Axis Bank
Signature · IndianOil Premium
IndianOil Axis Bank Premium Credit Card
Axis Bank
6X miles on fuel, premium savings at IndianOil pumps
Annual Fee
₹1,000
Joining Fee
₹1,000
Reward Rate
0.5%
Forex Markup
3.5%
Value Analysis
Annual Net Value
₹23,820
Total Annual Benefits
₹25,000
Total Annual Charges
₹1,180
ROI
1019%
Card Analytics
Visual breakdown of value, benefits, and limits
Value Breakdown
Benefits Distribution
Transaction Limits
Card Scorecard
Charges Breakdown
Benefits & Perks
Fuel Benefits (2)
6X EDGE Miles on Fuel
Earn 6X EDGE miles on all fuel purchases at IndianOil outlets
- • Valid at IndianOil outlets only
6X miles
Fuel Surcharge Waiver
1% fuel surcharge waiver at IndianOil pumps
- • Valid at IndianOil pumps
- • Transactions ₹200–₹5,000
- • Max ₹500 per cycle
1% waiver
₹6,000/yr
Shopping Benefits (1)
2X EDGE Miles on Grocery
Earn 2X EDGE miles on all grocery and supermarket spends
- • Valid at grocery stores and supermarkets
2X miles
Reward Points (1)
1X EDGE Miles on Other Spends
Earn 1X EDGE miles on all other retail transactions
- • Applies to all non-fuel, non-grocery spends
1X miles
Airport Lounge Access (1)
Domestic Lounge Access
4 complimentary domestic airport lounge visits per quarter
- • Swipe card at participating lounges
- • Max 4 visits per quarter
4 visits/quarter
₹40,000/yr
Reward Program
Program
Axis EDGE Miles
1X–6X EDGE miles
Effective cashback: 0.50%
Points expire: 3 years from date of accrual
Redemption Options
- → Fuel at IndianOil outlets
- → Transfer to airline partners
- → Products & Gift Vouchers via Edge Rewards portal
- → Statement credit
Bonus Categories
Fuel at IndianOil
6x multiplier
6X EDGE miles
Grocery
2x multiplier
2X EDGE miles
Other
1x multiplier
1X EDGE miles
Fees & Charges
| Charge | Amount |
|---|---|
| Joining Fee | ₹1,000 Excluding GST at 18% |
| Annual Fee | ₹1,000 Excluding GST at 18% |
| Add-on Card Fee | Free Free |
Transaction Charges
- Forex Markup
- 3.5%
- Interest Rate (Monthly)
- 3.6%
- Late Payment Fee
- ₹1,000
- Cash Advance Fee
- 2.5%
ATM Charges
- Own Bank Withdrawal
- ₹250
- Other Bank Withdrawal
- ₹250
- Intl. Withdrawal Fee
- 2.5% + ₹250
Fuel Surcharge Waiver
1% waiver on transactions between ₹200 – ₹5,000. Max waiver: ₹500/cycle.
Eligibility
Requirements
- Min. Monthly Income
- ₹30,000
- Min. Annual Income
- ₹3,60,000
- Min. Credit Score
- 680
- Age Range
- 21 – 65 years
- Employment
- Salaried, Self-Employed
Notes
- • Salaried: Net Monthly Income > ₹30,000
- • Self-Employed: ITR > ₹3.6 Lakh p.a.
- • Age 21–65 years
- • Ideal for regular fuel buyers
Insurance Coverage
Accidental Death
₹50.0 L
Permanent Disability
₹50.0 L
Lost Card Liability
₹3.0 L
Report within 24h
- • Air accident cover: ₹50 Lakh
- • Lost card liability: ₹3 Lakh
- • Report loss within 24 hours for coverage
Airport Lounge Access
Domestic
4 visits/year
Per quarter
~₹2,500/visit
International
0 visits/year
Not available
Dreamfolks
- • 4 complimentary domestic lounge visits per quarter
- • Swipe card at participating lounges
Transaction Limits
ATM Withdrawal / Day
₹40,000
POS & E-Commerce / Day
₹3,00,000
Contactless / Txn
₹5,000
Features
Contactless payments EMV chip security International acceptance Add-on cards available EMI conversion facility Visa Signature privileges IndianOil co-branded fuel rewards Domestic lounge access
EMI Options
Min. Transaction
₹2,500
Interest / Month
1.5%
Tenure Options
3, 6, 9, 12 months
Processing Fee
1%
Ready to Apply?
The IndianOil Axis Bank Premium Credit Card is a Visa Signature tier co-branded fuel card offering 6X EDGE miles on fuel at IndianOil outlets, 2X on g...
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