vs
In short: ICICI Amazon Pay has the lower annual fee (none vs ₹500); both charge a 3.5% forex markup.
| Key facts | ICICI Amazon Pay | Axis IndianOil |
|---|---|---|
| Annual fee | None | ₹500 |
| Joining fee | None | ₹500 |
| Annual fee waived | Not listed | On ₹3.5 lakh annual spend |
| Top reward rate | 5% Cashback For Amazon Prime Member | 1 reward points For Every ₹100 |
| Base rewards | 1% Cashback on Other Merchants Outside Amazon.in For Amazon Prime Member | 1 reward points For Every ₹100 |
| Forex markup | 3.5% | 3.5% |
From issuer benefit data, checked 5 Nov 2026. Milestones, welcome benefits and caps are in the full table below.
The Icici Bank Amazon Pay Visa Credit Card offers no joining or annual fees and is tailored for Amazon Prime members with up to 5% cashback on Amazon spends. The Indianoil Axis Bank Credit Card has a joining fee of Rs.500 and an annual fee from the second year onwards, which can be waived by spending Rs.3.5 lakhs annually. Both cards have a 3.5% forex markup and a 1% fuel surcharge waiver, but they differ significantly in rewards focus and fee structure.
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 | Icici Bank Amazon Pay Visa Credit Card | Indianoil Axis Bank Credit Card |
|---|---|---|
| Bank | ICICI Bank | Axis Bank |
| Network | Visa | Rupay |
| Joining fee | No Joining Fees | Joining Fee of Rs.500 |
| Annual / renewal fee | No Annual Fee | Second Year Onwards Annual Fee of Rs. 500 |
| Annual fee waiver | — | Spend Rs.3.5 Lakhs For Annual Fee Waiver |
| Top reward rate | Earn 5% Cashback For Amazon Prime Member | Earn 1 Rewards Points For Every Rs.100 |
| Base rate (other spends) | Earn 1% Cashback on Other Merchants Outside Amazon.in For Amazon Prime Member | — |
| Fuel surcharge waiver | 1% Fuel Surcharge Waiver | 1% Fuel Surcharge Waiver |
| Welcome benefit | 100% Back up to Rs.200 on Amazon Shopping For Prime Members | Welcome Benefit - Earn 100% valueback on Fuel |
| Foreign currency markup | 3.5% - Foreign Currency Transactions | 3.5% - Foreign Currency Transactions |
For rewards, the Icici Bank Amazon Pay Visa Credit Card stands out especially for Amazon Prime members, offering 5% cashback on Amazon spends and 5% on travel, with a base cashback of 1% elsewhere. Non-Prime members still earn decent cashback rates, including 3% on travel. In contrast, the Indianoil Axis Bank Credit Card offers 1 reward point per Rs.100 spent with accelerated points at IOCL fuel outlets and online shopping but lacks direct cashback benefits. Therefore, for higher and more straightforward cashback earnings, the Amazon Pay card is preferable.
Both cards provide travel-related benefits but in different ways. The Amazon Pay card offers up to 5% cashback on travel for Prime members and 3% for others, making it attractive for travel spend. The Indianoil Axis Bank Credit Card does not list specific travel rewards but allows redemption of points against travel vouchers. Lounge access benefits are not listed in our data for one or both cards. Hence, for direct travel rewards, the Amazon Pay card has an edge, though the difference is moderate.
The Icici Bank Amazon Pay Visa Credit Card has no joining or annual fees, making it cost-effective for all users. The Indianoil Axis Bank Credit Card charges Rs.500 as joining and annual fees from the second year, with a waiver available only after spending Rs.3.5 lakhs annually, which may not be feasible for all. Both cards have a 3.5% forex markup and a 1% fuel surcharge waiver. Overall, the Amazon Pay card is more beginner-friendly and economical.
The Icici Bank Amazon Pay Visa Credit Card is co-branded with Amazon and offers significant cashback benefits specifically for Amazon Prime members, including on Amazon Pay gift cards and partners. The Indianoil Axis Bank Credit Card is co-branded with IOCL, focusing on accelerated reward points at IOCL fuel outlets, making it niche for fuel spenders.
The Amazon Pay card has no fees to worry about, while the Indianoil Axis Bank Credit Card requires an annual spend of Rs.3.5 lakhs to waive the Rs.500 annual fee from the second year onwards. This makes the Amazon Pay card simpler and potentially more cost-effective for moderate spenders.
Consider Icici Bank Amazon Pay Visa Credit Card if you are an Amazon Prime member or frequent Amazon shopper looking for high cashback rates, especially on Amazon and travel spends, and prefer a card with no joining or annual fees. This card suits users who want straightforward cashback benefits without fee concerns.
Consider Indianoil Axis Bank Credit Card if you frequently purchase fuel at IOCL outlets and want accelerated reward points on fuel and online shopping. This card may appeal if you are comfortable paying an annual fee or can meet the Rs.3.5 lakh spend requirement to waive it. It is more suited for users focused on fuel rewards rather than broad cashback.
No, the Icici Bank Amazon Pay Visa Credit Card has no joining fees and no annual fees.
The Indianoil Axis Bank Credit Card charges a joining fee of Rs.500 and an annual fee of Rs.500 from the second year onwards, which can be waived if you spend Rs.3.5 lakhs annually.
The Icici Bank Amazon Pay Visa Credit Card offers up to 5% cashback on travel for Amazon Prime members and 3% for non-Prime members, while the Indianoil Axis Bank Credit Card does not list specific travel rewards but allows points redemption for travel vouchers.
Both cards charge a forex markup fee of 3.5% on foreign currency transactions.
Lounge access benefits are not listed in our data for one or both cards; please check with the issuer for details.
Both cards offer a 1% fuel surcharge waiver on fuel spends in India.