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IDFC FIRST HPCL Power+ vs IndianOil Axis Bank Premium Credit Card Compared

Which credit card suits you? Side by side on the numbers that decide it. A blank means the provider has not published that figure, not that it is zero. Data last verified: 24 October 2026.

IDFC FIRST HPCL Power+ Credit Card versus IndianOil Axis Bank Premium Credit Card compared
FeatureIDFC FIRST HPCL Power+ Credit CardIDFC FIRST HPCL Power+ Credit CardIDFC First Bank7 recent changes →
IndianOil Axis Bank Premium Credit CardIndianOil Axis Bank Premium Credit CardAxis Bank5 recent changes →
Rewards by spend
Rewards0.5% base, up to 5% on utility bills0.67% base, up to 1.33% on groceries; 4% only at partner merchants
UPI payments (scan and pay)0.5%Earns nothing
Online shopping0.5%0.67%
Dining and food delivery0.5%0.67%
Groceries0.5%1.33%
Travel: flights, hotels, trains0.5%0.67%
Fuel0.5%; 5% only at Hindustan Petroleum0.67%; 4% only at Indian Oil
Bills and recharges5%0.67%
Rent0.5%Earns nothing
Insurance premiumsEarns nothing0.67%
School and college fees0.5%0.67%
Wallet top-ups0.5%Earns nothing
Taxes and government paymentsNot statedEarns nothing
Spend abroad or in a foreign currencyEarns nothing0.67%
Everything else0.5%0.67%
Card identity
Card typesameFuelFuel
NetworkRuPayVisa
Card tiersameMidMid
Fees
Joining fee₹499 + GST₹1,000 + GST
Annual fee₹499 + GST₹1,000 + GST
Fee waived at₹1,50,000₹30,000
Eligibility
Min age21 years18 years
Max age-70 years
Employment typesameBOTHBOTH
Min monthly salary₹25,000-
Rewards
Reward typesameReward pointsReward points
Point value₹0₹1
Fuel surcharge
Fuel surcharge waiverNoYes
Lounge access
Domestic lounge visits48
International lounge visitssame00
Lounge conditionSpend Rs 20,000 in the previous month for domestic lounge accessSpend Rs 50,000 in the previous quarter for domestic lounge access
Forex and international
Forex markupNone3.5%
UPI rewards
Works on UPIYesNo
Interest and charges
Interest rate (monthly)-3.75%
Interest rate (annual)-45%
Redemption
Redemption fee₹99-
Page content
Documents neededPAN card Aadhaar / address proof Income proof (salary slips or ITR)PAN card Aadhaar / valid address proof Latest 3 months bank statement Income proof, salary slips (salaried) or ITR (self-employed) Recent passport-size photograph
ApplyApply NowApply Now

Worth in Rupees at ₹20,000 a Month

IDFC FIRST HPCL Power+ Credit Card
Rewards a year
₹3,900
Fee a year
₹0
You keep
₹3,900
IndianOil Axis Bank Premium Credit Card
Rewards a year
₹2,004
Fee a year
₹0
You keep
₹2,004

At this spend, IDFC FIRST HPCL Power+ Credit Card comes out ₹1,896 a year ahead of IndianOil Axis Bank Premium Credit Card. Worked out from each card's published reward rate, caps and fee, on ₹20,000 a month. Your own spend changes the answer: try the rewards calculator.

Best For

IDFC FIRST HPCL Power+ Credit Card
  • Daily drivers who fill up at HPCL
  • Households with regular utility bills
  • People who want a low-fee card that works on UPI
IndianOil Axis Bank Premium Credit Card
  • Fuel only at Indian Oil: 4% back, up to ₹600 a month
  • Groceries: 1.33% back, up to ₹66 a month
  • Spending ₹2,500 or more a month: the ₹1,180 fee is waived
  • Flyers: 8 airport lounge visits a year

Watch-Outs

IDFC FIRST HPCL Power+ Credit Card
  • Only 0.5% on everyday spends outside fuel, grocery and bills
  • Fuel rewards capped at Rs 600 a month
  • Lounge access needs Rs 20,000 spend in the previous month
IndianOil Axis Bank Premium Credit Card
  • Skip it if you spend less than ₹2,500 a month (₹30,000 a year, rent and wallet loads not counted): the ₹1,180 fee is then charged
  • Skip it if most of your spending is rent, wallet top-ups or government payments: those earn nothing on this card
  • Skip it if you pay mostly by UPI: a Visa or Mastercard card cannot pay by UPI
  • Skip it if you rarely spend on Indian Oil: the 4% rate applies only there, everything else earns 0.67%

Card data sourced via CardAdvisor.in (IDFC FIRST HPCL Power+ Credit Card, IndianOil Axis Bank Premium Credit Card), India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.

Questions People Ask

Which has the lower annual fee, IDFC FIRST HPCL Power+ Credit Card or IndianOil Axis Bank Premium Credit Card?

IDFC FIRST HPCL Power+ Credit Card. IDFC FIRST HPCL Power+ Credit Card: ₹499; IndianOil Axis Bank Premium Credit Card: ₹1,000. Check whether a spend-based waiver applies before you decide.

Which is better for spending abroad?

IDFC FIRST HPCL Power+ Credit Card has the lowest forex markup. IDFC FIRST HPCL Power+ Credit Card: 0%; IndianOil Axis Bank Premium Credit Card: 3.5%. The markup is charged on every foreign-currency transaction, before GST.

Which earns more on everyday spending?

On spends outside any bonus category: IndianOil Axis Bank Premium Credit Card 0.67%, IDFC FIRST HPCL Power+ Credit Card 0.5%. Bonus categories, rates limited to named merchants and monthly caps change the picture, so compare the rewards by spend too.

Which gives airport lounge access?

IDFC FIRST HPCL Power+ Credit Card: 4 domestic lounge visits a year; IndianOil Axis Bank Premium Credit Card: 8 domestic lounge visits a year. Some cards need a minimum spend in the quarter before a visit counts, so check the lounge terms.

Can I hold more than one of these cards?

Usually yes, if each bank approves you. Many people keep one card for everyday spending and another for a specific use such as travel. Each application is a separate credit check.

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