All cards / Axis Bank
IndianOil Easy Axis Bank Credit Card
The fixed-deposit-backed version of the IndianOil Axis Bank card, for first-time borrowers who drive regularly and want to build a credit history without income proof. Axis's FD-card page lists it with nil joining and annual fees and the same 4% value back at IndianOil pumps as the unsecured card. It is only open to people who have never held a credit card.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
0.2%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to applicants who clear the standard eligibility bar whose spend is concentrated in fuel. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 0.2% base rate
- Reward redemption: EDGE REWARD points are redeemed on the Axis EDGE REWARDS catalogue at about ₹0.20 per point
Benefits by category
- 🛍️ Shopping
1% reward rate (capped ₹50/monthly)
- ⛽ Fuel
4% reward rate (capped ₹200/monthly) · 1% fuel surcharge waiver at IndianOil outlets, up to ₹50 per statement cycle
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Employment: salaried, self-employed
Fees & charges
- Rewards redemption fee: ₹99 per redemption on the EDGE REWARDS platform
- Foreign currency markup: 3.5%
- Interest rate: 3.4% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waiver at IndianOil outlets on ₹400–₹4,000 transactions, up to ₹50 per statement cycle
- Cash advance charges: 2.5% of the cash amount (minimum ₹500)
Benefits
- Up to 1,250 EDGE REWARD points on the first fuel transaction
- 4% value back (20 EDGE REWARD points per ₹100) on fuel at IndianOil outlets, on up to ₹5,000 of fuel spend a month
- Secured against a fixed deposit (minimum ₹15,000). The limit is up to 80–90% of the FD, and the FD keeps earning interest.
- 1% fuel surcharge waiver at IndianOil outlets, up to ₹50 per statement cycle
Pros
- + Nil joining and annual fee in Axis's current FD-card journey
- + 4% value back at IndianOil outlets, the same rate as the unsecured IndianOil Axis card
- + No income proof or credit score needed: an FD of ₹15,000 or more secures the limit
- + The FD keeps earning interest while it backs the card
Cons
- − Only for people who have never held a credit card
- − Fuel rewards are limited to IndianOil outlets and ₹5,000 of fuel spend a month
- − About 0.2% back on general spends, and the credit limit is tied to the size of your FD