Skip to main content

IndianOil Axis Bank Premium Credit Card VS IndianOil Kotak 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.
Verified
Last updated: 30 September 2026

Both IndianOil Axis Bank Premium Credit Card and IndianOil Kotak 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 Kotak Credit Card costs ₹449 + GST and earns 24 RP/INR 150 on IndianOil fuel, 12 RP/INR 150 on dining/groceries, 3 RP/INR 150 on others. 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 Kotak Credit Card counters with receive an insurance cover worth INR 2 Lakhs for personal accidents. Weigh the fee against the reward rate above to see which fits your spending pattern better.

Lifetime FREE

CheQ AU Credit Card

Zero Fees. More Rewards

Apply Now
CheQ AU Credit Card
IndianOil Axis Bank Premium Credit Card
IndianOil Axis Bank Premium Credit Card
IndianOil Kotak Credit Card
IndianOil Kotak Credit Card

Fees & Charges

Joining Fee₹1,000 + GST
Joining Fee₹449 + GST
Renewal Fee₹1,000 + GST
Renewal Fee₹449 + 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 WaiverWaived on annual spend of ₹50,000 or more in the previous anniversary year.
Foreign Transaction Fees3.5% of the transaction value
Foreign Transaction Fees3.5%
Interest Rate (APR)3.75% Monthly (55.55% Annually)
Interest Rate (APR)3.75% per month (45% per annum).

Rewards & Benefits

Welcome BonusEnjoy 500 EDGE Miles on your first transaction within 30 days of card issuance. Applicable only in the first year.
Welcome Bonus1000 Reward Points on spending ₹500+ 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% on IndianOil fuel, 2% on dining & groceries, 0.5% on other spends & UPI transactions.
Reward TypeReward Points
Reward TypeReward Points
Reward Redemption FeeNil
Reward Redemption FeeNil

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 BenefitsReward points redeemable for travel; concierge for car rental & limousine reservations.
Movie Benefits
Movie BenefitsConcierge for movie ticket booking; reward points redeemable for movie vouchers.
Dining BenefitsInstant 30% discount on Zomato (up to ₹150, twice monthly) and 25% discount on dining via Eazydiner.
Dining Benefits2% back as Reward Points on dining spends.
Golf Benefits
Golf Benefits
Concierge services available for golf reservations.
Fuel Surcharge Waiver1% (+GST) with an unlimited 1% waiver on IndianOil fuel purchases.
Fuel Surcharge Waiver1% waiver on IndianOil fuel spends (₹100-₹5,000), max ₹100/cycle. Not on UPI.

Security & Other

Insurance Benefits
Insurance BenefitsPersonal accident insurance cover of ₹2 Lakhs.
Cash Advance Charges2.5% on amount withdrawn (Minimum ₹500)
Cash Advance Charges2.5% of amount withdrawn, min. ₹500.
Apply Now(opens in new tab)
Apply Now(opens in new tab)
Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

IndianOil Axis Bank Premium Credit Card

IndianOil Kotak 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 Kotak Credit Card is an entry-level co-branded fuel card designed for individuals who frequently refuel at IndianOil outlets and are new to credit. It offers substantial savings on fuel, accelerated reward points on grocery and dining, and a welcome bonus. With flexible redemption options including cashback and IndianOil XTRAREWARDS, along with personal accident insurance and concierge services, it provides a rewarding experience for daily travel and essential spends, making it ideal for budget-conscious users seeking fuel benefits.

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.

Significant savings on fuel at IndianOil outlets with up to 4% value back in reward points.

Accelerated reward points on daily essential spends like groceries and dining (2% value back).

Flexible reward redemption options including cashback, Kotak Rewards, and IndianOil XTRAREWARDS for fuel.

Offers a good welcome bonus of 1000 Reward Points on initial spend, covering the joining fee.

Includes valuable benefits such as ₹2 Lakhs personal accident insurance and concierge services.

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.

Reward points for fuel, dining, and groceries are subject to monthly maximum earning caps.

The card does not provide any complimentary airport or railway lounge access benefits.

Fuel surcharge waiver is not applicable on UPI transactions, limiting savings for some users.

High foreign currency markup of 3.5% makes it less ideal for international spending.

Welcome benefits are only applicable to cardholders who pay the initial joining fee.

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.
Apply for IndianOil Axis Bank Premium Credit Card(opens in new tab)Apply for IndianOil Kotak Credit Card(opens in new tab)