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IndianOil Axis Bank Credit Card vs IDFC FIRST HPCL Power+ Credit Card
On net annual value, IDFC FIRST HPCL Power+ beats IndianOil Axis Bank in all four spend profiles we model, from ₹4,330 a year for everyday spenders to ₹32,733 for high spenders. IDFC FIRST HPCL Power+ includes spend-linked airport lounge access and charges no forex markup against 3.5%. 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 | IDFC FIRST HPCL Power+ Credit Card |
|---|---|---|
Everyday spender ≈ ₹40k/mo across groceries, bills, dining and fuel | ₹2,750/yr | ₹7,080/yr✓ +₹4,330/yr |
Online shopper ≈ ₹60k/mo, mostly e-commerce and subscriptions | ₹1,879/yr | ₹6,930/yr✓ +₹5,051/yr |
Frequent traveller ≈ ₹1.2L/mo with heavy travel and forex spend | −₹4,262/yr | ₹10,815/yr✓ +₹15,077/yr |
High spender ≈ ₹2.5L/mo across every category | −₹9,243/yr | ₹23,490/yr✓ +₹32,733/yr |
Not in these numbers: IDFC FIRST HPCL Power+ Credit Card adds airport lounge access — real perks that can outweigh a small gap.
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 | IDFC FIRST HPCL Power+ Credit CardIDFC Reward Points |
|---|---|---|
| Cash / statement credit | ₹0.20BEST | ₹0.25BEST |
| Gift vouchers | ₹0.20BEST | ₹0.25BEST |
| Travel portal | ₹0.20BEST | — |
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 | IDFC FIRST HPCL Power+ Credit Card | |
|---|---|---|
| Fees | ||
| Joining fee | ₹500 | ₹499 |
| Annual fee | ₹500/yr | ₹499/yr ✓ |
| Annual fee — all-in (incl. 18% GST) | ₹590 | ₹589 ✓ |
| Fee waiver at | ₹3,50,000/yr spend | ₹1,50,000/yr spend |
| Welcome benefit | ~₹250 | ~₹2,500 |
| Rewards | ||
| Best everyday reward | 1% on Online Shopping | 5% on Utility Bills ✓ |
| Fuel | 0.2% | 0.5% ✓ |
| Online Shopping | 1% ✓ | 0.5% |
| Base rate — other spends | 0.2% | 0.5% ✓ |
| Utility Bills | — | 5% |
| Charges | ||
| Forex markup | 3.5% | 0% ✓ |
| Finance charge | 3.75% p.m. | — |
| Cash advance | — | — |
| Add-on card | — | — |
| Perks | ||
| concierge | — | ~₹1,399/yr · Complimentary roadside assistance programme worth ₹1,399 |
| lounge access | — | ~₹2,000/yr · 1 complimentary domestic airport lounge visit a quarter on ₹20,000 of monthly spend |
| movie ticket | — | ~₹1,200/yr · 25% off movie tickets up to ₹100/month, on any transaction in the previous calendar month (w.e.f. 18-Jun-2026) |
| Eligibility | ||
| Min income | — | ₹25,000/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 IDFC FIRST HPCL Power+ Credit Card if you spend more on utility bills and prefer a lower fee, with lounge access included. Your actual best card depends on how you spend — run your numbers below.
IndianOil Axis Bank Credit Card vs IDFC FIRST HPCL Power+ Credit Card — FAQs
Which has a lower annual fee, IndianOil Axis Bank Credit Card or IDFC FIRST HPCL Power+ Credit Card?
As of 27 Oct 2026, IDFC FIRST HPCL Power+ has the lower annual fee: ₹499 (₹589 with 18% GST), against ₹500 (₹590 with 18% GST) on IndianOil Axis Bank. IndianOil Axis Bank waives it after ₹3,50,000 of spend in a card year, IDFC FIRST HPCL Power+ after ₹1,50,000.
Do IndianOil Axis Bank Credit Card and IDFC FIRST HPCL Power+ Credit Card offer airport lounge access?
As of 27 Oct 2026, only IDFC FIRST HPCL Power+ includes airport lounge access: it lists 1 domestic visit a quarter at airport lounges, unlocked by ₹20,000 of spend in the previous month. For spending abroad, IDFC FIRST HPCL Power+ adds no forex markup, against 3.5% on IndianOil Axis Bank.
Which card has lower forex markup, IndianOil Axis Bank Credit Card or IDFC FIRST HPCL Power+ Credit Card?
As of 27 Oct 2026, IDFC FIRST HPCL Power+ has the lower forex markup: none at all, against 3.5% on IndianOil Axis Bank. With 18% GST on the markup, ₹1,00,000 spent abroad costs about ₹4,130 extra on IndianOil Axis Bank and nothing extra on IDFC FIRST HPCL Power+.
For a frequent traveller, is the IndianOil Axis Bank Credit Card or IDFC FIRST HPCL Power+ Credit Card better value?
On figures as of 27 Oct 2026, IDFC FIRST HPCL Power+ 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 ₹10,815 against −₹4,262 on IndianOil Axis Bank, a ₹15,077 gap. That figure leaves out airport lounge access, which only IDFC FIRST HPCL Power+ includes.
For everyday spending, which returns more: IndianOil Axis Bank Credit Card or IDFC FIRST HPCL Power+ Credit Card?
On figures as of 27 Oct 2026, IDFC FIRST HPCL Power+ 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 ₹7,080 against ₹2,750 on IndianOil Axis Bank, a ₹4,330 gap. At this spend IndianOil Axis Bank and IDFC FIRST HPCL Power+ both waive their annual fees.
Which is better, IndianOil Axis Bank Credit Card or IDFC FIRST HPCL Power+ Credit Card?
As of 27 Oct 2026, IndianOil Axis Bank earns 1% on online shopping outside merchant or portal bonuses, paid as Axis EDGE Reward Points, and IDFC FIRST HPCL Power+ earns 5% on utility bills at best, paid as IDFC Reward Points. IDFC FIRST HPCL Power+ comes out ahead on net annual value in all four spend profiles we model.