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IndianOil Axis Bank Credit Card vs IndianOil HDFC Bank Credit Card
On net annual value, IndianOil HDFC Bank beats IndianOil Axis Bank in all four spend profiles we model, from ₹3,583 a year for everyday spenders to ₹13,275 for high spenders. IndianOil Axis Bank earns 1% on online shopping outside merchant or portal bonuses, and IndianOil HDFC Bank earns 4.8% on groceries at best. Figures as of .
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Who comes out ahead — by how you spend
Estimated net annual value for four typical spend profiles: the rewards each card earns on that spend (a merchant or portal bonus only on the share of spend it plausibly reaches), plus the perks and milestone bonuses that spender would use, less any annual fee the spend does not waive (with GST) and the forex markup on spending abroad. Lounge access carries no rupee value here.
| Spender | IndianOil Axis Bank Credit Card | IndianOil HDFC Bank Credit Card |
|---|---|---|
Everyday spender ≈ ₹40k/mo across groceries, bills, dining and fuel | ₹2,750/yr | ₹6,333/yr✓ +₹3,583/yr |
Online shopper ≈ ₹60k/mo, mostly e-commerce and subscriptions | ₹1,879/yr | ₹7,251/yr✓ +₹5,372/yr |
Frequent traveller ≈ ₹1.2L/mo with heavy travel and forex spend | −₹4,262/yr | ₹3,717/yr✓ +₹7,979/yr |
High spender ≈ ₹2.5L/mo across every category | −₹9,243/yr | ₹4,032/yr✓ +₹13,275/yr |
Illustrative profiles, not a personalised result — your categories decide the real winner. Run these two on my spending →
What your points are actually worth
A point's headline value means little without the earn rate behind it. Here's the real math — the value of a point by how you redeem it, the resulting return by category, and the net rupees for your own spend.
| Value of one point, by route | IndianOil Axis Bank Credit CardAxis EDGE Reward Points | IndianOil HDFC Bank Credit CardHDFC Reward Points |
|---|---|---|
| Cash / statement credit | ₹0.20BEST | ₹0.30 |
| Gift vouchers | ₹0.20BEST | ₹0.30 |
| Travel portal | ₹0.20BEST | ₹0.50BEST |
Return by categoryearn rate × point value
Headline reward rate per category, before monthly caps. Switch the redemption strategy above to see how the picture shifts.
Your spend, head to head
Enter your monthly spend — net value is the annual rewards after the card fee, at each card's best realistic redemption (our recommender's model, caps and fee-waivers included).
Total ₹60,000/mo · ₹7,20,000/yr
Want the money-first pick across your whole wallet? Run the recommender →
| IndianOil Axis Bank Credit Card | IndianOil HDFC Bank Credit Card | |
|---|---|---|
| Fees | ||
| Joining fee | ₹500 | ₹500 |
| Annual fee | ₹500/yr | ₹500/yr |
| Annual fee — all-in (incl. 18% GST) | ₹590 | ₹590 |
| Fee waiver at | ₹3,50,000/yr spend | ₹50,000/yr spend |
| Welcome benefit | ~₹250 | ~₹250 |
| Rewards | ||
| Best everyday reward | 1% on Online Shopping | 4.8% on Groceries ✓ |
| Fuel | 0.2% | 0.64% ✓ |
| Groceries | 0.2% | 4.8% ✓ |
| Online Shopping | 1% ✓ | 0.64% |
| Base rate — other spends | 0.2% | 0.64% ✓ |
| Utility Bills | — | 4.8% |
| Charges | ||
| Forex markup | 3.5% | 3.5% |
| Finance charge | 3.75% p.m. | 3.75% p.m. |
| Cash advance | — | — |
| Add-on card | — | — |
| Perks | ||
| fuel waiver | — | ~₹600/yr · 1% fuel surcharge waiver at all Indian fuel stations (minimum ₹400 per transaction), capped ₹250 per billing cycle |
| Eligibility | ||
| Min income | — | ₹12,000/mo |
| Min age | 18+ yrs | 21+ yrs |
| UPI linked | — | Yes |
| Expert rating | 4.1 / 5 | 4.3 / 5 ✓ |
Reward rates above are the realistic value you keep — points earned × what a point is worth at each card's own best redemption, before monthly caps — so cards with different point values compare fairly. Bank-portal accelerators (earned only by booking through the issuer's own portal, on a slice of spend) are bounded upside, listed separately here rather than blended into the everyday rates.
Which should you pick?
Choose the IndianOil Axis Bank Credit Card if you want strong rewards on online shopping. Consider the IndianOil HDFC Bank Credit Card if you spend more on groceries. Your actual best card depends on how you spend — run your numbers below.
IndianOil Axis Bank Credit Card vs IndianOil HDFC Bank Credit Card — FAQs
Which has a lower annual fee, IndianOil Axis Bank Credit Card or IndianOil HDFC Bank Credit Card?
As of 11 Oct 2026, IndianOil Axis Bank and IndianOil HDFC Bank both charge ₹500 a year, or ₹590 with 18% GST. IndianOil Axis Bank waives it after ₹3,50,000 of spend in a card year, IndianOil HDFC Bank after ₹50,000.
Do IndianOil Axis Bank Credit Card and IndianOil HDFC Bank Credit Card offer airport lounge access?
As of 11 Oct 2026, neither IndianOil Axis Bank nor IndianOil HDFC Bank lists complimentary lounge access of any kind, airport or railway. For spending abroad, IndianOil Axis Bank and IndianOil HDFC Bank both add a 3.5% forex markup.
Which card has lower forex markup, IndianOil Axis Bank Credit Card or IndianOil HDFC Bank Credit Card?
As of 11 Oct 2026, IndianOil Axis Bank and IndianOil HDFC Bank charge the same 3.5% forex markup. With 18% GST on the markup, each foreign-currency transaction on IndianOil Axis Bank or IndianOil HDFC Bank costs about 4.13% extra, roughly ₹4,130 on ₹1,00,000 spent abroad.
For a frequent traveller, is the IndianOil Axis Bank Credit Card or IndianOil HDFC Bank Credit Card better value?
On figures as of 11 Oct 2026, IndianOil HDFC Bank comes out ahead for a frequent traveller (about ₹1.2 lakh a month with heavy travel and forex spend), with a net annual value (rewards, perks and milestones, less the annual fee and forex markup) of ₹3,717 against −₹4,262 on IndianOil Axis Bank, a ₹7,979 gap. At this spend IndianOil Axis Bank and IndianOil HDFC Bank both waive their annual fees.
For everyday spending, which returns more: IndianOil Axis Bank Credit Card or IndianOil HDFC Bank Credit Card?
On figures as of 11 Oct 2026, IndianOil HDFC Bank comes out ahead for an everyday spender (about ₹40,000 a month across groceries, bills, dining and fuel), with a net annual value (rewards, perks and milestones, less the annual fee and forex markup) of ₹6,333 against ₹2,750 on IndianOil Axis Bank, a ₹3,583 gap. At this spend IndianOil Axis Bank and IndianOil HDFC Bank both waive their annual fees.
Which is better, IndianOil Axis Bank Credit Card or IndianOil HDFC Bank Credit Card?
As of 11 Oct 2026, IndianOil Axis Bank earns 1% on online shopping outside merchant or portal bonuses, paid as Axis EDGE Reward Points, and IndianOil HDFC Bank earns 4.8% on groceries at best, paid as HDFC Reward Points. IndianOil HDFC Bank comes out ahead on net annual value in all four spend profiles we model.