# IndianOil Axis Bank

Axis Bank · RuPay. ₹500 fee · 3.5% forex · 1 RP / ₹100 (0.2%).

✓ official · checked 16 July 2026 · Source: https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/terms-and-conditions-indian-oil-credit-card.pdf

## How it earns (3)

- 1 RP / ₹100 (0.2%) · verified · checked 3 July 2026
- 20 RP/₹100 at IOCL = 4% at ₹0.20/RP · only txns ₹400 to ₹4,000, cap 1,000 RP/mo · past the cap IOCL fuel earns 0, and non-IOCL fuel earns 0 · cap 1,000 points per month · ✓ official · checked 16 July 2026
- 5 RP/₹100 online purchases (1% @ ₹0.20) · online · verified · checked 3 July 2026

## On gift vouchers

- Gift vouchers earn nothing on this card.

Worked out on a ₹10,000 voucher with no deal running. Card data current to 21 October 2026.
Every card on vouchers: https://voucher.getbrief.cards/best-cards-for-vouchers

## What earns nothing (2)

- No EDGE RP on gift card purchases or wallet loads
- No EDGE RP: insurance, jewellery/gold, wallet, rent, utilities, govt, quasi-cash · education is not excluded · tolls from 28 Aug 2026

## Fees

- Annual fee: ₹500 + GST
  Waived at ₹3,50,000 spend per card year
- Forex markup: 3.5%
- DCC markup: 3.5%
- Earns: Axis EDGE Reward Points (entry catalogue) · ₹0.2 a point at baseline

## Dated changes (3)

- Devaluation · 28 August 2026: Axis cards earn nothing on gift card purchases (https://getbrief.cards/changes#axis-giftcard-aug26)
- Devaluation · 28 August 2026: Axis Bank portfolio revision, 28 Aug 2026: tolls stop earning, DCC markup rises, late fees up (https://getbrief.cards/changes#axis-portfolio-2026-08-28)
- Fee change · 20 June 2025: IndianOil Axis fee-waiver threshold hiked 7× (https://getbrief.cards/changes#ioa-waiver-2025)

Every change, dated: https://getbrief.cards/changes

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Fees are before GST. A rate that has aged says so. Brief is not a financial adviser and takes no fee from any bank for the order of this page.

All cards: https://getbrief.cards/cards
Canonical: https://getbrief.cards/cards/axis-indianoil