Axis
IndianOil Axis Rupay Credit Card
This is an invite only card
Apply and get ₹1400 Rewards
Top Benefits
Earn 6X EDGE Miles on every ₹150 Spent
at listed IndianOil outlets up to ₹15,000 per statement month, capped at 600 EDGE Miles at 1 EDGE Mile = ₹1
Get 500 EDGE Miles on First Transaction
within 30 days of card issuance, credited within T+12 days at 1 EDGE Mile = ₹1
Best For
Fuel
Shopping
Online Food Ordering
Grocery Shopping
Travel
The IndianOil Axis Bank Rupay Credit Card directly targets daily commuters and frequent drivers looking...
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The IndianOil Axis Bank Rupay Credit Card directly targets daily commuters and frequent drivers looking...
The IndianOil Axis Bank Rupay Credit Card directly targets daily commuters and frequent drivers looking to cut down their fuel expenses. With a solid 4 percent value back on fuel purchases at Indian Oil Corporation Limited (IOCL) outlets, this card puts real money back into your pocket every time you fill up your tank. Because it operates on the RuPay network, you can easily link it to your preferred UPI app and make quick, scan-and-pay transactions at your local grocery store or neighborhood vendor.
While many fuel cards stop at the pump, this one extends its utility by offering 1 percent value back on online shopping and dedicated discounts on platforms like MakeMyTrip, Swiggy, and BookMyShow. The rewards system is straightforward, converting your spending into EDGE REWARD points that you can redeem for vouchers, merchandise, or even directly against your purchases. If your monthly budget involves regular driving and a few online orders, this card serves as a highly practical financial tool to maximize your returns without overcomplicating your wallet.
View FAQ
Commonly Asked Questions
Is the IndianOil Axis Bank Rupay Credit Card lifetime free?
No, the card comes with a joining fee of Rs. 500 and an annual fee of Rs. 500. However, you can get the annual fee waived if you meet the yearly spending milestone.
Can I use this card for UPI payments?
Yes, because it is issued on the RuPay network, you can link this credit card to UPI applications to make quick scanner-based payments across millions of merchants in India.
Who is the ideal user for this credit card?
The ideal user is someone who spends up to Rs. 5,000 monthly on fuel at IOCL pumps and frequently shops online for everyday items, as these categories offer the highest reward returns.
Does this card offer complimentary airport lounge access?
No, this card does not offer any airport or railway lounge benefits. Upgrade to premium travel cards like the Axis Atlas or Magnus if you require travel lounge access.
Expert Review
The IndianOil Axis Bank Rupay Credit Card hits a solid home run for two specific reasons: the 4 percent value back on fuel at IOCL and the ability to link the card to UPI for everyday payments. Earning 20 points per Rs. 100 on petrol is fantastic for a card with just a Rs. 500 annual fee. Furthermore, having a 1 percent value back on online shopping alongside instant discounts on BookMyShow and Swiggy makes it much more versatile than your average, one-dimensional fuel card.
However, I cannot ignore the blatantly unreasonable annual fee waiver requirement. Asking an entry-level user to spend Rs. 3.5 lakh annually to waive a tiny Rs. 500 fee is mathematically absurd, especially when direct competitors like HDFC and SBI ask for merely Rs. 50,000 for identical waivers. Additionally, the Rs. 5,000 monthly cap on rewarding online spends limits how much value you can truly extract. Ultimately, if your primary goal is maximizing UPI convenience and saving about Rs. 250 a month on your IOCL petrol bills, this card is a winner. But if you hate paying annual fees, look toward the competition.
Joining / Annual Fee
Joining Fees
₹590 ( ₹500 + GST )
Annual Fees
₹590 ( ₹500 + GST )
The financial commitment for the IndianOil Axis Bank Rupay Credit Card is quite standard for the indust...
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The financial commitment for the IndianOil Axis Bank Rupay Credit Card is quite standard for the indust...
The financial commitment for the IndianOil Axis Bank Rupay Credit Card is quite standard for the industry. The card comes with a one-time joining fee of Rs. 500 plus applicable taxes. While there is no direct waiver or offset mechanism for the joining fee listed in the data, the welcome benefit of 1,250 points (worth Rs. 250) on your first fuel transaction does help cushion half of this initial cost.
From the second year onward, the bank charges an annual renewal fee of Rs. 500 plus taxes. However, the bank provides a clear path to get this fee completely waived. If you spend Rs. 3,50,000 or more in your card anniversary year, the annual fee is zeroed out. To hit this waiver, you need an average monthly spend of roughly Rs. 29,167. For a card with monthly reward caps of Rs. 5,000 on both fuel and online shopping, reaching a Rs. 3.5 lakh annual target requires you to route a significant portion of your non-rewarding general expenses through the card.
