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INDIANOIL AXIS BANK Credit Card VS IndianOil HDFC Bank 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 HDFC Bank Credit Card
IndianOil HDFC Bank Credit Card

Fees & Charges

Joining Fee
₹500 + GST
₹500 + GST
Renewal Fee
Nil
₹500 + 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.
Joining fee waived on ₹20,000 spend in 90 days. Renewal fee waived on ₹50,000 annual spend.
Foreign Transaction Fees
3.5% of transaction value; Dynamic Currency Conversion markup 1.5% plus taxes.
3.5% markup on all international and cross-currency transactions.
Interest Rate (APR)
3.75% per month (55.55% per annum) on retail purchases and cash.
3.75% per month (45% per annum) on revolving credit balance.

Rewards & Benefits

Welcome Bonus
Up to 1,250 EDGE REWARD Points on first fuel transactions within 30 days of card issuance.
Complimentary IndianOil XTRAREWARDS Program (IXRP) membership on joining.
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 5% Fuel Points on IndianOil spends, groceries & bill payments; 1 FP for every ₹150 on other spends.
Reward Type
Reward Points
Fuel Points
Reward Redemption Fee
₹99 per transaction on the EDGE REWARDS platform.
₹99 + GST applies for reward point redemption.

Travel & Lifestyle

Domestic Lounge Access
Not Applicable
International Lounge Access
Not Applicable
Travel Benefits
Instant savings up to 15% on flights and hotels via Goibibo and MakeMyTrip (Wednesday Delight).
Not Applicable
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.
Not Applicable
Golf Benefits
Not Applicable
Fuel Surcharge Waiver
Fuel surcharge waiver up to ₹50 per statement cycle; not explicitly stated as a charge.
1% waiver on fuel transactions (min ₹400), capped at ₹250 per statement cycle.

Security & Other

Insurance Benefits
Zero Lost Card Liability protection against fraudulent transactions upon reporting card loss.
Cash Advance Charges
2.5% (Min. ₹500) of the cash amount.
2.5% of amount withdrawn, minimum ₹500, for cash advance transactions.
Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

INDIANOIL AXIS BANK Credit Card

IndianOil HDFC Bank 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 HDFC Bank Credit Card is a co-branded RuPay credit card designed for fuel enthusiasts. It offers significant rewards in the form of Fuel Points, allowing cardholders to earn up to 50 litres of free fuel annually, especially at IndianOil outlets. Benefits include accelerated points on groceries and bill payments, easy UPI linkage, and potential fee waivers based on spending. This card provides a strong value proposition for everyday fuel and utility 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.

RuPay network enables seamless linkage to UPI applications for mobile payments.

Offers a high reward rate for fuel redemption through IXRP, valuing 1 FP at ₹0.96.

Provides potential for both joining and renewal fee waivers based on annual spending.

Opportunity to earn up to 50 litres of free fuel annually with continued usage.

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.

Initial cap on accelerated fuel rewards at IndianOil outlets limits benefits for high spenders.

Reward accrual on groceries and bill payments is capped at 100 Fuel Points per month.

Lower redemption value (1 FP = ₹0.20) for cashback or catalogue products.

Ready to Choose?

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