Fees
Annual feeINR 500 + GST
Joining feeINR 500 + GST
Renewal feeINR 500 + GST
Fee waiverAnnual fee reversed on spending INR 3,50,000 in preceding year
Spend waiverSpend INR 3,50,000 in 12 months
Interest rate3.60% per month (43.2% per annum (p.a.))
Late paymentINR 100-INR 1,200 (based on amount due)
Forex markup3.5% + GST
Cash advanceINR 400 + GST
Eligibility
Min income (salaried)INR 25,000 - INR 40,000 per month
Min income (self-emp.)INR 2,00,000/year
Income requirementIncome Tax Return (ITR) > INR 3.5 lakh/year
Credit score700
Age range18-70 years
Rewards & cashback
Welcome bonus1,250 EDGE Miles on first IndianOil spend (within 30 days)
Bonus categoriesFuel, Online Shopping, Groceries
Travel & lounge
Domestic lounge1 complimentary domestic lounge visit/quarter (no spend condition)
International loungeNo international lounge access
Lounge conditionsNo spend condition for quarterly complimentary visit
Travel insuranceINR 8 lakh travel cover, IOCL fuel expense protection
Lifestyle
Dining benefits5% EDGE Miles on fuel, 5 EDGE Points on online shopping
Fuel surcharge100% surcharge waiver at IOCL outlets, 1% elsewhere (max INR 400/month)
ComplimentaryComplimentary travel insurance on IOCL fuel spends
Special offersQuarterly fuel bonus miles, Annual renewal rewards
AdditionalZomato discounts, Partner fuel station benefits
Credit limit & EMI
Default limitINR 100000
Max limitINR 500000
EMI optionsYes - SmartEMI on purchases
EMI conversionYes
Balance transferYes
Insurance & protection
Purchase protectionYes — purchase protection on eligible spends
Lost card liabilityYes — zero liability on fraud reported within 3 working days of card loss
Other insuranceDeath cover INR 5 lakh
Coverage detailsTravel: INR 8 lakh, Medical: INR 4 lakh
Digital & security
ContactlessYes
Virtual cardYes
Card controlsBlock/Unblock Card; Set International Usage; Set Transaction Limits; EMI Conversion; Virtual Card; Spend Tracking
Fraud protectionReal-time SMS/email alerts; AI-based fraud detection; OTP authentication; Tokenisation; 3D Secure
Zero liabilityZero liability if fraud reported within 3 working days; limited liability between 4-7 days
WhatsApp supportYes — Axis Bank WhatsApp Banking