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Side-by-Side Comparison|Updated April 2026

Axis Bank Indian Oil Credit Card vs ICICI Bank HPCL Coral Credit Card

Detailed comparison of fees, rewards, benefits, and value to help you choose the right credit card for your spending pattern.

Axis Bank

Axis Bank Indian Oil Credit Card

7.2/10
Annual Fee₹500
Base Rewards0.2%
NetworkRuPay
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ICICI Bank

ICICI Bank HPCL Coral Credit Card

6.5/10
Annual Fee₹199
Base Rewards0.5%
NetworkVisa
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Feature-by-Feature Comparison

FeatureAxis Bank Indian Oil Credit CardICICI Bank HPCL Coral Credit Card
Annual Fee₹500₹199
Joining Fee₹500₹199
Fee Waiver Spend₹3,50,000₹50,000
Base Reward Rate0.2%0.5%
Reward CurrencyEDGE Reward PointsICICI Bank Reward Points
NetworkRuPayVisa
Editor Rating7.2/106.5/10
Forex Markup3.5%3.5%

Accelerated Rewards

Axis Bank Indian Oil Credit Card

  • 0% on Fuel (IOCL) — 1000 pts/month
  • 0% on Online Shopping — 250 pts/month

ICICI Bank HPCL Coral Credit Card

  • 0% on Fuel — 100 pts/month

Pros & Cons

Axis Bank Indian Oil Credit Card

Pros

  • 4% value-back on fuel transactions at IndianOil outlets (20 points per ₹100).
  • 1% value-back on online shopping (5 points per ₹100).
  • 100% cashback up to ₹250 on the first fuel transaction within 30 days.
  • 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000.

Cons

  • Accelerated fuel rewards capped at 1,000 points per month.
  • High annual fee waiver threshold of ₹3.5 lakh for an entry-level card.
  • No complimentary airport lounge access.

ICICI Bank HPCL Coral Credit Card

Pros

  • 2.5% cashback on fuel at HPCL outlets, capped at ₹100 per month.
  • 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at HPCL.
  • 25% discount on movie tickets via BookMyShow and INOX twice a month.
  • Low annual fee of ₹199 with a reachable waiver threshold of ₹50,000.

Cons

  • Fuel cashback is capped at a very low ₹100 per month.
  • Lounge access requires a high quarterly spend of ₹75,000.
  • No reward points on fuel, rent, and wallet load transactions.

Our Verdict

Axis Bank Indian Oil Credit Card edges ahead overall with a stronger combination of rewards and value. However, ICICI Bank HPCL Coral Credit Card could be the better pick if its specific category strengths match your spending habits.

Choose Axis Bank Indian Oil Credit Card if

Strong value-back on fuel at IndianOil outlets makes it ideal for those with high monthly petrol/diesel spends.

Choose ICICI Bank HPCL Coral Credit Card if

Strong fit for those who primarily refuel at HPCL stations and want basic cashback.

Frequently Asked Questions

Which is better: Axis Bank Indian Oil Credit Card or ICICI Bank HPCL Coral Credit Card?
Axis Bank Indian Oil Credit Card edges ahead overall with a stronger combination of rewards and value. However, ICICI Bank HPCL Coral Credit Card could be the better pick if its specific category strengths match your spending habits.
What is the annual fee difference between Axis Bank Indian Oil Credit Card and ICICI Bank HPCL Coral Credit Card?
Axis Bank Indian Oil Credit Card has an annual fee of ₹500, while ICICI Bank HPCL Coral Credit Card has an annual fee of ₹199. Axis Bank Indian Oil Credit Card offers a fee waiver on ₹3,50,000 annual spend. ICICI Bank HPCL Coral Credit Card offers a fee waiver on ₹50,000 annual spend.
Which card has better rewards: Axis Bank Indian Oil Credit Card or ICICI Bank HPCL Coral Credit Card?
Axis Bank Indian Oil Credit Card offers a base reward rate of 0.2% with accelerated rewards on Fuel (IOCL) and Online Shopping. ICICI Bank HPCL Coral Credit Card offers 0.5% base rewards with bonuses on Fuel. The better choice depends on your primary spending categories.
Can I have both Axis Bank Indian Oil Credit Card and ICICI Bank HPCL Coral Credit Card?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. Axis Bank Indian Oil Credit Card and ICICI Bank HPCL Coral Credit Card can complement each other if they cover different reward categories.
Which card is better for beginners: Axis Bank Indian Oil Credit Card or ICICI Bank HPCL Coral Credit Card?
For beginners, ICICI Bank HPCL Coral Credit Card may be more approachable with a lower annual fee of ₹199. However, evaluate based on your expected spending pattern rather than fee alone.

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