IndianOil Axis Bank Premium Credit Card: Features & Apply

Table of Contents

Summary

The IndianOil Axis Bank Premium Credit Card is a premium card, and it is designed specifically for frequent users of fuel and regular spends. It is the product of Axis Bank and IndianOil, India’s most prominent fuel company, coming together. The card provides a clever method of saving fuel money and receiving rewards on other spendings like grocery shopping, electricity bills, shopping, and dining.

A major benefit of the card is the 5% value back on fuel bought at IndianOil petrol stations in the form of EDGE Reward Points. Additionally, customers enjoy a 1% fuel surcharge waiver, which reduces fuel costs. Apart from fuel, the card offers reward points on all spending, which can be redeemed as fuel or other exciting products from Axis Bank’s reward store.

This credit card also provides privileged lifestyle benefits such as up to 15% off at partner restaurants and free access to domestic airport lounges on a quarterly basis, providing the travelers with extra comfort. Contactless payment assists in providing fast and secure transactions.

Introduction

In the fast life of present times, credit cards have emerged as an important aspect of our daily life. Amongst all the credit cards available in the market, the IndianOil Axis Bank Premium Credit Card is one great choice for those who use a lot of fuel frequently and want to benefit from extra rewards on their day-to-day spends.

This credit card is a result of the partnership of Axis Bank, one of India’s leading private banks, and IndianOil, one of India’s leading fuel companies. This card is specially designed to give the best value on fuel expenses, reward points, discounts, and lifestyle rewards. If you are a car owner and regularly refuel at IndianOil petrol pumps, then this credit card can benefit you lots of money along with added value offers.

One of the most prominent features of the IndianOil Axis Bank Premium Credit Card is that it gives 5% value back in the form of reward points on fuel spends at IndianOil outlets. These reward points can later be used to redeem future fuel costs, making it a very intelligent card for daily commuters and drivers.

Getting this credit card is practical and hassle-free. From Axis Bank’s website, you may apply online; alternatively, you can find the closest Axis Bank branch. The eligibility is also quite handy; you may quickly receive the approval if you have a consistent income, a solid credit record, and the required paperwork. Additionally fast online application and verification process of Axis Bank saves your time and effort.

What is the IndianOil Axis Bank Premium Credit Card?

The IndianOil Axis Premium Credit Card is a special type of credit card for those who often spend money on petrol. It is offered by Axis Bank in association with IndianOil, which is India’s largest fuel provider.

This card helps customers save money every time they buy petrol or diesel at IndianOil petrol pumps. Apart from fuel savings, it also offers reward points, dining discounts, airport lounge visits, and other convenient rewards. It is a good choice for those who want to turn their daily fuel and shopping bills into savings and rewards.

How is the design of the IndianOil Axis Bank Premium Credit Card?

The IndianOil Axis Premium Credit Card has trendy and modern looks. The card has a streamlined look with dark background, and it gives an elite feel to the card. On the card’s front surface are prominently reflected the IndianOil and Axis Bank logos, highlighting the great association of the two organizations.

It even includes a chip for added security and allows you to make payments contactlessly, so you just tap the card against devices and pay with no hassle. All in all, the card’s design is superior and easy to use, so it’s convenient to carry and pay with pride.

What are the benefits of the IndianOil Axis Bank Premium Credit Card?

The key features are mentioned as follows:

1. Fuel Discounts

Earn 5% benefit in reward points on each purchase of fuel from IndianOil fuel pumps.

Avoid paying the fuel price each time you provide fuel to your vehicle or two-wheeler.

2. Reward Points

Earn EDGE Reward Points on all spend – not only on fuel but even grocery, shopping, bill payments, and so on.

The points can be redeemed to purchase fuel or gift vouchers from Axis Bank’s reward catalog.

3. Restaurant Discounts

Get discounts up to 15% at India’s partner restaurants by using Axis Bank’s Dining Delights Program.

4. Airport Lounge Access

Enjoy free entry into some domestic airport lounges in India every quarter, so your travel is always hassle-free.

5. Contactless Payments

The card comes with tap & pay technology for convenient, secure payments without swiping.

6. Waiver of Fuel Surcharge

Get a 1% rebate on fuel surcharge (additional charge on card transactions at fuel outlets) on IndianOil retail outlets – valid on spends between ₹200 and ₹5,000.

7. Easy Fee Waiver

The yearly fee can be waived off if you incur a defined expense every year – it is nearly free if you use it regularly.

8. EMI Facility

Convert your big-ticket purchases into easy monthly installments (EMIs) using the facility of Axis Bank.

9. Secure Usage

The card features an inbuilt chip for enhanced security and supports SMS/email alerts for all transactions.

What are the fees for the IndianOil Axis Bank Premium Credit Card?

Here is a simple breakdown of the IndianOil Axis Premium Credit Card fees.

Joining Fee	₹1,000 + GST
Annual Fee	₹1,000 + GST
Add-on Card Fee	No charges for additional cards for family members.
Finance Charges	3.6% per month (52.86% annually) on the outstanding balance if you don’t pay your bill in full.
Cash Advance Fee	2.5% of the amount withdrawn or ₹500, whichever is higher.
Late Payment Fee	For Statement Balance Less than Rs. 101 – Nil Rs. 101 – Rs. 500 – Rs. 150 Rs. 501 – Rs. 5,000 – Rs. 500 Rs. 5,001 – Rs. 20,000 – Rs. 750 Rs. 20,000 & above – Rs. 1,000

What are the criteria for getting an IndianOil Axis Bank Premium Credit Card?

1. Age Requirement:

You should be between 18 to 65 years of age.

2. Income Requirement:

Salaried Applicants: The minimum net monthly income is required; however, the bank fixes the amount, which can differ based on the applicant’s profile.

