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| Monthly Spend | ₹5K | ₹10K | ₹20K | ₹50K | ₹100K |
|---|---|---|---|---|---|
| Net Reward Yield | 0.3% | 0.3% | 0.3% | 0.4% | 0.4% |
| Est. Monthly Reward (₹) | 10 | 30 | 60 | 180 | 370 |
| All-India Rewards Rank* | 122 | 179 | 242 | 297 | 301 |
| Within Bank Rank* | 11 | 17 | 21 | 24 | 25 |
| * Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here. | |||||
The IndianOil Axis Bank Credit Card gives 4% effective reward on fuel transactions at Indian Oil fuel stations, 1% on online shopping and 0.20% on all other spending.
We estimate this card has a net reward yield of 0.3-0.4% on all spending with the card in a month, making it a below average card for Axis Customers. However, Axis Bank offers many credit cards that give you higher rewards than the IndianOil Card.
The ACE Credit Card is the best credit card from Axis Bank for nearly everyone. We estimate most people will get net reward yield of 2.3% using this card for all their spending.
Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.
| Card | IndianOil Axis Bank Credit Card |
|---|---|
| Card Type | Reward |
| Reward Features | 20 Rewards points / ₹100 on IOCL Fuel Outlet
5 Rewards points / ₹100 on Online Shopping 1 EDGE Rewards points / ₹100 on all other spends |
| Milestone Rewards | Nil |
| Other Rewards | – 15% discount at all partner restaurants with Axis Bank Dining Delights
– 10% discount on movie tickets booked via BookMyShow app or website |
| Rewards Redemption Fee | ₹99 |
| Reward Caps | Unlimited |
| Preferred Redemption Method | Convert Fuel Points to IndianOil XTRAREWARDS Points (XRP) for buying Fuel @₹ 0.96 / Fuel Points |
| Card | IndianOil Axis Bank Credit Card | |
|---|---|---|
| Joining Fee | ₹500 + Taxes | |
| Annual Fee | ₹500 + Taxes 2nd Year Onwards |
|
| Min. Annual Credit Card Spend for Fee Waiver |
₹50,000 | |
| Income Criteria | Salaried | N/A |
| Self-employed | N/A | |
| Supplementary Card Fee | Free | |
| Interest Rate | 52.86% p.a. | |
| Foreign Currency Markup | 3.50% | |
| Cash Advance Charge | 2.50% with a minimum of ₹500 | |
Questions? Suggestions? See a mistake? Write to us!
Our analysis of 100s of flights shows that miles from international airlines are worth much less in India that they are globally, between 16-54% less. Their value in India is between ₹0.50/mile for the Etihad to ₹0.80/mile for BA & SQ.
2 Free Movie / Stream / Play / Events / Sports / Activities tickets up to ₹250 each and ₹100 off on F&B Spends on BookMyShow tickets.
8 reward points / ₹400 on bill payments & education and 1 point on all other spends. Fuel surcharge waiver of up to ₹100 per month.
