vs
In short: Indian Oil Axis Premium has the lower annual fee (₹1,000 vs ₹1,499); BPCL SBI Octane includes 4 airport lounge visits a year, Indian Oil Axis Premium 2 airport lounge visits a quarter; both charge a 3.5% forex markup.
| Key facts | BPCL SBI Octane | Indian Oil Axis Premium |
|---|---|---|
| Annual fee | ₹1,499 | ₹1,000 |
| Joining fee | ₹1,499 | ₹1,000 |
| Annual fee waived | On ₹2 lakh annual spend | On ₹1 lakh annual spend |
| Top reward rate | 25X Reward Points on Fuel Purchases at BPCL Petrol Pumps. | 2 EDGE Miles On Every ₹150 Spent On Grocery & Supermarket |
| Base rewards | 1 Reward Point Per ₹100 Spent on Other Retail Purchases | 1 Edge Mile on Every ₹150 |
| Lounge access | 4 airport lounge visits a year | 2 airport lounge visits a quarter |
| Forex markup | 3.5% | 3.5% |
From issuer benefit data, checked 9 Nov 2026. Milestones, welcome benefits and caps are in the full table below.
Bpcl Sbi Card Octane Visa Credit Card and Indian Oil Axis Bank Premium Credit Card both cater to fuel buyers with rewards tailored to their respective fuel brands, BPCL and IOCL. The Octane card offers higher reward points on BPCL fuel and related spends, while the Axis Bank card provides Edge Miles with a focus on IOCL fuel purchases and grocery spends. Fee structures and lounge access also differ, making each card suitable for different user preferences.
Comparison notes and quick badges use AI, grounded in the benefit data shown in the table. Confirm details on each issuer’s site.
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| Feature | Bpcl Sbi Card Octane Visa Credit Card | Indian Oil Axis Bank Premium Credit Card |
|---|---|---|
| Bank | SBI Cards | Axis Bank |
| Network | Visa | MasterCard |
| Joining fee | Joining Fee of Rs.1499 | Joining Fee of Rs.1000 |
| Annual / renewal fee | Renewal Fee of Rs.1499 | Annual Fee - Rs.1000 |
| Annual fee waiver | Spend Rs.2 Lakhs For Waiver of Renewal Fee | Spend Rs.1 Lakhs For Annual Fee Waiver |
| Top reward rate | 25X Reward Points on Fuel Purchases at BPCL Petrol Pumps. | Earn 2 EDGE Miles On Every Rs.150 Spent On Grocery & Supermarket |
| Base rate (other spends) | Earn 1 Reward Point Per Rs.100 Spent on Other Retail Purchases | Earn 1 Edge Mile on Every Rs.150 |
| Lounge — domestic | 4 Complimentary Airport Lounge Access Per Calendar Year | 2 Complimentary Airport Lounge Access Per Quarter |
| Fuel surcharge waiver | 1% Fuel surcharge waiver on every BPCL transaction | 1% Fuel Surcharge Waiver on IOCL Outlets |
| Welcome benefit | Get 6000 Bonus Reward Points on Payment of Annual Fees | Welcome Benefits - 500 Edge Miles |
| Milestone benefit | E-Gift Vouchers Worth Rs 2000 on Spend of Rs.3 Lakhs | — |
| Foreign currency markup | 3.5% - Foreign Currency Transactions | 3.50% - Foreign Currency Transactions |
The Bpcl Sbi Card Octane Visa Credit Card offers a strong rewards program with 25X points on BPCL fuel purchases and Bharat Gas, plus accelerated points on dining, grocery, and movies. Its base rate is 1 point per Rs.100 spent. In contrast, the Indian Oil Axis Bank Premium Credit Card earns Edge Miles, with a top rate of 6 miles per Rs.150 spent at IOCL and 2 miles on grocery and supermarket spends. The Octane card's rewards are more concentrated on fuel and lifestyle categories, potentially delivering higher value for frequent BPCL users.
Regarding travel benefits, the Bpcl Sbi Card Octane Visa Credit Card provides 4 complimentary domestic airport lounge accesses per calendar year, whereas the Indian Oil Axis Bank Premium Credit Card offers 2 complimentary lounge accesses per quarter, totaling 8 annually. Neither card lists international lounge access in our data. The Octane card’s fewer but possibly more flexible lounge visits may appeal to occasional travelers, while the Axis Bank card suits frequent flyers who can utilize quarterly access.
The Indian Oil Axis Bank Premium Credit Card has a lower joining and renewal fee of Rs.1000 each, with an annual fee waiver on spending Rs.1 lakh. The Bpcl Sbi Card Octane Visa Credit Card charges Rs.1499 for joining and renewal, with a waiver threshold at Rs.2 lakhs. Both cards have a forex markup of 3.5%. Considering fee waivers and base fees, the Axis Bank card is more cost-effective for moderate spenders, while the Octane card may justify its higher fee with stronger rewards for high spenders.
Bpcl Sbi Card Octane Visa Credit Card is tailored for BPCL fuel users with 25X reward points on BPCL petrol pumps and 25 points on Bharat Gas, while Indian Oil Axis Bank Premium Credit Card targets IOCL customers with up to 6 Edge Miles per Rs.150 spent at IOCL outlets. This brand-specific focus can significantly affect rewards value depending on your preferred fuel station.
The Octane card requires Rs.2 lakhs annual spend to waive the Rs.1499 renewal fee, whereas the Axis Bank card waives its Rs.1000 annual fee with Rs.1 lakh spend. This difference makes the Axis Bank card more accessible for fee waiver at lower spend levels.
Consider Bpcl Sbi Card Octane Visa Credit Card if you frequently purchase fuel at BPCL outlets and want accelerated rewards on related categories like dining, grocery, and movies. This card is also suitable if you value a welcome bonus of 6000 reward points and milestone benefits such as e-gift vouchers worth Rs.2000 on annual spends of Rs.3 lakhs. Additionally, if you prefer a Visa network card with domestic lounge access, this card fits well.
Consider Indian Oil Axis Bank Premium Credit Card if you primarily fuel at IOCL stations and want to earn Edge Miles that can be redeemed for travel-related benefits. This card is ideal if you prefer a lower joining fee of Rs.1000 and a lower waiver threshold of Rs.1 lakh for the annual fee. It also suits users who want more frequent lounge access with 2 complimentary visits per quarter and prefer the MasterCard network.
Bpcl Sbi Card Octane Visa Credit Card charges Rs.1499 for joining and renewal with a waiver on renewal fee if you spend Rs.2 lakhs annually. Indian Oil Axis Bank Premium Credit Card has Rs.1000 joining and renewal fees, waived on Rs.1 lakh annual spend.
Bpcl Sbi Card Octane Visa Credit Card offers 25X reward points on BPCL fuel purchases and 25 points on Bharat Gas, while Indian Oil Axis Bank Premium Credit Card offers up to 6 Edge Miles per Rs.150 spent at IOCL outlets.
Yes, the Octane card provides 4 complimentary domestic lounge accesses per year, and the Axis Bank card offers 2 complimentary lounge accesses per quarter. Neither card lists international lounge access in our data.
Both cards charge a forex markup fee of 3.5% on foreign currency transactions.
Bpcl Sbi Card Octane Visa Credit Card offers 6000 bonus reward points on payment of annual fees, while Indian Oil Axis Bank Premium Credit Card provides 500 Edge Miles as a welcome benefit.