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Axis Bank Privilege Credit Card VS IndianOil Axis Bank Premium Credit Card

A detailed, side-by-side look at 2 leading credit cards. Analyze the features that matter most to you and make an informed choice.
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Last updated: 18 July 2026

Both Axis Bank Privilege Credit Card and IndianOil Axis Bank Premium Credit Card suit travel-focused spenders, but they earn and cost differently. Axis Bank Privilege Credit Card costs ₹1,770 + GST and earns 10 EDGE REWARD points (1% reward rate) on every ₹200 spent on most categories. IndianOil Axis Bank Premium Credit Card costs ₹1,000 + GST and earns 6 EDGE Miles for every ₹150 on IndianOil fuel (up to ₹15k/month), 2 EDGE Miles on groceries (up to ₹5k/month), and 1 EDGE Mile on other spends. Axis Bank Privilege Credit Card also brings 2 complimentary domestic lounge visits per quarter on ₹50,000 spend in prior 3 months, while IndianOil Axis Bank Premium Credit Card counters with 2 complimentary visits each quarter at select domestic airports, subject to ₹50,000 spend in previous 3 months. If dining spending matters more, go with Axis Bank Privilege Credit Card; if fuel is the priority, IndianOil Axis Bank Premium Credit Card fits better.

Axis Bank Privilege Credit Card
Axis Bank Privilege Credit Card
IndianOil Axis Bank Premium Credit Card
IndianOil Axis Bank Premium Credit Card

Fees & Charges

Joining Fee₹1,770 + GST
Joining Fee₹1,000 + GST
Renewal Fee₹1,770 + GST
Renewal Fee₹1,000 + GST
Spend Based WaiverAnnual fee waived on spending ₹5 lakhs in a card anniversary year.
Spend Based WaiverJoining fee waived on ₹30,000 spend in a year. Annual fee waived on ₹30,000 (1st year) or ₹1 lakh (subsequent years) spend.
Foreign Transaction FeesBase 3.50% (effective 4.13% with GST) plus 1.5% + taxes for Dynamic Currency Conversion.
Foreign Transaction Fees3.5% of the transaction value
Interest Rate (APR)3.75% per month (55.55% per annum) on retail purchases and cash advances.
Interest Rate (APR)3.75% Monthly (55.55% Annually)

Rewards & Benefits

Welcome Bonus12,500 EDGE REWARD points worth ₹2,500 on fee payment & 3 transactions within 60 days.
Welcome BonusEnjoy 500 EDGE Miles on your first transaction within 30 days of card issuance. Applicable only in the first year.
Rewards RateEarn 10 EDGE REWARD points (1% reward rate) on every ₹200 spent on most categories.
Rewards RateEarn 6 EDGE Miles for every ₹150 on IndianOil fuel (up to ₹15k/month), 2 EDGE Miles on groceries (up to ₹5k/month), and 1 EDGE Mile on other spends.
Reward TypeReward Points
Reward TypeReward Points
Reward Redemption FeeA fee is applicable for reward redemption.
Reward Redemption FeeNil

Travel & Lifestyle

Domestic Lounge Access2 complimentary domestic lounge visits per quarter on ₹50,000 spend in prior 3 months.
Domestic Lounge Access2 complimentary visits each quarter at select domestic airports, subject to ₹50,000 spend in previous 3 months.
International Lounge Access
International Lounge Access
Travel Benefits2 complimentary domestic lounge access per quarter & up to 15% off on flights/hotels via Goibibo/MakeMyTrip.
Travel Benefits2 complimentary domestic airport lounge visits each quarter (spend-based) and up to 15% savings on flights & hotels via MakeMyTrip on Wednesdays.
Movie BenefitsBuy One Get One Free movie ticket via District app, up to ₹250 off, valid once a month.
Movie Benefits
Dining BenefitsUp to 15% discount (max ₹500) at over 4,000 partner restaurants via Dining Delights.
Dining BenefitsInstant 30% discount on Zomato (up to ₹150, twice monthly) and 25% discount on dining via Eazydiner.
Golf Benefits
Golf Benefits
Fuel Surcharge Waiver1% waiver on fuel transactions (₹400-₹4,000), capped at ₹400 per statement cycle.
Fuel Surcharge Waiver1% (+GST) with an unlimited 1% waiver on IndianOil fuel purchases.