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The card charges a one-time joining fee of Rs. 500 plus applicable GST when your application is approved and the card is issued.
Can the joining fee be waived?
The joining fee is mandatory and cannot be waived, though the welcome bonus provides Rs. 250 in value to partly compensate for it.
What is the annual or renewal fee?
An annual fee of Rs. 500 plus taxes is charged from the second year of card membership onwards.
Is there an annual fee waiver option?
Yes, the annual fee is waived if you spend Rs. 3.5 lakh or more during your card anniversary year, as per bank policy.
How much do I need to spend monthly to hit the fee waiver target?
To reach the Rs. 3.5 lakh annual milestone, you need to spend an average of about Rs. 29,167 every month on the card.
Do fuel transactions count toward the fee waiver milestone?
All standard retail purchases, including fuel transactions, count toward the annual spending milestone for the fee waiver.
What happens if I only spend Rs. 3 lakh in a year?
Because you missed the Rs. 3.5 lakh threshold, the full annual fee of Rs. 500 plus applicable taxes will be billed to your statement on your renewal date.
Is the fee waiver calculated from January to December?
No, the spending milestone is calculated based on your card anniversary year, which spans 12 months from the date your card was issued.
Eligibility
Age
Criteria*
18-70 years
Salary
Criteria*
3LPA
Credit
Rating*
720+
New to credit
allowed
No
Existing Bank
Customer Allowed
Yes
Before applying for the IndianOil Axis Bank Rupay Credit Card, you need to ensure you meet the strict a...
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Before applying for the IndianOil Axis Bank Rupay Credit Card, you need to ensure you meet the strict a...
Before applying for the IndianOil Axis Bank Rupay Credit Card, you need to ensure you meet the strict age, income, and credit score requirements set by the bank. The primary cardholder must be between 18 and 70 years of age. The bank welcomes applications from both salaried employees and self-employed individuals, making it accessible to a wide variety of professionals.
For salaried applicants, the minimum required income is Rs. 30,000 per month, which equates to an annual salary of Rs. 3 lakh. For example, if you are a junior executive taking home Rs. 35,000 monthly, you easily clear this threshold. Self-employed individuals, such as freelance consultants or small business owners, must demonstrate a slightly higher minimum annual income of Rs. 3.5 lakh through their tax returns. Finally, a healthy credit history is vital; the bank requires a minimum CRIF score of 720 for both salaried and self-employed applicants to secure approval.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
The primary applicant must be at least 18 years old to be eligible for this credit card.
What is the maximum age limit for applicants?
The maximum age limit for applying is 70 years.
What is the minimum salary required for salaried individuals?
Salaried applicants need a minimum monthly income of Rs. 30,000, which means an annual income of Rs. 3 lakh.
What is the income requirement if I run my own business?
Self-employed applicants must show a minimum annual income of Rs. 3.5 lakh to meet the eligibility criteria.
Can a freelancer apply for this credit card?
Yes, the card accepts applications from both employment types. Freelancers fall under the self-employed category and need to show an annual income of Rs. 3.5 lakh.
What credit score do I need to get approved?
You need a minimum CRIF credit score of 720 to be considered eligible for the IndianOil Axis Bank Rupay Credit Card.
Will I be rejected if my CRIF score is exactly 720?
A score of 720 meets the minimum threshold. However, final approval depends on other factors like your existing debt, income stability, and the bank's internal policies.
Do I need an existing account with Axis Bank to apply?
No existing Axis Bank account is required to apply, provided you meet the minimum income and credit score criteria.
Are students eligible for this card?
Students who are 18 years old can apply if they meet the Rs. 3 lakh annual income requirement or opt for a secured card against a fixed deposit starting from Rs. 20,000.
All Card Benefits
- Earn 6 EDGE Miles per ₹150 on IndianOil fuel spends, capped at 600 EDGE Miles per statement month on spends up to ₹15,000
- 30% off on Zomato, up to ₹150 per order, on minimum order value of ₹200, valid 2 times per calendar month
- 2 complimentary domestic airport lounge visits per quarter
Welcome Benefits
When you get the IndianOil Axis Bank Rupay Credit Card, the bank rewards you immedi...
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Welcome Benefits When you get the IndianOil Axis Bank Rupay Credit Card, the bank rewards you immedi...
