AXIS

IndianOil Axis Bank Premium RuPay Credit Card

Good for frequent travelers earning .

AXIS RUPAY

IndianOil Axis Bank Premium RuPay

Should you get this?

Conditional fit

Verified

Why this card

Up to 6 EDGE Miles / ₹150 on IndianOil
2 per quarter domestic lounge.
You spend on indianOil.

Issuer evidence · 4 sources →

Trade-off

The annual fee (₹1,000) is waived only when eligible annual spend exceeds ₹30,000.

Annual fee ₹1,000 per year

Rewards 1 EDGE Miles / ₹150

Lounge access 2 per quarter · ₹50,000 spend in the previous 3 calendar months

Forex markup 3.5% high

Compare with HDFC Bank Tata Neu Infinity RuPay →

Similar tier comparison

What it costs to get, and to keep

Joining vs renewal

First year

₹1,000joining fee

From year 2

₹1,000renewal fee

Waived above ₹30,000 eligible annual spend

Welcome offer

500 EDGE Miles on first transaction within 30 days

500 EDGE Miles welcome bonus

Qualification and fulfilment conditions apply

Rewards

Earning rules

Detail · from the summary above

General spend1 EDGE Miles / ₹150Credited as reward points—

IndianOil (domestic)6 EDGE Miles / ₹150Credited as reward points600 EDGE Miles per month; at 6 EDGE Miles / ₹150, this lane reaches the cap at ₹15,000 of eligible spend

Redemption value

What an EDGE Mile is worth

Fuel₹1 / pt

How to avoid the annual fee

Spend threshold for waiver

Above ₹30K annual eligible spend required for the waiver

Above ₹30K eligible annual spend waives the fee

Reward reality — the earning-rate detail behind the numbers above

Reward reality

Conclusion · what you actually get

Eligible spend

1 per ₹150 on eligible spend

Verified value

₹1 per point

Fuel

Best verified lane

IndianOil (domestic)

6 / ₹150

View bonus categories →

Caps

IndianOil (domestic)600 EDGE Miles per month
Why?
at 6 EDGE Miles / ₹150, this lane reaches the cap at ₹15,000 of eligible spend

View full earning rules →

Realisation

Credited as reward points

Costs & fees

Spending requirements

Spend gates · caps · milestone thresholds

Annual fee waiver₹30,000yearAnnual fee waiver

Domestic lounge spend gate₹50,000quarterLounge eligibility

Watch outs

Before choosing this card

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

Estimated usage

Example usage at this monthly spend

₹

At this monthly spend, you'd earn: Based on the standard earn rate (1 EDGE Miles / ₹150). Up to ~330 EDGE Miles/month if the entire spend qualifies. Excluded transactions and category rules earn less. Partner bonuses aren't included.
Worth ~₹330 at the conservative redemption floor
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

Issuer documented · single source · verify on issuer site

Where to verify

Operator-verified anchor
International (cardholder): Not included on base card No international lounge access.

Issuer documented · single source · verify on issuer site

Where to verify

Operator-verified anchor
Guest access: Guests: paid access
Axis domestic lounge access program , opens external site
IndianOil Axis Bank Premium T&C , opens external site

Rewards

Base earn: 1 per ₹150 value depends on redemption
Effective return (honest floor): ~0.667% base (conservative redemption) Conservative redemption floor; best documented path is not ranked on.
Headline point value: ₹1.00 per Issuer headline channel — full channel grid in Redemption value.

Fees & charges

Fees

Monthly interest rate: 3.75% / month
Annual fee: ₹1,000
Joining fee: ₹1,000 · verified 3 Sept 2026
Fee waiver spend: Above ₹30,000 · verified 3 Sept 2026 Annual fee waived on eligible anniversary-year spend above ₹30,000.
Interest-free period: Up to 50 days · verified 7 Jul 2026

International Use

Forex markup: 3.5%

Issuer documented · single source · verify on issuer site

Where to verify

Operator-verified anchor
Product tier: Mid-tier

Travel & perks

Fuel Benefits

At the pump

1% fuel surcharge waived.

Fine print & compare

Compare with similar cards

Similar tier · similar benefits

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Axis Bank IndianOil Axis Bank Premium RuPay

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Axis Bank IndianOil Axis Bank Premium RuPay

IDBI Bank Winnings RuPay Select

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Axis Bank IndianOil Axis Bank Premium RuPay

Kotak Mahindra Bank Mojo Platinum

The fine print

Caps · exclusions · earning · redemption · last refresh

Caps & limits

IndianOil cap: 600 EDGE Miles per month; at 6 EDGE Miles / ₹150, this lane reaches the cap at ₹15,000 of eligible spend.

Latest update

Annual fee: ₹1,000.
Forex markup currently listed at 3.5%.
2 per quarter domestic lounge · ₹50,000 spend in the previous 3 calendar months.

Common questions

From verified card facts

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 above ₹30,000 annual spend. Verify eligible spend exclusions before counting on it.

When do welcome benefits arrive?

500 EDGE Miles on first transaction within 30 days. Included items: 500 EDGE Miles welcome bonus — First transaction within 30 days of issuance; no minimum spend. Timing may depend on joining fee payment, card activation, first eligible transaction, or issuer processing.

Learn

Learn more

Guides matched to this card — not a random syllabus.

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