Axis Bank
IndianOil Axis Bank Premium Credit Card
Annual Fee
₹1,000
Base Reward
1% points
Foreign Markup
3.5%
Welcome Benefits
500 EDGE MILES on your first spend within 30 days of card issuance
Product Highlights
- Earn 6 EDGE MILES for every ₹150 spent at IndianOil outlets.
- 2 EDGE MILES for every ₹150 spent on groceries and supermarkets.
- Free airport lounge access with spending criteria.
Category Rewards
fuel
6 EDGE MILES
6 EDGE MILES
grocery
2 EDGE MILES
2 EDGE MILES
Fee Waiver
Annual fee waived off on spends of ₹30,000 and above
Merchant-Specific Rewards
1 pt ≈ ₹0.25–₹0.50
Zomato
online(Max ₹150 discount per order)
IndianOil
offline(Uncapped)
Grocery & Supermarkets
offline(Uncapped)
Rewards Details
Earn 6 EDGE MILES on every ₹150 spent at any IOCL fuel outlet in India. Earn 2 EDGE MILES on every ₹150 spent on Grocery & Supermarket spends. Uncapped base earn of 1 EDGE MILE on every ₹150 spent.
- EDGE Miles can be redeemed for fuel (1 EDGE Mile = ₹1).
Benefits & Features
Domestic: 2 complimentary visits each quarter (Spend ₹50,000 or more in the previous three months required for activation) Complimentary lounge access on ₹50,000+ spend in the previous three months. Without spend criteria, lounge access is not available.
Pros & Cons
Pros
- High 6 EDGE MILES on fuel purchases at IndianOil outlets.
- 30% discount on Zomato orders.
- Annual fee waiver on ₹30,000 spend.
Cons
- Complimentary lounge access requires ₹50,000 spend in the previous three months.
- Limited to specific categories for accelerated rewards.
Additional Info
Important: EDGE MILES expire after 2 years from earning date.
Transactions for rent, wallet, and insurance payments do not count towards the spend threshold for the annual fee waiver.
Complimentary lounge access is limited to 2 visits per quarter and requires a minimum spend.
Excluded Categories
Partner Merchants
Fees & Charges
Eligibility
Min Age
18 yrs
Networks
Fee Waiver
Annual fee waived off on spends of ₹30,000 and above