Security & Other

Insurance BenefitsIncludes purchase protection (₹1L), credit shield (₹1L), and travel-related covers for documents/baggage.
Insurance Benefits
Cash Advance Charges2.5% of cash amount, with a minimum charge of ₹500.
Cash Advance Charges2.5% on amount withdrawn (Minimum ₹500)
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Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

Axis Bank Privilege Credit Card

IndianOil Axis Bank Premium Credit Card

Who is it for?

The Axis Bank Privilege Credit Card is a premium offering designed for individuals who seek enhanced benefits across travel, shopping, and dining. It provides a substantial welcome benefit of 12,500 EDGE REWARD points, complimentary domestic airport lounge access, and attractive milestone rewards. Ideal for users with high domestic spending, this card offers significant value through its fee waiver and lifestyle perks, making it a strong choice for those prioritizing travel and dining experiences.

Who is it for?

The IndianOil Axis Bank Premium Credit Card is a mid-range credit card from Axis Bank, ideal for individuals who frequently spend on fuel, especially at IndianOil outlets, and groceries. It offers accelerated rewards, complimentary domestic airport lounge access, and significant discounts on food delivery via Zomato. This card provides a well-rounded rewards program with flexible redemption options, making everyday spending more rewarding and economical.

Pros

Key benefits and features.

Generous welcome benefit of 12,500 points (₹2,500 value) effectively offsets the first year's fee.

Achievable milestone rewards offer 10,000 points (₹2,000 value) on ₹2.5 lakhs annual spend.

Enjoy 8 complimentary domestic lounge accesses annually, subject to a reasonable spend condition.

Regular savings through movie ticket discounts and attractive dining offers across India.

Annual fee waiver is easily attainable for regular users by spending ₹5 lakhs annually.

Pros

Key benefits and features.

High reward rate of 6X EDGE Miles on fuel purchases at IndianOil outlets.

Accelerated 2X EDGE Miles on grocery and supermarket spends for daily needs.

Complimentary domestic airport lounge access enhances travel comfort significantly.

Enjoy significant 30% discounts on Zomato food orders, twice every month.

Flexible EDGE Miles redemption for fuel, partner points, or travel bookings.

Cons

Key drawbacks and limitations.

A fee is applicable for redeeming reward points, reducing the overall value of rewards.

The card does not offer any complimentary international airport lounge access.

High effective forex markup of 3.13% makes international transactions less rewarding.

Many common spend categories like fuel, rent, and utilities are excluded from reward earnings.

Several key benefits and charges, like movie offers, have future effective dates.

Cons

Key drawbacks and limitations.

Lounge access is spend-based, requiring ₹50,000 in previous three months.

Accelerated rewards on fuel and groceries have monthly caps, limiting higher earnings.

Certain transactions like rent, wallet, and insurance do not earn EDGE Miles.

The annual fee waiver requires a spend of ₹1 lakh in subsequent years.

How We Compare These Cards

Every comparison on CardsForYou is built from the same verified data set we use across the site - joining and renewal fees, reward rates, forex markup, lounge access, and insurance benefits - sourced directly from each issuer and refreshed regularly. We highlight the lower-cost option on fees automatically, but "best" always depends on your own spending pattern: a card that wins on annual fee may lose on reward rate for a heavy spender, and vice versa. Use the table above alongside your own typical monthly spend to judge real value, not just the headline numbers.

Ready to Choose?

Based on your comparison, select the credit card that best matches your spending habits and financial goals.
Apply for Axis Bank Privilege Credit Card(opens in new tab)Apply for IndianOil Axis Bank Premium Credit Card(opens in new tab)