The Axis Indian Oil RuPay Credit Card is designed for people who regularly spend on fuel at IndianOil outlets. The card offers accelerated EDGE Reward Points on eligible IndianOil fuel transactions, along with rewards on online shopping and the convenience of using a RuPay credit card for supported UPI payments.
The card comes with a ₹500 joining fee and ₹500 annual fee, although the annual fee can be waived when you spend more than ₹3.5 lakh during a card anniversary year. With fuel rewards, a fuel surcharge waiver and additional lifestyle benefits, the card can be useful for regular IndianOil customers.
In this review, we cover the card’s features, rewards, fees, eligibility, benefits, pros and cons to help you decide whether the Axis Indian Oil RuPay Credit Card is worth it in 2026.
Key Highlights
| Feature | Details |
|---|---|
| Card Network | RuPay |
| Joining Fee | ₹500 |
| Annual Fee | ₹500 |
| IndianOil Fuel Rewards | 20 EDGE Reward Points per ₹100 |
| Online Shopping Rewards | 5 EDGE Reward Points per ₹100 |
| Fuel Surcharge Waiver | 1% on eligible fuel transactions |
| Annual Fee Waiver | Spend more than ₹3.5 lakh in a card anniversary year |
Features & Benefits of Axis Indian Oil RuPay Credit Card
4% Value Back on IndianOil Fuel
Cardholders can earn 20 EDGE Reward Points for every ₹100 spent at IndianOil fuel outlets in India. This provides up to 4% value back when the reward points are redeemed at the applicable value. The accelerated fuel reward is available on eligible transactions and is subject to a monthly eligible-spend limit of ₹5,000.
Rewards on Online Shopping
The card also offers accelerated rewards on eligible online shopping transactions. Cardholders can earn 5 EDGE Reward Points for every ₹100 spent on eligible online merchants. Eligible online transactions are subject to the applicable transaction and monthly spending limits.
RuPay UPI Payments
As a RuPay credit card, the Axis Indian Oil RuPay Credit Card can be linked to supported UPI applications for eligible merchant payments. This allows cardholders to use their credit limit for supported UPI transactions while continuing to earn applicable rewards.
1% Fuel Surcharge Waiver
The card offers a 1% fuel surcharge waiver on eligible fuel transactions between ₹400 and ₹4,000. The maximum fuel surcharge waiver is ₹50 per statement cycle. GST charged on the fuel surcharge is not refundable.
Welcome Benefit
New cardholders can earn up to 1,250 EDGE Reward Points on their first eligible fuel transaction made within the first 30 days of card issuance, subject to the applicable offer terms and conditions.
BookMyShow Discount
Cardholders can get an instant discount of up to 10% on eligible movie ticket bookings made through BookMyShow, subject to the applicable offer terms and conditions.
Reward Points on Other Eligible Transactions
Apart from accelerated rewards on IndianOil fuel and eligible online shopping transactions, the card earns 1 EDGE Reward Point for every ₹100 spent on eligible transactions. Certain categories and transactions may be excluded from earning EDGE Reward Points.
Reward Structure
| Transaction Type | Reward |
|---|---|
| IndianOil Fuel Transactions | 20 EDGE Reward Points per ₹100 |
| Eligible Online Shopping | 5 EDGE Reward Points per ₹100 |
| Other Eligible Spends | 1 EDGE Reward Point per ₹100 |
| Excluded Categories | No EDGE Reward Points |
The accelerated reward categories are subject to applicable spending limits and exclusions. IndianOil fuel rewards and online shopping rewards have specific monthly eligible-spend limits, so cardholders should check the current terms before relying on the maximum reward rate.
