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ValueHigh
VerdictTop Tier
VerifiedYes
Rating4.8/5
124 verified reviews
Executive Summary: The Axis Bank Indian Oil RuPay Credit Card by Axis Bank is a Fuel offering featuring 4% cashback. Key benefits include 4% value back on IndianOil fuel, Cheapest fuel card at ₹250/year. Most suitable for users seeking Best for budget-conscious drivers who...
Axis Bank
Axis Bank Indian Oil RuPay Credit Card
Data Verified
Last checked: 22 May 2026Best for budget-conscious drivers who refuel at IndianOil and want the cheapest possible fuel card with UPI compatibility.
India's most affordable fuel card at just ₹250/year, offering 4% value back on IndianOil fuel purchases, RuPay network benefits including UPI linking, and additional rewards on grocery and utility spends.
FuelGroceryUtilitiesUPI
Annual Fee
₹250
Annual fee of ₹250 (no waiver, but ultra-low)
Cashback
4%
Headline Rate
Forex Markup
3.5%
Standard Rate
Value Calculator
AI Powered
₹25,000
MinMax
Calculations are indicative based on the product's headline rates. Actual benefits may vary based on spend categories and credit profile.
Annual Savings
₹12,000
Based on your 4% cashback rate.
Expert Verdict
"At just ₹250/year, the IndianOil RuPay card is the cheapest fuel card in India. 4% on IOCL fuel means even ₹5,000/month fuel spend saves ₹200/month — paying back the annual fee in 2 months. Verdict: Best value-for-money fuel card for daily commuters."
Key Privileges
Welcome BenefitBonus reward points on first fuel transaction at IndianOil
Fee WaiverAnnual fee of ₹250 (no waiver, but ultra-low)
Interest Rate (APR)42%
Min. Income₹2 lakh per annum
Start Application
Applying takes less than 5 minutes. You will need your PAN card and Aadhaar details handy.
Simplified Digital KYC
Instant Approval Check
Zero Physical Documentations
By clicking apply, you will be redirected to the official bank portal. CreditBro may earn a commission on successful approvals.
Eligibility Summary
- Min. Credit Score680
- Min. Income₹2 lakh per annum
- EmploymentSalaried/Self