What is the annual fee for the Axis Bank Indian Oil Premium?

The annual fee for the Axis Bank Indian Oil Premium is ₹1,000. It can be waived on annual spends of ₹1,00,000.

Does the Axis Bank Indian Oil Premium offer airport lounge access?

Yes — the Axis Bank Indian Oil Premium offers 8 domestic per year lounge visits.

What rewards does the Axis Bank Indian Oil Premium earn?

It earns 0.67% on eligible spends as EDGE Reward Points.

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Indian Oil Premium — Axis Bank Credit Card | Card Manager

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Axis

mid

•••• •••• •••• 0000

Indian Oil Premium

VISA

Indian Oil Premium

Axis Bank • Visa• Mid

Available onVisaRuPayUPI

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Annual Fee

₹1,000

Base Reward Rate

0.67%

Foreign Tx Fee

—

Tier

Mid

Joining Fee

₹1,000

Verified

2026-05-25

Airport Lounge Access

Domestic & international access details and eligibility criteria

domestic—

8 per yearmedium

⚠️ Activation: ₹50,000 per quarter

Max 2/qtr; ₹50K in prev 3 mo.

Earnings Projection

Estimate annual rewards based on your typical monthly spend

Other / General₹20,000/mo

+₹134

Dining₹5,000/mo

+₹34

Grocery₹8,000/mo

+₹106

Fuel₹3,000/mo

—

Travel₹5,000/mo

+₹34

Online Shopping₹8,000/mo

+₹54

Utilities₹3,000/mo

+₹20

Annual earnings

₹4,573

Blended 0.73% effective return

Monthly spend₹52,000

Monthly earnings+₹381

Estimates use this card's best matching rule per category. Caps applied where known. Milestones not included.

Notes

Replacement for IndianOil Citi card. 1% fuel surcharge waiver unlimited.

Benefits & Perks

Rewards

1 EDGE Reward Points ≈ ₹0.20–₹0.40 depending on redemption (cashback → flights/transfer).
value range
0.67% base reward rate on all eligible spends. 1 EDGE/₹150.
0.67%medium
Fuel: 4% — 6 EDGE Miles/₹150 (cap ₹15K spend/cycle).
4.0% · cap 15,000/momedium

Grocery: 1.33% — 2 EDGE/₹150 (cap ₹5K/cycle).

1.3% · cap 5,000/momedium

Forex

No forex markup configured.

Travel

domestic via direct: 8 per year — needs ₹50,000/quarter to activate
8/yearmedium

Payments

Joining fee: ₹1,000. Annual: ₹1,000.
₹1,000
Annual fee waived on spending ₹1,00,000 per year.
Spend ₹1,00,000