IndianOil Axis Bank Premium Credit Card 2025
Save up to ₹15,000+ every year on IOCL fuel, travel bookings, Zomato orders & lounge access!
If you fill fuel at IOCL outlets regularly and travel occasionally, the IndianOil Axis Bank Premium Credit Card is a solid premium fuel card!
You get 6 EDGE Miles per ₹150 (4% value back) on IOCL fuel up to ₹15,000/month, 1% unlimited fuel surcharge waiver at all IOCL outlets, 8 domestic lounge visits per year (2 per quarter), up to 10% off on Zomato (₹100/month), milestone vouchers worth ₹2,500 (₹1,000 on ₹1.5L + ₹1,500 on ₹3L quarterly spends), and ₹1,000 fee waived on ₹3.5 Lakh annual spend (or ₹50,000 for migrated users).
EDGE Miles redeem for fuel at IOCL (3:10 ratio = 1 mile = ₹0.83 fuel), travel via Travel EDGE, or airmiles/hotels – flexible for fuel & travel lovers!
Why This Is The Best Premium Fuel Card in 2025?
6 miles/₹150 on IOCL fuel (4% value) • 1% unlimited waiver • 8 domestic lounges/year • Zomato discounts (10% up to ₹100/month) • Milestone vouchers (₹2,500/quarter) • 2X miles on Travel EDGE • Fee waiver on ₹3.5L spend.
Best for: IOCL fuel users, occasional travelers, Zomato foodies, families with quarterly spends
Fee Waiver Offer – ₹1,000 Waived on ₹3.5 Lakh Annual Spend
Card At a Glance
₹1,000 + GST
₹1,000 + GST (Waived on ₹3.5L spend)
6 Miles/₹150 IOCL Fuel | 2 Miles/₹150 Others
1% Unlimited at IOCL
8 Domestic per year
3.5%
Complete Fees & Charges
| Particulars | Details |
|---|---|
| Joining Fee | ₹1,000 + GST |
| Annual Fee | ₹1,000 + GST (Waived on ₹3.5 Lakh spend) |
| Welcome Benefit | 500 EDGE Miles on first spend within 30 days |
| Rewards Redemption Fee | Zero |
| Foreign Currency Markup | 3.5% + GST |
| Interest Rate | 3.6% per month |
| Fuel Surcharge Waiver | 1% Unlimited at IOCL Outlets |
| Cash Advance Fee | 2.5% or ₹500 (whichever higher) |
Detailed Reward Rates (2025)
- 6 EDGE Miles per ₹150 on IOCL fuel up to ₹15,000/month (4% value back)
- 2 EDGE Miles per ₹150 on all other spends (1.33% value back)
- 4 Miles per ₹150 on groceries, utilities, department stores
- Redeem miles for IOCL fuel (3:10 ratio = 1 mile = ₹0.83 fuel), Travel EDGE bookings, airmiles/hotels
- Milestone: ₹1,000 voucher on ₹1.5L quarterly + ₹1,500 on ₹3L quarterly spends
- No rewards on wallet loads, rent, government payments
- 10% off Zomato up to ₹100/month (code: IOCLAXIS10)
Airport Lounge Access
8 complimentary domestic visits per year (2 per quarter)
No spend requirement • Valid at 35+ lounges in 22 cities (Delhi, Mumbai, Bangalore, etc.)
For cardholder + add-on cards
Insurance & Protection Benefits
- ₹1 Crore air accident cover
- Zero liability on lost card
- Up to 3 add-on cards free
Pros & Cons (Real User View)
| Pros | Cons |
|---|---|
| 6 miles/₹150 on IOCL fuel (4% value) | Only at IOCL outlets (not all give full rewards) |
| 1% unlimited waiver at IOCL | 3.5% forex markup |
| 8 domestic lounges/year | No international lounges |
| ₹2,500 quarterly vouchers | Fee waiver on high ₹3.5L spend |
| 10% Zomato discount + 500 welcome miles | No rewards on rent/wallet |
| Flexible mile redemptions |
Eligibility Criteria & Documents Required
- Age: 18–70 years
- Minimum Annual Income: ₹6 Lakh
- Credit Score: 700+ preferred
- Documents: PAN, Aadhaar, salary slip/ITR, bank statement
How to Apply Online (5-Minute Process)
- Visit Axis Bank website and select IOCL Premium Card
- Fill basic details → Get instant pre-approval
- Upload PAN, Aadhaar & income proof
- Video KYC (2–3 minutes)
- Card approved & dispatched in 7–10 days
Final Verdict – Should You Get It in 2025?
If you fuel ₹10,000+ monthly at IOCL and spend ₹1L+ quarterly, this card gives ₹10,000–₹15,000 value yearly from fuel rewards, waivers, lounges & vouchers. Best premium IOCL card for loyalists – apply if you stick to IOCL outlets!
Frequently Asked Questions (FAQs)
How to get 6 miles on fuel?
Swipe at IOCL outlets with Axis machine – up to ₹15,000/month; check for full rewards.
Is the waiver unlimited?
Yes, 1% at all IOCL outlets – no cap.
What are milestone vouchers?
₹1,000 on ₹1.5L quarterly + ₹1,500 on ₹3L quarterly spends (total ₹2,500/quarter).
Do miles expire?
Yes, 3 years from earning.
Zomato discount?
10% up to ₹100/month using code IOCLAXIS10.