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Axis Bank Indian Oil
Annual Fee
₹500
Rewards/₹100 ⓘ
₹0.50 - ₹1.25
Normalized to balance base rate with bonus categories
Interest Rate
42.00%
Credit Score
700+
At a Glance
Key Benefits
5X fuel points, 4% fuel surcharge waiver, Rs 500 fee waived on Rs 50K spend
Lounge Access
No complimentary lounge access
Eligibility
Salaried: Rs 20,000+/month, Age: 21-65, CIBIL: 700+
Quick Details
Annual Fee
₹500
#113
Joining Fee
₹500
#112
Interest Rate
42.00% p.a.
#108
Forex Markup
3.50%
#75
Rewards/₹100
₹0.50 - ₹1.25
#175
Reward Type Reward Points
Reward Currency Points
Min Credit Score
700+
#54
Min Monthly Income ₹20
Network RUPAY
Late Payment Fee ₹500
Cash Advance Fee 2.50% (min ₹400)
Fee Waiver on Spend ₹50,000/yr
Reward Structure
Base
All Spends
₹0.50 /₹100
Cat
Fuel
₹1.25 /₹100
Reward Calculator
₹
Allocate by Category 100%
Your Rewards
Points Earned 0
Cash Value ₹0
Breakdown
Quick amounts:
Insurance Coverage
Lost Card
₹0
Zero liability.
Fraud
₹0
Zero liability.
Quick Analysis
The Axis Bank Axis Bank Indian Oil is a solid credit card option. With an annual fee of ₹500, ensure you can utilize the benefits to get value. Consider your spending patterns before applying.
Pros
- Low annual fee of just ₹500
- Annual fee waiver on spending ₹50000
- Extended interest-free period of 50 days
Cons
- No complimentary lounge access
- High forex markup of 3.50% on international transactions
- High interest rate of 42.00% on revolving credit
Frequently Asked Questions
What is the annual fee of Axis Bank Indian Oil card?
The annual fee is Rs 500 which is waived on annual spending of Rs 50,000.
Is there fuel surcharge waiver on this card?
Yes, you get 4% fuel surcharge waiver on fuel purchases at IndianOil outlets up to Rs 400 per month.
How many reward points do I earn on fuel purchases?
You earn 5 reward points per Rs 100 spent on fuel at IndianOil outlets (5X accelerated rewards).
Can I use this card internationally?
No, this is a RuPay card designed primarily for domestic fuel and daily purchases.
What is the minimum income required for this card?
Minimum income requirement is Rs 20,000 per month for salaried individuals.
User Reviews
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