Compare All IndianOil Fuel Co-Branded Credit Cards

Indian Oil Corporation Limited (IOCL) is a government-owned central public sector enterprise under the Ministry of Petroleum and Natural Gas. It is India’s largest refining and marketing company in the petroleum sector. It has partnered with leading banks, including Axis Bank, RBL Bank, and HDFC Bank, for co-branded fuel credit cards.

These co-brandings made obvious impacts on the way payments were made. You can link all of these RuPay fuel credit cards to the UPI application of your choice and make easy payments. Apart from this, these credit cards are valuable for frequent travelers who require continuous fuel refills.

All these banks are top-notch card issuers and rank amongst the most prestigious banks in the country. These credit cards primarily focus on fuel, but they also offer a range of other benefits from their respective banks. The added benefits can include accelerated reward points, online and offline discounts, movie and dining offers, gift vouchers, and more. There are many other co-branded fuel credit cards, but in this article, we will only follow the IOCL co-branded credit cards.

Comparison of Different IndianOil Co-Branded Credit Cards

Here is a quick comparison of all the credit cards issued by different banks that collaborate with IndianOil Corp. Ltd.

IndianOil Co-Branded Credit Cards – Details

Cards from different issuers often have many differences, but when the same company issues them, there are some similarities and some differences. Although all cards aim for the same goal, their benefits have changed.

IndianOil RBL Bank XTRA Credit Card

IndianOil RBL Bank XTRA Credit Card comes with a joining fee of ₹1,500 + GST, cardholders earn 15 Fuel Points for every ₹100 spent on fuel, making the reward rate 7.5%. Cardholders can save up to ₹1,000 a month on fuel purchases, making annual savings reach ₹12,000.

While the card doesn’t offer features like airport lounge access, it waives the fuel surcharge of up to ₹200 monthly. A spend-based waiver is also included with this card, making it more rewarding. If you travel a lot with your vehicle and need to refuel often, this card is a good option. You earn points for every purchase, whether it’s fuel or something else. You can use these fuel points at IOCL stations. The benefits provided by this card are as follows:

Welcome Bonus: Spend over ₹500 within the first 30 days of card issuance to receive 3,000 Fuel Points as a gift. These Reward Points are worth ₹1,500 and can be redeemed at IOCL stations.

Reward Points: You earn 15 Fuel Points for every ₹100 spent on fuel at IOCL stations, up to a maximum of 2,000 Fuel Points per month. Additionally, you earn 2 Fuel Points for every ₹100 spent on other categories.

Fuel Surcharge Waiver: You get a 1% fuel surcharge waiver on fuel transactions between ₹500 and ₹4,000. The maximum benefit that you can avail of every month with this offer is ₹200.

Spend-Based Waiver: You can have your annual fee waived if your spending exceeds ₹2.75 lakh in the past year.

IndianOil Axis Bank Premium Credit Card

The IndianOil Axis Bank Premium Credit Card is an excellent option for people who frequently purchase fuel through credit cards. With a joining fee of ₹1,000 + GST, cardholders can earn 6X EDGE Miles on fuel purchases at IndianOil outlets and 2X EDGE Miles on groceries. There’s also a chance to waive the joining fee by spending ₹30,000 in a year. This card even offers free domestic airport lounge access and discounts on food delivery through Zomato, as well as 25% off on Axis Bank Dining Delights via EazyDiner. It’s designed for people who want to save on fuel and enjoy additional perks in their daily spending.

There are many more benefits of the IndianOil Axis Bank Premium Credit Card than just a fuel surcharge waiver. These other benefits are as follows:

Welcome Bonus: With this credit card, you will earn 500 EDGE Miles on fuel transactions within the first 30 days of the card’s issuance.

Reward Points: Earn 6X EDGE Miles for every ₹150 spent at IOCL stations. Additionally, earn 2X EDGE Miles on every ₹150 spent at groceries and supermarkets. With your IndianOil Axis Bank Premium Credit Card, you also earn 1 EDGE Mile point for every ₹150 spent on eligible products.

Fuel Surcharge Waiver: You get a 1% fuel surcharge with an IndianOil Axis Bank Premium Credit Card. You cannot get a refund for the GST charged for the fuel surcharge.

