Axis Bank
IndianOil Axis Bank Credit Card
Data Verified
Last checked: 25 Feb 2026Best budget fuel card for regular IOCL customers who want decent rewards without a high annual fee.
An affordable fuel card offering 4% value back on IOCL fuel purchases, 1% fuel surcharge waiver, and bonus reward points on dining and grocery spending. Very low ₹500 annual fee.
FuelDiningGrocery
Annual Fee
₹500
Annual fee waived on ₹50,000 annual spend
Cashback
4%
Headline Rate
Forex Markup
3.5%
Standard Rate
Expert Verdict
"The IndianOil Axis Bank card strikes the right balance between fuel rewards and affordability. 4% on IOCL is solid, and the ₹50K waiver threshold is extremely easy to hit. The card also earns on dining and grocery, making it a reasonable daily driver. Verdict: Best low-cost fuel card for IOCL users."
Key Privileges
Welcome BenefitBonus IndianOil reward points on first transaction
Fee WaiverAnnual fee waived on ₹50,000 annual spend
Interest Rate (APR)42%
Min. Income₹2.5 lakh per annum
Start Application
Applying takes less than 5 minutes. You will need your PAN card and Aadhaar details handy.
Simplified Digital KYC
Instant Approval Check
Zero Physical Documentations
By clicking apply, you will be redirected to the official bank portal. FinanceMacha may earn a commission on successful approvals.
Eligibility Summary
- Min. Credit Score700
- Min. Income₹2.5 lakh per annum
- EmploymentSalaried/Self