Axis Indian Oil Credit Card: Save Big with 4% Fuel Cashback in 2025

Apply Now

Card Fees

₹500/-

Joining Fees

₹500/-

Annual Fees

3.5%

Foreign Transaction Fee

₹0/-%

APR

2.5%

Over-limit Fee

Eligibility Criteria

18-70

Minimum & Maximum Age Criteria

15,000

Minimum monthly income

750

Minimum Credit Score

Category

, ,

Minimum Credit Score Required

750

Annual Charges

₹500/-

Features

  • 4% cashback on fuel spends
  • Fuel surcharge waiver
  • Reward points on groceries

Welcome Offer

  • ₹250 worth of fuel cashback on first fuel spend (within 30 days of card issuance)

The IndianOil Axis Bank Credit Card is a co-branded fuel credit card designed to offer substantial savings and rewards on fuel purchases at IndianOil outlets across India. Cardholders earn 20X EDGE Reward points on fuel spends at IndianOil outlets, translating to a 4% value back on these transactions.

Written By:

Hasnain Memon

Last Updated:

April 24, 2025

Key Features

  • Fuel Rewards: Earn 20X EDGE Reward Points (equivalent to 4% value back) on fuel purchases at Indian Oil outlets.
  • Online Shopping Rewards: Receive 5X EDGE Reward Points (1% value back) on online shopping transactions.
  • Fuel Surcharge Waiver: Benefit from a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at Indian Oil outlets, with a maximum waiver of ₹50 per statement cycle.
  • Dining Discounts: Enjoy a 20% discount at over 4,000 partner restaurants through Axis Bank’s Dining Delights program.
  • BookMyShow Discount: Avail a 10% discount on movie ticket bookings via BookMyShow.

Fees And Charges

Fee/Charge Amount
Joining Fee ₹500 + GST
Annual Fee ₹500 + GST (waived on annual spends of ₹50,000 or more)
Finance Charges (Interest Rate) 3.4% per month (49.36% per annum)
Cash Withdrawal Fee 2.5% of the amount withdrawn (minimum ₹500)
Late Payment Charges – Nil for outstanding amounts less than ₹500
– ₹500 for outstanding amounts between ₹501 and ₹5,000
– ₹750 for outstanding amounts between ₹5,001 and ₹10,000
– ₹1,200 for outstanding amounts above ₹10,000
Overlimit Fee 2.5% of the overlimit amount (minimum ₹500)
Returned Payment Charge 2% of the payment amount (minimum ₹500)
Fuel Transaction Charge 1% of the transaction amount (surcharge waived for transactions at IndianOil outlets)

Pro and Cons:

Pros:

  • Significant rewards on fuel purchases.
  • Additional rewards on online shopping.
  • Fuel surcharge waiver enhances savings.
  • Dining and entertainment discounts add value.

Cons:

  • Rewards are primarily beneficial for IndianOil fuel purchases.
  • Annual fee waiver requires substantial annual spending.
  • Limited benefits on offline shopping and other categories.

How To Apply

Online Application:

  1. Visit the Axis Bank IndianOil Credit Card page.
  2. Click on “Apply Now” and fill in the required personal and financial details.
  3. Submit necessary documents, such as identity proof, address proof, and income proof.

Offline Application:

  1. Visit the nearest Axis Bank branch.
  2. Request the IndianOil RuPay Credit Card application form.
  3. Complete the form and provide the required documents.

Additional Information

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  1. What rewards do I earn on fuel purchases?
    • You earn 20X EDGE Reward Points, equivalent to a 4% value back, on fuel spends at IndianOil outlets.
  2. Is there a cap on fuel surcharge waiver?
    • Yes, the maximum waiver is ₹50 per statement cycle for transactions between ₹400 and ₹4,000.
  3. How can I redeem my reward points?
    • Reward points can be redeemed through the Axis Bank EDGE Rewards portal for various products and services.
  4. Are there any dining benefits?
    • Yes, you get a 20% discount at over 4,000 partner restaurants via the Dining Delights program.
  5. What is the annual fee waiver criterion?
    • The annual fee of ₹500 is waived if your annual spends exceed ₹50,000.

About

At FinWitty, we dive deep into the features, benefits, and rewards of various credit cards to bring you honest reviews, comparisons, and recommendations. Whether you’re looking for the best cashback card, travel perks, or fuel savings, we ensure you have all the insights needed to pick the perfect card for your needs.

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