AXIS BANK FUEL CREDIT CARD - BEST FOR FUEL PURCHASES UP TO ₹5000 PER MONTH

IndianOil Axis Bank Credit Card

IndianOil Axis Bank Credit Card - Our Money Guide Our Rating 3.75
Top Reasons to Choose
✔︎
5% reward on IndianOil fuel, on purchases up to ₹5,000 per month
Annual Fee

₹500

Minimum Income

Not specified

Annual Fee Offers
  • Welcome offer: 1250 EDGE Reward Points worth ₹250 (given on first fuel transaction within 30 days of card issuance)
  • Renewal offer: Renewal fee is waived, if you spend ₹3.50 lakhs or more in the previous year

5% reward on IndianOil fuel 

  • 4% reward: 20 reward points worth ₹4, per ₹100 spent. Valid only on fuel transactions between ₹400 and ₹4000. Monthly limit: 1000 reward points, reached at ₹5000 monthly spend
  • 1% fuel surcharge waiver, valid on fuel transactions between ₹400 and ₹4000. Monthly limit: ₹50, reached at ₹5000 monthly spend

1% reward on ‘online shopping‘

  • 5 reward points worth ₹1 per ₹100 spent. 
  • Valid on purchases between ₹100 and ₹5000 per month.

0.20% reward on other card purchases

  • 1 reward points worth ₹ 0.20, per ₹100 spent 
  • Important exclusions: No reward points on rent, wallet, insurance, gold/jewelry, utilities, government transactions.

Value of reward points (EDGE Reward Points)

  • Point value: 1 EDGE reward point = ₹0.20
  • Redemption: Axis Bank EDGE Rewards platform (vouchers, products, and more)

EazyDiner restaurants: 15% discount, up to ₹500 per month

  • 15% discount (up to ₹500), minimum order requirement of ₹2500
  • Valid 1 time per month
  • Restaurant bill need to be paid through the EazyDiner app (PayEazy)

Bookmyshow movie tickets: 10% discount, up to ₹100 per month

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Benefits

  • Attractive reward rate of 5% on fuel spends (4% on IndianOil fuel spends and 1% fuel surcharge waiver)

Drawbacks to consider

  • High annual card spend requirement of ₹3.50 lakhs to get annual fee waiver from 2nd year onwards
  • Accelerated fuel rewards are only available at IndianOil (IOCL outlets), so one needs to plan more in terms of going to particular fuel pumps to get fuel filled
  • Not ideal for high fuel spenders, those spending more than ₹ 5,000 per month

To read the full review of the card , please click here

Suitable Credit Card for fuel in India, for comparatively higher monthly fuel spends

IndianOil Axis Bank Premium Credit Card

IndianOil Axis Bank Premium Credit Card - Our Money Guide Our Rating 4.0
Top Reasons to Choose
✔︎
5% reward on IndianOil fuel, on purchases up to ₹15,000 per month
✔︎
Domestic airport lounge access - 2 times per quarter
✔︎
Zomato - 30% discount (up to ₹150), 2 times per month
Annual Fee

₹1000

Minimum Income

Not specified

Annual Fee Offers
  • Welcome offer: 500 EDGE Miles worth ₹500
  • Renewal offer: Annual fee waived at ₹1 lakh annual spend

5% reward on IndianOil fuel purchases 

  • 4% reward: 4 EDGE Miles worth ₹4, per ₹100 spent. Monthly limit: ₹15,000 spend per month
  • 1% unlimited fuel surcharge waiver at IndianOil outlets

1.3% reward on grocery & supermarket purchases 

  • 1.3 EDGE Miles worth ₹1.3, per ₹100 spent 

0.66% reward on other card spends

  • 0.66 EDGE Miles worth ₹0.66, per ₹100 spent

Value of reward points (EDGE Miles)

  • Value: 1 EDGE Mile = ₹1
  • Redemption: IndianOil fuel, flights, hotels

Domestic airport lounge access: 2 times per quarter (requires ₹50,000 quarterly spending in the previous quarter)

30% discount on Zomato 

  • 30% discount (up to ₹150), minimum ₹200 order
  • Valid 2 times per month
  • Effective range: 30% discount on orders between ₹200-₹500; flat ₹150 off on higher amounts

15% discount at EazyDiner restaurants 

  • 15% discount (up to ₹500), minimum ₹2500 order
  • Valid once per month 
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Benefits

  • High monthly spending limits to earn high fuel rewards (higher than most competitors)
  • Complimentary domestic airport lounge access
  • Good dining offers at EazyDiner restaurants and Zomato

Drawbacks to consider

  • Rewards on non-fuel spending are low; one would need to consider other cards to earn higher rewards on important spends like shopping and travel
  • High fuel rewards are restricted to IndianOil fuel stations, not suitable for consumers who don't have convenient access to IndianOil fuel pumps

To read the full review of the card , please click here
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Comparing Indian Oil - Axis Bank Credit Cards

Card Name Annual Fee Benefits

IndianOil Axis Bank Credit Card

Minimum Income

Not specified

 Annual Fee - ₹ 500
  • Welcome offer: 1250 EDGE Reward Points worth ₹250 (given on first fuel transaction within 30 days of card issuance)
  • Renewal offer: Renewal fee is waived, if you spend ₹3.50 lakhs or more in the previous year
Special Benefits
  • 5% reward on IndianOil fuel, on purchases up to ₹5,000 per month
  • 1% reward on 'online shopping', on purchases up to ₹5000 per month

IndianOil Axis Bank Premium Credit Card

Minimum Income

Not specified

 Annual Fee - ₹ 1000
  • Welcome offer: 500 EDGE Miles worth ₹500
  • Renewal offer: Annual fee waived at ₹1 lakh annual spend
 Special Benefits
  • 5% reward on IndianOil fuel, on purchases up to ₹15,000 per month
  • Domestic airport lounge access - 2 times per quarter
  • EazyDiner restaurants - 25% discount (up to ₹800), once per month
  • Zomato - 30% discount (up to ₹150), 2 times per month

Axis Fuel Credit Card Benefits

As we have seen, the main benefit of having an Axis fuel credit card is attractive savings on daily fuel expenses. 

As you can see, although the IndianOil Axis Bank Premium Credit Card has a higher annual fee charges, it provides superior fuel rewards and other lifestyle benefits like lounge access & dining discounts. It also has a lower yearly card spending requirement to get an annual fee waiver and is one of the best fuel credit cards in India.

You can choose a suitable card for yourself based on your individual requirements and preferences.

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