RuPay 📡 Contactless NFC

IndianOil Axis Bank RuPay Credit Card

Joining Fee₹500

Annual Fee₹500

Forex Markup 3.5%

Apply & Earn ₹500 →

⚖️ Card Verdict & Target Persona

Who Should Apply

Commuters and drivers fueling regularly at IndianOil (IOCL) petrol pumps seeking 4% fuel savings and RuPay UPI scan-and-pay support.

Who Should Avoid

Motorists fueling at HPCL or BPCL stations or those seeking airport lounge access.

🎁 Key Features & Highlights

✨

Exclusive Platform Reward

LTFCards Bonus

Claim an Amazon Gift Voucher worth up to ₹500 directly upon successful card approval.

Claim ₹500 & Apply →

🎉

Joining & Activation Welcome Gift

100% cashback up to ₹250 on first fuel transaction at IOCL outlets within 30 days of card setup

4% Valueback on Fuel at IndianOil

Earn 20 EDGE Reward Points per ₹100 (4% valueback) on fuel spends at IndianOil petrol pumps (on spends between ₹400 and ₹4,000).

1% Valueback on Online Shopping

Earn 5 EDGE Reward Points per ₹100 (1% valueback) on online shopping transactions.

₹250 Welcome Fuel Cashback

100% cashback up to ₹250 on first fuel transaction at IOCL outlets within 30 days of card setup.

💰 Reward Structure & Point Valuation

1 EDGE Reward Points = ₹0.2

Standard Base Earning

1 EDGE Reward Point per ₹100 spent on regular retail (0.20% return)

Accelerated / Partner Rate

20 EDGE Reward Points per ₹100 (4.0% valueback) at IndianOil (IOCL) petrol pumps on spends between ₹400 and ₹4,000 (capped at ₹5,000 fuel spend/month); 5 EDGE Points per ₹100 on Online Shopping (capped at ₹5,000 spend/month)

Points Validity:36 Months

Redemption Fee: ₹99 + GST / cycle

Redemption Modes: IOCL Fuel Vouchers via Axis EDGE Rewards, Axis EDGE Rewards Portal (Brand Vouchers & Electronics), Air Miles Transfer Partners

🚫 No Reward Points / Cashback on:

Non-IOCL Fuel Wallet Loads Rent Payments Government Transactions Jewellery Cash Advances EMI

🛋️ Airport Lounge Access & Spend Criteria

✗ No Free Lounge Access

🛫

Domestic Lounge VisitsNone

🌐

International Lounge VisitsNone

⚠️

Spend Criteria: None

⚡ Spend Milestones & Special Perks

Annual Fee Waiver ₹50,000/yr

Annual renewal fee of ₹500 is waived off on spending ₹50,000 or more in the previous anniversary year

UPI Payments Support✓ Supported (RuPay)

1 EDGE Reward Point per ₹100 on eligible merchant RuPay UPI QR transactions

Fuel Surcharge Waiver1% Surcharge Waived

1% fuel surcharge waiver for transactions between ₹400 and ₹4,000 at IOCL petrol pumps (Capped at ₹50/mo)

📋 Eligibility Criteria

✓ Official Criteria

Age Limit18 - 70 Years

Min. Monthly Income₹30,000

Min. Credit Score720 CRIF

Employment TypeSalaried / Self-Employed

📊 Interest Rates & Charges

Finance Charges (Interest Rate / APR):3.60% per month (52.86% per annum)

Late Payment Penalties:Late payment charges slab-based up to ₹1,200

Official Bank Portal Application

Get the IndianOil Axis Bank RuPay Credit Card

Annual Fee: ₹500/yr (Waivable)

Apply & Claim ₹500 →

Personalized Card Matcher

Still Confused About Your Best Match?

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Frequently Asked Questions

No, IndianOil Axis Bank RuPay Credit Card has a joining fee of ₹500 and an annual renewal fee of ₹500 (plus applicable taxes).

IndianOil Axis Bank RuPay Credit Card ₹500/yr