Axis Bank Credit Card for Fuel

Axis Bank offers a variety of credit card options for travelers, shoppers, and others. Further, every type of credit card is listed here, from premium to affordable. As a result, Axis Banks provides the IndianOil Axis Bank Credit Card to help customers save money on fuel purchases. If you drive your own car on a daily basis, this fuel credit card is for you. Moreover, it offers a 4% value back on fuel transactions at IOCL fuel stations, rewards points, a 1% fuel surcharge waiver, and many other benefits. In addition, you will also receive 100% cashback on fuel purchases, movie vouchers, dining discounts, and edge reward points, among other things.

Dive deeper into this article to understand in depth about the Axis Bank Credit Card for Fuel.

Best Axis Bank Credit Card for Fuel

Axis Bank and IndianOil have partnered to launch the IndianOil Axis Bank co-branded credit card. It is an ideal credit card for those looking for a credit card that offers fuel discounts. Furthermore, as a fuel card, the Axis Bank Indian Oil Credit Card offers benefits in a variety of other categories. However, in order to reap the benefits of fuel, you must use this card at IndianOil outlets.


Below are the benefits you will get with this credit card:

  • Cashback of up to INR 250 for fuel transactions within 30 days of card issuance.
  • On spending INR 100 at IOCL Outlet you will get up to 20 reward points.
  • Get 5 reward points for spending INR 100 on online shopping.
  • 1% fuel surcharge waiver at any fuel station in India.
  • Annual fee waiver by spending INR 50,000 in a year.
  • Book tickets for movies via BookMyShow and get a 10% discount.
  • Avail 1 Edge Reward Point for spending INR 100 with your credit card.
  • Enjoy a 15% discount on partner restaurants in India.
People Also Look For  Best Credit Cards in India for People with Annual Income <5L, 5L-10L, 10L-20L

Axis Bank Credit Card for Fuel Fee and Charges

It is one of the Best Axis Bank Credit Cards for Low Income. Therefore, you can avail of the IndianOil Credit Card by paying a nominal amount of joining fee.

Here is the fee you need to pay to obtain this Axis Bank Credit Card:

Joining FeeINR 500
Annual Fee1st Year-NIL

2nd Year- INR 500

(However, with annual spending of INR 50,000 in the first year you can waive the annual charges)
Add-on Card FeeNIL
Add-on Card Annual FeeWaived
Card Replacement FeeNIL
Cash Payment FeeINR 100
Outstation Cheque FeeWaived
Finance Charges3.4% per month
Cash Withdrawal Fees3.4%
Late Payment Fees- If the amount is less than INR 500 then no late payment fee is charged.
- A late payment fee of INR 500 is charged for amounts ranging between 501 and INR 5000.
- Pay INR 750 as a late payment fee for amounts between INR 5001 to INR 10,000.
- If the due amount is greater than INR 10,000 then up to INR 1200 will be charged.
Foreign Currency Transaction Fee3.5% of Transaction Value
Rewards Redemption FeeYes

Eligibility Criteria

Here are the credit card eligibility requirements you need to get the card:

  • The age of the cardholder should be between 18 to 70 years.
  • Add-on cardholders should be more than 15 years of age.
  • Both Indian and Non-Indian Residents can apply for the Axis Bank Credit Card for Fuel.

Document Required

The IndianOil is one of the Best Fuel Credit Cards that offers numerous advantages as mentioned above. Further, there is a certain set of necessary documents required that are mentioned below:

  • PAN Card.
  • Passport-size colored photograph.
  • Address proof.
  • Proof of identity.
  • Electricity Bill.
  • Aadhar Card.
People Also Look For  Best Fuel Credit Cards in India

How much Cash Back can you get from the Axis Bank Credit Card for Fuel?

IndianOil Fuel Card is one of the Best Axis Bank Credit Cards provided by the lender. Moreover, it comes with various offers through which you can earn cashback. Therefore, here below is a detailed explanation through a value chart of how much cashback you can win considering your spending.

Check down the value chart here:

ParticularsAnnual SpendingCashback
Fuel spends at IOCL48,000INR 1920
Fuel Surcharge Waiver-INR 480
Online Shopping36,000INR 360
BookMyShow (Movie)6000INR 600
Others54,000INR 108
Welcome Benefit-INR 250
Total Annual Benefit-INR 3718
Total Annual Spends1,44,000-
Annual Free Fuel -53 Ltrs

Why should you get an Axis Bank Card for Fuel?

The market is competitive, with numerous lenders offering various credit cards. However, Axis Bank has always been at the top of the competition. The Axis Bank IndianOil Credit Card is one of the best ways to save money on propane. It not only waives the fuel surcharge but also offers reward points for purchases made at IOCL outlets. Further, it will also help you save a lot of money on your daily fuel purchases. In addition, you can get up to INR 250 cashback on fuel purchases made within 30 days of receiving your card. As a result, you benefit from this Axis Bank Card for Fuel in every way.


The IndianOil Axis Bank Card for Fuel is one of the market’s Best Fuel Credit Cards. Furthermore, as a fuel card, you can also enjoy benefits such as movie vouchers, dining delights, shopping vouchers, and many more. Additionally, the rewards will be used to obtain free fuel from IOCL outlets. Besides that, as we have mentioned above you can get up to 53 Litres of fuel free annually.

People Also Look For  Best Credit Cards with No Annual Fee

People Also Look For

Comments are closed.

  • /