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IndianOil Axis Bank Premium Credit Card VS IndianOil Axis Bank RuPay 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: 30 September 2026

Both IndianOil Axis Bank Premium Credit Card and IndianOil Axis Bank RuPay Credit Card suit fuel-focused spenders, but they earn and cost differently. IndianOil Axis Bank Premium Credit Card costs ₹1,000 + GST and earns 6 EDGE Miles on every ₹150 spent at IOCL fuel outlets (up to ₹15k/month) & 2 EDGE Miles on groceries (up to ₹5k/month). IndianOil Axis Bank RuPay Credit Card costs ₹500 + GST and earns 20 pts/₹100 on fuel (IOCL), 5 pts/₹100 on online shopping, 1 pt/₹100 on other spends. IndianOil Axis Bank Premium Credit Card also brings enjoy 2 complimentary domestic lounge visits per quarter (8 annually) by spending ₹50,000 in the prior 3 months, while IndianOil Axis Bank RuPay Credit Card counters with earn up to 1250 EDGE REWARD points (worth ₹250) on first fuel transaction within 30 days of card issuance. Weigh the fee against the reward rate above to see which fits your spending pattern better.

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IndianOil Axis Bank Premium Credit Card
IndianOil Axis Bank Premium Credit Card
IndianOil Axis Bank RuPay Credit Card
IndianOil Axis Bank RuPay Credit Card

Fees & Charges

Joining Fee₹1,000 + GST
Joining Fee₹500 + GST
Renewal Fee₹1,000 + GST
Renewal Fee₹500 + GST
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.
Spend Based WaiverRenewal fee waived on annual spending of ₹3.5 Lakh in a card anniversary year.
Foreign Transaction Fees3.5% of the transaction value
Foreign Transaction Fees3.5% of the transaction value.
Interest Rate (APR)3.75% Monthly (55.55% Annually)
Interest Rate (APR)3.75% per month (55.55% per annum) on retail purchases and cash.

Rewards & Benefits

Welcome BonusEnjoy 500 EDGE Miles on your first transaction within 30 days of card issuance. Applicable only in the first year.
Welcome BonusEarn 1,250 EDGE Reward Points worth ₹250 on first fuel transaction within 30 days of card issuance.
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.
Rewards Rate4% value back on fuel at IOCL, 1% on online shopping, and 0.20% on other spends.
Reward TypeReward Points
Reward TypeReward Points
Reward Redemption FeeNil
Reward Redemption Fee₹99 per transaction on the EDGE REWARDS platform.

Travel & Lifestyle

Domestic Lounge Access2 complimentary visits each quarter at select domestic airports, subject to ₹50,000 spend in previous 3 months.
Domestic Lounge Access
International Lounge Access
International Lounge Access
Travel Benefits2 complimentary domestic airport lounge visits each quarter (spend-based) and up to 15% savings on flights & hotels via MakeMyTrip on Wednesdays.
Travel Benefits
Movie Benefits
Movie BenefitsGet an instant discount of up to 10% on movie ticket bookings via BookMyShow app or website.
Dining BenefitsInstant 30% discount on Zomato (up to ₹150, twice monthly) and 25% discount on dining via Eazydiner.
Dining BenefitsEnjoy discounted rates and exceptional dining experiences at top restaurants with Axis Bank Dining Delights.
Golf Benefits
Golf Benefits
Fuel Surcharge Waiver1% (+GST) with an unlimited 1% waiver on IndianOil fuel purchases.
Fuel Surcharge Waiver1% fuel surcharge waived for transactions between ₹400-₹4,000, max waiver ₹50 per statement cycle.

Security & Other

Insurance Benefits
Insurance Benefits
Cash Advance Charges2.5% on amount withdrawn (Minimum ₹500)
Cash Advance Charges2.5% of the total cash amount (Minimum ₹500).
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Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

IndianOil Axis Bank Premium Credit Card

IndianOil Axis Bank RuPay Credit Card

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.

Who is it for?

The IndianOil Axis Bank RuPay Credit Card is an entry-level, co-branded fuel credit card designed for individuals who frequently spend on fuel. It offers a competitive 4% value back on fuel transactions at IOCL stations, 1% value back on online shopping, and instant discounts on movie ticket bookings. This card is ideal for daily commuters and online shoppers looking for significant savings.

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.

Pros

Key benefits and features.

Excellent reward rate (4% value back) on fuel transactions at IOCL petrol pumps, a daily necessity.

Offers a 10% instant discount on movie tickets booked via BookMyShow.

Provides a decent 1% value back on online shopping.

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.

Cons

Key drawbacks and limitations.

Does not offer any travel benefits, including lounge access.

The welcome benefit of 1,250 EDGE Reward Points (worth ₹250) is not substantial.

The reward rate for general offline spending (excluding fuel) is low (0.20%).

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.
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