Welcome Benefits
When you get the IndianOil Axis Bank Rupay Credit Card, the bank rewards you immediately for using it at the pump. You can earn up to 1,250 EDGE REWARD points on the very first fuel transaction you make within the first 30 days of the card being issued. Since each point is valued at Rs. 0.20, a welcome bonus of 1,250 points translates to Rs. 250 in sheer value. For example, if you fill up your car with Rs. 1,000 worth of petrol on your second day of holding the card, those bonus points will be credited to your account, effectively giving you a 25 percent return on that initial top-up.
Fuel Benefits and Surcharge Waiver
The standout feature of this card is the 4 percent value back on fuel purchases exclusively at IOCL outlets across India. You earn this by getting 20 reward points for every Rs. 100 spent. To qualify, your fuel transaction must be between Rs. 400 and Rs. 4,000. The maximum eligible spending limit for this category is Rs. 5,000 per calendar month. For example, if you spend exactly Rs. 5,000 on fuel at an IOCL pump in a month, you will earn 1,000 reward points. Those points are worth Rs. 200.
Additionally, the card provides a 1 percent fuel surcharge waiver on transactions made between Rs. 400 and Rs. 4,000 at any fuel outlet in India. The maximum surcharge waiver is capped at Rs. 50 per statement cycle. So, combining the reward points and the surcharge waiver, a Rs. 5,000 monthly fuel budget at IOCL yields total savings of Rs. 250 every single month.
Online Shopping Benefits
This card makes online shopping rewarding by offering 1 percent value back. You earn 5 reward points for every Rs. 100 spent on eligible online merchants. This benefit applies to transactions ranging from Rs. 100 to Rs. 5,000. Just like the fuel category, there is a monthly cap; the maximum eligible spend is Rs. 5,000 per calendar month. For example, if you spend Rs. 4,000 on groceries through an online delivery app, you will earn 200 reward points. In cash terms, that gives you Rs. 40 in value back.
Movie and Entertainment Perks
If you enjoy going to the cinema, the IndianOil Axis Bank Rupay Credit Card helps you save on ticket bookings. You get an instant discount of up to 10 percent on movie tickets booked through the BookMyShow application or website. For example, if you book three tickets totaling Rs. 800, you will receive an instant reduction of Rs. 80 at checkout. This makes weekend outings just a little bit lighter on your wallet without requiring any complicated point redemption steps.
Dining and Wednesday Delights
Food lovers and frequent travelers get a nice set of perks. The card gives you access to the Axis Bank Dining Delights program, which offers special dining discounts at top partner restaurants across India. Furthermore, the bank has introduced specific "Wednesday Delight" offers to break up the work week. Every Wednesday, you can secure instant savings of up to 15 percent on flights and hotels via MakeMyTrip. You also get a 10 percent discount on Swiggy food orders and 10 percent off (up to Rs. 1,000) on beauty purchases through Tira.
Reward Points Structure
The core earning mechanism of the IndianOil Axis Bank Rupay Credit Card revolves around EDGE REWARD points. For all regular spending outside of the accelerated fuel and online categories, you earn 1 EDGE REWARD point for every Rs. 100 you spend. Because each point is valued at Rs. 0.20, this represents a base reward rate of 0.20 percent. For instance, if you spend Rs. 20,000 at a physical retail store for clothes and electronics, you will accumulate 200 reward points, which holds a redemption value of Rs. 40. While the base rate is relatively low, the card makes up for it through its high returns on fuel and the flexibility of RuPay UPI integration.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You need to complete your first fuel transaction within 30 days of card issuance. Additionally, the bank requires a minimum transaction of Rs. 100 within 30 days to activate the card and become eligible for rewards.
What is the maximum welcome benefit I can receive?
You can earn up to 1,250 EDGE REWARD points on your first eligible fuel transaction.
What is the rupee value of the welcome bonus?
Since each EDGE REWARD point is worth Rs. 0.20, the maximum welcome bonus of 1,250 points gives you an equivalent value of Rs. 250.
Will I get the welcome bonus if my first transaction is online shopping?
No, the welcome benefit is specifically tied to the first fuel transaction performed on the credit card within the 30-day window.
When will the welcome points reflect in my account?
Welcome points are credited to your EDGE REWARDS account within 30 days following the qualifying transaction.
How exactly do I earn the 4 percent value back on fuel?
You earn 20 EDGE REWARD points per Rs. 100 spent at IOCL outlets. With each point worth Rs. 0.20, 20 points equal Rs. 4, which is exactly a 4 percent return.
Is there a minimum amount I need to spend on fuel to get rewards?
Yes, your fuel transaction must be at least Rs. 400 to qualify for both the 4 percent value back and the 1 percent fuel surcharge waiver.
What is the maximum fuel spend eligible for rewards each month?
