IndianOil Axis Bank Premium
Axis Bank · Checked 2026-10-09
IndianOil Axis Bank Premium is a paid card focused on fuel savings, reward points and airport lounge access, charging ₹1,000 annually before GST.
CardIQ editorial view
Our take
IndianOil Axis Bank Premium is a paid card focused on fuel savings, reward points and airport lounge access, charging ₹1,000 annually before GST.
Who it suits
- People who prioritise fuel savings.
- People who prioritise reward points.
- People whose normal usage can recover the annual fee through relevant benefits.
Key strengths
- 6 EDGE MILES per ₹150 on eligible IndianOil fuel purchases.
- 1% surcharge waiver at IndianOil outlets; GST on the surcharge is not reversed.
- Up to 2 domestic lounge visits per quarter, subject to current issuer access and qualifying-spend conditions.
Trade-offs to understand
- 2 EDGE MILES per ₹150 on eligible groceries up to ₹5,000 monthly; 1 mile per ₹150 above that and on other eligible purchases.
- Up to 2 domestic lounge visits per quarter, subject to current issuer access and qualifying-spend conditions.
- The ₹1,000 annual fee plus GST needs to be justified by benefits you will actually use.
CardIQ verdict
It deserves a place on the shortlist when your normal spending makes 6 edge miles per ₹150 on eligible indianoil fuel purchases valuable enough to clear the fee. Factor in this condition: 2 EDGE MILES per ₹150 on eligible groceries up to ₹5,000 monthly; 1 mile per ₹150 above that and on other eligible purchases.
Compare before deciding
- BPCL SBI Card OCTANE — A higher-fee option to compare for broader benefits around reward points and airport lounge access.
- IDFC FIRST Power+ — A lower-fee way to compare similar strengths in reward points and airport lounge access.
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Benefits, limits and conditions
- Accelerated fuel earn applies up to ₹15,000 monthly fuel spend; spending above that earns 1 EDGE MILE per ₹150.
- 2 EDGE MILES per ₹150 on eligible groceries up to ₹5,000 monthly; 1 mile per ₹150 above that and on other eligible purchases.
- 1% surcharge waiver at IndianOil outlets; GST on the surcharge is not reversed.
- Up to 2 domestic lounge visits per quarter, subject to current issuer access and qualifying-spend conditions.