swiggy. 10% off upto ₹1000 on Tira"}

Is this card worth it for you?

Your monthly spend

₹10,000₹5,00,000

Fuel — 4% back

0% of spend100% of spend

Groceries — 1.33% back

0% of spend100% of spend

Remaining 65% of spend earns the 0.67% base rate.

Rewards / year

₹8,610

≈ 1.44% effective

Annual fee

₹0 (waived)

waived at ₹30,000/yr spend

Net steady-state return

+₹8,610/year

Strong fit at this spend

At ₹50,000/month, rewards outrun the fee by ₹8,610 a year.

Apply Now Check Eligibility →

One-time joining fee (year 1 only): ₹1,000

One-time welcome benefit: ~₹500 — 500 EDGE Miles credited on first transaction made within 30 days from date of card issuance, with no minimum spend criteria (credited T+12 days). Not applicable to existing/migrated IOCL Axis Premium cardholders.

Based on published rates as of 2026-08-07; assumes 1 EDGE Mile = INR 1, stated first-hand in the card T&C base-earn clause and confirmed in the Redemption rate summary (Fuel at IndianOil outlets: Re.1 per EDGE Mile). Airline/hotel partner transfers are less favorable (2 EDGE Miles = 1 Partner point).. Rewards estimates, not guarantees.