IndianOil Axis Bank Credit Card

Name: IndianOil Axis Bank Credit Card
Brand: Axis Bank

Axis Bank • RuPay fuel card with 4% value back at IndianOil outlets

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This co branded RuPay card is built for IndianOil fuel spends, giving 4% value back at IOCL outlets plus a fuel surcharge waiver. The official value chart shows ₹5,478 of annual benefits on ₹1,68,000 spends, including about 60 litres of free fuel value. Axis Bank official launch release confirms it is a RuPay contactless card, so it can be used for UPI payments.

Annual Fee (+ 18% GST)₹500 (₹590 incl. GST)

Fee WaiverNo fee waiver

Joining PerkActivation benefits worth ₹250 as shown in the official value chart

Primary Reward4% value back on fuel spends at IndianOil outlets and 1% value back on online shopping, as derived from the official value chart of ₹2,400 on ₹60,000 fuel spends and ₹420 on ₹42,000 online spends

Airport Lounge AccessNo complimentary lounge access. The official product page lists fuel, movie and surcharge benefits with no lounge benefit.

Forex Markup3.5% + 18% GST

RuPay UPIYes — RuPay UPI enabled

Best ForDrivers who refuel regularly at IndianOil outlets and want RuPay UPI payments with fuel rewards

What We Like

4% value back on fuel at IndianOil outlets with surcharge waiver
RuPay variant confirmed in the official Axis Bank launch release for UPI use
Movie ticket savings and low ₹500 annual fee

Watch Out

No complimentary lounge access
Best earn is limited to IndianOil fuel outlets only
Only 1% value back on online shopping and lower on other spends

MITC & Hidden Charges

Annual fee ₹500 plus 18% GST, total ₹590. Other charges as per the issuer's MITC.

IndianOil Axis Bank Credit Card FAQs

Is IndianOil Axis Card a RuPay card usable on UPI?

Yes. Axis Bank official launch release for the IndianOil co branded card confirms a RuPay contactless credit card, which can be linked for UPI payments.

What value back does it give on fuel?

It gives 4% value back on fuel spends at IndianOil outlets, shown as ₹2,400 benefit on ₹60,000 annual fuel spends in the official value chart.