IndianOil HDFC Bank Credit Card vs BPCL SBI Card OCTANE
BPCL SBI Card OCTANE by ₹200 a year at ₹75,000 a month
IndianOil Axis Bank Premium vs IndianOil HDFC Bank Credit Card
HDFC Bank
IndianOil HDFC Bank Credit Card vs IndianOil Axis Bank Premium: which should you pick?
IndianOil's cards from Axis and HDFC, ₹1,000 against ₹500. Axis Premium pays 6 EDGE Miles per ₹150 at IndianOil, about 4% at ₹1 a mile, on the first ₹15,000 of IOCL fuel a statement month, 2 per ₹150 on the first ₹5,000 of groceries and 1 per ₹150 elsewhere, uncapped; IndianOil HDFC pays 5 Fuel Points per ₹100 at IndianOil, worth 4.8% at ₹0.96 a point and capped at 150 points a month after the first six months, the same 5% on groceries and on utility and telecom bills under 100 points a month each, and 1 point per ₹150 elsewhere. Axis Premium is ahead only at ₹25k a month, the two are level at ₹50k a month, and IndianOil HDFC leads from ₹75k up. ₹1,000 waived at ₹30,000 of spend against ₹500 waived at ₹50,000. Axis Premium opens eight domestic lounge visits a year, two a calendar quarter, and the HDFC card none.
The better card changes with your spend: IndianOil Axis Bank Premium ahead at ₹25,000, level at ₹50,000, IndianOil HDFC Bank Credit Card ahead from ₹75,000 to ₹5 lakh a month. At ₹75,000 a month the gap is mostly what each card earns on your spend: IndianOil HDFC Bank Credit Card returns ₹4,100 a year in rewards to IndianOil Axis Bank Premium's ₹4,000. IndianOil Axis Bank Premium is the better pick if you want to move points to airlines and hotels: its points reach 27 transfer partners to IndianOil HDFC Bank Credit Card's none, or if airport lounges matter more to you than the money: it gets you into 21 of the lounges we track to IndianOil HDFC Bank Credit Card's 0.
IndianOil Axis Bank Premium review IndianOil HDFC Bank Credit Card review
Side by side
| Fact | IndianOil Axis Bank Premium | IndianOil HDFC Bank Credit Card |
|---|---|---|
| Can you get it | Open to apply | Open to apply |
| Fee (joining · annual, + GST) | ₹1,000/yr | ₹500/yr✓ Better |
| Fee waiver | Spend ₹30,000 a year | Spend ₹50,000 a year |
| Reward rate on everyday spend | 0.7%✓ Better | 0.6% |
| Points | Axis EDGE Miles | HDFC Reward Points |
| Our value per point | ₹2.00 † | ₹1.00 † |
| Transfer partners | 27✓ Better | None |
| Lounges it gets you into | 21 of 792✓ Better | 0 of 792 |
| Forex markup | 3.50% | 3.5% + GST |
| Welcome benefit | 500 EDGE Miles (₹500) on the first transaction within 30 days of card issuance | ₹250 activation voucher, on any one transaction within 37 days of card issuance |
✓ Better marks the side that wins a row; rows that compare unlike things are not scored. They split the 10 rows we can call 5–5.
