IndianOil Axis Bank Premium vs IndianOil HDFC Bank Credit Card
IndianOil HDFC Bank Credit Card by ₹100 a year at ₹75,000 a month
IndianOil Axis Bank Credit Card vs IndianOil HDFC Bank Credit Card
Axis Bank
HDFC Bank
IndianOil HDFC Bank Credit Card vs IndianOil Axis Bank Credit Card: which should you pick?
The two ₹500 IndianOil co-brands. IndianOil Axis pays 20 EDGE points per ₹100 at IOCL pumps, about 4% at ₹0.20 a point, on transactions between ₹400 and ₹4,000 and only on the first ₹5,000 of IOCL fuel a month, 1% on the first ₹5,000 of online shopping and 0.2% elsewhere; 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. IndianOil HDFC out-earns IndianOil Axis at every spend level the page tests. The Axis fee waives at ₹3,50,000 of spend, the HDFC fee at ₹50,000, and neither opens a lounge.
At every spend from ₹25,000 to ₹5 lakh a month, IndianOil HDFC Bank Credit Card beats IndianOil Axis Bank Credit Card, and its lead widens from ₹1,500 to ₹14,800 a year as spend climbs. 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 Credit Card's ₹1,600. IndianOil Axis Bank Credit Card 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.
IndianOil Axis Bank Credit Card review IndianOil HDFC Bank Credit Card review
Side by side
| Fact | IndianOil Axis Bank Credit Card | IndianOil HDFC Bank Credit Card |
|---|---|---|
| Can you get it | Open to apply | Open to apply |
| Fee (joining · annual, + GST) | ₹500/yr | ₹500/yr |
| Fee waiver | Spend ₹3,50,000 a year | Spend ₹50,000 a year |
| Reward rate on everyday spend | 0.2% | 0.6%✓ Better |
| Points | Axis EDGE Reward Points | HDFC Reward Points |
| Our value per point | ₹0.40 † | ₹1.00 † |
| Transfer partners | 27✓ Better | None |
| Lounges it gets you into | 0 of 792 | 0 of 792 |
| Forex markup | 3.5% | 3.5% + GST |
| Welcome benefit | Up to 1,250 EDGE REWARD Points on the first fuel transactions 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. IndianOil HDFC Bank Credit Card is ahead on 8 of the 9 rows we can call.
More facts 6 rows
| Fact | IndianOil Axis Bank Credit Card | IndianOil HDFC Bank Credit Card |
|---|---|---|
| Our rank | #195 | #192✓ Better |
| Our verdict | Downgrade | Keep |
| Lounge visits in India | None — the variant is on neither Set A nor Set B of Axis's own eligible-card list | None — not among the variants the MITC's "Lounge Access" section names |
| Lounge visits abroad | None — Axis publishes no international lounge entitlement for this card | None — the MITC names other variants in its international lounge clause |
| Forex, in the bank’s words | 3.5% 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 Credit Card: This card's EDGE REWARD Points are worth the ₹0.20 EDGE portal rate, not the ₹0.40 house value: Axis's own page calls 20 points per ₹100 "4% value back", which only works at ₹0.20. The ₹0.40 comes from the 5:2 partner-mile conversion that Magnus, Magnus for Burgundy and Reserve carry, and this card has no such column. Redemption also costs ₹99 a time on the EDGE REWARDS platform. The earn rate above already prices the ₹0.20.
