INDIANOIL AXIS BANK Credit Card VS IndianOil HDFC Bank Credit Card VS IndianOil RBL Bank Credit Card
Fees & Charges
Rewards & Benefits
Travel & Lifestyle
Security & Other
INDIANOIL AXIS BANK Credit Card
IndianOil HDFC Bank Credit Card
IndianOil RBL Bank Credit Card
Who is it for?
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.
Pros
Key benefits and features.
Offers an excellent 5% reward rate on fuel purchases at IndianOil outlets.
Provides significant annual savings of up to ₹6,000 on fuel expenditure.
Affordable joining and annual fee, making it accessible for new users.
Includes a beneficial 1% fuel surcharge waiver on fuel transactions.
Available on the RuPay network, enabling convenient UPI payments.
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.
Cons
Key drawbacks and limitations.
Low reward rate for spending categories other than fuel purchases.
Lacks premium benefits like lounge access, dining, or travel perks.
A rewards redemption fee of ₹99 + GST applies to point redemptions.
Monthly cap of 1,000 Fuel Points limits maximum potential fuel savings.