More facts 6 rows
| Fact | IndianOil Axis Bank Premium | IndianOil HDFC Bank Credit Card |
|---|---|---|
| Our rank | #93✓ Better | #192 |
| Our verdict | Keep | Keep |
| Lounge visits in India | 8/year (2 per calendar quarter) at the 20 rooms on Axis's Set B list | None — not among the variants the MITC's "Lounge Access" section names |
| Lounge visits abroad | None | None — the MITC names other variants in its international lounge clause |
| Forex, in the bank’s words | 3.50% of transaction value, plus a 3.5% + GST dynamic-currency-conversion markup — raised from 1.5% on 28 August 2026. | 3.5% + GST — the Foreign Currency Transactions cell that covers every variant HDFC does not name as an exception (Infinia 2%, 6E Rewards Indigo XL 2.50%) |
| Interest (APR) | 3.75%/mo (55.55%/yr) — Axis standard tier | 3.75%/mo (45%/yr) — the rate HDFC's own KFS worked examples apply to a standard variant; only Infinia and Infinia Metal Edition are named at 1.99%/mo (23.88%/yr) |
† IndianOil Axis Bank Premium: This card redeems EDGE Miles at ₹1, not the ₹2.00 house value Atlas earns. Axis's own T&C states it twice — "1 EDGE Mile = INR 1" and "Re.1" against fuel at IndianOil outlets — and its transfer column runs 2 EDGE Miles to 1 partner mile, a quarter of Atlas's 1:2. The earn rate above already has that halving baked in.
† IndianOil HDFC Bank Credit Card: A Fuel Point is only worth ₹0.96 against IndianOil fuel, and HDFC prints the chain — 1 FP = 3 XTRAREWARDS points, 1 XRP = ₹0.32. Every other exit is ₹0.20: statement credit (12,500-point minimum, ₹50 fee), SmartBuy flights and hotels, the product catalogue. Redeem this card anywhere but a pump and you cut its value by four fifths. The earn rate above already prices the ₹0.96.
Neither issuer publishes an income floor for these two, and the door is the same on both sides: IndianOil Axis Bank Premium and IndianOil HDFC Bank Credit Card are both open to a direct application. How people actually get each one is on its card page.
Our value per point is what we think a point is worth when you use it well; every currency's figure and its reasoning is on points values.
What each is worth to you
| Monthly spend | IndianOil Axis Bank Premium | IndianOil HDFC Bank Credit Card |
|---|---|---|
| At ₹30,000 a month | ₹1,800 | ₹1,800 |
| At ₹75,000 a month | ₹4,000 | ₹4,100✓ Better |
| At ₹1.5 lakh a month | ₹7,600 | ₹7,800✓ Better |
| At ₹3 lakh a month | ₹14,800 | ₹15,100✓ Better |
| At ₹5 lakh a month | ₹24,400 | ₹25,000✓ Better |
| Pays for itself from | ₹3,000 a month, by waiving its fee✓ Better | ₹5,000 a month, by waiving its fee |
On an everyday mix of spending (groceries, bills, travel, fuel and the rest), using each card's own rules for each kind of spend. The same figures as each card's own page.
Every spend from ₹25,000 to ₹5 lakh 20 steps
| Monthly spend | IndianOil Axis Bank Premium | IndianOil HDFC Bank Credit Card | Ahead |
|---|---|---|---|
| ₹25,000 | ₹1,600✓ Better | ₹1,500 | IndianOil Axis Bank Premium by ₹100 |
| ₹50,000 | ₹2,800 | ₹2,800 | Level |
| ₹75,000 | ₹4,000 | ₹4,100✓ Better | IndianOil HDFC Bank Credit Card by ₹100 |
| ₹1 lakh | ₹5,200 | ₹5,300✓ Better | IndianOil HDFC Bank Credit Card by ₹100 |
| ₹1.25 lakh | ₹6,400 | ₹6,500✓ Better | IndianOil HDFC Bank Credit Card by ₹100 |
| ₹1.5 lakh | ₹7,600 | ₹7,800✓ Better | IndianOil HDFC Bank Credit Card by ₹200 |
| ₹1.75 lakh | ₹8,800 | ₹9,000✓ Better | IndianOil HDFC Bank Credit Card by ₹200 |
| ₹2 lakh | ₹10,000 | ₹10,200✓ Better | IndianOil HDFC Bank Credit Card by ₹200 |
