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Side-by-Side Comparison|Updated April 2026

IndianOil Axis Bank Premium Credit Card vs Axis Bank Horizon Credit Card

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

Axis Bank

IndianOil Axis Bank Premium Credit Card

8/10
Annual Fee₹1,000
Base Rewards0.13333333333333336%
NetworkVisa
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Axis Bank

Axis Bank Horizon Credit Card

8.2/10
Annual Fee₹3,000
Base Rewards2%
NetworkVisa
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Feature-by-Feature Comparison

FeatureIndianOil Axis Bank Premium Credit CardAxis Bank Horizon Credit Card
Annual Fee₹1,000₹3,000
Joining Fee₹1,000₹3,000
Fee Waiver Spend₹1,00,000N/A
Base Reward Rate0.13333333333333336%2%
Reward CurrencyEDGE MilesEDGE Miles
NetworkVisaVisa
Editor Rating8/108.2/10
Forex Markup3.5%3.5%

Accelerated Rewards

IndianOil Axis Bank Premium Credit Card

  • 0% on Fuel (IOCL) — 15000 pts/month
  • 0% on Grocery & Supermarket — 5000 pts/month

Axis Bank Horizon Credit Card

  • 0% on Direct Airline Websites
  • 0% on Axis Bank Travel EDGE Portal

Pros & Cons

IndianOil Axis Bank Premium Credit Card

Pros

  • 4% value back on IOCL fuel spends with a high monthly cap of ₹15,000.
  • 1:1 redemption ratio for EDGE Miles against fuel at IOCL outlets.
  • 2 complimentary domestic lounge visits per quarter (subject to spend criteria).
  • 30% discount on Zomato food delivery twice a month.

Cons

  • Requires ₹50,000 spend in the previous quarter for lounge access.
  • Low base reward rate of 0.67% on general spends.
  • Reward exclusions on rent, insurance, utilities, and government payments.

Axis Bank Horizon Credit Card

Pros

  • High domestic lounge access limit of up to 32 visits per year.
  • Accelerated 5 EDGE Miles per ₹100 on direct airline spends and Travel EDGE.
  • 1:1 transfer ratio to 15+ major airline and hotel partners.
  • Welcome bonus of 5,000 EDGE Miles effectively offsets the joining fee.

Cons

  • No annual fee waiver based on spending milestones.
  • Standard 3.5% forex markup is high for a travel-focused card.
  • Reward exclusions on utilities, rent, fuel, and insurance.

Our Verdict

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

Choose IndianOil Axis Bank Premium Credit Card if

Offers significant 4% value back on fuel with a generous ₹15,000 monthly cap.

Choose Axis Bank Horizon Credit Card if

Offers one of the highest domestic lounge access limits (8/quarter) in its fee segment.

Frequently Asked Questions

Which is better: IndianOil Axis Bank Premium Credit Card or Axis Bank Horizon Credit Card?
Axis Bank Horizon Credit Card edges ahead overall with a stronger combination of rewards and value. However, IndianOil Axis Bank Premium Credit Card could be the better pick if its specific category strengths match your spending habits.
What is the annual fee difference between IndianOil Axis Bank Premium Credit Card and Axis Bank Horizon Credit Card?
IndianOil Axis Bank Premium Credit Card has an annual fee of ₹1,000, while Axis Bank Horizon Credit Card has an annual fee of ₹3,000. IndianOil Axis Bank Premium Credit Card offers a fee waiver on ₹1,00,000 annual spend.
Which card has better rewards: IndianOil Axis Bank Premium Credit Card or Axis Bank Horizon Credit Card?
IndianOil Axis Bank Premium Credit Card offers a base reward rate of 0.13333333333333336% with accelerated rewards on Fuel (IOCL) and Grocery & Supermarket. Axis Bank Horizon Credit Card offers 2% base rewards with bonuses on Direct Airline Websites and Axis Bank Travel EDGE Portal. The better choice depends on your primary spending categories.
Can I have both IndianOil Axis Bank Premium Credit Card and Axis Bank Horizon Credit Card?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. IndianOil Axis Bank Premium Credit Card and Axis Bank Horizon Credit Card can complement each other if they cover different reward categories.
Which card is better for beginners: IndianOil Axis Bank Premium Credit Card or Axis Bank Horizon Credit Card?
For beginners, IndianOil Axis Bank Premium Credit Card may be more approachable with a lower annual fee of ₹1,000. However, evaluate based on your expected spending pattern rather than fee alone.

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