1 EDGE Miles / ₹150 · Up to 6 EDGE Miles / ₹150 on IndianOil
Strong data Pairwise comparison
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Axis Bank IndianOil Axis Bank Premium RuPay vs ICICI Bank MakeMyTrip Credit Cards – Fees, Lounge, Forex
Side-by-side comparison of the Axis Bank IndianOil Axis Bank Premium RuPay and the ICICI Bank MakeMyTrip. Verify fees, lounge access, forex markup, and base rewards before you apply.
The short answer
VerdictPick IndianOil Axis Bank Premium RuPay for upi.
Pick MakeMyTrip for spending abroad.
Head-to-head
Three core metrics- Annual fee MakeMyTrip saves ₹1/yrIndianOil Axis Bank Premium RuPay ₹1,000 Waivable at ₹30,000 spendMakeMyTrip ₹999 Waivable at ₹3,00,000 spend
- Forex markup MakeMyTrip saves ~₹2,510 per ₹1L abroadIndianOil Axis Bank Premium RuPay 3.5%MakeMyTrip 0.99%
- Domestic lounge IndianOil Axis Bank Premium RuPay 8/year (2 per quarter) Conditional · Domestic: 2/quarter · requires ₹50,000 spend in the previous 3 calendar monthsMakeMyTrip 8/year (2 per quarter)
Reward earning explained
Per card1 myCash / ₹100
Strong dataPick based on what matters
5 dimensionsStart with the constraint you care about most: annual fee (Axis Bank IndianOil Axis Bank Premium RuPay: ₹1,000 vs ICICI Bank MakeMyTrip: ₹999), forex markup (3.5% vs 0.99%), or lounge access (8/year (2 per quarter) vs 8/year (2 per quarter)).
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Travel Insufficient data Insufficient data to compare travel
Only ICICI Bank MakeMyTrip has comparable evidence here. Forex markup is 0.99%.
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Forex markup ICICI Bank MakeMyTrip wins ICICI Bank MakeMyTrip is better for forex
ICICI Bank MakeMyTrip is stronger here. Forex markup is 0.99%.
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Lounge access Tie Both cards are similar for lounge access
Domestic lounge access is 2 per quarter.
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Rewards Tie Both cards are similar for rewards
Axis Bank IndianOil Axis Bank Premium RuPay conservative base value ~0.7% vs ICICI Bank MakeMyTrip's ~1%. ICICI Bank MakeMyTrip conservative base value ~1% vs Axis Bank IndianOil Axis Bank Premium RuPay's ~0.7%.
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upi Axis Bank IndianOil Axis Bank Premium RuPay wins Axis Bank IndianOil Axis Bank Premium RuPay is better for UPI usage
Axis Bank IndianOil Axis Bank Premium RuPay is stronger here. Supports UPI via RuPay network.
All fields
Example usage at this monthly spend
At ₹50k/month spend:
- MakeMyTrip ICICI Bank: ~₹500/month at base rate
- IndianOil Axis Bank Premium: ~₹330/month at base rate
Illustrative only, using current base rates before caps.
| Field | IndianOil Axis Bank Premium RuPay Axis Bank | MakeMyTrip ICICI Bank |
|---|---|---|
| Insurance — Air accident cover Only available for MakeMyTrip ICICI Bank | Not specified | ₹1 crore |
| Insurance — Personal accident cover Only available for MakeMyTrip ICICI Bank | Not specified | ₹1 crore |
| Lounge Access | ||
| Domestic lounge visits spend-gated on some cards — see caveats | 8/year (2 per quarter) | 8/year (2 per quarter) |
| International lounge visits Not included vs 1 per year | No international lounge access | 1 per year |
| Forex / International Use | ||
| Forex markup Source agreement differs — verify both. 3.5% vs 0.99% | 3.5% | 0.99% |
| Fees | ||
| Recurring annual fee ₹1,000 vs ₹999 | ₹1,000 | ₹999 |
| Annual-fee waiver ₹30,000 vs ₹3,00,000 | ₹30,000 | ₹3,00,000 |
| Interest-free period Up to 50 days vs Up to 48 days | Up to 50 days | Up to 48 days |
| Monthly interest rate | 3.75% / month | 3.75% / month |
| Fuel benefit Only available for IndianOil Axis Bank Premium | 1% surcharge waiver | Not specified |
| Rewards | ||
| Base earn Some reward lanes are unsupported — base rate only for comparison. 1 EDGE Miles / ₹150 vs 1 myCash / ₹100 | 1 EDGE Miles / ₹150 | 1 myCash / ₹100 |
| Conservative base value ~0.7% vs ~1% | ~0.7% | ~1% |
| Earn ceiling 600 EDGE Miles per month; at 6 EDGE Miles / ₹150, this lane reaches the cap at ₹15,000 of eligible spend vs Not stated | 600 EDGE Miles per month; at 6 EDGE Miles / ₹150, this lane reaches the cap at ₹15,000 of eligible spend | Not stated |
| Point value (headline channel) Issuer headline redemption rate — see each card page for the full channel grid. | ₹1 | ₹1 |
Notes
- IndianOil Axis Bank Premium Credit Card: Condition: ₹50,000 spend in the previous 3 calendar months
- Card benefits change frequently. Always verify current terms on the issuer's official website or app before applying.
Axis Bank IndianOil Axis Bank Premium RuPay
Verify with issuer , opens external siteICICI Bank MakeMyTrip
Verify with issuer , opens external site