Which is the best for fuel purchases IndianOil Axis Bank Credit Card or BPCL SBI Credit Card

 Key Discussion

Both IndianOil Axis Bank Credit Card and BPCL SBI Credit Card are co-branded credit cards that offer rewards and benefits on fuel purchases.

The IndianOil Axis Bank Credit Card offers 4% cashback on fuel purchases made at IndianOil outlets and 1% cashback on other retail transactions. 

The card also offers a 1% fuel surcharge waiver on all fuel transactions up to a maximum of Rs. 250 per statement cycle. The card offers discounts and cashback on dining, shopping, and movie tickets.

The BPCL SBI Credit Card also offers 3.25% cashback on fuel purchases made at BPCL petrol pumps and 1% cashback on other retail transactions. The card also offers a 1% fuel surcharge waiver on all fuel transactions up to a maximum of Rs100 per statement cycle—additionally, the card rewards dining, groceries, and departmental store purchases.

  

Both cards have similar rewards and benefits on fuel purchases, but the IndianOil Axis Bank Credit Card offers higher cashback and fuel surcharge waiver limits. However, the BPCL SBI Credit Card offers rewards on a wider range of retail transactions. Ultimately, the better card for you will depend on your spending habits and preferences.

The value of 1 reward point in rupee :

The value of 1 reward point in rupee varies for IndianOil Axis Bank Credit Card and BPCL SBI Credit Card. Here are the current reward point redemption rates for both cards:

• IndianOil Axis Bank Credit Card: 1 reward point = Rs. 0.20
• BPCL SBI Credit Card: 1 reward point = Rs. 0.25

 You can redeem 4 reward points for both cards to get Rs. 1 in value. However, it's important to note that the redemption options and rates may occasionally change, so it's best to check with the respective banks for the latest redemption rates and options.

The Redemption options:

The redemption options for both IndianOil Axis Bank Credit Card and BPCL SBI Credit Card may vary but typically include the following:

• Fuel: You can redeem your reward points to purchase fuel at participating stations. Both cards offer a high redemption rate for fuel purchases.
• Gift Vouchers: You can also redeem your reward points for gift vouchers from a range of popular brands, such as Amazon, Flipkart, Lifestyle, and more.
• Merchandise: Both cards also offer a range of merchandise that you can redeem your reward points for, including electronics, home appliances, and other products.
• Statement Credit: You can redeem your reward points as a statement credit, reducing your outstanding credit card balance.
• Airline Miles: Some credit cards may also offer the option to convert your reward points into airline miles, which you can use to book flight tickets or upgrade your existing booking.

It's important to note that the redemption options and rates may occasionally vary, so it's best to check with the respective banks for the latest redemption options and rates.

The joining fee and joining reward :

The joining fee and joining reward for IndianOil Axis Bank Credit Card and BPCL SBI Credit Card are as follows:

• IndianOil Axis Bank Credit Card: The joining fee for this credit card is Rs. 500. However, if the cardholder spends Rs. 1,000 or more within 45 days of card issuance, the joining fee is waived off. The joining reward for this credit card is 1000 Axis eDGE reward points.
• BPCL SBI Credit Card: The joining fee for this credit card is Rs. 499. However, the joining fee is waived if the cardholder spends Rs. 2,000 or more within 60 days of card issuance. The joining reward for this credit card is 2,000 BPCL fuel points.

The AMC charges:

The AMC charges for IndianOil Axis Bank Credit Card and BPCL SBI Credit Card are as follows:

• IndianOil Axis Bank Credit Card: The annual fee for this credit card is Rs. 500. However, the fee is waived off if the cardholder spends Rs. 50,000 or more in the previous year.
• BPCL SBI Credit Card: The annual fee for this credit card is Rs. 499. However, the fee is waived if the cardholder spends Rs. 50,000 or more in the previous year.

CONCLUSION:

I FOUND OUT THAT AXIS BANK CREDIT CARD IS MORE VALUABLE THAN BPCL IN MATHEMATICAL TERMS IT IS .75% MORE REWARD THAN BPCL AND WHERE BPCL HAS A REWARD LIMIT OF UPTO 10000 RUPEES ON FUEL SPENDING IOCL CREDIT CARD HAS REWARD POINTS UPTO 25000. WHICH GIVES YOU MORE REWARD POINTS.

  REMEMBER IF YOUR MAIN GOAL IS TO GET REWARD POINTS BY FUEL SPENDING THEN NEVER SWAP MORE THAN 4500 RUPEES IN ONE TRANSACTION.

If you want to know more and want to apply, click on 

IndianOil Axis Bank Credit Card. 

If you want to know more and want to apply, click on

 BPCL SBI Credit Card.

THANK YOU