2 EDGE Reward Points / ₹100
Strong data Pairwise comparison
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Axis Bank My Zone vs HDFC Bank IndianOil Credit Cards – Fees, Lounge, Forex
Side-by-side comparison of the Axis Bank My Zone and the HDFC Bank IndianOil. Verify fees, lounge access, forex markup, and base rewards before you apply.
The short answer
VerdictNo decisive winner on the core dimensions — the head-to-head below shows where the small differences are.
Head-to-head
Three core metrics- Annual fee My Zone ₹500 Annual-fee waiver not offeredIndianOil ₹500 Waivable at ₹50,000 spend
- Forex markup My Zone 3.5%IndianOil 3.5%
- Domestic lounge My Zone 4/year (1 per quarter) Conditional · Domestic: 1/quarter · requires ₹50,000 spend in the previous 3 calendar monthsIndianOil Lounge access not verified
Reward earning explained
Per card1 Fuel Points / ₹150
Strong dataPick based on what matters
3 dimensionsStart with the constraint you care about most: annual fee (Axis Bank My Zone: ₹500 vs HDFC Bank IndianOil: ₹500), forex markup (3.5% vs 3.5%), or lounge access (4/year (1 per quarter) vs Lounge access not verified).
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Forex markup Tie Both cards are similar for forex
Forex markup is 3.5%.
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Lounge access Tie Both cards are similar for lounge access
Domestic lounge access is 1 per quarter. No verified lounge entitlement or explicit no-lounge evidence on file.
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Rewards Tie Both cards are similar for rewards
Axis Bank My Zone conservative base value ~0.4% vs HDFC Bank IndianOil's ~0.1%. HDFC Bank IndianOil conservative base value ~0.1% vs Axis Bank My Zone's ~0.4%.
All fields
Example usage at this monthly spend
At ₹50k/month spend:
- My Zone: ~₹200/month at base rate
- IndianOil HDFC Bank: ~₹70/month at base rate
Illustrative only, using current base rates before caps.
| Field | My Zone Axis Bank | IndianOil HDFC Bank |
|---|---|---|
| Lounge Access | ||
| Domestic lounge visits spend-gated on some cards — see caveats Only available for My Zone | 4/year (1 per quarter) | Not specified |
| Forex / International Use | ||
| Forex markup | 3.5% | 3.5% |
| Fees | ||
| Recurring annual fee | ₹500 | ₹500 |
| Annual-fee waiver Not offered vs ₹50,000 | Not offered | ₹50,000 |
| Monthly interest rate | 3.75% / month | 3.75% / month |
| Late-payment charge Only available for IndianOil HDFC Bank | Not specified | ₹100–₹1,300 depending on outstanding balance |
| Fuel benefit 1% surcharge waiver · ₹400–₹4,000 transactions · ₹500/month waiver cap · Fuel rewards excluded vs 1% surcharge waiver · ₹400–₹5,000 transactions · ₹250/month waiver cap · Fuel rewards excluded | 1% surcharge waiver · ₹400–₹4,000 transactions · ₹500/month waiver cap · Fuel rewards excluded | 1% surcharge waiver · ₹400–₹5,000 transactions · ₹250/month waiver cap · Fuel rewards excluded |
| Rewards | ||
| Base earn Some reward lanes are unsupported — base rate only for comparison. 2 EDGE Reward Points / ₹100 vs 1 Fuel Points / ₹150 | 2 EDGE Reward Points / ₹100 | 1 Fuel Points / ₹150 |
| Conservative base value ~0.4% vs ~0.1% | ~0.4% | ~0.1% |
| Earn ceiling Not stated vs 150 Fuel Points per month; at 5%, this lane reaches the cap at ₹3,000 of eligible spend | Not stated | 150 Fuel Points per month; at 5%, this lane reaches the cap at ₹3,000 of eligible spend |
| Point value (headline channel) Issuer headline redemption rate — see each card page for the full channel grid. ₹0.2 vs ₹0.96 | ₹0.2 | ₹0.96 |
| Point validity Only available for IndianOil HDFC Bank | Not specified | 2 years |
Notes
- Axis Bank My Zone 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 My Zone
Verify with issuer , opens external siteHDFC Bank IndianOil
Verify with issuer , opens external site