IndianOil Kotak Credit Card VS IndianOil RBL Bank XTRA Credit Card VS INDIANOIL AXIS BANK Credit Card VS IndianOil Axis Bank Premium Credit Card
Fees & Charges
Rewards & Benefits
Travel & Lifestyle
Security & Other
IndianOil Kotak Credit Card
IndianOil RBL Bank XTRA Credit Card
INDIANOIL AXIS BANK Credit Card
IndianOil Axis Bank Premium Credit Card
Who is it for?
Who is it for?
Who is it for?
Who is it for?
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.
Pros
Key benefits and features.
Offers a high return of 7.5% on fuel purchases, a competitive rate among fuel cards.
Combined with the fuel surcharge waiver, total savings reach 8.5% on fuel.
Welcome benefits provide 3,000 Fuel Points, equivalent to ₹1,500 value.
Milestone rewards offer additional Fuel Points on achieving quarterly spend targets.
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.
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.
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.
Cons
Key drawbacks and limitations.
Lacks diverse benefits like lounge access or dining discounts, unlike other cards.
Comes with a joining fee of ₹1,500 + GST, which might deter some users.
Users have reported issues with redeeming Fuel Points at some IndianOil outlets.
Excludes many common spend categories like utilities and rentals from rewards.
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.
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.