The Axis Privilege Credit Card is one of the mid-tier offerings from Axis Bank that saw a revaluation in the 2025 update from the bank and is best suited for travel and shopping expenses. The IndianOil Axis Premium Credit Card, on the other hand, is a co-branded credit card with IndianOil that targets individuals with high fuel expenses. The two cards serve different purposes altogether. For users who want the best of both worlds, consider getting both; however, if you are deciding between these two, please keep reading our comparison.
Before you begin to read any credit card comparison, it is always a good idea to figure out your needs first. Once you know what you are looking for, it gets easier to pick one that fits your needs quickly. Still unsure? Consider reading our guide!
Annual Fee and Joining Benefits
The Axis Privilege Credit Card has an annual fee of ₹1,500 + GST, but it is lifetime free for Axis priority banking customers. To offset the joining fee, the card offers 12,500 EDGE Reward Points, which are worth ₹2,500. The annual fee can, however, be waived if a user spends ₹5 lakh or more in a year.
The IndianOil Axis Premium Credit Card has a slightly lower annual fee of ₹1,000 + GST, against which the card offers 500 EDGE Miles, given that you make your first transaction within 30 days of card issuance. The renewal fee, however, will be waived off if a user spends ₹1 lakh in a year.
For the milestone benefits, while the IndianOil Axis Premium Card has none, the Axis Privilege offers 10,000 EDGE Reward Points for spending ₹2.5 lakh or more in a year.
| Particulars | Axis Privilege | IndianOil Axis Premium |
| Annual Fee | ₹1,770 (With GST) | ₹1,180 (Including GST) |
| Welcome Benefits | 12,500 EDGE Reward Points (Worth ₹2,500) | 500 EDGE Miles (on Completing First Transaction in First 30 Days) |
| Spend-Based Annual Fee Waiver | Renewal Fee Waived on Spend of ₹5 Lakh+ in the Last Year | Renewal Fee Waived on Spend of ₹1 Lakh+ in the Last Year |
| Milestone Benefit | 10,000 EDGE Reward Points (Worth ₹2,000) on Spending ₹2.5 Lakh in a Year | N/A |
Earning and Redeeming Rewards
The Axis Privilege Credit Card has a uniform reward rate across all categories at 10 EDGE Reward Points for ₹200 spend on eligible merchant categories; the IndianOil Axis Premium Credit Card offers accelerated reward for categories like groceries (2X) and fuel (10X). The following table discusses the rewards redemption categories and reward point value of each card.
| Particulars | Axis Privilege | IndianOil Axis Premium |
| Earning Rewards | 10 EDGE Reward Points/₹200 Spent on Eligible Categories | 10 EDGE Miles/₹150 on Eligible Spends2X EDGE Miles on Groceries & Supermarkets (Capped at 33 EDGE Miles)6X EDGE Miles at IndianOil Outlets Across India(Capped at 600 EDGE Miles) |
| Redeeming Rewards | EDGE REWARDS can be Redeemed for Products Available in the Axis Bank EDGE REWARDS Catalog (1 EDGE Reward Point = ₹0.20) | Redeem EDGE Miles for Fuel at IndianOil Outlets (1 EDGE Mile = ₹1)Redeem for Miles Transfer (Transfer Ratio Varies Partner to Partner)Redeem for Bookings on Travel Edge (1 EDGE Mile = ₹0.20) |
The IndianOil Axis Premium Credit Card’s points value only seems efficient when redeemed at IndianOil outlets. That is obvious, given that the card is a co-branded product, especially for fuel purchases and savings. It is fair to opt for the card if you spend up to ₹15,000 on fuel every month and can take advantage of the accelerated reward rate. The Axis Privilege does not seem to be as efficient as the former because of its stagnant reward rate across categories and its limited redemption options.
Other Lifestyle Perks
Although these cards are mid-tier and ideal for everyday use, they provide domestic lounge access every quarter. However, this perk is based on quarterly spending for both cards and is available upon spending ₹50,000 per quarter. In addition, the cards offer various dining benefits as shown in the table below.
| Particulars | Axis Privilege | IndianOil Axis Premium |
| Dining Benefits | 25% Off at Partner Restaurants Under Axis Dining Delights Program. | 30% Instant Discount on Zomato & 25% Discount on Dining Via Eazydiner |
| Movie Benefits | Buy One Get One on Movie Ticket Bookings via District by Zomato | N/A |
| Domestic Airport Lounge Access | 2 Free Visits Each Quarter; 8 visits Annually (On Spending ₹50,000+ in the Last Quarter) | 2 Free Visits Each Quarter; 8 visits Annually (On Spending ₹50,000+ in the Last Quarter) |
The movie benefits offered by the Axis Privilege are a recent addition to the card, as per the 2025 update. Read about the latest revaluations and devaluations here.
Frequently Asked Questions (FAQs)
1. Which card is better for fuel savings?
The IndianOil Axis Premium Credit Card is clearly better for fuel savings due to its 6X EDGE Miles on IndianOil fuel spends, translating to ₹1 per mile when redeemed.
2. Can I apply for both Axis Privilege and IndianOil Premium cards?
Yes, if you meet the eligibility criteria, holding both cards is beneficial to maximize lifestyle and fuel savings.
3. Do these cards offer free airport lounge access?
Yes, both cards offer 2 free domestic lounge visits per quarter, provided you spend ₹50,000 or more in the preceding quarter.
4. Which card offers better movie benefits?
The Axis Privilege Card provides a “Buy 1 Get 1” offer on movie tickets via District by Zomato.
5. What is the EDGE Rewards point value?
For Axis Privilege, 1 EDGE Point = ₹0.20. For IndianOil Axis Premium, 1 EDGE Mile = ₹1 when redeemed for fuel at IndianOil outlets.
6. How to get the annual fee waived?
- Axis Privilege: Spend ₹5 lakh+ in a year.
- IndianOil Premium: Spend ₹1 lakh+ in a year.
Bottom Line
If your budget allows and your spending habits vary between fuel and lifestyle expenses, getting both the Axis Privilege and IndianOil Axis Premium Credit Cards is a smart move. You get the best of both worlds, travel and shopping rewards with Axis Privilege, and great fuel savings with IndianOil Axis Premium.
However, if you’re only choosing one, the IndianOil Axis Premium Credit Card is the more practical choice, especially if a big part of your monthly spend goes towards fuel. It offers high reward rates on fuel, grocery, and supermarket spends, plus better value during redemption. While Axis Privilege does offer welcome and milestone benefits, its flat reward rate and limited redemption value make it slightly less rewarding for everyday users. In short, pick IndianOil Axis Premium if you drive often and want to save on fuel.
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