Axis Bank Indian Oil Credit Card Review 2026: Fees, Rewards & Benefits
Get 4% value-back on fuel and 1% on online shopping with the Axis Bank Indian Oil Credit Card. Check fees, eligibility, and reward capping in our 2026 review.
The Axis Bank Indian Oil Credit Card is a solid entry-level choice for fuel savings, particularly for those loyal to IndianOil. While the reward capping and high fee waiver threshold are drawbacks, the RuPay variant adds utility for UPI transactions.
Fuel your journeys with accelerated rewards and savings.
The Bottom Line
The Axis Bank Indian Oil Credit Card is a solid entry-level choice for fuel savings, particularly for those loyal to IndianOil. While the reward capping and high fee waiver threshold are drawbacks, the RuPay variant adds utility for UPI transactions. With a ₹500 annual fee that is waived on ₹3,50,000 yearly spend, it offers 0% rewards on fuel (iocl) and fuel surcharge waiver. For anyone researching axis bank indian oil credit card, the verdict is simple: recommended.
It earns a base reward rate of 0.2% and stacks best when your spending lines up with daily-commuter. The renewal fee gets easier to justify once you can hit ₹3,50,000 in yearly spend.
Who Should Get This Card
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Best fit for
IdealStrong value-back on fuel at IndianOil outlets makes it ideal for those with high monthly petrol/diesel spends.
Probably not for
SkipLacks lounge access and travel-specific perks like air miles or hotel status.
Is It Worth It For You?
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Reward Rates
Axis Bank Indian Oil Credit Card offers 0.2% basic reward rate.
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Fees & Charges
Eligibility
- Min Income: ₹2.4 Lakhs
- Min Credit Score: 700
- Primary cardholder must be between 18 and 70 years of age. Minimum monthly income of ₹20,000 for salaried individuals.
Exclusions & Terms
Rent
Wallet Load
Insurance
Gold/Jewelry
Utilities
Government Spends
EMI Transactions
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Frequently Asked Questions
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