IndianOil Axis Bank Premium Credit Card
Axis Bank
IndianOil Axis Bank Premium Credit Card
Axis Bank
Annual Fee
₹1,000
Effective Rate
0.15%
Network
VISA
Point Value
₹0.15/pt
About IndianOil Axis Bank Premium Credit Card
The IndianOil Axis Bank Premium Credit Card is a standard-tier cashback credit card issued by Axis Bank on the VISA network. It carries an annual fee of ₹1,000. The card includes complimentary airport lounge access, making it well suited for frequent flyers. With zero foreign transaction charges, it is a strong companion for international travel.
Best For
Pros & Cons
thumb_upPros
- check_circleDomestic Airport Lounge
- check_circleZero forex markup on international transactions
- check_circleFuel Surcharge Waiver
- check_circleIndianOil XTRAPOWER Points
- check_circleSpending milestone bonuses for high spenders
thumb_downCons
- cancelAnnual fee of ₹1,000 with no waiver option
Reward Earning Structure
Each point is worth ₹0.15 — an effective return of 0.15% on spend.
| Category | Earn Rate | Per ₹10,000 Spent |
|---|---|---|
| All other spends | 4% | 400 pts≈ ₹60 |
| All other spends | 1.33% | 133 pts≈ ₹20 |
| All other spends | 0.67% | 67 pts≈ ₹10 |
Cashback is credited directly to your statement, reducing your outstanding balance. No redemption required.
Card Benefits
Fuel Surcharge Waiver
1% fuel surcharge waiver at IndianOil outlets
~₹4,800/yr value
IndianOil XTRAPOWER Points
Earn XTRAPOWER fuel points at higher rate
~₹6,000/yr value
Domestic Airport Lounge
1 complimentary domestic lounge visit per quarter
~₹2,000/yr value
Spending Milestones
Unlock bonus rewards when your annual spend crosses these thresholds.
Spend ₹30,000 (ANNUAL)
Annual Fee Waiver – ₹30K Spend: Annual fee of ₹1,000 waived on spending ₹30,000 or more in a card anniversary year.
Fees & Charges
Key fees at a glance. For the complete schedule refer to the official Key Fact Statement (KFS) on the Axis Bank website.
| Annual Fee | ₹1,000 |
| Forex Markup | 0% (Zero Markup) |
| Interest Rate (APR) | Refer to KFS |
| Late Payment Charges | Refer to KFS |
| Cash Advance Fee | Refer to KFS |
Eligibility & Documents Required
Eligibility Criteria
- checkAge: 18–70 years (primary cardholder)
- checkMinimum annual income: As per bank norms
- checkCIBIL score: 750+ recommended
- checkEmployment: Salaried or self-employed Indian resident
Documents Required
- descriptionPAN Card (mandatory)
- descriptionAadhaar / Passport / Voter ID (address proof)
- descriptionSalary slips — last 3 months (salaried)
- descriptionLatest ITR or Form 16 (self-employed / salaried)
- descriptionBank statements — last 3 months
- descriptionPassport-size photograph
Frequently Asked Questions
Common questions about IndianOil Axis Bank Premium Credit Card.
Ready to apply for IndianOil Axis Bank Premium Credit Card?
Apply directly on the Axis Bank website. Most decisions within 7–10 working days.
Affiliate disclosure: CreditBrain may earn a referral fee if you apply via our link. This does not affect our editorial independence.