Axis Bank

IndianOil Axis Bank

FuelEntry

Apply on bank site

Checked 2 Oct 2026 ·

Annual fee₹500+ GST

Forex markup3.5%

Interest3.75%a month

Network

You earn

Perks & rules

What changed

Coming 1 Nov 2026BookMyShow discount needs ₹25,000 spend in the previous 3 months

28 Aug 2026Rupee payments abroad (DCC) now 3.5% instead of 1.5%; late fee ₹1,300 on dues above ₹50,000

28 Aug 2026Gift cards moved to their own category and still earn nothing; tolls and road fees earn no points

1 Oct 2025Unredeemed points can be forfeited 30 days after closure or when the minimum due is 90+ days late

20 Jun 2025Non-earning spends now identified by category instead of merchant code

Worth it?

See what it pays back on your spending, after the fee.Run the numbers

All the fine printEvery detail from the bank's documents, in one place

How you earn

Rewards asEDGE REWARD points

Base rate1 point per ₹100 spent

Higher rates

IndianOil fuel: 20 points per ₹100 (4%) on fuel at IndianOil outlets, ₹400–₹4,000 per transaction
Online: 5 points per ₹100 (1%) on online spends of ₹100–₹5,000

Limits

IndianOil fuel: first ₹5,000 a calendar month, max 1,000 points; no points on fuel above that
Online: first ₹5,000 a calendar month, max 250 points
Points only on whole ₹100 amounts

Doesn't earn on

Transportation & tolls, telecom, jewellery, utilities, insurance, education, government, wallet, rent, gift cards; fuel outside the IndianOil bonus
Gift cards (own category) and bridge, road fees & tolls
EMI, cash, fees and taxes

Where it landsFuel bonus points within 24 days of the transaction

What a point is worth

ValueBank equates 20 points per ₹100 with 4% value back, i.e. ₹0.20 a point; redeemed from the EDGE REWARDS catalogue

ExpiryNot stated in the documents read; points may be forfeited 30 days after card closure or if the minimum due is over 90 days late

Redemption fee₹99 per redemption

Welcome benefit

Welcome100% back on your first fuel transaction within 30 days of issue, up to 1,250 points (₹250 of fuel)

Milestones

MilestonesNone stated

Airport lounges

DomesticNone

InternationalNone

Fuel

Fuel1% surcharge waiver on ₹400–₹4,000, up to ₹50 a statement cycle

Spending abroad

Forex markup3.5% (also 3.5% on international payments made in rupees)

Fees

Joining fee₹500 + GST

Annual fee₹500 + GST from year 2

Fee waiverAnnual fee waived on ₹3.5 lakh spend in the card anniversary year (rent, wallet, insurance, EMI and cash don't count)

If you pay late

Late feeNil up to ₹500 due; ₹500 / ₹750 / ₹1,200 / ₹1,300 for dues up to ₹5,000 / ₹10,000 / ₹50,000 / above; +₹100 if minimum due missed twice in a row

Interest3.75% a month (55.55% a year)

Cash withdrawal2.5% of the amount, minimum ₹500