Axis Bank IndianOil Credit Card

The Axis Bank IndianOil Credit Card is one of the most used fuel credit cards in India. This card is mainly made for people who travel regularly — office goers, daily commuters, and families who use a bike or a car every day.

This card is available in two versions –

• The standard card is suitable for normal fuel usage and regular spending.
• The premium card is for users who want extra benefits like travel-related rewards and higher value on points.

Right now, we are talking about the standard version only.

What makes this card special is the fuel value back system. When you buy petrol or diesel at IndianOil (IOCL) petrol pumps, you earn reward points. These points can later be used again for fuel purchases. In practical terms, part of your fuel cost comes back to you as cashback.

From a real usage point of view, this card works best for people who refill fuel frequently. Instead of simple cashback, the reward structure helps reduce long-term fuel expense. That is why this card is very popular among middle-class users and small-city commuters who want real savings, not marketing promises.

The RuPay Network For Cards

The IndianOil Axis Credit Card is also available on the RuPay network, and this is a big reason for its fast growth.

As per ET BFSI, nearly one-third to almost 50% of all new credit cards in India are now being issued on the RuPay network. This clearly shows how Indian users are shifting their preference from Visa and Mastercard to RuPay.

In the real banking process, if you already have any Axis Bank Visa or Mastercard credit card, this IndianOil RuPay card usually comes as a pre-approved option. No long process, no fresh documents. In many cases, just one OTP confirmation and the card gets issued.

From the current trend, bank staff and online data both show the same thing — out of 10 new applicants in India, almost 8 people ask for a RuPay card. Reason is simple: RuPay works well with UPI linking, is accepted everywhere in India, and feels more local and future-ready.

Comparison: RuPay vs Global Card Networks

Feature	RuPay	Visa / Mastercard
Acceptance in India	Works at 350 million+ UPI merchants across India	Accepted at around 10 million POS machines
UPI Link Option	Yes – RuPay cards can be linked with any UPI app	No – UPI linking still not allowed
Average Spend per Use	Around ₹3,400 per transaction	Around ₹4,300 per transaction
International Usage	Limited right now, but slowly expanding	Accepted in 200+ countries worldwide

For Indian daily usage, RuPay is more practical because of UPI support and wide local acceptance. But if you do foreign travel and international payments, Visa and Mastercard are still stronger.

What Features Do You Get and How Do They Actually Help?

This Standard Credit Card is mainly made for fuel saving at IndianOil (IOCL) petrol pumps. This card is not for fancy spending. It is for daily use people who fill petrol or diesel regularly. Let’s see what you actually get with this card –

1. Welcome and Lifestyle Benefits

• With this card, you get a one-time welcome fuel benefit
• Do your first fuel refill within 30 days of card issuance
• You can earn up to 1,250 EDGE Reward Points
• Reward rate is ₹1 = 5 EDGE points
• The maximum fuel amount considered is ₹250 only
• So you get full value back on first fuel up to ₹250

You get this card today. After one week, you fill petrol of ₹250 at the IndianOil pump. That’s it. You don’t need to think anymore. After some days, 1,250 EDGE points come into your account. Next time, that fuel is almost free. Simple.

Important points to remember:

• Only the first fuel transaction is counted
• Fuel after 30 days → no welcome benefit
• Add-on card fuel → not eligible
• Rewards come within 30 days

Apart from fuel, the card also gives some lifestyle benefits:

• Movie Offer – You will get 10% instant discount on movie tickets booked via the BookMyShow app or website.
• Dining Offer – Also, you will get up to 15% discount (maximum ₹500 per month) at 10,000+ restaurants through EazyDiner.
  • Minimum bill amount should be ₹2,500.
• Wednesday Delight: Unlike normal days, you will get extra savings every Wednesday. The card offers on flights, hotels, Swiggy food, and up to ₹1,000 off on Tira.

2. Fuel Surcharge Waiver

• When you fill fuel using this card, 1% fuel surcharge is charged
• On fuel transactions at IndianOil (IOCL) pumps, this 1% surcharge is waived
• Fuel bill amount must be between ₹400 and ₹4,000
• The maximum surcharge waiver is ₹50 per statement cycle
• GST charged on fuel surcharge (18%) is not refunded
• Waiver applies only to fuel category transactions

You fill petrol for ₹1,000. The bank charges around ₹10 as a surcharge. That ₹10 is reversed later. Only a small GST part remains. So overall, fuel becomes slightly cheaper every time you refill.

Important to know: Even though a waiver is shown, the GST part on surcharge will still be charged. That is normal for all fuel cards.

3. Spend-Based Annual Fee Waiver

• If you spend more than ₹3,50,000 in one year on this card, the annual fee is waived
• This spend is counted in the card anniversary year
• Rent payments and wallet loads are not counted
• EMI transactions, cash withdrawal, fees, GST, and insurance spends are also not counted
• Only normal purchase spending is considered

Real Talk Tip (Important) – For a fuel-focused card, ₹3.5 lakh per year is too high for most users. If you use this card mainly for petrol, reaching this amount is not easy. So don’t take this card only for a fee waiver. Think of it as fuel saving card, not a high-spend card. If the bank reduces this limit in future, then it will make more sense.