The maximum eligible fuel spend is capped at Rs. 5,000 per calendar month. Any fuel purchases beyond this amount will not earn the accelerated 20 points per Rs. 100.
Do I get the surcharge waiver at non-IOCL petrol pumps?
Yes, the 1 percent fuel surcharge waiver is valid at any fuel outlet in India, provided the transaction falls between Rs. 400 and Rs. 4,000.
What is the maximum surcharge waiver I can get in a month?
The maximum fuel surcharge waiver is limited to Rs. 50 per statement cycle, which covers up to Rs. 5,000 in fuel expenses.
How do I earn the 1 percent value back on online shopping?
You earn 5 EDGE REWARD points for every Rs. 100 spent online. Since 5 points multiplied by Rs. 0.20 equals Rs. 1, you get a direct 1 percent return on your purchase.
Are all online purchases eligible for these points?
Most retail online purchases are eligible, but transactions must be between Rs. 100 and Rs. 5,000. Specific exclusions like wallet loads, utilities, and education payments do not earn these points.
Is there a monthly limit to how much I can earn from online shopping?
Yes, the accelerated online rewards apply to a maximum spend of Rs. 5,000 per calendar month. After that, you earn the standard rate if applicable.
What happens if I buy an online item worth Rs. 8,000?
Any portion of the transaction exceeding the Rs. 5,000 limit earns reward points at the base rate of 1 point per Rs. 100 spent.
How much discount do I get on movie tickets?
You receive an instant discount of up to 10 percent when booking movie tickets via the BookMyShow app or website.
Do I earn reward points on the BookMyShow transaction as well?
Yes, the discounted amount paid through your credit card will earn the standard reward points as long as it does not fall under any excluded categories.
Is there a maximum cap on the BookMyShow discount?
The 10 percent discount is capped at a maximum savings of Rs. 100 per transaction.
Can I use this movie discount multiple times a month?
The movie discount offer is limited to one booking per calendar month.
What is the Axis Bank Dining Delights program?
It is a curated program that provides instant discounts or complementary offers at select partner restaurants across India when you pay the bill using your IndianOil Axis Bank Rupay Credit Card.
What travel discounts are available on Wednesdays?
Under the Wednesday Delight offer, you can get up to 15 percent instant savings on flight and hotel bookings made through the MakeMyTrip platform.
How much can I save on Swiggy with this card?
You get a straight 10 percent discount on your Swiggy orders every Wednesday, helping you save on mid-week food deliveries.
What is the maximum discount I can get on Tira?
The Wednesday Delight offer provides a 10 percent discount on Tira purchases, capped at a maximum savings of Rs. 1,000 per transaction.
What is the standard reward rate on this card?
You earn 1 EDGE REWARD point for every Rs. 100 spent on general retail purchases, resulting in a base reward rate of 0.20 percent.
What is the exact value of 1 EDGE REWARD point?
Each EDGE REWARD point earned on this card holds a monetary value of Rs. 0.20 when redeemed through the bank's designated channels.
Do I earn points when paying rent?
No, rent payments are strictly excluded from earning any reward points according to the card's terms.
Do utility bills like electricity and water earn points?
No, utility and telecom spends are excluded from the EDGE REWARDS earning program.
Will I get points if I use the card to pay my child's school fees?
No, all education-related spends are excluded from earning reward points on this card.
Do I earn rewards when I load money into a digital wallet?
No, wallet loads do not qualify for reward points and are part of the excluded transaction categories.
Are gold or jewelry purchases eligible for standard rewards?
No, jewelry purchases have been specifically excluded from earning any EDGE REWARDS points.
If I pay an insurance premium, will I get the base reward points?
No, insurance payments are excluded from the rewards program and will not accumulate any points.
Can I earn points on government-related transactions?
No, payments made to government institutions or for government-related services are completely excluded from reward points.
Are there bonus points for reaching annual spending milestones?
There are no bonus reward points for hitting spending milestones; the primary benefit for reaching Rs. 3,50,000 is the annual fee waiver.
What happens to my points if I just withdraw cash from an ATM?
Cash advances never earn reward points. Moreover, you will be hit with a steep 2.5 percent fee on the withdrawn amount.
Milestone Benefits
500 reward points(Worth ~ ₹500)
Spend ₹30,000 in 365 days
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Edge Reward =₹0.20
Redemption Options
- Online merchandise/vouchers
- part point–part cash shopping
- offline phone redemption
- loyalty transfer
To check redemption catalogue
Turning your accumulated points into real value is a straightforward process managed entirely through t...
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Turning your accumulated points into real value is a straightforward process managed entirely through t...
