Axis BankIndianOil Axis
Axis Bank ·
IndianOil Axis
Joining ₹500 · Annual ₹500 · First year free. Axis prints the later waiver at ₹3,50,000 in a card anniversary year, with rent and wallet loads not counted
Fee break-even: ≈₹2,50,000/yr through this card at its base rate. Below that, the fee eats the rewards.
Earns EDGE Reward Points · assumed 0.2 ₹/point. 1 EDGE point = ₹0.20 on Axis's own EDGE redemptions, the value we hold across all Axis EDGE cards
Verified 16 Aug 2026Forex markupNot stated, assume 3.5%
EMI₹299 plus GST below ₹50,000, ₹599 plus GST at ₹50,000 and above processing fee · A converted purchase stops earning rewards · The fee is charged on every conversion, Axis prints no interest rate on the card page
Fuel surcharge1% waived on ₹400 to ₹4,000 transactions at any pump, capped at ₹50 a statement cycle
Return by category
| Category | Return | Notes |
|---|---|---|
| Online spend | 1% | 5 points per ₹100 on the first ₹5,000 a month, and only transactions between ₹100 and ₹5,000 count · Axis words it as online shopping |
| Amazon | 1% | Uses its online rate |
| Flipkart | 1% | Uses its online rate |
| Subscriptions & OTT | 1% | Uses its online rate |
| Offline spend | 0.2% | Base rate |
| UPI spending | 0.2% | Base rate |
| Dining | 0.2% | Base rate |
| Swiggy | 0.2% | Base rate |
| Zomato | 0.2% | Base rate |
| Groceries | 0.2% | Base rate |
| Quick commerce | 0.2% | Base rate |
| Swiggy Instamart | 0.2% | Base rate |
| Blinkit | 0.2% | Base rate |
| BigBasket | 0.2% | Base rate |
| Movies & shows | 0.2% | Base rate |
| BookMyShow | 0.2% | Base rate |
| PVR INOX | 0.2% | Base rate |
| Fuel | 4% | 20 points per ₹100 on the first ₹5,000 of fuel a month, about ₹200 back at most · IndianOil outlets only, other pumps earn the base rate |
| Travel (general) | 0.2% | Base rate |
| Flights | 0.2% | Base rate |
| Hotels | 0.2% | Base rate |
| MakeMyTrip | 0.2% | Base rate |
| IRCTC rail | 0.2% | Base rate |
| International | −3.3% | 0.2% reward − 3.5% forex markup |
| Utilities & bills | 0.2% | Base rate |
| Rent | 0% | Rent earns nothing and does not count toward the fee waiver |
| Education fees | 0.2% | Base rate |
| Insurance premiums | 0.2% | Base rate |
| Government & tax | 0.2% | Base rate |
| Wallet loads | 0% | Wallet loads earn nothing and do not count toward the fee waiver |
| Anything else | 0.2% | Base rate |
| Jewellery | 0.2% | Base rate |
Rates are the card's own published rates, before any spend profile. Add this card inMy cards to rank it against the rest of your wallet.
Also worth knowing
- Welcome: 100% of your first fuel transactions back as points, up to 1,250 EDGE points
- Up to 10% off movie tickets booked on BookMyShow
What we liked
- 4% back at IndianOil pumps with the first year's fee waived
- Welcome offer refunds your first fuel transactions as points, up to 1,250 of them
- 1% fuel surcharge waiver on top, at any pump
What to mind
- The 4% counts only the first ₹5,000 of fuel a month, about ₹200 back
- 0.2% everywhere else is as low as cards go
- The printed fee waiver threshold is ₹3,50,000, far above what this card's caps reward
Sources
Every figure above comes from the issuer's own pages and documents. Last verified 16 Aug 2026.