Accelerated reward points Features

Fuel Rewards at IndianOil Petrol Pump (IOCL) – Explanation

• When you fill petrol or diesel at IndianOil (IOCL) pumps, you get 4% value back
• You earn 20 EDGE Reward Points for every ₹100 spent on fuel
• The fuel bill amount should be between ₹400 and ₹4,000 to get this benefit
• Monthly fuel spending limit for rewards is ₹5,000
• Fuel surcharge and 18% GST on surcharge are added in the final bill (this is normal)
• Extra reward points are credited within 24 days

This benefit is only for fuel, nothing else

Online Shopping Rewards (Basic)

• For online shopping, you get 1% value back
• You earn 5 EDGE Reward Points on every ₹100 spent
• The transaction amount should be between ₹100 and ₹5,000
• Monthly reward limit is ₹5,000
• Works on most Indian online websites

Normal Spending Reward

• On other normal spends, you earn 1 EDGE Reward Point for every ₹100
• Points can be used later from the EDGE Rewards catalogue

Where You Will NOT Get Rewards

You will not earn points on:

• Insurance payments
• Gold or jewellery
• Wallet loading
• Rent payments
• Electricity, gas, water bills
• Government fees
• Education payments

This card is best for fuel users. Online shopping rewards are okay. For bills and heavy categories, don’t expect points.

What Are the Fees, and Is This Card Really Cheap to Use?

Basic Fees

Charge Type	Amount
Joining Fee	₹500 (one time)
Annual Fee	1st year Free, then ₹500
Add-on Card	Free
Card Replacement	Free
SMS / Alerts	Free
Card Block (Hotlisting)	Free

Interest & Cash (Avoid This Area)

• Interest if you don’t pay the full bill: 3.75% per month (very high)
• Cash withdrawal: 2.5% or minimum ₹500 (big loss)
• Over-limit spending: 2.5% (min ₹500)

Desi tip: Credit card cash = last option only.

Late Payment Charges

Pending Amount	Late Fee
Below ₹500	Nil
₹501 – ₹5,000	₹500
₹5,001 – ₹10,000	₹750
Above ₹10,000	₹1,200
MAD not paid for 2 months	Extra ₹100

Other Common Charges

• Foreign transactions: 3.5% extra
• Reward redemption: ₹99 per time
• Rent payment: 1% + GST
• Education via apps: 1% (direct college website = no charge)
• Railway ticket surcharge: As per IRCTC
• GST: As a government rule

Watch Out (People Miss This)

If in one bill cycle you cross:

• Wallet load ₹10,000
• Fuel ₹50,000
• Utilities ₹25,000
• Online gaming ₹10,000

1% extra fee will apply.

Final Real Talk

Use this card mainly for petrol and avoid rent, cash withdrawal, and wallet loading. The last tip for you – Pay the full bill on time, and you’re safe.

Who Can Apply for an IndianOil Credit Card? (Eligibility)

• Main card holder age should be between 18 and 70 years
• An add-on card can be taken for those 15+ age and is free
• You should be an Indian resident or an NRI
• Minimum salary needed is around ₹18,000 per month (So, normal jobs can also apply, no high income needed)

Documents Needed

• PAN card copy or digital Video KYC Physical PAN (If PAN not there, Form 60 also works)
• Income proof(any ONE is enough)
  • Latest salary slip
  • Form 16
  • ITR copy
• Address proof(any ONE is enough)
  • Driving licence
  • Electricity bill
  • Landline bill

Unlike premium cards, this one is easy to get. If you have a regular job, basic documents, and an around ₹18k salary, approval chances are good.

Applying Process Online

Applying is very simple. Just tap on the Easemoney “Apply Now” button and check your eligibility. If approved, apply directly. During video KYC, show your physical PAN card. Your virtual credit card comes instantly, and the physical card reaches you within 7 days.

Value Chart – Real Yearly Savings

Where You Spend	Yearly Spend (₹)	Benefit You Get (₹)
Fuel at IOCL pumps	60,000	2,400
Fuel surcharge waiver	–	600
Online shopping	42,000	420
Movie tickets (BookMyShow)	12,000	1,200
Other normal spends	54,000	108
Welcome / activation benefit	–	250
Annual fee saving	–	500
Total	1,68,000	5,478

Source: This table is captured from the Axis Bank official website.

What This Means in Simple

If you spend around ₹1.68 lakh in one year, you save about ₹5,478. At a fuel price of ₹90 per litre, this saving is equal to around 60 litres of free fuel.

Real talk: This card makes sense mainly for petrol users, not heavy shopping people.

FAQs