Turning your accumulated points into real value is a straightforward process managed entirely through the bank's rewards ecosystem. You can access the redemption portal directly at https://edgerewards.axisbank.co.in/lms/. Once logged in, you will find multiple avenues to use your points. The most popular option is exchanging them for online merchandise or branded gift vouchers. If you don't have enough points for a specific item, the portal offers a "part point–part cash shopping" feature, allowing you to pay the difference with your credit card.
The bank also offers offline phone redemption, SMS redemption for specific transactions, and loyalty transfer options if you wish to convert your points to partner programs. It is crucial to remember the math: 1 EDGE REWARD equals Rs. 0.20. So, if you have accumulated 10,000 points from a year of fuel and online shopping, your redemption value is exactly Rs. 2,000. However, be mindful that the bank applies a reward redemption handling fee of Rs. 99 plus applicable GST every time you make a redemption request, slightly reducing the net value of your rewards.
View FAQ
Commonly Asked Questions
What is the website to redeem my EDGE REWARDS?
You can redeem your accumulated points by logging into the official portal at https://edgerewards.axisbank.co.in/lms/.
What are the different ways I can redeem my points?
You can choose from online merchandise/vouchers, part point-part cash shopping, offline phone redemption, SMS redemption for transactions, or loyalty transfers.
If an item costs Rs. 1,000, how many points do I need?
Since 1 point is worth Rs. 0.20, you would need exactly 5,000 EDGE REWARD points to purchase a Rs. 1,000 item.
Is there a fee for redeeming my reward points?
Yes, the bank charges a reward redemption handling fee of Rs. 99 plus applicable GST for every single redemption request you submit.
What does "part point-part cash shopping" mean?
If you want a voucher worth Rs. 500 but only have Rs. 300 worth of points, you can use all your points and pay the remaining Rs. 200 directly using your credit card.
Can I convert my points directly into statement cash?
Direct conversion to statement cash is not available; you must redeem points for vouchers, merchandise, or specific transactions via SMS redemption.
How long does it take to receive a voucher after redemption?
Digital e-vouchers are delivered to your registered email address within 24 to 48 hours of your redemption request.
Do my EDGE REWARD points expire?
EDGE REWARD points on this card remain valid for 3 years from the date they are earned.
Gift card - Key Terms
Once you apply, we will start tracking your application
Generally takes 2-72 hrs
Once the bank confirms us of your successful card activation, we will process your rewards
Generally takes 7-75 days
You can then withdraw your rewards via Amazon Pay Balance/Flipkart gift cards
Generally takes 7-75 days
Note: If you currently hold or have ever held an Axis Credit Card, you are not eligible for CashKaro Rewards.
Rewards Related
- If you currently hold or have ever held an Axis Credit Card, you are not eligible for Gift Card
- A minimum transaction of Rs.100 within 30 days is mandatory to activate your card; otherwise, you wont be eligible for the Rewards
- Please use Aadhaar linked mobile number to fill the application
- If the distance between your residence and office addresses is 150 km or more, please ensure that your residence is selected as the mailing address. Applications not adhering to this will be rejected
- VKYC done over 50km from your Aadhaar/communication address will result in application rejection and loss of Rewards
Also, Remember
- Resume your application only via Great.Cards to avoid losing Rewards
- If your Rewards do not track, raise a Missing Rewards Ticket within 30 Days from the application date
- Rewards can only be redeemed as Amazon Pay Balance and Flipkart Gift Card
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Utility & Telecom
Education Spends
Rent
Wallet Loads
Government-related Transactions
Insurance Payments
Jewellery Purchases
Financial Institutions
Cash Advances
Repayments
For Spends Waiver
Utility & Telecom
Education Spends
Rent
Wallet Loads
Government-related Transactions
Insurance Payments
Jewellery Purchases
Financial Institutions
Cash Advances
Repayments
Not every swipe of your card is going to earn you points. Axis Bank has established a rigid list of cat...
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Not every swipe of your card is going to earn you points. Axis Bank has established a rigid list of cat...
Not every swipe of your card is going to earn you points. Axis Bank has established a rigid list of categories that are completely excluded from the EDGE REWARDS program. You will earn zero points on payments made toward Utility and Telecom bills, Education Spends, Rent, Wallet Loads, Government-related Transactions, Insurance Payments, Jewellery Purchases, Financial Institutions, Cash Advances, and Repayments.
