Unlock amazing fuel savings with the Axis Bank IndianOil Credit Card—perfect for frequent drivers! Earn 20 reward points per ₹100 spent on fuel at IndianOil outlets, enjoy a 1% fuel surcharge waiver, and convert points into free fuel. This card also offers dining discounts, access to the EDGE Rewards program, and more—all with a low annual fee. Learn about features, eligibility, fees, and how to apply. Compare it with other fuel cards and discover smart tips to maximize your benefits. Ideal for smart savers who want more from every liter. Read our full guide now!
Table of Contents
Introduction to the Axis Bank IndianOil Credit Card
Let’s be honest—fuel prices aren’t getting any cheaper. Whether you’re commuting daily or planning weekend getaways, the fuel bill can burn a hole in your pocket. That’s where the Axis Bank IndianOil Credit Card comes in. This card is tailor-made for frequent drivers who want to turn every liter of petrol into real savings.
Why Axis Bank IndianOil Credit Card Are a Game-Changer
If you drive regularly, you know how fuel costs can quickly add up. Fuel credit cards help offset these expenses by offering:
- Reward points on fuel purchases
- Fuel surcharge waivers
- Cashback and discounts at partner fuel stations
Think of them as your sidekick every time you refuel. Instead of dreading the fuel meter, you’ll be earning perks!
Key Features of the Axis Bank IndianOil Credit Card
Let’s break down why this card is a winner for so many Indians.
Accelerated Reward Points on Fuel
You earn 20 reward points for every ₹100 spent on fuel at IndianOil outlets. That’s a massive boost compared to regular credit cards.
Fuel Surcharge Waiver
Nobody likes that extra 1% surcharge on fuel transactions. This card offers a 1% fuel surcharge waiver on spends between ₹200 and ₹5,000 at IndianOil pumps.
Reward Points Conversion to Fuel
You can redeem your earned reward points directly for free fuel at select IndianOil outlets. Each point is like digital fuel in your wallet!
Fees and Charges Of Axis Bank IndianOil Credit Card
Always check the price tag before jumping into a deal. Let’s look at what it’ll cost to keep this card.
Joining Fee & Annual Charges
- Joining Fee: ₹500 + GST
- Annual Fee: ₹500 + GST (Waived off on annual spends of ₹50,000)
Basically, use the card regularly and you won’t have to pay this fee again.
Interest Rates & Late Payment Fees
- Interest Rate: Up to 3.6% per month (or 52.86% annually)
- Late Payment Fee: Varies by outstanding balance, starting from ₹500
So, pay your bills on time unless you want to give your savings back in interest.
Eligibility Criteria and Documentation
Before applying, make sure you tick all the boxes.
Who Can Apply?
- Age: 18 to 70 years
- Income: Stable monthly income (salaried or self-employed)
- Credit Score: Preferably above 700
What Documents Are Needed?
- PAN Card
- Aadhaar Card
- Income proof (salary slip, ITR)
- Address proof
A quick checklist and you’re good to go!
How to Apply for the Axis Bank IndianOil Credit Card
Online Application Process
- Visit the Axis Bank website.
- Navigate to Credit Cards > IndianOil Credit Card.
- Fill in your personal and income details.
- Upload documents.
- Submit the application.
Approval usually takes a few days if all goes well.
Offline Application at Branches
Prefer the old-school route? Walk into the nearest Axis Bank branch with your documents and apply with the help of a representative.
Benefits Beyond Fuel Savings
Yep, this card does more than just save you money at the pump.
Dining Discounts
With Dining Delights, you get up to 15% off at partner restaurants. Date night just got cheaper.
Edge Rewards Program
Earn EDGE reward points on every other spend—shopping, dining, travel, you name it. It’s like cashback, but fancier.
Smart Tips to Maximize Card Benefits
Let’s talk strategy.
Use at IndianOil Outlets
Stick to IndianOil stations to grab those 20X points. Other fuel stations won’t give you the same perks.
