At a Glance
Key Benefits
20% value back on IndianOil fuel, 4X on dining, fuel surcharge waiver
Lounge Access
No lounge access
Eligibility
Salaried: Rs 30,000+/month, Age: 21-65, CIBIL: 700+
Quick Details
Annual Fee
₹1,500
#206
Joining Fee
₹1,500
#207
Interest Rate
42.00% p.a.
#108
Forex Markup
3.50%
#75
Rewards/₹100
₹0.25 - ₹5.00
#49
Reward Type Reward Points
Reward Currency Points
Min Credit Score
700+
#54
Min Monthly Income ₹25
Network VISA
Late Payment Fee ₹600
Cash Advance Fee 2.50% (min ₹500)
Fee Waiver on Spend ₹1,50,000/yr
Reward Structure
Base
All Spends
₹0.25 /₹100
Partner
IndianOil
₹5.00 /₹100
Cat
Dining
₹0.50 /₹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 IndianOil Axis Bank Premium is a solid credit card option. With an annual fee of ₹1500, ensure you can utilize the benefits to get value. Consider your spending patterns before applying.
Pros
- Annual fee waiver on spending ₹150000
- Extended interest-free period of 50 days
- Contactless payment enabled for quick transactions
- Easy EMI conversion facility available
- Add-on cards available for family members
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 fuel benefit on this card?
You get 20% value back on fuel purchases at IndianOil outlets up to Rs 500/month.
Is there a fuel surcharge waiver?
Yes, 1% fuel surcharge waiver on transactions between Rs 400 and Rs 4,000.
What are the rewards on dining?
4X rewards on dining and groceries purchases.
Is the annual fee waived?
Yes, fee is waived on annual spend of Rs 1.5 lakhs.
Does this card have lounge access?
No, this card does not offer lounge access.
User Reviews
Ready to Apply for IndianOil Axis Bank Premium?
Get started with your application today and enjoy premium benefits, rewards, and exclusive privileges.