IndianOil Axis Bank Premium Credit Card

Published: April 28, 2025 By Credit Card Path Editorial

IndianOil Axis Bank Premium Credit Card - Complete Guide

Card Issuer	Axis Bank
Joining Fee	₹500 + GST
Renewal Fee	₹500 + GST (waived if spends exceed ₹50,000 annually)
Card Category	Fuel Credit Card
Rewards Rate	Up to 25% valueback on fuel
Airport Lounge	4 complimentary visits per year
Railway Lounge	2 complimentary visits per quarter

About IndianOil Axis Bank Premium Credit Card

The IndianOil Axis Bank Premium Credit Card is specially designed for frequent fuel purchasers, offering exceptional benefits at IndianOil petrol pumps. This co-branded credit card provides accelerated rewards on fuel spends, dining, and groceries while offering lifestyle benefits like lounge access and insurance covers.

Key Features & Benefits

25% valueback on fuel purchases at IndianOil outlets
4 free airport lounge accesses annually
1% fuel surcharge waiver across all fuel stations
2X reward points on dining and grocery spends
Complimentary railway lounge access
Fuel expense tracking through monthly statements

Rewards Structure

Spend Category	Rewards
IndianOil Fuel	25% valueback (₹250/month cap)
Dining	4 EDGE Reward Points/₹100
Groceries	4 EDGE Reward Points/₹100
Other Spends	2 EDGE Reward Points/₹100

Fee Structure

Charge Type	Amount
Joining Fee	₹500 + GST
Annual Fee	₹500 + GST
Fuel Surcharge	1% waived (min ₹400, max ₹1,000 per month)
Cash Advance	2.5% of amount (min ₹500)

Eligibility Criteria

Age: 21-60 years
Minimum income: ₹25,000/month (salaried)
CIBIL Score: 750+ preferred
Existing Axis Bank customers preferred

Required Documents

PAN Card (mandatory)
Address Proof (Aadhaar/Passport/Utility Bill)
Income Proof (Salary slips/Bank statements)
Passport-size photographs

Application Process

Visit Axis Bank official credit cards page
Select IndianOil Premium Card
Fill online application form
Upload required documents
Complete video KYC verification

Apply Now

Maximizing Benefits

Use exclusively at IndianOil outlets for maximum savings
Pay mobile/DTH bills through Axis Bank rewards portal
Combine with IndianOil XTRAREWARDS Program
Avail weekend fuel discounts

Similar Credit Cards

Card Name	Key Feature
BPCL SBI Card Octane	7.25% valueback on fuel
HDFC IndianOil	5% cashback on fuel spends
ICICI HPCL Super Saver	4% fuel surcharge waiver

Official Links

Expert Review

Pros: Best-in-class fuel rewards, multiple lounge accesses, decent surcharge waiver
Cons: Limited to IndianOil outlets, lower rewards on non-fuel spends
Verdict: 4.3/5 - Ideal for users with monthly fuel expenditure above ₹5,000

Important Disclaimer

⚠️ Information provided here is for general guidance only. Terms & conditions apply as per issuer's policies. We are not affiliated with Axis Bank or IndianOil. Please verify details from official sources before applying. Credit card approvals are subject to bank's discretion.

Disclaimer & affiliate disclosure: This review is for informational purposes only. Credit card features, fees and offers can change. Always verify details on the official bank website and MITC before applying. Credit Card Path may earn a commission if you apply through links on this page at no extra cost to you. This does not change the price you pay. We are not a bank or RBI-regulated lender.

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