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Axis Bank

Indian Oil Axis Bank

VisaRuPayEntryCashback
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Annual Fee

₹500

Reward Type

Cashback

Forex

3.5%

Lounge

0 dom · 0 intl

Full Spec Sheet

Multi-source Verified

Fees

Joining Fee₹500
Annual Fee₹500(waived ≥ ₹50,000)
Min Monthly Income₹15,000

Rewards

Reward TypeCashback
Base Rate1%
Point Value₹1/point

Category Multipliers

non fuel1%iocl fuel4%(cap ₹400)

Redemption Values

statement credit₹1/pt

Travel & Global

Forex Markup3.5%
Domestic LoungeNone
Intl. LoungeNone

India-Specific

Fuel Surcharge✓ 1% waiver
RuPay UPI✓ UPI cashback

Similar Cards

HDFC IndianOil (90%) →ICICI HP Power+ Fuel (87%) →IndianOil RBL Bank XTRA Credit Card (87%) →IndianOil RBL Bank Credit Card (85%) →ICICI HPCL Coral (84%) →

💡 Fee Waiver Strategy

Spend ₹50K to waive fee. Rupay variant available.

⚖️ Breakeven Analysis

To recover the ₹500 annual fee at the base reward rate of 1%, you need to spend ₹50,000 annually.

🎯 Pro Tips

  • ▸Best if you fill fuel at IOCL stations regularly
  • ▸4% fuel surcharge waiver + 4% cashback = great fuel savings

📊 Spend Profile Simulator

Spend Profile Simulator

Net Annual Value

+₹13,300

Effective Rate

1.1%

Ranked #51 of 173 cards#51

₹500 annual fee deducted from gross rewards value.

🏷️ Best For

fuelco-branded