vs
In short: Indian Oil Axis Premium has the lower annual fee (₹1,000 vs ₹4,999); both include 2 airport lounge visits a quarter.
| Key facts | Indian Oil Axis Premium | SBI Indigo Elite |
|---|---|---|
| Annual fee | ₹1,000 | ₹4,999 |
| Joining fee | ₹1,000 | ₹4,999 |
| Annual fee waived | On ₹1 lakh annual spend | Not listed |
| Top reward rate | 2 EDGE Miles On Every ₹150 Spent On Grocery & Supermarket | 7 IndiGo BluChips Per ₹100 on IndiGo |
| Base rewards | 1 Edge Mile on Every ₹150 | 2 IndiGo BluChips Per ₹100 on Other Spends |
| Lounge access | 2 airport lounge visits a quarter | 2 airport lounge visits a quarter |
| Forex markup | 3.5% | Not listed |
From issuer benefit data, checked 5 Nov 2026. Milestones, welcome benefits and caps are in the full table below.
The Indian Oil Axis Bank Premium Credit Card and the Sbi Card Indigo Elite Mastercard Credit Card both offer rewards and lounge access, but they cater to different spending habits and travel preferences. The Indian Oil Axis Bank card focuses on fuel and grocery spends with Edge Miles rewards, while the SBI Indigo Elite card is tailored for frequent IndiGo flyers with BluChips rewards and international lounge access. Fee structures and milestone benefits also differ significantly between the two.
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 | Indian Oil Axis Bank Premium Credit Card | Sbi Card Indigo Elite Mastercard Credit Card |
|---|---|---|
| Bank | Axis Bank | SBI Cards |
| Network | MasterCard | MasterCard |
| Joining fee | Joining Fee of Rs.1000 | Joining Fee - Rs.4999 |
| Annual / renewal fee | Annual Fee - Rs.1000 | Renewal Fees - Rs.4999 |
| Annual fee waiver | Spend Rs.1 Lakhs For Annual Fee Waiver | — |
| Top reward rate | Earn 2 EDGE Miles On Every Rs.150 Spent On Grocery & Supermarket | Earn 7 IndiGo BluChips Per Rs.100 on IndiGo |
| Base rate (other spends) | Earn 1 Edge Mile on Every Rs.150 | Earn 2 IndiGo BluChips Per Rs.100 on Other Spends |
| Lounge — domestic | 2 Complimentary Airport Lounge Access Per Quarter | 2 Complimentary Airport Lounge Access Per Quarter |
| Lounge — international | — | 6 Complimentary International Lounge Access Per Year |
| Fuel surcharge waiver | 1% Fuel Surcharge Waiver on IOCL Outlets | 1% Fuel Surcharge Waiver |
| Welcome benefit | Welcome Benefits - 500 Edge Miles | Renewal Benefits - 5000 IndiGo BluChips Voucher |
| Milestone benefit | — | 4 6E Prime Passes on Spend Rs.1Lac; Earn 6000 Bonus IndiGo Bluchips on Spend Rs.3Lac |
| Foreign currency markup | 3.50% - Foreign Currency Transactions | — |
For rewards, the SBI Indigo Elite Mastercard Credit Card offers a higher top reward rate of 7 IndiGo BluChips per Rs.100 spent on IndiGo flights compared to the Indian Oil Axis Bank Premium Credit Card's 6 Edge Miles per Rs.150 spent at IOCL outlets. The SBI card also provides bonus milestones that add substantial IndiGo BluChips on higher spends, enhancing its value for frequent travelers. The Indian Oil card’s rewards are more focused on fuel and grocery spends with a base rate of 1 Edge Mile per Rs.150, which may appeal to everyday spenders but generally yields lower rewards compared to the SBI card’s accelerated travel rewards.
Travel benefits favor the SBI Indigo Elite Mastercard Credit Card due to its 6 complimentary international lounge accesses per year in addition to 2 domestic lounge visits per quarter. The Indian Oil Axis Bank card offers only 2 complimentary domestic lounge accesses per quarter. Additionally, the SBI card’s co-branding with IndiGo provides travel-centric rewards and milestone benefits like 6E Prime Passes, making it more suitable for frequent flyers. The Indian Oil card’s international lounge access is not listed in our data.
The Indian Oil Axis Bank Premium Credit Card has a significantly lower joining and renewal fee of Rs.1000, which can be waived by spending Rs.1 lakh annually, making it more cost-effective for moderate spenders. In contrast, the SBI Indigo Elite Mastercard Credit Card has a high joining and renewal fee of Rs.4999 with no fee waiver mentioned, which may be justified only if the cardholder fully utilizes its travel and milestone benefits. Forex markup fees are 3.5% on the Indian Oil card, while the SBI card’s forex fees are not listed in our data.
The SBI Indigo Elite Mastercard Credit Card is co-branded with IndiGo, offering accelerated rewards on IndiGo spends and travel-related milestone benefits such as 6E Prime Passes. The Indian Oil Axis Bank card focuses on fuel and grocery spends with Edge Miles but its international lounge access is not listed in our data.
The Indian Oil Axis Bank card allows an annual fee waiver on spending Rs.1 lakh, making it more accessible for moderate spenders. The SBI Indigo Elite card has a higher fee with no waiver listed, which means its value depends on heavy usage of travel benefits and milestones.
Consider Indian Oil Axis Bank Premium Credit Card if you are looking for a low-fee card that rewards fuel and grocery spends with Edge Miles and offers basic domestic lounge access. It is suitable if you prefer a card with a manageable annual fee waiver condition and primarily spend on IOCL fuel stations and supermarkets.
Consider Sbi Card Indigo Elite Mastercard Credit Card if you frequently fly with IndiGo and want to maximize travel rewards through BluChips, enjoy international lounge access, and benefit from milestone bonuses that reward high annual spends. This card is ideal for travelers who can justify the higher fees with its premium travel perks and co-branded rewards.
The SBI Indigo Elite Mastercard Credit Card offers 2 complimentary domestic lounge visits per quarter plus 6 international lounge accesses per year, whereas the Indian Oil Axis Bank Premium Credit Card offers only 2 domestic lounge accesses per quarter. The Indian Oil card’s international lounge access is not listed in our data.
Both cards offer a 1% fuel surcharge waiver. The Indian Oil Axis Bank card’s waiver applies specifically at IOCL outlets, while the SBI Indigo Elite card’s waiver is general with a maximum cap of Rs.400.
The SBI Indigo Elite Mastercard Credit Card provides several milestone benefits, including bonus IndiGo BluChips and 6E Prime Passes on specified spends. The Indian Oil Axis Bank Premium Credit Card does not list milestone benefits in our data.
The Indian Oil Axis Bank Premium Credit Card charges a 3.5% forex markup fee on foreign currency transactions. The forex markup fee for the SBI Indigo Elite Mastercard Credit Card is not listed in our data.
The Indian Oil Axis Bank Premium Credit Card’s annual fee of Rs.1000 can be waived by spending Rs.1 lakh annually. The SBI Indigo Elite Mastercard Credit Card has an annual fee of Rs.4999 with no fee waiver mentioned in our data.