Axis Bank My Zone Credit Card vs Axis Bank Indian Oil Credit Card
Last Updated : March 2, 2024, 10:56 a.m.
Axis Bank is a prominent banking sector player, offering a diverse range of credit cards catering to various lifestyle and spending preferences. Two notable options in their credit card portfolio are – Axis Bank My Zone Credit Card and Axis Bank Indian Oil Credit Card . Each credit card offers special benefits and features aligning with distinct consumer needs.
In this 10-point comparison article, we’ll discover the key features of both credit cards, ranging from annual fees and reward programs to specialized benefits such as fuel advantages, dining perks, and more. So, without further ado, let’s dive right in!
Axis Bank My Zone Credit Card – An Overview
Axis Bank My Zone Credit Card is an entry-level card offering benefits across shopping, dining, and entertainment. With this card, you can avail offers on popular websites like Ajio and Swiggy. You can also avail an annual SonyLIV premium subscription.
Axis Bank Indian Oil Credit Card – An Overview
Axis Bank Indian Oil Credit Card is specifically designed for those who frequently use their vehicles for commuting or travel. This fuel credit card offers comprehensive features, including advantages like accelerated reward points and surcharge waivers on fuel expenses.
Axis Bank My Zone Credit Vs Indian Oil Credit Card – A Quick Comparison
The Axis Bank My Zone Credit Card is ideal for lifestyle enthusiasts. In contrast, the Indian Oil Credit Card is tailored for frequent fuel consumers. Choosing between them depends on individual spending preferences and priorities.
| Features | Axis Bank My Zone Credit Card | Axis Bank Indian Oil Credit Card |
|---|---|---|
| Joining Fees | Rs. 500 | Rs. 500+GST |
| Annual Fees | Rs. 500 (2nd year onwards) | Rs. 500+GST (Rs.500 waived off on spending of Rs. 50,000 in a year) |
| Welcome Benefits | Get a free SonyLiv annual subscription worth Rs. 999. | Earn cashback of up to Rs 250, on the first fuel transaction performed within the first 30 days of card issuance. |
| Rewards and Other Benefits | Purchase one movie ticket and get a 100% discount on the second ticket at Paytm Movies. (The maximum discount one can get in a calendar month is Rs. 200). Receive Rs. 120 off on Swiggy orders totaling a minimum of Rs. 500, available twice a month. Earn 4 EDGE REWARD points with every Rs. 200 spent on credit card. Get up to Rs. 1,000 off at AJIO on a minimum spending of Rs. 2,999. Enjoy 1 complimentary access to select airport lounges within India per calendar quarter. | Enjoy the benefit of 4% value back on fuel transactions by earning 20 reward points per Rs. 100 spent at any IOCL fuel outlet in India. Earn 5X EDGE Reward Points on online shopping. Get up to 10% discount on your movie ticket booked via BookMyShow. |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver on all fuel transactions in India. Valid in transactions between Rs. 400 and Rs. 4,000 only. | Get a 1% fuel surcharge waiver for transactions between Rs. 200 and Rs. 5,000. |
| Dining Benefits | Receive up to 15% discount on dining expenses through the ‘Dining Delights’ initiative. | Enjoy up to 15% discount at partner restaurants in India. |
| Overdue Penalty or Late Payment Fee | Less than Rs. 500: Nil From Rs. 501 to Rs. 5,000: Rs. 500 Between Rs. 5,001 and Rs. 10,000: Rs. 750 More than Rs. 10,000: Rs. 1,200 | Less than Rs. 500: Nil From Rs. 501 to Rs. 5,000: Rs. 500 Between Rs. 5,001 and Rs. 10,000: Rs. 750 More than Rs. 10,000: Rs. 1,200 |
| Eligibility | Age: 18 to 70 years Residency: Indian or NRI | Age: 18 to 70 years Residency: Indian or NRI |
| Pros | Earn cashback and rewards on dining expenditures. Avail exclusive offers and discounts on movies and events. Get a waiver on fuel surcharges. | Earn cashback or points on fuel purchases. Exclusive discounts on Indian Oil Petrol Pumps. Waiver on fuel surcharges. |
| Cons | High-interest rates | No airport lounge access |
Wrapping Up!
In summary, choosing between Axis Bank My Zone Credit Card and Axis Bank Indian Oil Credit Card depends on your personal preferences and spending patterns. If you value a variety of lifestyle benefits such as dining, shopping, and entertainment, the My Zone credit card is for you.
On the other hand, for those looking for maximum benefits and savings on fuel costs, the Indian Oil Credit Card stands out, especially with its fuel-related benefits. Consider your priorities, such as lifestyle benefits and fuel allowances, and make an informed decision based on your financial needs.