Spend-Based Waiver: Your annual fee can be waived if you spend more than ₹1 lakh in the previous year.

Dining Discounts: This card provides a 25% discount through the Axis Bank Dining Delights Program. Additionally, users enjoy an instant 30% discount on a minimum ₹200 purchase on Zomato. Ideal for everyday spending, this credit card offers discounts and rewards that help you save on daily expenses and support your financial stability.

Complimentary Airport Lounge Access: Enjoy up to 2 complimentary domestic airport lounge visits each quarter (8 visits annually) when you spend ₹50,000 or more in the previous three months.

IndianOil HDFC Bank Credit Card

IndianOil HDFC Credit Card offers very generous reward rates. The reward type for this card is fuel points, which can help you earn free fuel. With these points, you can receive up to 50 liters of free fuel annually. Additionally, this card earns reward points that you can redeem at an excellent rate, i.e., 1 FP = ₹0.96. The joining fee is only ₹500 + GST. These benefits are as follows:

Reward points: Earn up to 5% accelerated fuel points when spending at IndianOil fuel stations, with a maximum of 250 fuel points each month during the first six months. In the following six months, you can earn up to 150 fuel points per month. You can earn up to 5% accelerated fuel points on grocery and bill payments, with a maximum of 100 fuel points per month in each category. Additionally, you earn one fuel point for every ₹150 spent across all other categories. At different outlets, you’ll earn only 1% fuel points for every ₹150 spent.

Fuel Surcharge Waiver: You can get a 1% fuel surcharge waiver at all the fuel stations in the country. This offer is valid for a minimum transaction of ₹400. On every statement cycle, you can get a maximum of ₹250 cashback.

Annual Fee Waiver: If you reach a milestone expenditure of ₹50,000 or more in your first year, your renewal membership fee will be waived.

IndianOil AXIS Bank Credit Card

IndianOil AXIS Bank Credit Card is issued by AXIS Bank with the sole purpose of providing great saving opportunities to its customers. It is a basic entry-level credit card that is bound to provide for your fuel needs and can help you save on your utility and grocery bills as well. This credit card has one of the most decent reward programs on the market. You get discounted rates at dining and movies with the joining fee of just ₹500 plus applicable charges. Apart from fuel, this card also gives you rewards on every other miscellaneous purchase.

There are many more benefits of the IndianOil Axis Bank Credit Card than just a fuel surcharge waiver. These other benefits are as follows –

Welcome Bonus: With this credit card, you can earn up to 1250 EDGE REWARDS. This offer is valid only once and only within the first 30 days of receiving the card.

Reward Points: Earning 20 reward points on every ₹100 spent at IOCL fuel stations across the country can earn you up to 4% value back on your fuel transactions. You can avail of this offer at any IOCL fuel station with transactions between ₹100 and ₹ 5,000 per month. You can also enjoy up to 1% value back on online shopping by earning five reward points on every ₹100 spent. You can avail of this offer with online merchant transactions ranging from ₹100 to ₹5,000. You can also earn 1 EDGE REWARD point for every ₹100 spent with your IndianOil AXIS Bank Credit Card.

Fuel Surcharge Waiver: You get a 1% fuel surcharge with an IndianOil AXIS Bank Credit Card. This offer is available at any fuel station with an expenditure of ₹100 to ₹5,000. The maximum you can get on every statement cycle is ₹50.

Spend-Based Waiver: Your annual fee can be waived if you spend more than ₹50,000 in the previous year.

Movie Tickets Offer: BookMyShow offers an instant discount of up to 10% on movie tickets booked via its application or website.

This card is not just well-suited for fuel, but you can also explore, spend, and earn a lot with this well-equipped credit card. This credit card offers discounts and rewards on your daily living expenses, helping you build financial stability.

Bottom Line

All these credit card issuers are top-notch brands in the country as of today. All of them are different, each with its features and factors that distinguish it from the others. However, these cards are issued by financial institutions for the sole purpose of convenience to their customers. Ensure that the features and benefits of your card align with your expenses. This will help you in managing your finances more efficiently.

Every credit card issuer offers different features that may or may not meet your needs. Which card is most suitable for you? You can review the details mentioned above about all credit cards issued by financial institutions for IOCL to make an informed decision.