- Joining fee
₹1,000 + GST
- Annual fee
₹1,000 + GST
- Best suited for
Fuel
- Reward type
Reward Points
Rewards
- Rewards rate
6X EDGE Miles/₹150 at IndianOil Outlets. 2X EDGE Miles/₹150 on Grocery Spends. 1X EDGE Miles on All Other Eligible Spends
- Welcome benefits
500 EDGE Miles on the First Transaction Within 30 Days of Card Issuance
- Reward redemption
EDGE Miles Can Be Redeemed for Fuel (1 EDGE Mile = ₹1). These Can Also Be Converted to Partner Points (1:1)
Benefits
- Movie & dining
30% Instant Discount on Zomato
- Domestic lounge
2 Free Lounge Visits Each Quarter
Fees & charges
- Spend-based waiver
Annual Fee Waiver on Spends of ₹1 Lakh or More
- Foreign currency markup
3.5%
- Interest rates
3.75% Monthly (55.55% Annually)
- Fuel surcharge waiver
1% Waiver on Fuel Transactions
- Cash advance charges
2.5% (Minimum ₹500)
Product highlights
- The IndianOil Axis Premium Credit Card is most suited for fuel expenses.
- This card offers spend-based airport lounge access.
- You can avail of a 30% discount on food orders with Zomato.
- Apart from fuel, this card also offers accelerated 2X EDGE Miles for grocery spends.
Pros & cons
Pros
- Even though this credit card is fuel-based, it offers numerous other benefits, such as free airport lounge access and discounts on food.
Cons
- Although this card offers free airport lounge visits, it is bound by spend-based criteria. Those unable to spend ₹50,000 in the previous three months will not be eligible for complimentary airport lounge visits.
FAQs
Is the IndianOil Axis Bank Premium Credit Card lifetime free?
No, the IndianOil Axis Premium Credit Card is not a lifetime-free card. But, the annual charges for this card from the second year can be waived by spending ₹1 lakh on a card anniversary year.
Do I get any welcome benefit with this card?
Yes, you get 500 EDGE Miles on making the first transaction within 30 days of card issuance.
To which partners can I convert my EDGE Miles?
You can convert your EDGE Miles earned with the IndianOil Axis Premium Credit Card to Air France-KLM, Ethiopian Airlines, Etihad Airways, IHGR Hotels & Resorts, Qatar Airways, Singapore Airlines, Turkish Airlines, United Airlines, Marriott International, Vistara, ITC, SpiceJet, and AirAsia in a 2:1 ratio. These are some of the most popular Axis Bank partners.
Are all transactions made with this card valid for the annual fee waiver calculation?
No, transactions made for rent, wallet, and insurance payments will not count towards the spend threshold for the annual fee waiver.