Best Credit Card for Fuel

All Benefits

  • 6X EDGE Miles per ₹150 at IndianOil (IOCL) fuel outlets (up to ₹15,000/month
  • 30% off on Zomato, max ₹150, twice a month, code AXISIOCL
  • 2 complimentary domestic airport lounge visits per quarter (8/year)
  • Wednesday Delight: up to 15% off flights & hotels via MakeMyTrip, 10% off on Swiggy, and 10% off up to ₹1,000 on Tira

Fees

Joining Fee Get 500 EDGE Miles worth ₹500, credited on your first transaction made within 30 days of card issuance
₹1,180
₹1,000 + GST
Annual Fee The annual fee is waived if you spend ₹30 thousand or more in a year on your card, as per bank policy
₹1,180
₹1,000 + GST

Eligibility

Age
18-70 years
Salary
₹25K / Month
Credit Score
720+

Bank Fee Structure

Forex Markup 3.50% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency Examples (3.5%): ₹100 → ₹3.50 ₹1,000 → ₹35 ₹10,000 → ₹350 ₹1,00,000 → ₹3,500
3.5%
Finance Charges (APR) Finance charges of 3.75% per month 45% per annum apply on unpaid outstanding balances until the amount is fully repaid
3.75%
ATM Withdrawal 2.50% of the withdrawn amount is charged on cash advances using the credit card minimum ₹500, if applicable
2.5%
Reward Redemption No fee is charged when redeeming reward points on this card
Not Applicable
Railway Surcharge A surcharge of 1% is applied to transactions made for booking railway tickets
1%
Rent Payment A surcharge fee of 1% applies on rental transactions made using the credit card
1%
Cheque Payment A fee of 2% of the payment amount is levied for cheque return, cheque dishonour, or auto-debit reversal minimum ₹450
2%
Cash Payment A fee of ₹175 is charged for payments made by depositing cash at a bank branch
₹175

Late Payment Charges

Amount dueFee
₹0 - ₹500₹0
₹501 - ₹5000₹500
₹5001 - ₹10000₹750
Above ₹10000₹1200

Additional ₹100 is charged if Minimum Amount Due remains unpaid for two consecutive cycles, continuing until cleared

Reward Exclusions

Utility BillsTelecomEducationRentWallet LoadGovernment ServicesInsuranceGoldJewelleryFinancial InstitutionsCash AdvanceRepaymentsTransportationsTollsFuel (non IOCL)

Terms & Conditions

  • The bank may offer a different card variant based on your eligibility; please carefully review the features and benefits of the card offered before submitting your application
  • A minimum transaction of ₹100 within 30 days of card issuance is required to activate the card, failing which you will not be eligible for rewards

Full charges and terms: Bank MITC / Terms