| ₹2.25 lakh | ₹11,200 | ₹11,400✓ Better | IndianOil HDFC Bank Credit Card by ₹200 |
| ₹2.5 lakh | ₹12,400 | ₹12,700✓ Better | IndianOil HDFC Bank Credit Card by ₹300 |
| ₹2.75 lakh | ₹13,600 | ₹13,900✓ Better | IndianOil HDFC Bank Credit Card by ₹300 |
| ₹3 lakh | ₹14,800 | ₹15,100✓ Better | IndianOil HDFC Bank Credit Card by ₹300 |
| ₹3.25 lakh | ₹16,000 | ₹16,400✓ Better | IndianOil HDFC Bank Credit Card by ₹400 |
| ₹3.5 lakh | ₹17,200 | ₹17,600✓ Better | IndianOil HDFC Bank Credit Card by ₹400 |
| ₹3.75 lakh | ₹18,400 | ₹18,800✓ Better | IndianOil HDFC Bank Credit Card by ₹400 |
| ₹4 lakh | ₹19,600 | ₹20,000✓ Better | IndianOil HDFC Bank Credit Card by ₹400 |
| ₹4.25 lakh | ₹20,800 | ₹21,300✓ Better | IndianOil HDFC Bank Credit Card by ₹500 |
| ₹4.5 lakh | ₹22,000 | ₹22,500✓ Better | IndianOil HDFC Bank Credit Card by ₹500 |
| ₹4.75 lakh | ₹23,200 | ₹23,700✓ Better | IndianOil HDFC Bank Credit Card by ₹500 |
| ₹5 lakh | ₹24,400 | ₹25,000✓ Better | IndianOil HDFC Bank Credit Card by ₹600 |
How we work out the yearly value
We put each card through the same everyday mix of spending, apply that card's own rules for each kind of spend (some earn nothing on fuel or bills), add its milestone and renewal bonuses at our value per point, and take off the fee unless that spend waives it. Bonus categories that need you to shop a certain way are not counted. Your own mix will differ: try your numbers in the calculator, or read how we value cards.
Before you choose
Transfer partners 27 and 0
IndianOil Axis Bank Premium's Axis EDGE Miles move to 27 airline and hotel partners; IndianOil HDFC Bank Credit Card's HDFC Reward Points cannot be moved to any.
Only IndianOil Axis Bank Premium: Singapore Airlines KrisFlyer, Finnair Plus (Avios), Qatar Airways Privilege Club (Avios).
Every partner and ratio is on each card's page; the best value for your points is on the transfer optimizer.
Watch out 6 points
IndianOil Axis Bank Premium
- EDGE Miles leave this card at 2:1, not Atlas's 1:2 — four times worse, on every partner, per Axis's own T&C and the Travel EDGE grid
- So transfers are the wrong move: an EDGE Mile is worth ₹1 spent on IndianOil fuel or Travel EDGE, and ₹0.50 transferred out
- Base earn is 1 EDGE Mile per ₹150 — 0.67% — on everything that isn't fuel or groceries
IndianOil HDFC Bank Credit Card
- The 5% buckets are hard-capped: 150 Fuel Points a month on fuel after your first 6 months (250 before), 100 on groceries, 100 on bill payments
- Past a cap the category earns NOTHING — not the 1-per-₹150 base rate, zero; HDFC's example zeroes a ₹4,000 fill-up
- A Fuel Point is ₹0.96 ONLY as IndianOil fuel; statement credit, SmartBuy and the catalogue all pay ₹0.20
Common questions 5 answered
Which is better, IndianOil Axis Bank Premium or IndianOil HDFC Bank Credit Card?
The better card changes with your spend: IndianOil Axis Bank Premium ahead at ₹25,000, level at ₹50,000, IndianOil HDFC Bank Credit Card ahead from ₹75,000 to ₹5 lakh a month. At ₹75,000 a month the gap is mostly what each card earns on your spend: IndianOil HDFC Bank Credit Card returns ₹4,100 a year in rewards to IndianOil Axis Bank Premium's ₹4,000. IndianOil Axis Bank Premium is the better pick if you want to move points to airlines and hotels: its points reach 27 transfer partners to IndianOil HDFC Bank Credit Card's none, or if airport lounges matter more to you than the money: it gets you into 21 of the lounges we track to IndianOil HDFC Bank Credit Card's 0.
