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IndianOil Axis Bank Premium Credit Card
Visa
IndianOil Axis Bank Premium Credit Card
The step-up co-brand above the base IndianOil Axis Bank Credit Card, trading a higher ₹1,000 fee for a stronger fuel earn rate, spend-gated quarterly lounge access, and a Zomato discount — aimed at IOCL-loyal drivers who also want some lifestyle perks.
Rates and fees last verified 15 July 2026 · No bank pays us to rank higher.
Annual fee
₹1,000
Joining fee
₹1,000
Reward type
points
Base reward rate
0.67%
Card network
Visa
Card tier
Mid
Who this card fits
Best suited to applicants who clear the standard eligibility bar whose spend is concentrated in fuel, dining. Its annual fee waives if you can comfortably clear the spend threshold.
Benefits by category
- 🛒 Groceries
1.33% reward rate (capped ₹5,000/monthly)
- ✈️ Travel
Up to 8 complimentary domestic lounge visits/year (2/quarter), gated on ₹50,000 spend in the prior 3 months
- 🏨 Hotel
EDGE Miles redeemable 1:1 for IndianOil fuel or transferable to 15+ airline/hotel partners at 2:1
- ⛽ Fuel
4% reward rate (capped ₹15,000/monthly) · 1% fuel surcharge waiver, uncapped
Eligibility
- Employment: salaried, self-employed
- Age: 18–70
Benefits
- 500 EDGE Miles on the first transaction within 30 days of card issuance
- Up to 8 complimentary domestic lounge visits/year (2/quarter), gated on ₹50,000 spend in the prior 3 months
- 1% fuel surcharge waiver, uncapped
- 30% Zomato discount, twice a month (₹200 minimum order, ₹150 cap)
- EDGE Miles redeemable 1:1 for IndianOil fuel or transferable to 15+ airline/hotel partners at 2:1
Pros
- + Meaningfully higher fuel reward multiplier than the base IndianOil Axis card
- + Up to 8 complimentary domestic lounge visits/year, rare at this fee tier
- + Uncapped 1% fuel surcharge waiver
Cons
- − Fuel bonus caps out once ₹15,000 is spent at IndianOil in a month
- − Lounge access requires ₹50,000 spend in the prior quarter
- − No lounge or travel benefits outside IndianOil-branded perks