IndianOil Axis Bank Premium Credit Card

Axis Bank · ₹1,000 a year · fee waived on ₹30,000 of annual spend

A fuel card worth about 4% at IndianOil pumps, with a very low bar for waiving the fee.

Base rate: 0.67% as EDGE Mile.

What the bank says

• 6 EDGE Miles per ₹150 at IndianOil pumps, on up to ₹15,000 of fuel a month
• 2 EDGE Miles per ₹150 on groceries and supermarkets, up to ₹5,000 a month
• 1 EDGE Mile per ₹150 on everything else; 1 EDGE Mile = ₹1
• 1% fuel surcharge waiver at IndianOil pumps
• Annual fee waived on spends of ₹30,000

Where it pays more

• 4% at IndianOil pumps, on up to ₹15,000 of fuel a month
• 1.33% on grocery and supermarket spends, up to ₹5,000 a month

Things that catch people out

• We assume 90% of your fuel is bought at IndianOil. Other pumps earn the standard rate.
• Above the monthly limits, the card keeps earning 1 mile per ₹150, which our figure leaves out.
• Wallet loads, rent and insurance earn nothing.

Joining fee: ₹1,000. Foreign currency markup: 3.5%.

Read from Axis Bank’s own page on 2026-09-16.

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