Timely Bill Payments
Late payments mean interest and penalties. Set auto-pay or reminders to stay ahead.
Comparing Axis IndianOil Card with Other Fuel Cards
Wondering how it stacks up against the competition?
HDFC Bharat Cashback vs. Axis IndianOil
- HDFC Bharat Cashback: 5% cashback on fuel, mobile bills, and groceries
- Axis IndianOil: Better if you want free fuel through point redemption
Choose based on where you spend more.
SBI BPCL vs. Axis IndianOil
- SBI BPCL: Higher points per ₹100 on fuel but slightly higher fees
- Axis IndianOil: Lower fees and easier point redemption
Both are solid—pick what suits your lifestyle.
Security and Customer Support Features
The card is EMV chip-enabled, offering fraud protection and contactless payments. Axis Bank also provides 24×7 customer care for all card-related queries.
Common User Concerns and Resolutions
- “Can I use this card for online fuel payments?” Yes, as long as it’s at authorized IndianOil partners.
- “Are reward points capped?” Yes, fuel-related rewards are capped at 1000 points per billing cycle.
- “What if I lose my card?” Call Axis customer support immediately to block it and request a replacement.
Pros and Cons Summary
Pros:
- Excellent fuel savings
- Low annual fee
- Dining and lifestyle benefits
Cons:
- Points primarily useful for fuel
- Best rewards only at IndianOil stations
- Cap on monthly reward points
Conclusion
If you drive often, especially to work or out of town, the Axis Bank IndianOil Credit Card could be your best buddy. It transforms routine fuel expenses into free fuel over time, throws in some lifestyle perks, and doesn’t burn a hole in your wallet with high fees.
HDFC Swiggy Credit Card 2025: The Ultimate Cashback Card for Foodies and Shoppers
FAQs About Axis Bank IndianOil Credit Card
What is the Axis Bank IndianOil Credit Card?
It’s a co-branded credit card from Axis Bank and IndianOil, designed to offer fuel rewards and savings.
Who should apply for this credit card?
It’s best suited for people who frequently spend on fuel and want cashback and rewards on those expenses.
What are the main benefits of this card?
Key benefits include accelerated reward points on fuel purchases, a 1% fuel surcharge waiver, and savings on grocery and utility spends.
Where can I use this card to earn maximum rewards?
Maximum rewards are earned when the card is used at IndianOil fuel stations, especially through authorized POS machines.
How can I apply for the Axis Bank IndianOil Credit Card?
You can apply online through Axis Bank’s website, visit a branch, or use partner platforms by submitting KYC and income documents.
What are the joining and annual fees for this card?
The card typically has a joining and annual fee (e.g., ₹500), with possible waivers if you meet certain annual spending criteria.
Can I redeem my reward points for fuel?
Yes, you can redeem your earned points against fuel purchases at select IndianOil petrol pumps.
Does this card provide a fuel surcharge waiver?
Yes, a 1% fuel surcharge waiver is offered on transactions made at IndianOil fuel stations, subject to monthly caps.
What is the eligibility to apply for this card?
Applicants should be Indian residents aged between 18 and 70 with a stable income and good credit history.
Does this card offer rewards for non-fuel purchases?
Yes, it also provides reward points on other spending categories like groceries and utilities, though at a lower rate.
How are fuel rewards calculated on this card?
Fuel rewards are calculated as accelerated EDGE REWARD points per ₹100 spent at IndianOil outlets, based on the bank’s rewards structure.
Is there a cap on the reward points I can earn monthly?
Yes, there is usually a monthly cap on accelerated reward points for fuel spends.
Can this credit card be linked to mobile wallets?
Yes, it can be linked to most popular digital wallets like Google Pay, PhonePe, and Paytm.
What should I do if I lose the card?
Immediately report the loss to Axis Bank’s customer care to block the card and request a replacement.
How do I check my card application status?
You can track the application online using the application reference number or contact Axis Bank support for updates.