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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
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
Enjoy Welcome Benefit
Spend Based Waiver
30% off on Zomato
Lounge Access
Dining Delight
Wednesday Delight
Beat the mid-week blues with exciting offers every Wednesday
Accelerated Rewards at IndianOil Fuel Outlets
Beat the mid-week blues with exciting offers every Wednesday
Accelerated Rewards at Grocery & Supermarket Spends
Fuel Surcharge Waiver
Beat the mid-week blues with exciting offers every Wednesday
Earn EDGE MILES
Beat the mid-week blues with exciting offers every Wednesday
Eligibility for IndianOil Axis Bank Premium Credit Card
Documentation for IndianOil Axis Bank Premium Credit Card
*The above list is only indicative. Documents required may vary on a case to case basis.
Fees & Charges
Fees & Charges
| Financial Charges | |
|---|---|
| Joining/Annual Fee | ₹1000 + GST Annual fee waived off on spends of ₹1,00,000 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| Cash Withdrawal Fee | 2.5% on the amount withdrawn (Minimum ₹500) |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.
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