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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.
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Last updated: 18 July 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.

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 WaiverAnnual fee waived on annual retail spends 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, equivalent to 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 BonusReceive 1000 Reward Points as a welcome benefit upon spending ₹500 or more 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 RateEarn 24 RP on ₹150 on fuel (4% back), 12 RP on ₹150 on dining/grocery (2% back), 3 RP on ₹150 on others (0.5% back).
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 Benefits
Movie Benefits
Movie Benefits
Dining BenefitsInstant 30% discount on Zomato (up to ₹150, twice monthly) and 25% discount on dining via Eazydiner.
Dining BenefitsEarn 12 Reward Points on every ₹150 spent on dining and grocery, equivalent to 2% back.
Golf Benefits
Golf Benefits
Fuel Surcharge Waiver1% (+GST) with an unlimited 1% waiver on IndianOil fuel purchases.
Fuel Surcharge Waiver1% fuel surcharge waiver on transactions ₹100-₹5,000 at IndianOil, capped at ₹100/statement cycle.

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 cash withdrawn, minimum ₹500.
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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 ideal for individuals who frequently refuel at IndianOil outlets and are new to credit. It offers significant savings on fuel, accelerated reward points on dining and grocery spends, and a valuable welcome benefit. Cardholders can enjoy flexible reward redemption options, including cashback and direct fuel payments, along with a personal accident insurance cover. This card is perfectly positioned for maximizing everyday savings, especially on vehicle-related expenses.

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 for frequent IndianOil fuel users, offering significant savings and rewards.

Provides valuable welcome benefits and accelerated rewards on dining and groceries.

Offers flexible redemption options, including cashback and IndianOil XTRAREWARDS.

Includes a personal accident insurance cover and convenient 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 on fuel are capped monthly, which may limit benefits for high spenders.

Fuel surcharge waiver is capped at ₹100 per month and excludes UPI transactions.

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

A foreign currency markup of 3.5% makes international spends less attractive.

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)