IndianOil Axis Bank Premium Credit Card

The terms and conditions of IndianOil Axis Bank Premium credit card will be updated w.e.f 20th June'25. Please click here to know more

Features & Benefits
Eligibility & Documentation
Fees & Charges
Value Chart
Services

Features & Benefits

Enjoy Welcome Benefit

Enjoy 500 EDGE MILES on your first spend within 30 days of card issuance

Accelerated Rewards at IndianOil Fuel Outlets

Earn 6 EDGE MILES on every ₹150 spent at any IOCL fuel outlet in India

Accelerated Rewards at Grocery & Supermarket Spends

Earn 2 EDGE MILES on every ₹150 spent on Grocery & Supermarket spends

Fuel Surcharge Waiver

Get 1% unlimited fuel surcharge waiver on fuel purchases at all IOCL fuel outlets across.

Earn EDGE MILES

Uncapped base earn of 1 EDGE MILE on every ₹150 spent EDGE MILES will be credited directly to the customer’s EDGE account

Spend Based Waiver

Spend ₹30,000 and above in an anniversary year to be eligible for annual fee waiver

30% off on Zomato

Get 30% off on food delivery at Zomato with your IndianOil Axis Bank Premium Credit Card

Lounge Access

Enjoy 2 complimentary lounge access per quarter at select domestic airports with your IndianOil Axis Bank Premium Credit Card

Dining Delight

Enjoy exceptional dining experiences at top restaurants across India with the Axis Bank Dining Delights Program.

Wednesday Delight

Beat the mid-week blues with exciting offers every Wednesday

Eligibility Documentation

Eligibility for IndianOil Axis Bank Premium Credit Card

Primary Cardholder should be 18-70 years of age
The individual should either be a Resident of India

*The above criteria are only indicative, and the bank reserves the ultimate right to approve or Decline applications for IndianOil Axis Bank Premium Credit Card.

Documentation for IndianOil Axis Bank Premium Credit Card

PAN Card photocopy or Form 60
Proof of income
Latest payslip / Form 16 / IT return
Residence proof
Driving License / Electricity Bill / Landline Telephone Bill bill

*The above list is only indicative. Documents required may vary on a case to case basis.

Fees & Charges

Financial Charges
Joining/Annual Fee	₹1000 + GST Annual fee waived off on spends of ₹30,000 and above
Add-on card Joining/Annual Fee	Nil
Cash Withdrawal Fee	2.5% on the amount withdrawn (Minimum ₹500)
Finance Charges - Interest	3.75% Per Month (55.55% Per Annum)
Late payment charges	Nil if outstanding amount is less than ₹500 ₹500 if outstanding amount is between ₹501 and ₹5,000 ₹750 if outstanding amount is between ₹5,001 and ₹10,000 ₹1,200 if outstanding amount is greater than ₹10,001 An additional INR 100 charge will be levied if the 'Minimum Amount Due (MAD)' is not paid for two consecutive cycles and will apply until the MAD is cleare
Over limit charge	2.5% (Minimum ₹500) of Over limit amount (excluding fees, charges and taxes)
Returned Payment Charge (Cheque / ECS / ACH / SI bounce charge)	2% of payment amount (Minimum ₹450, No Maximum cap on the fee
Fuel transaction charge	1% (+GST) of Transaction Amount Surcharge refunded for spends done at IOCL fuel outlets
Railway ticket booking surcharge	As prescribed by IRCTC / Indian Railways
Rent surcharge	1% + GST per transaction will be applicable on each rental transaction done with IndianOil Axis Bank Premium Credit Card
Statement Request (beyond 3 months)	Nil
Reissue of lost, stolen or damaged card	Nil
Foreign currency transactions	3.50% of Transaction value
Dynamic Currency Conversion markup	1.5% + GST will be applicable on Axis Bank Credit Cards for each International transaction performed in Indian currency at International location or transactions performed in Indian currency with merchants located in Indian but registered in foreign nation.
Transaction fee	- 1% will be applicable on education payments made via third-party apps. However, payments and transactions made directly through education institutional websites, or their POS machines will not incur this fees. - Cumulative spends exceeding INR ₹10,000 on wallet loads, INR ₹50,000 on fuel, INR ₹25,000 on utilities, and INR ₹10,000 on online skill-based gaming platforms within a statement period will attract a 1% transaction fee
Cash deposit at Citi branches	₹175 per deposit
Reward Redemption Fee	Nil

Value Chart

INDIANOIL AXIS BANK PREMIUM Credit Card Value Chart on Annual Spends of ₹3,00,000
Benefits of INDIANOIL AXIS BANK PREMIUM Credit Card	Annual Spends(₹)	Benefits / Discounts(₹)
Welcome Benefit*	-	500
Complimentary access to selected Domestic Lounges (if offer availed 2 times a quarter**)	-	12,000
Zomato Discounts***	12,000	3,600
Rewards on Annual Spends (excluding all restricted categories) - Base	40,000	267
Accelerated Rewards of 6X - Fuel (IOCL outlets)	60,000	800
Fuel Surcharge waiver^ (annually)	-	1,780
Spends on no-earn categories (excluded MCCs)	20,000	-
Spend Based Fee Waiver	-	1000
Total Annual Benefits		27,147

Total Benefits on INDIANOIL AXIS BANK PREMIUM Credit Card is more than ₹27,000 (value chart is for illustrative purpose only)

* Based on assumption that customer completes first transaction and activates the card within 30 days of card issuance. Welcome benefit is applicable to the customer only in the first year

**Based on assumption that customer visits lounge 2 times a quarter. Cost of lounge is assumed at ₹1,500

***Based on assumption that customer orders from Zomato twice a month of minimum order value of ₹200, to avail 30% discount. The maximum discount per order ₹150

^Valid on transactions at IOCL fuel outlets. GST charged on fuel surcharge is non-refundable.