Fees & Charges
The Axis Indian Oil RuPay Credit Card has a ₹500 joining fee and a ₹500 annual fee. However, the annual fee can be waived if you spend more than ₹3.5 lakh during a card anniversary year, subject to the applicable terms and conditions.
| Fee Type | Charges |
|---|---|
| Joining Fee | ₹500 |
| Annual Fee | ₹500 |
| Annual Fee Waiver | Spend more than ₹3.5 lakh in a card anniversary year |
Eligibility Criteria
- Age: 18 years and above
- Employment: Salaried and self-employed applicants can apply
- Income: Subject to Axis Bank's eligibility assessment
- Credit history: Approval is subject to the bank's credit assessment
- Other requirements: Applicants must meet the bank's internal eligibility criteria
Eligibility and approval are subject to Axis Bank’s internal policies, verification and credit assessment. The exact eligibility requirements may vary by applicant.
Documents Required
- PAN Card / Form 60
- Address Proof such as Aadhaar, Passport or Utility Bill
- Income Proof, if required
- Recent Photograph
The exact documents required may vary depending on the applicant and the bank’s verification process.
How to Apply for Axis Indian Oil RuPay Credit Card
You can apply for the Axis Indian Oil RuPay Credit Card online by completing the application form and providing the required information. Make sure you meet the eligibility criteria before submitting your application.
- Click the Apply Now button above.
- Complete the online application form.
- Enter your personal, employment and financial details.
- Submit the required information and documents.
- Complete the bank's verification process.
- If approved, complete the card activation process.
Pros & Cons of Axis Indian Oil RuPay Credit Card
| Pros | Cons |
|---|---|
| ✓ Up to 4% value back on eligible IndianOil fuel spends | ✗ ₹500 joining fee |
| ✓ RuPay network with supported UPI payments | ✗ ₹500 annual fee unless waived |
| ✓ 5 Reward Points per ₹100 on eligible online shopping | ✗ Accelerated rewards are subject to monthly limits |
| ✓ 1% fuel surcharge waiver | ✗ Fuel surcharge waiver is capped |
| ✓ BookMyShow discount | ✗ ₹3.5 lakh annual spend needed for annual fee waiver |
Frequently Asked Questions
Is the Axis Indian Oil RuPay Credit Card worth it?
It can be worth considering if you regularly purchase fuel at IndianOil outlets and can make enough eligible spending to benefit from the accelerated rewards and other card benefits.
How many reward points do I earn on IndianOil fuel?
You can earn 20 EDGE Reward Points for every ₹100 spent on eligible IndianOil fuel transactions, subject to the applicable monthly spending limit.
Can the Axis Indian Oil RuPay Credit Card be used for UPI?
Yes. As a RuPay credit card, it can be linked to supported UPI applications for eligible merchant transactions.
What is the annual fee of the Axis Indian Oil Credit Card?
The annual fee is ₹500. It can be waived when the cardholder spends more than ₹3.5 lakh during a card anniversary year, subject to the applicable conditions.
How much fuel surcharge waiver does the card offer?
The card offers a 1% fuel surcharge waiver on eligible fuel transactions between ₹400 and ₹4,000, subject to the applicable maximum waiver per statement cycle.
How many reward points can I earn on online shopping?
You can earn 5 EDGE Reward Points for every ₹100 spent on eligible online shopping transactions, subject to the applicable transaction and monthly spending limits.
Is Axis Indian Oil RuPay Credit Card Worth It in 2026?
The Axis Indian Oil RuPay Credit Card can be a good option for people who regularly fuel their vehicles at IndianOil outlets. Its biggest advantage is the accelerated reward rate of 20 EDGE Reward Points per ₹100 on eligible IndianOil fuel spending, along with the convenience of RuPay UPI payments.
However, the card has a ₹500 annual fee unless the required annual spending threshold is met. The accelerated fuel and online shopping rewards are also subject to applicable monthly limits, so the card is most useful when your spending pattern matches its reward categories.
Overall, if IndianOil is your preferred fuel network and you regularly spend on fuel, this card is worth considering. If you rarely use IndianOil outlets, a general cashback or rewards card may provide better value for your spending pattern.
Ready to Apply for the Axis Indian Oil RuPay Credit Card?
If you regularly spend at IndianOil outlets and meet the eligibility criteria, explore the Axis Indian Oil RuPay Credit Card and its fuel, rewards and UPI benefits.
Apply Now