IndianOil Axis Bank Premium Credit Card

Indian Oil Axis Bank Premium Credit Card offered by Axis Bank is one of the many credit cards provided by the bank that offer value to customers.

This credit card consists of several exclusive benefits, interesting features and attractive fees and interest rates. On this page you will find all the required details such as eligibility criteria, benefits, and fees.

Updated On - 05 Sep 2025
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Exclusive Benefits under Indian Oil Axis Bank Premium Credit Card

Exclusive benefits offered by the bank for the credit card are as follows:

  • Welcome Benefit - 500 EDGE MILES are rewarded on your first spend within 30 days of card issuance.
  • Rewards at Indian Oil Fuel Outlets - Six EDGE MILES can be gained on every Rs.150 spent at any IOCL fuel outlet in India. Transactions up to Rs.15,000 per month should be made to be eligible for the offer.
  • Rewards for Grocery and Supermarket Spends - Two EDGE MILES can be earned on every Rs.150 spent on grocery and supermarket shopping. Transactions up to Rs.5,000 per month should be made to earn up to 33 EDGE MILES.
  • Fuel Surcharge Waiver - 1% unlimited fuel surcharge waiver on fuel purchase at all IOCL fuel outlets across India. GST charged on fuel surcharge is non-refundable.
  • Earn EDGE MILES - One EDGE MILE can be earned for every Rs.150 spent. The EDGE MILES will be directly credited in your account
  • Spend-based Waiver - Transactions up to Rs.1 lakh should be made in an annual year to be eligible for an annual fee waiver.
  • Discounts on Zomato - 30% discount is offered on Zomato food delivery app by using the coupon cord AXISIOCL. The offer is applicable for orders above Rs.200 and can be used twice a month. The maximum discount is capped at Rs.150 per order.
  • Lounge Access - Two complimentary lounge access per quarter at certain domestic airports.
  • Dining Delight - 25% off is provided by Axis Bank Dining Delights through EazyDinner. The maximum discount is capped at Rs.800 per order and the offer can be used twice a month.
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Fees and charges of Indian Oil Axis Bank Premium Credit Card

The fees and charges to avail the credit card are as follows:

Category

Fees & Charges

Joining and Annual fee

Rs. 1000 + GST (Annual fee can be waived off on spends above Rs.1 lakh)

Add-On Card fee

No charge

Cash Withdrawal fee

2.5% on the amount withdrawn (Minimum amount charged is Rs.500)

Financial Charges - Interest

3.6% (52.86% annually)

Late Payment Charges

  1. Zero, if the outstanding amount is less than Rs.500
  2. Rs. 500 is charged, if the outstanding amount is between Rs.500 and Rs.5,000
  3. Rs.750 is charged, if the outstanding amount is between Rs.5,000 and Rs.10,000
  4. Rs.1,200 is charged, if the outstanding amount is above Rs.10,000

Return Payment Charge

2% of the payment amount (Minimum – Rs.450 and Maximum is Rs.1,503)

Fuel Transaction Charge

1% + GST of Transaction Amount Surcharge is refunded for spends only at IOCL fuel outlets

Rent Surcharge

1% + GST capped at Rs.1,500 per transaction will be applicable on each rental transaction

Over Limit Charge

2.5% of the over limit amount (Minimum Rs.500, excluding fees, charges and taxes)

Statement request

No charge (beyond three months)

Reissuing of lost/stolen card fee

No charge

Foreign Currency Transactions

3.50% of the transaction value

Dynamic Currency Conversion Markup

  1. 1% + GST is applicable for each international transaction made with Indian currency at international locations
  2. 1% + GST is applicable for transactions made in Indian currency with merchants located in India but are registered in a foreign nation

Cash Deposit Fee

Rs.100 per deposit

Reward Redemption Fee

No charge

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Eligibility Criteria

The eligibility criteria for availing an Indian Oil Axis Bank Premium Credit Card are as follows:

  1. The primary card holder should be between 18 and 70 years of age
  2. The applicant should be an Indian resident

Required Documents

The required documents to avail an Indian Oil Axis Bank Premium Credit Card are as follows:

  1. PAN Card photocopy or Form 60
  2. Income proof (Latest pay slip/Form 16/ IT returns)
  3. Residence proof (Electricity bill/ landline telephone bill/ driving license)

FAQs on IndianOil Axis Bank Premium Credit Card

  • What is the joining fee and annual fee to avail an Indian Oil Axis Bank Premium Credit Card?

    The joining fee and annual fee charged is Rs.1,000 + GST. However, annual fees can be waived off on spends above Rs.1 lakh.

  • What are the eligibility criteria to avail an Indian Oil Axis Bank Premium Credit Card?

    The applicant must be an Indian resident and between 18 and 70 years of age.

  • Is complimentary lounge access provided under Indian Oil Axis Bank Premium Credit Card?

    Yes, two complimentary lounge access per quarter at certain domestic airports is provided under Indian Oil Axis Bank Premium Credit Card.

  • What are the required documents to avail an Indian Oil Axis Bank Premium Credit Card?

    PAN Card photocopy or Form 60, income proof and residence proof are the required documents to avail the Indian Oil Axis Bank Premium Credit Card.

  • What is the fee charged for foreign currency transactions under Indian Oil Axis Bank Premium Credit Card?

    3.50% of the transaction value is charges for foreign currency transaction under Indian Oil Axis Bank Premium Credit Card. 

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