IndianOil Axis Bank Premium Credit Card

Gaurav

The IndianOil Axis Premium Credit Card is a fuel-focused card launched by Axis Bank in partnership with IndianOil. It’s designed for people who frequently spend on fuel and other daily expenses. This card offers better benefits compared to its less premium version, the IndianOil Axis RuPay Credit Card.

Cardholders earn 6X EDGE Miles on fuel at IndianOil outlets, 2X on groceries up to ₹5,000 per month, and 1X on other expenses. The ₹1,000 joining fee can be waived by spending ₹30,000 annually. Additional perks include two free domestic lounge visits per quarter if you spend ₹50,000 in the previous three months, plus food delivery discounts on Zomato.

While the rewards are attractive, there can be issues if some IndianOil stations aren’t recognized properly, which may affect rewards. Still, since it’s currently a lifetime-free card, trying it out comes with no risk and could be worth it for frequent fuel spenders.

Credit Card Detail
IndianOil Axis Bank Premium Credit Card
Joining Fee
Rs. 1000.00 +GST
Renewal Fee
Rs. 1000.00 +GST
Best Suited For
Shopping | Fuel
Reward Type
Reward Points
Welcome Benefits
Get 500 EDGE Miles when you make your first transaction within 30 days of getting the card.
Apply Now
Rewards Rate
Earn 6X EDGE Miles per ₹150 spent at IndianOil outlets, 2X on grocery purchases, and 1X on all other eligible expenses.
Reward Redemption
You can use EDGE Miles for fuel, where 1 EDGE Mile equals ₹1. They can also be converted to partner points at a 1:1 rate.
Movie & Dining
Get 30% off instantly on Zomato and 25% off on dining through EazyDiner.
Travel
N/A
Golf
N/A
Domestic Lounge Access
Enjoy 2 free lounge visits every quarter.
International Lounge Access
N/A
Insurance Benefits
N/A
Interest Rates
3.6% interest per month (52.86% per year).
Spend-Based Waiver
Get your annual fee waived by spending ₹1 lakh or more in a year.
Rewards Redemption Fee
N/A
Cash Advance Charges
2.5% charge, with at least ₹500.
Foreign Currency Markup
3.50% +GST
Fuel Surcharge
Save 1% on fuel transactions.
Card Details
  • Get 500 EDGE Miles when you make your first transaction within 30 days of getting the card.
  • Earn 6X EDGE Miles for every ₹150 spent at IndianOil fuel stations, up to ₹15,000 per month.
  • Get 2X EDGE Miles for every ₹150 spent on groceries and supermarket shopping, with a maximum spend limit of ₹5,000 per month.
  • Earn 1 EDGE Mile for every ₹150 spent on other eligible purchases.
  • Enjoy a 1% waiver on fuel surcharges at IndianOil outlets. (Note: GST on the surcharge isn’t refunded.)
  • Spend ₹1 lakh in a year to get your annual fee waived.
  • Save 30% on food orders above ₹200 using the code AXISIOCL. You can use this twice a month, and the discount is capped at ₹150 per order.
  • Enjoy two free visits to select domestic airport lounges every quarter.
  • Get 25% off dining through EazyDiner, up to ₹800 per order, twice a month.
Pros/Cons
Pros
- Although primarily focused on fuel, this credit card also provides additional perks like complimentary airport lounge access and food discounts.
Cons
- Free lounge visits are only available if you spend ₹50,000 in the past three months.
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Frequently Asked Questions

Is this card lifetime free?

No, it’s not. But you can skip the ₹1,000 + GST annual fee if you spend ₹1 lakh in a year.

Are there any welcome benefits?

Yes, you get 500 EDGE Miles if you make your first transaction within 30 days of getting the card.

Who can apply for this card?

Indian residents aged between 18 and 70 with a good credit score can apply.

What documents are needed to apply?

You’ll need a PAN card or Form 60, income proof, and residence proof.

Can I use EDGE Miles for partner points?

Yes, you can convert them to partner points for brands like Air France-KLM, Qatar Airways, Marriott, and more in a 2:1 ratio.

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