Axis BankGold

Axis IOCL Credit Card

•••• •••• •••• 4242

Tap to flip

Quick facts

Axis IOCL Credit Card

Top reward20 Edge Miles/₹100

Annual fee₹500

Min income₹25,000/mo

Tap to flip back

⛽Fuel Masters

Axis Bank · Gold tier

Axis IOCL Credit Card

IOCL fuel card

Best for Indian Oil fuel spenders.

Key Benefits

💳

20 Edge Miles per ₹100 on IOCL

🎁

Fuel surcharge waiver

⛽

4X on groceries

Annual fee

₹500

Top rate

20 Edge Miles/₹100

Min income

₹25,000/mo

Eff. return

0.11%

Realistic net value (moderate user): ₹534/year

After ₹500 fee & ₹630 forex. Based on ₹40,000/mo spend.

12,400 users matched · Verified 2026-06-12

We earn commission if approved — at no cost to you. Zero sales calls.

Our transparency promise

✓ Reward caps shown in absolute ₹ — not just "5% cashback"

✓ Exclusions listed upfront — fuel, EMI, rent, wallet

✓ Point conversions with conservative ₹/point rates

What You Actually Earn (in ₹)

Absolute INR estimates based on your spends. Caps and exclusions applied — no marketing fluff.

Gross rewards / year

₹1,664

Before fees & forex

Costs / year

₹1,130

Fee ₹500 + forex ₹630

Net value / year

₹534

0.11% effective return on spend

Category-wise breakdown

Fuel (IOCL only)

Spend ₹4,000/mo · 20 pts per ₹150 spend

₹1,280.00/year

₹106.67/mo

533 pts × ₹0.20 = ₹106.67/mo533 pts/mo @ ₹0.20/pt

Groceries

Spend ₹6,000/mo · 4 pts per ₹150 spend

₹384/year

₹32/mo

160 pts × ₹0.20 = ₹32/mo160 pts/mo @ ₹0.20/pt

Estimates assume eligible spends only (exclusions per issuer T&Cs apply). Point values use typical redemption rates — actual value varies by redemption choice. Bank approval and reward crediting is at issuer discretion.

Points → INR Conversion Guide

Marketing says "10X points" — here's what that actually means in your pocket.

fuel — 20 pts per ₹150 spend

You spend

₹5,000

→

You earn

667 pts

Worth ≈

₹133.33

@ ₹0.20/point

Capped at ₹5,000/month spend for accelerated rate

groceries — 4 pts per ₹150 spend

You spend

₹10,000

→

You earn

267 pts

Worth ≈

₹53.33

@ ₹0.20/point

Redemption reality: Point value varies — cashback redemption is typically lower than travel partner transfers. We use a conservative ₹0.20/pt in calculations. Points expire in 36 months if unused.

⛽Fuel Masters

BPCL, IOCL & surcharge waivers

Reward Structure

Source: Axis IOCL T&Cs

IOCL fuel

20 Edge Miles/₹100

Cap: ₹5,000/mo

Groceries

4X Edge Miles

Fuel surcharge

1% waiver

Example: ₹10,000/mo spend → ≈ ₹100/mo

Excluded categories (no rewards)

Non-IOCL fuelEMIRent

Best for

→ Indian Oil customers
→ Fuel + grocery combo spenders

Fees & Charges — Full Disclosure

All amounts in INR. Everything that can reduce your net value.

Joining fee

Charged in first year

₹500

Annual / renewal fee

Charged every year unless waived

₹500

Forex markup

3.5% on international transactions

Finance charges

≈3.5–3.75% per month (42–45% p.a.) if you revolve balance — pay in full to avoid

Late payment fee

₹400–₹1,300 depending on statement balance — always pay on time

Reward redemption fee

Usually ₹0 for cashback cards; points cards may have ₹99+ redemption fee

Example: moderate user net math

Gross rewards+ ₹1,664

Annual fee− ₹500

Forex cost− ₹630

Net annual value₹534

Eligibility Snapshot

Public criteria from Axis IOCL T&Cs. Bank makes final decision.

Minimum age21–60 years

Min income (salaried)₹25,000/mo

Min income (self-employed)₹6,00,000/year

Employment acceptedsalaried, self employed

Credit historyNo minimum stated

CIBIL checkBank checks at application — CardHungry never pulls your score

Secured optionUnsecured card only

Card tierGold — mid-tier mass premium

Important: These are indicative eligibility bands from issuer websites. Actual approval depends on the bank's internal score, existing relationship, and current portfolio policy. CardHungry shows bands, not guarantees.

FAQ

How much can I actually earn with Axis IOCL Credit Card?+

At moderate spend (₹40,000/mo), gross rewards are about ₹1,664/year. After the ₹500 annual fee, net value is approximately ₹534/year. Use the calculator above to model your own spends.

What is the minimum income for Axis IOCL Credit Card?+

₹25,000/month for salaried applicants (indicative — bank decides).

What spends do NOT earn rewards?+

Non-IOCL fuel, EMI, Rent.

Does CardHungry pull my CIBIL score?+

No. We use public eligibility criteria only. The bank will check CIBIL when you apply.