IndianOil Axis Bank Premium Credit Card

Annual feeJoining fee

₹1,000 + GST₹1,000 + GST; annual fee waived off on spends of ₹30,000 and above

Fee waiver rule

Spend ₹30,000 and above in an anniversary year to be eligible for annual fee waiver; ₹1000 + GST Annual fee waived off on spends of ₹30,000 and above

Add-on card fee

Add-on card Joining/Annual Fee Nil.

Welcome benefit

Enjoy Welcome Benefit Enjoy 500 EDGE MILES on your first spend within 30 days of card issuance

Reward rate

Earn 6 EDGE MILES on every ₹150 spent at any IOCL fuel outlet in India (transact up to ₹15,000 per month to avail the offer); earn 2 EDGE MILES on every ₹150 spent on Grocery & Supermarket spends (transact up to ₹5,000 per month to earn up to 33 EDGE MILES); uncapped base earn of 1 EDGE MILE on every ₹150 spent

Reward caps

At IOCL fuel outlets: transact up to ₹15,000 per month to avail the offer; continue to earn 1 EDGE MILE on every ₹150 spent for spends above ₹15,000 per month. On Grocery & Supermarket spends: transact up to ₹5,000 per month to earn up to 33 EDGE MILES; continue to earn 1 EDGE MILES on every ₹150 spent for spends above ₹5,000 per month

Domestic lounge access

Enjoy 2 complimentary lounge access per quarter at select domestic airports with your IndianOil Axis Bank Premium Credit Card.

Hotel or travel programme

Wednesday Delight: Instant savings of up to 15% on flights & hotels via MakeMyTrip

Dining programme

Enjoy exceptional dining experiences at top restaurants across India with the Axis Bank Dining Delights Program.

Fuel surcharge waiver

Fuel Surcharge Waiver: Get 1% unlimited fuel surcharge waiver on fuel purchases at all IOCL fuel outlets across; GST charged on fuel surcharge is non-refundable

Forex markup

3.5% on foreign currency transactions.3.50% of Transaction value

Dynamic currency conversion markup

3.5% + GST3.5% plus taxes on each international transaction performed in Indian currency at international location or with merchants registered in a foreign nation

Cash advance fee

2.5% on the amount withdrawn, Minimum ₹500

Interest on unpaid balance

3.75% per month (55.55% per annum)

Interest-free period

20 to 50 days interest-free when you pay in full.

Late payment fee

Nil if outstanding amount is less than ₹500; ₹500 if between ₹501 and ₹5,000; ₹750 if between ₹5,001 and ₹10,000; ₹1,200 if total payment due is ₹10,001 - ₹50,000; ₹1,300 if total payment due is greater than ₹50,000.

Over-limit fee

Over-limit Fees: 2.5% of Over-limit Amount (Min ₹500).

Payment return or dishonour fee

Cheque Return or Dishonour Fee or Auto Debit Reversal: 2% of payment amount; minimum ₹500.

Statement or duplicate statement fee

Duplicate Statement Fee: Waived

Card replacement fee

Replacement fee: Waived

Cash payment / cash deposit fee

Fees for Cash Payment at Branches: ₹175.

Education / school fee charge

Education Transaction Fee: 1% on each Education Payments made via third party apps for all Axis Bank credit cards.

Fee for paying the bill by cheque

Outstation cheque fee: Waived

Fee on online skill-based gaming spends

Online Skill-Based Gaming Transaction Fee: 1% on cumulative spends of ₹10,000 or more on online skill-based gaming platforms i.e. in a statement cycle.

Reward redemption fee

Nil

Wallet load charge

Wallet Load Transaction Fee: 1% on cumulative spends of ₹10,000 or more on wallet loads per statement cycle.

What the card's fee or benefit year means

Anniversary Year is the period of 12 months from the date of issuance of the card and every 12-month period thereafter

Fuel transaction fee

1% fee on cumulative spends of ₹50,000 or more on fuel transactions per statement cycle.

Rent transaction fee

Rent Transaction fee: 1% of each Rental Transaction Amount for all Axis Bank Credit Cards.

Utility transaction fee

Utility Transaction Fee: 1% on cumulative spends of ₹25,000 or more on utilities per statement cycle.

GST note

GST, as notified by the Government of India, is applicable on all fees, interest and other charges, and is subject to change as per relevant regulations of the Government of India

Grace days after the due date

Grace period of 3 days from the payment due date, where payments are not overdue; the customer must clear dues by the payment due date mentioned in the credit card Statement.

Minimum amount due

Sum of all instalments, all Fees, interest / finance charges, taxes, the amount utilized over the credit limit (if any) and 2% of remaining balance outstanding, subject to a minimum of ₹100

Age the primary cardholder must be

Primary Cardholder should be 18-70 years of age.

Eligibility

Primary Cardholder should be 18-70 years of age; the individual should either be a Resident of India.