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IndianOil Kotak Credit Card VS INDIANOIL AXIS BANK 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 Credit Card and IndianOil Kotak 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 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 Credit Card also brings up to 1,250 EDGE REWARD Points on first fuel transactions within 30 days of card issuance, 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.

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IndianOil Kotak Credit Card
IndianOil Kotak Credit Card
INDIANOIL AXIS BANK Credit Card
INDIANOIL AXIS BANK Credit Card

Fees & Charges

Joining Fee₹449 + GST
Joining Fee₹500 + GST
Renewal Fee₹449 + GST
Renewal Fee₹500 + GST
Spend Based WaiverWaived on annual spend of ₹50,000 or more in the previous anniversary year.
Spend Based WaiverAnnual fee waived if spend exceeds ₹3,50,000 in the card anniversary year; excludes rent, wallet loads, EMIs, cash withdrawals, fees, charges, GST, insurance spends, temporary credit and reversals.
Foreign Transaction Fees3.5%
Foreign Transaction Fees3.5% of transaction value; Dynamic Currency Conversion markup 1.5% plus taxes.
Interest Rate (APR)3.75% per month (45% per annum).
Interest Rate (APR)3.75% per month (55.55% per annum) on retail purchases and cash.

Rewards & Benefits

Welcome Bonus1000 Reward Points on spending ₹500+ within 30 days of card issuance.
Welcome BonusUp to 1,250 EDGE REWARD Points on first fuel transactions within 30 days of card issuance.
Rewards Rate4% on IndianOil fuel, 2% on dining & groceries, 0.5% on other spends & UPI transactions.
Rewards Rate20 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.
Reward TypeReward Points
Reward TypeReward Points
Reward Redemption FeeNil
Reward Redemption Fee₹99 per transaction on the EDGE REWARDS platform.

Travel & Lifestyle

Domestic Lounge Access
Domestic Lounge Access
International Lounge Access
International Lounge Access
Travel BenefitsReward points redeemable for travel; concierge for car rental & limousine reservations.
Travel BenefitsInstant savings up to 15% on flights and hotels via Goibibo and MakeMyTrip (Wednesday Delight).
Movie BenefitsConcierge for movie ticket booking; reward points redeemable for movie vouchers.
Movie BenefitsUp to 10% instant discount on BookMyShow movie tickets.
Dining Benefits2% back as Reward Points on dining spends.
Dining BenefitsAccess to dining offers at top restaurants across India via Axis Bank Dining Delights Program.
Golf Benefits
Concierge services available for golf reservations.
Golf Benefits
Fuel Surcharge Waiver1% waiver on IndianOil fuel spends (₹100-₹5,000), max ₹100/cycle. Not on UPI.
Fuel Surcharge WaiverFuel surcharge waiver up to ₹50 per statement cycle; not explicitly stated as a charge.

Security & Other

Insurance BenefitsPersonal accident insurance cover of ₹2 Lakhs.
Insurance Benefits
Cash Advance Charges2.5% of amount withdrawn, min. ₹500.
Cash Advance Charges2.5% (Min. ₹500) of the cash amount.
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Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

IndianOil Kotak Credit Card

INDIANOIL AXIS BANK Credit Card

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.

Who is it for?

The IndianOil Axis Bank Credit Card is a co-branded fuel and lifestyle card designed for vehicle owners and frequent fuel spenders, offering up to 4% value back on fuel at IOCL and a fuel surcharge waiver of up to ₹50 per statement cycle. It combines strong quantified fuel savings with everyday lifestyle perks including movie discounts, dining offers and travel deals via Wednesday Delight, plus a potential annual fee waiver on reaching ₹3,50,000 in spends. Ideal for users who regularly fuel at IOCL outlets and seek cost-efficient rewards alongside dining, shopping and travel benefits.

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.

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.

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.

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.

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 Kotak Credit Card(opens in new tab)Apply for INDIANOIL AXIS BANK Credit Card(opens in new tab)