Fuel is necessary for transportation, powering vehicles that help us travel and work. Choosing a credit card with fuel perks helps save money on these unavoidable expenses. These cards offer discounts, rewards, and waivers on fuel surcharges, making every journey more affordable and rewarding. In this article, we’ll discuss two of the most popular credit cards.

The first one is the Indian Oil Axis Bank RuPay Credit Card, designed for those who frequently buy fuel and want extra rewards on their everyday spending. This card, created through a collaboration between Indian Oil and Axis Bank, comes with an annual fee of ₹500, which can be waived by spending ₹3.5 lakh in a year. It rewards users with 20 EDGE points per ₹100 spent on fuel at IOCL stations and also offers reward points for online shopping and various other purchases. Cardholders also enjoy perks such as discounts on movie tickets, dining benefits, and a waiver on fuel surcharges.

Indian Oil Axis Bank RuPay Vs BPCL SBI Credit Card

The second one is the BPCL SBI Credit Card, which is created for individuals who spend significantly on fuel. With this card, users benefit from 13x reward points on fuel purchases at BPCL stations, increasing savings on fuel expenditures. The card offers 5x reward points on groceries, departmental store purchases, dining, and movie expenses, enhancing the value of everyday spending. With an annual fee of ₹499, which can be waived upon reaching a yearly spend of ₹50,000, it’s a cost-effective choice for maximizing rewards on daily transactions.

Indian Oil Axis Bank RuPay Credit Card

Indian Oil and Axis Bank joined hands and introduced the Indian Oil Axis Bank RuPay Credit Card, best suited for fuel transactions. It offers an attractive reward system where cardholders can earn points on fuel purchases, online shopping, and other transactions. This card is quite appealing, with a nominal annual fee that can be waived. It enhances the user experience by offering movie bookings, dining benefits, and a fuel surcharge waiver, making it a well-rounded option for many consumers.

Fees

  • The annual fee of the Indian Oil Axis Bank RuPay Credit Card is ₹500 with taxes.
  • The annual fee can be waived on spending ₹3.5 lakh or more in the previous year.

Reward Rate

  • At all IOCL stations, cardholders will earn 20 EDGE points for every ₹100 spent on fuel transactions between  ₹400 and ₹4,000.
  • Earn 5 EDGE points for every ₹100 spent online shopping for transactions between ₹100 and ₹5,000.
  • Earn 1 EDGE point for other transactions excluding rent, wallet, insurance, gold, utilities, education, and government.
  • EDGE points earned can be redeemed for shopping or travel vouchers from the Axis Bank EDGE REWARDS Portal catalog.

Introductory Perks

On the first fuel transaction made within 30 days of card issuance, cardholders can earn up to 1250 EDGE REWARD points worth ₹250 as a welcome offer.

Entertainment/ Dining Benefits

  • You will get a 10% instant discount on booking movie tickets via BookMyShow.
  • Under the Axis Bank Dining Delights Program, get a 15% discount up to ₹500 with partnered restaurants through EazyDiner in India.

Fuel Surcharge Waiver

A 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at any fuel outlet capped at ₹50 every statement cycle.

BPCL SBI Credit Card

The BPCL SBI Credit Card is a collaboration between Bharat Petroleum Corporation Limited and SBI, designed primarily for those who spend a lot on fuel. This card gives you extra points when you buy fuel at BPCL stations. The BPCL SBI Credit Card is a good choice for people who want to save on fuel. You also get rewards for buying groceries, dining out, and going to the movies. You can use your points for fuel or gift vouchers through the SBI mobile app or website. This makes it simple to get benefits from your everyday spending.

Fees

  • The joining and annual fees of the BPCL SBI Credit Card is ₹499 with taxes.
  • The annual fee can be waived on spending ₹50,000 or more in the previous year.

Reward Rate

  • There are 13x reward points on fuel purchases at BPCL outlets, with a maximum of 1300 reward points earned per billing cycle.
  • 5x reward points for every ₹100 spent at groceries, departmental stores, movies, and dining, with up to 5000 reward points earned monthly.
  • 1 reward point for every ₹100 spent on non-fuel retail purchases.
  • Reward points can be redeemed for purchases at the BPCL fuel station or gift vouchers through the SBI mobile app or website.
  • 4 RP = ₹1

Introductory Perks

  • BPCL cardholders will earn 2,000 bonus reward points worth Rs. 500 on payment of joining fees.
  • Reward points will be credited 20 days after the joining fee is paid and can be redeemed instantly against fuel purchases at BPCL outlets or through the Shop n Smile rewards catalog.

Entertainment/ Dining Benefits

Cardholders will earn 5x reward points for every ₹100 spent on dining and movie tickets.

Fuel Surcharge Waiver

A 1% fuel surcharge waiver on transactions up to ₹4,000 at any fuel outlet capped at ₹100 every statement cycle.

Quick Comparison Between Indian Oil Axis Bank and BPCL SBI Credit Card

Features Indian Oil Axis Bank RuPay Credit Card BPCL SBI Credit Card
Joining/Annual Fee ₹500 + GST ₹499 + GST
Reward Rate
  • 20 RP for every ₹100 spent on fuel transactions at IOCL stations
  • 5 RP for every ₹100 spent on online transactions
  • 1 EDGE Point for every ₹100 spent on other transactions
  • 5x RP on dining, movies, departmental stores, and groceries
  • 13x RP at BPCL pumps
  • 1x RP for other spends
Reward Redemption RP can be redeemed for shopping/ travel vouchers on Axis Bank EDGE Rewards porta;
  • RP can be redeemed for gift vouchers on the official website of SBI or mobile app
  • 4 RP = ₹1
Welcome Benefits 100% cash back on the first fuel transaction up to 1250 EDGE Reward Points 2,000 activation bonus reward points worth ₹500 on payment of the joining fee
Movie/Dining
  • 10% off on movie tickets vis BookMyShow
  • Up to 15% off (up to ₹500) on dining through Axis Bank Dining Delights Programme
5x RP on movie tickets and dining spends

Bottom Line

The Indian Oil Axis Bank RuPay Credit Card and the BPCL SBI Credit Card offer valuable rewards and benefits for fuel purchasers, making everyday travel more economical. The Indian Oil Axis Bank RuPay card, with a nominal annual fee of ₹500, rewards users with 20 EDGE points per ₹100 spent on fuel at IOCL stations, along with enticing perks for online shopping, dining, and movie tickets. The BPCL SBI Credit Card, with an annual fee of ₹499, focuses on giving 13x reward points on BPCL fuel purchases and offers additional rewards on groceries, departmental stores, dining, and movie expenditures.

When comparing both the cards, the Indian Oil Axis Bank RuPay Credit Card seems to provide a more rounded benefit structure, especially for those who also value rewards on non-fuel purchases alongside fuel benefits. However, for those primarily interested in maximizing savings directly on fuel purchases at BPCL stations, the BPCL SBI Credit Card might be the better option.

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