Axis Bank
IndianOil Axis Bank Credit Card
Annual Fee
₹500
Base Reward
1% points
Foreign Markup
3.5%
Welcome Benefits
1,250 EDGE Reward Points Worth ₹250
Product Highlights
- 100% value up to 1,250 EDGE Reward Points on first fuel transactions made within 30 days of card issuance.
- 20 Reward Points on every ₹100 spent at IOCL petrol pumps.
- 5 Reward Points on every ₹100 spent on online shopping.
Category Rewards
fuel
20 Reward Points
20 Reward Points
shopping
5 Reward Points
5 Reward Points
Fee Waiver
Renewal Fee Waived on Annual Spending of ₹3.5 Lakh
Merchant-Specific Rewards
1 pt ≈ ₹0.25–₹0.50
IOCL
offline(N/A)
Online Shopping
online(N/A)
Rewards Details
20 Reward Points per ₹100 on fuel transactions at IOCL stations, 5 Reward Points per ₹100 on online shopping and 1 EDGE Point per ₹100 on all other spends with the card. Instant discount of up to 10% on movie tickets on BookMyShow.
- Reward Points redeemable for shopping/travel vouchers and products (from the given product catalog) on Axis Bank EDGE Rewards Portal.
Benefits & Features
Domestic: N/A International: N/A
Pros & Cons
Pros
- The card is best suited for transactions at petrol stations, offering excellent cashback on fuel, a daily necessity.
- Get 10% off on movie tickets made with BookMyShow.
Cons
- While this card is great for cashback on fuel transactions, it does not provide any travel benefits.
- You won’t receive a significant welcome benefit, only 1,250 EDGE Reward Points worth ₹250 (maximum).
Additional Info
Important: The welcome benefit of 1,250 EDGE Reward Points is valid only for the first fuel transaction within 30 days of card issuance.
The card does not offer any travel benefits, making it less suitable for frequent travelers.
The fuel surcharge waiver applies only for transactions between ₹400 and ₹4,000.
Excluded Categories
Partner Merchants
Fees & Charges
Eligibility
Min Age
18 yrs
Networks
Fee Waiver
Renewal Fee Waived on Annual Spending of ₹3.5 Lakh