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Axis Bank

IndianOil Axis Bank Premium Credit Card

The higher IOCL tier — earning a distinctly-branded, unpriced "EDGE MILES" currency at 6 per ₹150 on fuel (double the base card's rate structure), plus an uncapped fuel surcharge waiver and 8 domestic lounge visits a year.

Joining fee
₹1,000
Annual fee
₹1,000
Status
Open
Verified
30 August 2026
IndianOil Axis Bank Premium Credit Card

Fees

Joining fee
₹1,000
Annual fee
₹1,000
Fee waiver
Waived above ₹30,000 annual spend
Forex markup
3.5%

Rewards

miles

  • fuel: 6 points / ₹150IOCL fuel outlets, on the first ₹15,000 spent per month; spend above that threshold earns only the base 1 EDGE MILE per ₹150
  • groceries: 2 points / ₹150Grocery and supermarket spend, up to ₹5,000 per month (≈33 EDGE MILES); spend above that threshold earns only the base 1 EDGE MILE per ₹150
  • everything-else, international: 1 points / ₹150Uncapped base earn on all other spend

Milestone rewards

  • ₹0 spend: 500 EDGE MILES

No ₹-per-mile value is stated anywhere; genuinely unpriced. EDGE MILES credit directly to the customer's EDGE account.

Travel

Domestic lounge
2/quarter
Forex markup
3.5%

"2 complimentary lounge access per quarter at select domestic airports" — no spend-based unlock condition is stated for this card, unlike most of the portfolio. No international lounge access is mentioned.

Eligibility

Minimum age
18 years

Why this card may suit you

  • The annual fee is waived once you spend 30,000 in a year.
  • It includes airport lounge access, useful if you travel by air a few times a year.

Source & Verification

Verified from official issuer sources. Last verified 30 August 2026

View issuer page ↗

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An entry-level card whose real value is the lounge and cinema benefits, not the rewards. The reward points earn into a goods catalogue with no published rupee value, so treat the rate as unknown rather than as cashback.

Joining
₹500
Annual
₹500
Base reward
0.8% everything else
Forex
3.5%
Lounge
1/qtr domestic lounge