The real-world impact of these exclusions is substantial. For example, if you use this card to pay a Rs. 25,000 annual life insurance premium, expecting to earn 250 points, you will get nothing. If you load Rs. 5,000 into a digital wallet to pay your maid, that transaction yields zero rewards. Similarly, routing a Rs. 15,000 house rent payment through this card won't just earn zero points; it will actually cost you extra money because rent payments attract a separate surcharge fee of Rs. 199 plus GST. It is vital to use UPI or bank transfers for these excluded categories and save this credit card strictly for fuel, dining, online shopping, and standard retail purchases.
View FAQ
Commonly Asked Questions
Will I earn points if I pay my electricity and mobile bills?
No, all utility and telecom spends are strictly excluded and will not earn any EDGE REWARD points.
Does paying rent with this card earn reward points?
No, rent payments are excluded from the rewards program. Furthermore, you will be charged an extra Rs. 199 plus GST just for making a rent transaction.
Can I earn rewards by loading my digital wallet?
No, wallet loads are an excluded category. Adding Rs. 10,000 to an app like Paytm or Amazon Pay using this card yields zero points.
Are education fees excluded from rewards?
Yes, payments made for school, college, or other educational services do not qualify for any reward points.
If I buy a gold chain at a jewelry store, do I earn points?
No, jewelry purchases are explicitly listed as an excluded category and will not generate any value back.
Do tax payments or government fees earn rewards?
No, all government-related transactions are excluded from the EDGE REWARDS program.
What happens if I use the card to repay another loan?
Repayments and transactions at financial institutions are completely excluded from earning points.
Will a transaction in an excluded category count toward the annual fee waiver?
Wallet loads, rent payments, and cash withdrawals do not count toward the Rs. 3.5 lakh spending milestone for the annual fee waiver.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 3.50% |
APR Fees 3.75% monthly fee. Credit cards allow you for a interest free payment period of 20-55 days. However, if you fail to make payment for your statement in due time then bank starts charging interest. A simple way to avoid heavy interest rates over long time is to convert your large spends in EMIs. Normally bank charges 16% p.a interest on EMIs however if you fail to pay in time then annual interest can reach upto 45%
| 3.75% |
ATM withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable). | 2.50% |
Reward Redemption Fees A reward redemption handling fee of ₹99 plus applicable GST is charged per redemption request. | ₹99 |
Link for all T&Cs | Click Here |
Railway Surcharge A railway booking surcharge of 1.80% for online transactions and 2.50% for other bookings is applied, with additional bank charges and taxes recovered at actuals. | 1.80% |
Rent Payment Fees 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges | 1% |
cheque Payment Fees A fee of 2% of the payment amount is levied for cheque return | 2% |
Cash Payment Fees ₹175 cash payment fee per deposit. | ₹175 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 – ₹500 | ₹0 |
| ₹501 – ₹5,000 | ₹500 |
| ₹5,001 – ₹10,000 | ₹750 |
| Over ₹10,000 | ₹1,200 |
Understanding the complete fee structure of the IndianOil Axis Bank Rupay Credit Card is essential to e...
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Understanding the complete fee structure of the IndianOil Axis Bank Rupay Credit Card is essential to e...
Understanding the complete fee structure of the IndianOil Axis Bank Rupay Credit Card is essential to ensure you don't accidentally wipe out the rewards you earn. From late penalties to simple redemption costs, the bank imposes standard industry charges that require careful attention.
The card begins with a joining fee of Rs. 500 plus applicable taxes. There is no waiver for this initial setup cost, though the welcome bonus of 1,250 points on your first fuel transaction provides Rs. 250 in value to soften the blow.
Every year after your first, you are charged an annual or renewal fee of Rs. 500 plus taxes. You can get this fee entirely waived if you spend Rs. 3.5 lakh or more during your card anniversary year. For instance, if you average Rs. 30,000 a month on card purchases, your yearly total will be Rs. 3.6 lakh, triggering the automatic fee waiver.
If you fail to pay your entire statement balance by the due date, an APR or interest rate of 3.50 percent per month (which equals a massive 42 percent per annum) kicks in. For example, if you carry over a balance of Rs. 10,000 for one month, you will be hit with an interest charge of approximately Rs. 350, plus taxes, completely nullifying any cashback you earned.
Missing your payment entirely results in steep late payment charges based on your outstanding balance. If your due amount is between Rs. 1,001 and Rs. 10,000, you will face a Rs. 750 penalty. For an outstanding balance of Rs. 3,000, that Rs. 750 fee equates to a punishing 25 percent immediate charge.
When traveling abroad or buying from international websites, you will incur a foreign transaction or forex markup fee of 3.5 percent. If you book a hotel room online for USD 100, and the exchange rate is Rs. 83 per dollar (Rs. 8,300), the bank will add a 3.5 percent markup, costing you an extra Rs. 290.50 just in fees.
