Credit Card Compare

IndianOil Axis Bank Premium Credit Card

Data last updated 23 October 2026
45.00%
Purchase rate
₹1,000
Annual fee
500
Bonus points
Application

CardIQ

58Good

Good

Overall score, out of 100 · How this works

  • Airport lounge63
  • Rewards65
  • Sign-up bonus44
  • Travel58

Customer reviews

No reviews yet. Be the first to review the IndianOil Axis Bank Premium Credit Card.

Pros & cons

What's good

  • 500 bonus points to start, worth around ₹500 at our ₹1-per-point valuation.
  • Complimentary airport lounge access (8 visits a year).
  • No fee to add an additional cardholder.

Worth noting

  • ₹1,000 + GST joining fee in year 1; same ₹1,000 + GST annual fee from year 2. GST is additional (not included in stated amount). Annual fee waived if cumulative spends ≥ ₹30,000 in the anniversary year (Rent and Wallet load MCCs excluded from waiver calculation).
  • The 0.04-point rate on fuel spends at IndianOil (IOCL) outlets, up to ₹15,000 per month applies only to the first ₹15,000 spent each month, then drops to a lower rate.

Card details

The basics

Additional cardholder fee
₹0 p.a.
Card tier
Platinum
Card type
Not published
Card use
Personal
Credit limit
Not published
Credit rating
Not published
Rewards program
Axis Bank EDGE Miles

Eligibility

Instant approval
Not published
Joint application
Not published
Minimum age
18 years old
Minimum income
Not specified
Residency
Resident of India
Temporary residents
Not published

Rates & fees

Ongoing interest rates

Cash advances
Undisclosed
Purchases
45.00% p.a.

Fees

Additional cardholder fee
₹0
Annual fee
₹1,000 p.a.
Cash advance fee
2.5% of the amount
Foreign transaction fee
3.5%
Late payment fee
₹1,300
Over limit fee
₹500

Repayments

Interest-free period
Not published
Minimum repayment
Minimum Amount Due (MAD) as per Axis Bank Cardmember Terms & Conditions

Balance transfers

This card has no promotional balance transfer offer. To move existing debt to a lower rate, compare balance transfer cards.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

Earn rate

Everyday spend
None
Bonus categories
None
Other purchases
None
Overseas spend
None
Reduced rate above monthly cap
None
Points cap
Uncapped
Points expiry
EDGE Miles forfeited 30 days after card closure or if minimum amount due is outstanding for more than 90 days.

Sign-up bonus

Bonus spend required
First spend within 30 days of card issuance
Sign-up bonus
500 points

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

Purchase rate45.00%Top 10% (4th of 49 cards)
Overseas fee3.50%Better than most (14th of 49 cards)
Annual fee₹1,000 a yearMiddle of the market (30th of 49 cards)
Sign-up bonus₹500Not as good as most cards (16th of 22 cards)

Data as at October 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Questions and answers

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Sources

Credit Card Compare
How CardIQ scores cards
Issuer
Axis Bank