Best Indian Oil Credit Card?

[prachetadas09]

Hi people

Looking to get a indian oil credit card or any other card if better cashback, for fuel spends. Which one is best and gives the best cashback returns. My Fuel spends are around 10k-11k per month in Indian oil.

looking for suggestions. Thanks in advance.

 

[Riya Sharma]

Axis IOCL if you can get it LTF

 

[Vasuki]

Hi people

Looking to get a indian oil credit card or any other card if better cashback, for fuel spends. Which one is best and gives the best cashback returns. My Fuel spends are around 10k-11k per month in Indian oil.

looking for suggestions. Thanks in advance.

Axis iocl ( obusly ltf ) - even upi ( no need to carry card)
Amex 🕶️
Try Kotak iocl but i don't have good views on it

 

[vissu295]

I don't know if Citi is giving new cards or not. But, if you can't get Axis IOCL card LTF, try applying for Citi IOCL which has much lower waiver criteria (30k). Maybe, you get an option to convert to Axis IOCL in a year.

 

[prachetadas09]

Axis iocl ( obusly ltf ) - even upi ( no need to carry card)
Amex 🕶️
Try Kotak iocl but i don't have good views on it

Is amex return better than axis iocl ltf? Considering I can do 6 transactions above 1000 in a month.

I got amex gold. Will it be good?

 

[Vasuki]

Is amex return better than axis iocl ltf? Considering I can do 6 transactions above 1000 in a month.

I got amex gold. Will it be good?

Amex better
Don't be dependent on axis

8% is over
4% is just left

 

[prachetadas09]

I don't know if Citi is giving new cards or not. But, if you can't get Axis IOCL card LTF, try applying for Citi IOCL which has much lower waiver criteria (30k). Maybe, you get an option to convert to Axis IOCL in a year.

Hey, just checked citi iocl.

Citi iocl is better than axis iocl, right? Or am I missing something in the lines?

 

[brucelee]

Hey, just checked citi iocl.

Citi iocl is better than axis iocl, right? Or am I missing something in the lines?

Don't fall for Citi iocl, there are lot of restrictions on which bunks you can use at, on which PoS machine it can be swiped. Even with all this, there is some extra surcharge added to the swiped amount and you have to contact, explain the cc to revert the extra charged, they only adjust a partial amt. It's simply not worth the whole effort and with Axis coming in with all this, its only going to be further crap.

 

[vissu295]

Hey, just checked citi iocl.

Citi iocl is better than axis iocl, right? Or am I missing something in the lines?

Axis gives higher CB for fuel purchases. Axis gives 4/1 (fuel/ecommerce) rupee for every 100 rupee, whereas Citi gives 4/2/1 (fuel/grocery/others) fuel rupee/reward points for every 150 rupee. But, Citi has higher 10k purchase cap for fuel spends for reward points, whereas Axis has only 5k cap. Also, these reward points in Citi are worth 1 rupee only for fuel (0.25 rupee for credit to statement). On Axis, they are like EDGE reward points I guess (I don't hold Axis card).

I agree with recent issues of surcharge waiver not being applied and so on with Citi cards. However, I still hold the card as I hope to get equivalent or better Axis card as LTF, while making use of the Citi specific offers which have increased recently.

 

[jk51]

Axis gives higher CB for fuel purchases. Axis gives 4/1 (fuel/ecommerce) rupee for every 100 rupee, whereas Citi gives 4/2/1 (fuel/grocery/others) fuel rupee/reward points for every 150 rupee. But, Citi has higher 10k purchase cap for fuel spends for reward points, whereas Axis has only 5k cap. Also, these reward points in Citi are worth 1 rupee only for fuel (0.25 rupee for credit to statement). On Axis, they are like EDGE reward points I guess (I don't hold Axis card).

I agree with recent issues of surcharge waiver not being applied and so on with Citi cards. However, I still hold the card as I hope to get equivalent or better Axis card as LTF, while making use of the Citi specific offers which have increased recently.

Best use of Citi IOCL is for BB users (esp BB daily) wherein every month from 1st till 7th instant 250 discount is applicable on recharge of 3,000. That’s 8.33% apart from 1.33% (it comes under grocery head) trumping even the benefit being received from fueling. Annual Fee get waived as well while one is at it.

 

[vissu295]

Best use of Citi IOCL is for BB users (esp BB daily) wherein every month from 1st till 7th instant 250 discount is applicable on recharge of 3,000. That’s 8.33% apart from 1.33% (it comes under grocery head) trumping even the benefit being received from fueling.

Exactly! I missed it this month, but waiting for April to start to use it again.

 

[prachetadas09]

Hi again. Thanks for your suggestions. Need a little more help. Please 🙏

I am confused between Axis IOCL vs HDFC IOCL. Please consider my case below:
- I got an Amex Gold where I plan to put my fuel spends up to 6000 in 6 transactions to get Rs ~343 as cashback, (considering I go Gold Milestone benefits & collect 8000 with 24K total rewards)
- For the rest 2K of fuel spends, which one should I use: Axis will give Rs 80 cashback (4% value), HDFC will give Rs 96 (4.8% value)
Also for grocery spends, HDFC IOCL gives ~2% back but Axis gives 1% back

On paper, though marginally, I find HDFC to be better but as I read above and most other threads, Axis is being suggested. Am I missing something here?

(I am a little biased towards HDFC as I already have a account ith them - salary, Infinia card, investments etc. easy for me to pitch for LTF here)

 

[Vasuki]

Hi again. Thanks for your suggestions. Need a little more help. Please 🙏

I am confused between Axis IOCL vs HDFC IOCL. Please consider my case below:
- I got an Amex Gold where I plan to put my fuel spends up to 6000 in 6 transactions to get Rs ~343 as cashback, (considering I go Gold Milestone benefits & collect 8000 with 24K total rewards)
- For the rest 2K of fuel spends, which one should I use: Axis will give Rs 80 cashback (4% value), HDFC will give Rs 96 (4.8% value)
Also for grocery spends, HDFC IOCL gives ~2% back but Axis gives 1% back

On paper, though marginally, I find HDFC to be better but as I read above and most other threads, Axis is being suggested. Am I missing something here?

(I am a little biased towards HDFC as I already have a account ith them - salary, Infinia card, investments etc. easy for me to pitch for LTF here)

Axis gives point in scan & pay to literally every petrol pump with same mcc .

In hdfc u have to constantly see if u got points or not
In hdfc it can be only reddemed for fuel via iocl app.


Axis u can redeem for anything via edge reward points.

U get points in max 3-4 days..
Consistent throughout 8 month for me