Check below for a comparison between Axis Bank Neo vs IndianOil HDFC Credit Card or IndianOil HDFC Bank vs Axis Bank Neo Credit Card and find which is better –
In the realm of credit cards tailored for diverse spending habits, the comparison between the Axis Bank Neo Credit Card and the IndianOil HDFC Credit Card unfolds as a strategic choice for individuals navigating everyday expenses.
The Axis Bank Neo Credit Card, designed for the digital-savvy consumer, offers exclusive rewards on online shopping, mobile recharges, and dining, aligning with the modern lifestyle.
On the other hand, the IndianOil HDFC Credit Card caters specifically to those mindful of fuel expenditures, providing compelling cashback and rewards on fuel transactions at IndianOil outlets.
This comprehensive analysis delves into the distinctive features of each card, empowering users to make an informed decision based on their specific spending patterns, preferences, and lifestyle choices.
Whether you prioritize digital-centric benefits or seek savings on fuel expenses, understanding the nuanced attributes of these credit cards will guide you toward the one that seamlessly aligns with your financial goals and individual aspirations.
Table of Contents
Overview of Axis Bank Neo Credit Card
The Axis Bank Neo Credit Card, issued by the bank, provides diverse benefits such as discounts, cash-back, and reward points for shopping.
It stands out as an excellent choice for millennials. In addition to earning Edge Reward Points on regular expenses, cardholders enjoy attractive discounts on partner brands like Zomato, Myntra, and Paytm.
For entertainment, there’s a 10% discount on BookMyShow movie bookings using this card. Extra perks comprise a 1% fuel surcharge waiver, enticing discounts from partner brands, and more.
Overview of IndianOil HDFC Bank Credit Card
Accumulating fuel points through your purchases can result in obtaining up to 50 liters of complimentary fuel annually.
Furthermore, the card provides access to the IndianOil XTRAREWARDS Program (IXRP), enabling you to redeem fuel points at a favourable rate of 1 FP = Re. 0.96.
This redemption rate is quite beneficial. Beyond fuel, your earned points can be utilized for the redemption of products, vouchers, and various other categories. The card involves a nominal joining fee of Rs 500, but this fee can be waived if you spend Rs 20,000 within the initial 90 days of card issuance.
| Features/Charges | Axis Bank Neo Credit Card | IndianOil HDFC Bank Credit Card |
|---|---|---|
| Joining Fees | A fee of Rs.250 will be waived if you spend Rs.2,500 within 45 days. | Rs. 500 |
| Annual Fees | Rs.250 | Rs. 500 |
| Welcome Benefits | Receive introductory vouchers from either Amazon or BookMyShow | N/A |
| Cashback / Rewards point | Accumulate 2 reward points for each Rs.200 spent with the Neo credit card | Receive 5% of your spending as Fuel Points when making purchases at IndianOil outlets, as well as on groceries and bill payments. Additionally, earn 1 Fuel Point for every Rs. 150 spent on all other transactions. With a potential reward rate reaching up to 4.8%, this credit card proves to be an exceptionally rewarding choice for fuel expenses and everyday spending. |
| Dining benefits | Enjoy a 40% discount on food delivery when placing an order through Zomato. | Enjoy a fivefold increase in reward points for all dining expenses when using this card. |
| Travel benefits | N/A | N/A |
| Annual fees waiver | N/A | If the annual spending on this card exceeds Rs. 1,50,000, the annual fee is exempted. |
| Fuel surcharge waiver | Enjoy a 1% waiver on fuel surcharge at any fuel station across India. | Employ this card for transactions at fuel stations nationwide and benefit from a 1% fuel surcharge waiver, applicable on transactions exceeding Rs. 4000. |