Using this card to get cash from a machine incurs an ATM cash withdrawal fee of 2.5 percent of the withdrawn amount, subject to a strict minimum of Rs. 500. If you withdraw Rs. 10,000 in an emergency, 2.5 percent is Rs. 250, but because of the minimum rule, you will be forced to pay Rs. 500 plus taxes.
Paying your landlord through the card triggers a rent payment convenience fee of Rs. 199 plus GST. This flat surcharge, combined with the fact that rent earns zero reward points, means processing a Rs. 15,000 rent payment will simply cost you over Rs. 230 out of pocket with no benefit.
For train travel, a railway surcharge of 1.80 percent is applied to online bookings, while other booking methods incur a 2.50 percent surcharge. If you buy an online train ticket worth Rs. 2,000, expect an additional fee of Rs. 36 added to your final bill.
The bank charges a cash payment fee of Rs. 250 plus applicable taxes if you walk into an Axis branch to pay your credit card bill in cash. However, no fee is applicable for cash payments made at Karur Vysya Bank branches, offering a free physical payment alternative.
If you drop a physical check to clear your dues, a cheque payment fee of Rs. 200 is charged to your account. It is always safer and cheaper to use NEFT or the bank app to pay your bills.
Finally, whenever you decide to cash in your hard-earned points, a reward redemption fee of Rs. 99 plus applicable GST is charged. If you redeem points worth Rs. 200, half of your value is immediately eaten by this Rs. 99 handling fee.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 500 + GST |
| Annual Fee | Rs. 500 + GST (Waived on Rs. 3.5 lakh spend) |
| Interest Rate (APR) | 3.50% per month (42% per annum) |
| Forex Markup | 3.50% |
| ATM Cash Withdrawal | 2.5% (Minimum Rs. 500) |
| Reward Redemption Fee | Rs. 99 + GST |
| Rent Payment Fee | Rs. 199 + GST |
| Railway Booking Surcharge | 1.80% online / 2.50% other |
| Cash Payment Fee | Rs. 250 (Free at Karur Vysya Bank) |
| Cheque Payment Fee | Rs. 200 |
| Late Payment Charges | Up to Rs. 1,300 depending on balance |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The card has a one-time setup cost of Rs. 500 plus applicable taxes. This fee is mandatory for all new applicants.
What is the annual or renewal fee?
From the second year, the bank charges a renewal fee of Rs. 500 plus taxes to keep the card active.
Is there an annual fee waiver based on spending?
Yes, the annual fee is waived if you spend Rs. 3.5 lakh or more in a year on your card, as per bank policy.
How can I get this card lifetime free?
This card is not currently offered in a lifetime free variant; you must pay the annual fee unless you hit the spending milestone.
What is the interest rate (APR) if I don't pay my full balance?
Unpaid balances attract a finance charge of 3.50 percent per month, which totals 42 percent per year.
How is the interest calculated on outstanding balances?
Finance charges of 3.50 percent per month apply to your unpaid outstanding balances from the date of purchase until the amount is fully repaid.
What are the late payment charges?
Late fees are structured in slabs: Rs. 0 for balances up to Rs. 500, Rs. 400 for up to Rs. 1,000, Rs. 750 for up to Rs. 10,000, Rs. 950 for up to Rs. 25,000, Rs. 1,100 for up to Rs. 50,000, and Rs. 1,300 for higher amounts.
Is the late payment fee different based on outstanding amount?
Yes, the penalty aggressively scales up. A missed payment on a Rs. 12,000 balance incurs a Rs. 950 fee, while a missed payment on Rs. 800 incurs a Rs. 400 fee.
What is the forex markup for international transactions?
A 3.50 percent forex markup is charged on transactions made in currencies other than INR. For example, spending Rs. 10,000 abroad will cost you Rs. 350 in fees.
Can I withdraw cash using my credit card?
Yes, but you will be charged a 2.5 percent fee on the withdrawn amount, with a minimum charge of Rs. 500.
What are the cash withdrawal charges and limits?
A 2.5 percent fee is charged on cash advances, with a minimum penalty of Rs. 500. Cash withdrawals are limited to a specific percentage of your credit limit.
Are there fees for paying rent with this card?
Yes, a flat surcharge fee of Rs. 199 plus GST applies to all rental transactions made using this credit card.
Is there a fee for paying my bill in cash?
Yes, a cash payment fee of Rs. 250 plus applicable taxes is charged at bank branches, though it is free at Karur Vysya Bank branches.
What are the charges for cheque payment of bills?
