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INDIANOIL AXIS BANK 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.

Features

INDIANOIL AXIS BANK Credit Card
INDIANOIL AXIS BANK Credit Card
IndianOil Axis Bank Premium Credit Card
IndianOil Axis Bank Premium Credit Card

Fees & Charges

Joining Fee
₹500 + GST
₹1,000 + GST
Renewal Fee
Nil
₹1,000 + GST
Spend Based Waiver
Annual fee waived if spend exceeds ₹3,50,000 in the card anniversary year; excludes rent, wallet loads, EMIs, cash withdrawals, fees, charges, GST, insurance spends, temporary credit and reversals.
Annual fee of ₹1,000 + GST waived on spends of ₹1,00,000 and above in an anniversary year.
Foreign Transaction Fees
3.5% of transaction value; Dynamic Currency Conversion markup 1.5% plus taxes.
3.50% of transaction value for foreign currency spends.
Interest Rate (APR)
3.75% per month (55.55% per annum) on retail purchases and cash.
3.75% Per Month (55.55% Per Annum) on outstanding balances.

Rewards & Benefits

Welcome Bonus
Up to 1,250 EDGE REWARD Points on first fuel transactions within 30 days of card issuance.
Enjoy 500 EDGE Miles on your first spend within 30 days of card issuance.
Rewards Rate
20 EDGE REWARD Points per ₹100 on fuel at IOCL (4% value back; ₹5,000 monthly cap); 5 Points per ₹100 on online shopping (1%; ₹5,000 cap); 1 Point per ₹100 on all other eligible spends.
Earn 6 EDGE Miles on every ₹150 spent at IOCL fuel outlets (up to ₹15k/month) & 2 EDGE Miles on groceries (up to ₹5k/month).
Reward Type
Reward Points
Reward Points
Reward Redemption Fee
₹99 per transaction on the EDGE REWARDS platform.
Nil charges for redeeming EDGE Miles.

Travel & Lifestyle

Domestic Lounge Access
Enjoy 2 complimentary domestic lounge visits per quarter (8 annually) by spending ₹50,000 in the prior 3 months.
International Lounge Access
Not Applicable
Travel Benefits
Instant savings up to 15% on flights and hotels via Goibibo and MakeMyTrip (Wednesday Delight).
Offers spend-based domestic lounge access and instant savings on flights & hotels via MakeMyTrip.
Movie Benefits
Up to 10% instant discount on BookMyShow movie tickets.
Not Applicable
Dining Benefits
Access to dining offers at top restaurants across India via Axis Bank Dining Delights Program.
Enjoy 30% off on Zomato (up to ₹150, 2 times/month) & up to 25% off (max ₹800) via Eazydiner.
Golf Benefits
Not Applicable
Fuel Surcharge Waiver
Fuel surcharge waiver up to ₹50 per statement cycle; not explicitly stated as a charge.
1% fuel surcharge waiver (unlimited) at IOCL fuel outlets (GST on surcharge non-refundable).

Security & Other

Insurance Benefits
Not Applicable
Cash Advance Charges
2.5% (Min. ₹500) of the cash amount.
2.5% of withdrawn amount (minimum ₹500) for cash advances.
Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

INDIANOIL AXIS BANK Credit Card

IndianOil Axis Bank Premium Credit Card

Who is it for?

The IndianOil Axis Bank Credit Card is a co-branded fuel and lifestyle card designed for vehicle owners and frequent fuel spenders, offering up to 4% value back on fuel at IOCL and a fuel surcharge waiver of up to ₹50 per statement cycle. It combines strong quantified fuel savings with everyday lifestyle perks including movie discounts, dining offers and travel deals via Wednesday Delight, plus a potential annual fee waiver on reaching ₹3,50,000 in spends. Ideal for users who regularly fuel at IOCL outlets and seek cost-efficient rewards alongside dining, shopping and travel benefits.

Who is it for?

The IndianOil Axis Bank Premium Credit Card is tailored for individuals frequently spending on fuel, offering accelerated rewards at IndianOil outlets. It provides comprehensive benefits, including grocery rewards, domestic airport lounge access, and dining discounts on Zomato and Eazydiner. This card is an excellent choice for those prioritizing fuel savings and lifestyle perks, while offering a well-rounded rewards program for everyday expenses.

Pros

Key benefits and features.

Up to 4% value back on fuel at IOCL outlets with a ₹5,000 monthly cap, delivering quantified fuel savings for regular vehicle owners.

Fuel surcharge waiver up to ₹50 per statement cycle and instant discounts up to 10% on BookMyShow for everyday lifestyle spends.

Welcome benefit of up to 1,250 EDGE REWARD Points on first fuel transactions within 30 days, accelerating initial rewards balance.

Annual fee waived in Year 1 and potentially waived thereafter upon spending over ₹3,50,000, enhancing cost efficiency for target users.

Lifestyle perks via Wednesday Delight and Dining Delights including up to 15% on flights and hotels and dining offers across top restaurants.

Pros

Key benefits and features.

Excellent choice for frequent commuters with generous 6X EDGE Miles on IndianOil fuel purchases.

Well-rounded rewards program providing 2X EDGE Miles on grocery and daily spending needs.

Valuable travel perk with 2 complimentary domestic airport lounge visits each quarter.

Significant lifestyle benefits, including a 30% discount on food deliveries via Zomato.

Cons

Key drawbacks and limitations.

Finance charges are high at 3.75% per month (55.55% per annum), making it expensive for revolving balances and cash borrowers.

Cash withdrawal fee of 2.5% (Min. ₹500) and foreign currency markup of 3.5% add cost for liquidity and international use cases.

Reward redemption fee of ₹99 per transaction on the EDGE REWARDS platform reduces net value when encashing points.

Multiple exclusions from rewards and waiver including insurance, gold, wallet loads, rent, utilities and EMI transactions limit applicability.

Monthly caps on accelerated fuel and online shopping rewards may constrain high spenders from maximizing earnings consistently.

Cons

Key drawbacks and limitations.

Domestic lounge access is conditional on spending ₹50,000 in the preceding three months.

Accelerated EDGE Miles for fuel and groceries have monthly spending caps for maximum benefits.

No EDGE Miles are earned on key categories like utilities, insurance, wallets, and rent payments.

Ready to Choose?

Based on your comparison, select the credit card that best matches your spending habits and financial goals.