Self-Employed Applicants: A minimum ITR amount is needed; the bank fixes the specific amount and can differ with applicants.

3. Employment Status:

You should have a regular job or business with a fixed income source.

4. Credit Score:

A CIBIL score of 700 and above is preferred for sanction.

5. Residency:

You should be an Indian resident and have a valid address proof.

What documents are required to get an IndianOil Axis Bank Premium Credit Card?

The documents that you will have to submit to get an IndianOil Axis Premium Credit Card are as below:

Identity Proof	Aadhaar card, Passport, Voter ID, Driving license, PAN card
Address Proof	Utility bills like electricity, water, etcRent agreement, Bank statement, or passbook with your address
Income Proof	Salary slip for the last 3 months, if you are a salaried employeeBank statement for the last 3 monthsITR for self-employed persons
Photograph	The latest passport-sized photograph

Where can the IndianOil Axis Bank Premium Credit Card be used?

Here is the list of places where you can use it:

With the IndianOil Axis Premium Credit Card, you can shop for clothing, electronics, accessories, and more at almost every retail outlet, shopping mall, and e-shopping website.

You can also use it on websites like Amazon, Flipkart, etc., and also make bookings on websites like MakeMyTrip, Yatra, etc.

You can use the card to pay for your meals in restaurants, cafes, and fast food outlets.

You can use it to book flight, train, or bus tickets, as well as to pay for taxi, Uber, Ola, or hotel bookings.

You can use your credit card to pay electricity and water bills, mobile bills, and internet services.

You can use your IndianOil Axis Premium Credit Card to pay for expensive items such as electronics or appliances through easy monthly installments (EMIs).

What is the credit limit of the IndianOil Axis Bank Premium Credit Card?

The credit amount you can spend is what you are provided with an IndianOil Axis Premium Credit Card. It is based on your income, credit score, and other financial history when you are selected for this credit card by the bank.

For instance, if you have a credit limit of ₹50,000, you can spend up to that amount only. If you want to spend more than the limit, the bank will not consider it.

The actual credit limit varies with the person. A credit limit could be ₹30,000 for someone and ₹1,00,000 for another, or even more, considering his/her profile and financial background.

How do you apply for an IndianOil Axis Bank Premium Credit Card?

Apply it through both these modes:

Online Application Process:

Visit the official website of the Axis Bank, i.e.

Go to ‘Cards’, followed by ‘Credit Cards’.

On that page, you can see numerous options for credit cards issued by Axis Bank; for instance, you can choose the IndianOil Premium Credit Card.

Just hover your cursor on the IndianOil Axis Bank Premium Credit Card, followed by selecting ‘Apply Now‘ from there.

You will be asked to fill out your details, including your name, contact information, income details, and employment status.

Be accurate and updated with the information provided.

You are require to upload documents like your identity proof, address proof, income proof, and photograph, as per the list of documents mentioned above.

After filling out the details and uploading the documents, review your application to make sure everything is correct.

Apply online through the application form.

The bank will check your application after you submit it. They can ask for extra documents or information if required.

You will be inform about the status of your application, and if approve, your card will be deliver to you.

Offline Application Process:

You can walk into the nearest Axis Bank branch to apply for the IndianOil Axis Bank Premium Credit Card.

Request for the credit card application form of the IndianOil Axis Bank Premium Credit Card. They will provide you with the form and proceed accordingly.

Fill in the details in the application form wherever it is require. Care should be taken that all the information about personal details, income, and jobs provided by the applicant should be correct.

Along with the form, furnish the relevant documents. The list of documents includes Identity proof, Address proof, Proof of income, and pas photograph.

Your application will be process, and your information will be cross-check at the bank level.

In case of successful completion, the bank will sanction the credit card with a reply and forward it to the registered address.

You will receive the IndianOil Axis Bank Premium Credit Card by post at the same postal address.

Once you receive your card, you need to activate it by following the instructions given in the envelope, either through the Axis Bank Card website, mobile app, or by calling their customer service.

You must set your PIN (Personal Identification Number) for security purposes before you can start using your credit card.

Would getting an IndianOil Axis Bank Premium Credit Card in 2025 be right?

Yes, getting an IndianOil Axis Premium Credit Card in 2025 can be a good option if you require a credit card with great offers, especially for those who shop for lifestyle products. The reward is excellent and comes with the purchase of items such as jewelry. On top of that, the bank provides discounts and easy access to the EMI facility.

Axis Bank is also a strong bank with high customer service, so it is dependable. But don’t forget that you should make sure that you can handle your credit responsibly in terms of paying the bills and keeping your credit from exceeding its limit. Provided that you are stable in terms of income and you have good credit, it might be a very good option in 2025.

Conclusion

IndianOil Axis Bank Premium Credit Card is a nicely thought-out credit card that presents significant value to its users who have frequent outlays on fuel and other recurrent costs. Now, when fuel costs are high and the budget every month remains limited, the card keeps your wallet heavy at least during petrol refilling occasions for car and bike, with every such fill. With a 5% value return on fuel as reward points, this card is designed to provide relief to office-goers, regular commuters, and all those who commute in their vehicle.

But the advantage of this Credit card is not restrict to petrol alone. It earns EDGE Reward Points on other spends such as groceries, utility bills, shopping, and online spending as well. These points can be easily redeem for petrol or numerous other convenience items from Axis Bank’s rewards booklet. This implies that you not only get to spend your money, but you also earn rewards and save money simultaneously.

The second major advantage of the IndianOil Axis Bank Premium Credit Card is the free airport lounge facility all over India. The service provides a smooth and hassle-free journey if you travel a lot. Restaurant discounts add a convenient and affordable flavor to your meals. Additionally, the contactless payment facility simplifies your transaction, makes it hassle-free, and safe.