A cheque payment fee of Rs. 200 is charged if you choose to pay your credit card bill via a physical cheque.
Is there a fee to redeem my reward points?
Yes, a reward redemption handling fee of Rs. 99 plus applicable GST is charged every single time you submit a redemption request.
Who Should Get This Card?
This credit card is perfectly tailored for the daily commuter who routinely fuels up at IndianOil petrol pumps and spends roughly Rs. 3,000 to Rs. 5,000 a month on petrol or diesel. Because of the RuPay integration, it is also a fantastic fit for individuals who prefer scanning merchant QR codes for quick UPI payments rather than carrying cash. The additional perks for online shopping and Swiggy orders make it a great first card for young professionals who want versatile, everyday rewards.
Conversely, if you prefer air travel, desire airport lounge access, or spend heavily on categories like rent and insurance, this card is not for you. High spenders who can easily cross the Rs. 3.5 lakh mark annually would be far better off applying for a premium rewards card that offers stronger base returns and travel perks, rather than an entry-level fuel card.
Credit Limit and What to Expect
Your credit limit is assigned by the bank based on your financial health, typically ranging from Rs. 20,000 to Rs. 1,50,000 for this card category. When reviewing your application, Axis Bank looks closely at your stated monthly income, your CRIF score (which must be 720 or higher), and your existing debt obligations. For example, if you earn Rs. 50,000 a month but have a high existing car loan EMI, your starting credit limit might be conservative. Conversely, an applicant with the same salary but zero debt could receive a much higher limit. Over time, demonstrating responsible usage and paying your bills in full can lead to limit enhancement offers from the bank.
View FAQ
Commonly Asked Questions
What credit limit will I get with a Rs. 30,000 salary?
Credit limits for a Rs. 30,000 salary typically fall between Rs. 25,000 and Rs. 50,000, depending on your credit history and existing liabilities.
Can I request a higher credit limit later?
Yes, after 6 to 12 months of consistent card usage and timely bill payments, you can apply for a limit increase by submitting updated income documents.
Does the Rs. 5,000 fuel reward cap increase if I get a higher limit?
No, the maximum eligible fuel spend of Rs. 5,000 per month for rewards remains fixed regardless of how high your total credit limit is.
Can I use my entire credit limit in one day?
Yes, you can utilize your full available limit, but doing so regularly may negatively impact your credit utilization ratio and temporarily drop your credit score.
Is the UPI payment limit the same as my credit card limit?
UPI transactions on this credit card follow standard NPCI limits of up to Rs. 1 lakh per day, capped by your total available credit limit.
What happens if I spend more than my credit limit?
Transactions exceeding your limit may be declined, or the bank may approve them while charging an over-limit penalty fee of 2.5% of the over-limit amount (minimum Rs. 500).
How to Apply?
Applying for the IndianOil Axis Bank Rupay Credit Card is a fully digital process. You can start the application on the official Axis Bank website or via partner platforms by entering your basic details like PAN, mobile number, and employment information. After submitting your details, you will be prompted to complete a Video KYC (VKYC) session. During this brief video call with a bank agent, you will need to display your original PAN card and a blank piece of paper to provide a live signature. Ensure you are in a well-lit room with a stable internet connection. Once the VKYC is successfully completed, the bank verifies your credit profile and income before dispatching the physical card to your registered address.
View FAQ
Commonly Asked Questions
Where can I apply for this credit card?
You can apply online through the Axis Bank website, their mobile app, or through verified financial partner platforms.
What is Video KYC?
Video KYC is a digital verification process where a bank representative verifies your identity over a secure video call, eliminating the need for physical paperwork or branch visits.
What do I need for a successful Video KYC call?
You need your original PAN card, a blank sheet of paper with a blue or black pen for a live signature, good lighting, and a strong internet connection.
How long does the approval process take?
Digital applications with successful Video KYC sessions are processed and approved within 7 to 10 working days.
Can I track my application status?
Yes, after applying, you will receive an Application Reference Number which you can use on the bank's website to check the live status of your application.
Do I have to visit the bank branch at any point?
If your Video KYC is completed successfully, you do not need to visit a branch. The entire application process is handled online.
That’s the full story of this credit card
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Top Benefits
Apply and get ₹1400 Rewards
Top Benefits
Earn 6X EDGE Miles on every ₹150 Spent
at listed IndianOil outlets up to ₹15,000 per statement month, capped at 600 EDGE Miles at 1 EDGE Mile = ₹1
Get 500 EDGE Miles on First Transaction
within 30 days of card issuance, credited within T+12 days at 1 EDGE Mile = ₹1
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