INDIANOIL AXIS BANK Credit Card VS IndianOil HDFC Bank Credit Card
Both INDIANOIL AXIS BANK Credit Card and IndianOil HDFC Bank Credit Card suit fuel-focused spenders, but they earn and cost differently. INDIANOIL AXIS BANK Credit Card costs ₹500 + GST and earns 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. IndianOil HDFC Bank Credit Card costs ₹500 + GST and earns 5% Fuel Points on IndianOil spends, groceries & bill payments; 1 FP for every ₹150 on other spends. INDIANOIL AXIS BANK Credit Card also brings up to 1,250 EDGE REWARD Points on first fuel transactions within 30 days of card issuance, while IndianOil HDFC Bank Credit Card counters with zero Lost Card Liability protection against fraudulent transactions upon reporting card loss. Weigh the fee against the reward rate above to see which fits your spending pattern better.
Fees & Charges
Rewards & Benefits
Travel & Lifestyle
Security & Other
INDIANOIL AXIS BANK Credit Card
IndianOil HDFC Bank Credit Card
Who is it for?
Who is it for?
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.
Accelerated 5% Fuel Points on IndianOil outlets, with high ₹0.96 redemption value for free fuel.
Earn 5% Fuel Points on groceries and utility bill payments, making it useful for daily expenses.
RuPay network enables UPI integration, allowing convenient mobile payments via linked applications.
Joining and renewal fees are waivable based on spending, offering potential for a free-for-life card.
Benefits include 1% fuel surcharge waiver, up to 50 days interest-free credit, and zero lost card liability.
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.
Monthly caps on Fuel Points in accelerated categories limit benefits for very high spenders.
No Fuel Points on wallet loading, government, EMI, rental, gold purchases, or non-IndianOil fuel.
A ₹99 + GST fee applies for redeeming Fuel Points as cashback or for catalog products.