Check below for a comparison between Indian Oil Axis Bank vs MY Zone Credit Card or Axis Bank MY Zone Credit Card vs Indian Oil Axis Bank Credit Card and find which is better –
Indian Oil Axis Bank vs MY Zone Credit Card
Table of Contents
Overview of Indian Oil Axis Bank Credit Card
The credit card co-developed by Indian Oil and Axis Bank is tailored for individuals who regularly utilize their vehicles for commuting or travel purposes.
Users have the opportunity to receive a value back of up to 5% on fuel purchases at Indian Oil stations in the shape of fuel points.
Additionally, a welcome bonus of up to 1000 reward points is granted for the initial transaction conducted within 30 days of activating the card.
Overview of Axis Bank MY Zone Credit Card
Offering a plethora of advantages for transactions on Paytm, Myntra, and Swiggy, the MY Zone Credit Card by Axis Bank is complemented by the added advantage of free access to airport lounges.
This credit card, provided by Axis Bank, is devoid of any lifetime charges and is laden with numerous benefits.
Delve into the details to understand the features, advantages, fees, and eligibility criteria associated with this card.
Positioned as an entry-level credit card, the Axis Bank My Zone Credit Card requires a nominal annual fee of just Rs. 500.
Alongside this, cardholders are treated to a complimentary premium subscription to SonyLiv, valued at Rs. 999. Despite its affordable annual fee, the card is packed with added advantages, including special movie and dining offers, free access to domestic airport lounges, and more.
In terms of rewards, users earn 4 EDGE Points for every Rs. 200 spent, with 1 Edge Reward translating to Re. 0.20.
Indian Oil Axis Bank vs MY Zone Credit Card
| Features/Charges | Indian Oil Axis Bank Credit Card | Axis Bank MY Zone Credit Card |
|---|---|---|
| Joining Fees | Rs. 500 | For a payment of Rs. 500, you can enjoy a lifetime free subscription to specific channels with our exclusive offer. |
| Annual Fees | Rs. 500 | Initial year: No cost; subsequent years: Rs. 500, accompanied by a lifetime free deal on designated channels. |
| Welcome Benefits | During the initial 30 days of activating your card, you are eligible to receive a complete refund of your fuel expenses, up to Rs. 250. | Make your first purchase within 30 days of receiving the card, and enjoy a complimentary SonyLiv Premium annual subscription worth Rs. 999. |
| Cashback / Rewards point | The maximum limit for Accelerated EDGE RP on fuel is set at 1000 RP every month, capping the highest fuel expenditure for a 4% return at Rs 5000 per calendar month. While this should suffice for most users, it might be a bit conservative for car owners, especially given the current fuel pricing. | Every Rs. 200 spent using the MY Zone credit card accumulates 4 EDGE reward points. |
| Dining benefits | Under the Dining Delights program, individuals holding the card can enjoy discounts of up to 15% on their dining expenses at affiliated restaurants across India. | Benefit from savings of up to 20% at participating restaurants in India as part of the ‘Dining Delights’ program. |
| Travel benefits | N/A | Take advantage of the opportunity to enjoy up to four free visits per year at eligible airport lounges across India. |
| Annual fees waiver | The annual fee is exempted upon reaching a spending threshold of Rs. 50,000 within a year. | N/A |
| Fuel surcharge waiver | Receive a 1% fuel surcharge waiver on transactions ranging from Rs. 200 to Rs. 5,000 each month, with the opportunity to avail a maximum waiver of Rs. 50 within a statement cycle. | Get a reimbursement of 1% on your transaction amount, with refunds available for fuel transactions within the Rs. 400 to Rs. 4,000 range. Enjoy maximum benefits of up to Rs. 400 each month. |
