AXIS

IndianOil Axis Bank Premium RuPay Credit Card

Good fit when rewards, fees, and forex fit your spend pattern — ₹1,000 annual fee.

Top reasons to choose this card

  • 8 domestic lounge visits, spend-gated
  • ₹30K fee waiver

What you'd do with it

  • Works when a ₹1,000 annual fee is acceptable for the accelerated earn rates.
  • Useful for travelers who need around 8 domestic lounge visits a year.
  • Strong lounge access 2 per quarter domestic lounge
  • Supports UPI Supports UPI via RuPay network.
Suggested comparison Similar tier comparison Compare with HDFC Bank Tata Neu Infinity RuPay →
Choose another card to compare →
Annual fee ₹1,000 per year
Forex markup 3.5% high
Lounge access 2 per quarter
Rewards / ₹100 6 EDGE Miles up to · ₹150 on IndianOil

The catch Domestic: 2/quarter · requires ₹50,000 spend in the previous 3 calendar months. Domestic lounge cap is 8 visits per year.

  • Fee waiver available
  • Annual fee known
  • Forex markup known
  • 2 per quarter domestic lounge
  • Airport lounge list may change

At a glance

Snapshot · usage · fit

Fast facts

Annual fee
₹1,000 higher than 55 of 112 cards
Joining fee
₹1,000
Forex markup
3.5% the standard rate (matches 66 cards)
Lounge access
2 per quarter domestic lounge
Reward rate
Up to 6 EDGE Miles / ₹150 on IndianOil

Good fit for

  • Strong lounge access
  • Supports UPI

Still worth it?

Evidence-backed snapshot

Good fit if

  • Annual fee is relatively low at ₹1,000.
  • Fee waiver applies at ₹30,000 annual spend.
  • Use this when indianoil spends are your main use case and the reward cap still leaves enough value.

Verify before applying

  • Annual fee known
  • Fee waiver available
  • Forex markup known
  • 2 per quarter domestic lounge
  • Airport lounge list may change
  • Monthly interest known
  • Welcome benefit timing and claim process.
  • Lounge terms to verify: 2 per quarter domestic lounge. Verify spend criteria, guest rules, and airport list before relying on it.
  • Annual fee waiver terms and eligible spend exclusions.
  • Issuer fees, GST, finance charges, and late-payment terms.
  • Reward terms to verify: base earn is 1 points per ₹150. 6x IndianOil applies up to ₹15,000 per month, then 1 points per ₹150 applies. Still verify excluded categories and redemption rules.

Next best move

Open the ranking that matches your constraint, or compare this card with the closest alternative.

Compare with HDFC Bank Tata Neu Infinity RuPay Similar tier comparison Best Axis Bank credit cards See how this card compares within AXIS. Forex ranking (verified) Compared on verified forex markup, then annual fee. Lounge access shortlist Discovery list of cards with cardholder lounge access. Lounge ranking (verified) Compared on verified lounge access, then annual fee. Cards under ₹1,000 annual fee Lower-fee options in the current snapshot.

Is this good for lounge access?

2 per quarter domestic lounge. Check current spend criteria, guest rules, visit caps, and airport acceptance before relying on it.

Is this good for international spends?

Forex markup is 3.5%, so frequent international spends may be costly.

Is the annual fee easy to recover?

Fee waiver applies at ₹30,000 annual spend. Verify eligible spend exclusions before counting on it.

When do welcome benefits arrive?

No welcome benefit is listed. Check the issuer welcome email, MITC, and current offer page if this benefit matters.

Fees confidence: High Forex confidence: High Rewards confidence: High · issuer terms Lounge confidence: High Waiver confidence: High

Card facts refreshed 11 July 2026.

Spending requirements

Spend gates · caps · milestone thresholds
RequirementAmountPeriodUnlocksRealismStrength
Annual fee waiver₹30,000yearAnnual fee waivertrivialstrong
Lounge access spend gate₹50,000period not specifiedLounge eligibilitytrivialstrong

Watch outs

Before choosing this card
  • Forex markup is 3.5%, so frequent international spends may be costly.

Reward reality

Point value · limits · exclusions
Point valueNot published by issuer — varies by redemption
Base earn1 points per ₹150
Best verified laneIndianOil (domestic)6 EDGE Miles / ₹150
Limits/capsIndianOil (domestic): up to ₹15,000 per month; excess not counted unless source allows fallback

Reward rules

Structured earn rates · eligibility · caps when they bind
ScopeRateEligibilityLimit
IndianOil (domestic)6 EDGE Miles / ₹150—up to ₹15,000 per month; excess not counted unless source allows fallback
General spend1 EDGE Miles / ₹150——

Estimated usage

Example usage at this monthly spend

₹
  • At this monthly spend, you'd earn: Estimated using base earn (1 EDGE Miles / ₹150). ~330 EDGE Miles/month. Partner/category bonuses not included.
  • Fee waiver achievable at this spend
  • Forex cost ~₹1,750 per ₹50k international spend

Illustrative only, using current base rates and snapshot data.

Benefits & charges

Side-by-side facts
Benefits

Lounge Access

Domestic (cardholder)
2 per quarter — via Axis Bank lounge programme · verified 6 Jul 2026 Condition: ₹50,000 spend in the previous 3 calendar months

2 sources agree · verify issuer terms before applying

Where to verify
  • Axis official page
  • Operator-verified anchor
International (cardholder)
Not included International details not available.

2 sources agree · verify issuer terms before applying

Where to verify
  • Axis official page
  • Operator-verified anchor
Guest access
Guests: paid access
Axis domestic lounge access program
Axis domestic lounge access program
IndianOil Axis Bank Premium T&C
IndianOil Axis Bank Premium T&C

Rewards

Base earn
1 EDGE Miles / ₹150 value depends on redemption
Fees & charges

Fees

Monthly interest rate
3.75% / month
Annual fee
₹1,000
Joining fee
₹1,000
Fee waiver spend
₹30,000 Below catalog median waiver (₹2,00,000 vs ₹30,000).
Interest-free period
Up to 50 days · verified 7 Jul 2026

International Use

Forex markup
3.5%

2 sources agree · verify issuer terms before applying

Where to verify
  • Axis official page
  • Operator-verified anchor
Product tier
Mid-tier

Fuel Benefits

At the pump
  • 1% fuel surcharge waived.

Annual fee break-even math

When does this card pay for itself
₹30K yearly spend to waive the annual fee

Annual fee waiver applies at around ₹30K yearly spend.

Compare with similar cards

Similar tier · similar benefits
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Axis Bank IndianOil Axis Bank Premium RuPay
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HDFC Bank Tata Neu Infinity RuPay
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Axis Bank IndianOil Axis Bank Premium RuPay
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ICICI Bank MakeMyTrip
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Axis Bank IndianOil Axis Bank Premium RuPay
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IDBI Bank Winnings RuPay Select
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Axis Bank IndianOil Axis Bank Premium RuPay
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Kotak Mahindra Bank Mojo Platinum

The fine print

Caps · exclusions · sources · last refresh
  • Category cap: 600 RP per month · IndianOil
  • Annual fee: ₹1,000.
  • Forex markup currently listed at 3.5%.
  • 2 per quarter domestic lounge.

Learn more

Important

Data compiled from issuer and public information. Details may change — verify with issuer. Reference data, not financial advice.

Information updated 11 Jul 2026. moneymatters.cards Theme preferences are saved in this browser only.