IndianOil Axis Bank Premium or IndianOil HDFC Bank Credit Card: which is worth more at ₹3 lakh a month?
IndianOil HDFC Bank Credit Card and IndianOil Axis Bank Premium are ₹300 a year apart at ₹3 lakh a month. Both figures are a year's rewards and bonuses on an everyday spending mix, after the fee.
Which costs less to get, IndianOil Axis Bank Premium or IndianOil HDFC Bank Credit Card?
IndianOil HDFC Bank Credit Card: ₹500/yr against ₹1,000/yr. IndianOil Axis Bank Premium waives its fee if you spend ₹30,000 a year; IndianOil HDFC Bank Credit Card waives its fee if you spend ₹50,000 a year.
Which gets you into more airport lounges, IndianOil Axis Bank Premium or IndianOil HDFC Bank Credit Card?
IndianOil Axis Bank Premium: 21 of the 792 lounges we track, against 0 for IndianOil HDFC Bank Credit Card. Visit limits and guest charges differ by card; each card's page lists them.
How current is this comparison?
Both cards were last checked against their banks' own documents on 24 Oct 2026. Every figure here is worked out again from those records each time the site is built, so a change to either card shows up the day we log it.
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More on these two cards 9 pages
- What Axis EDGE Miles are worth
- What HDFC Reward Points are worth
- The Avios playbook from India
- The KrisFlyer bible from India
- Maharaja Club, the post-merger guide
- Credit card forex markup in India, bank by bank
- UPI on a credit card: the RuPay route to travel points
- IndianOil Axis Bank Premium vs BPCL SBI Card OCTANE
- IndianOil Axis Bank Premium vs Axis Atlas
Sources
Both cards were last checked against their banks' own documents on 24 Oct 2026. Every fact above comes from these 9 documents; the banks' own are marked official. A fact a bank does not publish shows as "not published", never as zero.
The documents 9 sources
- Official IndianOil Axis Bank Premium member Terms & Conditions — joining ₹1,000 + annual ₹1,000 waived at ₹30,000, 1 EDGE Mile per ₹150, the 6X/2X caps, and "2 EDGE Miles = 1 Partner points" read
- Official IndianOil Axis Bank Premium product page — 6X at IOCL, 2X grocery, uncapped 1 EDGE Mile per ₹150, 2 lounge visits a quarter, and the fee table (₹1,000, forex 3.50%, DCC 3.5%) read
- Official Axis Travel EDGE Points/Miles Transfer T&C — the live conversion grid, whose "IndianOil Axis Bank Premium(IOCL) Credit Card" column reads 2:1 on every partner row read
- Official Axis Bank Key Fact Sheet, last updated 8 Oct 2026 — INDIAN OIL Premium joining ₹1,000, annual ₹1,000, waiver at ₹30,000 of preceding-year spend read
- Official Axis Bank Domestic Airport Lounge Access Program — IndianOil Premium is a Set B card at 2 visits a quarter, gated on ₹50,000 of spend in the previous 3 calendar months read
- Official IndianOil HDFC Bank Credit Card Terms & Conditions — the 5% fuel/grocery/bill-payment table with its monthly Fuel Point caps, the exclusion list, and "1 FP = Rs. 0.96" read
- Official IndianOil HDFC Bank Credit Card Fees & Charges — "Joining Fee: ₹500 plus Applicable Taxes" and "Renewal Fee: ₹500 plus Applicable Taxes" read
- Official HDFC Bank Key Fact Statement cum MITC, updated 15 Dec 2025 — Indian Oil HDFC Bank at ₹500, waived on ₹50,000 a year, with a 1% fuel-surcharge waiver capped at ₹250 a cycle read
- Official HDFC Bank Key Fact Statement cum MITC — the programme document this card's lounge entitlement is read against read