† 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 Credit Card 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 Credit Card | IndianOil HDFC Bank Credit Card |
|---|---|---|
| At ₹30,000 a month | ₹100 | ₹1,800✓ Better |
| At ₹75,000 a month | ₹1,600 | ₹4,100✓ Better |
| At ₹1.5 lakh a month | ₹3,100 | ₹7,800✓ Better |
| At ₹3 lakh a month | ₹6,200 | ₹15,100✓ Better |
| At ₹5 lakh a month | ₹10,200 | ₹25,000✓ Better |
| Pays for itself from | ₹24,000 a month | ₹5,000 a month, by waiving its fee✓ Better |
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 Credit Card | IndianOil HDFC Bank Credit Card | Ahead |
|---|---|---|---|
| ₹25,000 | ₹0 | ₹1,500✓ Better | IndianOil HDFC Bank Credit Card by ₹1,500 |
| ₹50,000 | ₹1,100 | ₹2,800✓ Better | IndianOil HDFC Bank Credit Card by ₹1,700 |
| ₹75,000 | ₹1,600 | ₹4,100✓ Better | IndianOil HDFC Bank Credit Card by ₹2,500 |
| ₹1 lakh | ₹2,100 | ₹5,300✓ Better | IndianOil HDFC Bank Credit Card by ₹3,200 |
| ₹1.25 lakh | ₹2,600 | ₹6,500✓ Better | IndianOil HDFC Bank Credit Card by ₹3,900 |
| ₹1.5 lakh | ₹3,100 | ₹7,800✓ Better | IndianOil HDFC Bank Credit Card by ₹4,700 |
| ₹1.75 lakh | ₹3,600 | ₹9,000✓ Better | IndianOil HDFC Bank Credit Card by ₹5,400 |
| ₹2 lakh | ₹4,200 | ₹10,200✓ Better | IndianOil HDFC Bank Credit Card by ₹6,000 |
| ₹2.25 lakh | ₹4,700 | ₹11,400✓ Better | IndianOil HDFC Bank Credit Card by ₹6,700 |
| ₹2.5 lakh | ₹5,200 | ₹12,700✓ Better | IndianOil HDFC Bank Credit Card by ₹7,500 |
| ₹2.75 lakh | ₹5,700 | ₹13,900✓ Better | IndianOil HDFC Bank Credit Card by ₹8,200 |
| ₹3 lakh | ₹6,200 | ₹15,100✓ Better | IndianOil HDFC Bank Credit Card by ₹8,900 |
| ₹3.25 lakh | ₹6,700 | ₹16,400✓ Better | IndianOil HDFC Bank Credit Card by ₹9,700 |
| ₹3.5 lakh | ₹7,200 | ₹17,600✓ Better | IndianOil HDFC Bank Credit Card by ₹10,400 |
| ₹3.75 lakh | ₹7,700 | ₹18,800✓ Better | IndianOil HDFC Bank Credit Card by ₹11,100 |
| ₹4 lakh | ₹8,200 | ₹20,000✓ Better | IndianOil HDFC Bank Credit Card by ₹11,800 |
| ₹4.25 lakh | ₹8,700 | ₹21,300✓ Better | IndianOil HDFC Bank Credit Card by ₹12,600 |
| ₹4.5 lakh | ₹9,200 | ₹22,500✓ Better | IndianOil HDFC Bank Credit Card by ₹13,300 |
| ₹4.75 lakh | ₹9,700 | ₹23,700✓ Better | IndianOil HDFC Bank Credit Card by ₹14,000 |
| ₹5 lakh | ₹10,200 | ₹25,000✓ Better | IndianOil HDFC Bank Credit Card by ₹14,800 |
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 Credit Card's Axis EDGE Reward Points 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 Credit Card: 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 Credit Card
- The ₹500 fee waives only at ₹3,50,000 of anniversary-year spend — the ₹1,000 IndianOil Premium waives at ₹30,000
- The 4% fuel leg is capped at ₹5,000 of IOCL spend a calendar month, and each transaction's settlement must fall between ₹400 and ₹4,000
- Base earn is 1 EDGE REWARD Point per ₹100 — 0.2% at the ₹0.20 EDGE portal rate this card actually redeems at
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 Credit Card or IndianOil HDFC Bank Credit Card?
At every spend from ₹25,000 to ₹5 lakh a month, IndianOil HDFC Bank Credit Card beats IndianOil Axis Bank Credit Card, and its lead widens from ₹1,500 to ₹14,800 a year as spend climbs. 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 Credit Card's ₹1,600. IndianOil Axis Bank Credit Card 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.
IndianOil Axis Bank Credit Card or IndianOil HDFC Bank Credit Card: which is worth more at ₹3 lakh a month?
IndianOil HDFC Bank Credit Card beats IndianOil Axis Bank Credit Card by ₹8,900 a year 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 Credit Card or IndianOil HDFC Bank Credit Card?
They cost the same: ₹500/yr. IndianOil Axis Bank Credit Card waives its fee if you spend ₹3,50,000 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 Credit Card or IndianOil HDFC Bank Credit Card?
Both get you into 0 of the 792 lounges we track.
How current is this comparison?
IndianOil Axis Bank Credit Card was last checked against its bank's own documents on 29 Aug 2026, IndianOil HDFC Bank Credit Card 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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Sources
IndianOil Axis Bank Credit Card was last checked against its bank's own documents on 29 Aug 2026, IndianOil HDFC Bank Credit Card on 24 Oct 2026. Every fact above comes from these 7 documents; the banks' own are marked official. A fact a bank does not publish shows as "not published", never as zero.
The documents 7 sources
- Official IndianOil Axis Bank Credit Card product page — 20 points per ₹100 at IOCL for "4% value back", 1 point per ₹100 base, the ₹3,50,000 waiver and the full fee table read
- Official Axis Bank Key Fact Sheet — INDIAN OIL Credit Card at joining ₹500, annual ₹500, waived on spends of ₹3,50,000 in the preceding year read
- Official Axis Bank Credit Cards Domestic Airport Lounge Access Program — the programme document this card's lounge entitlement is read against 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