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Amex Membership Rewards CC vs Axis IOCL Credit Card

Honest side-by-side comparison of Amex Membership Rewards CC, Axis IOCL Credit Card — annual fees, reward rates, income eligibility, and estimated net annual value on the same spend profile.

Same spend profile for all cards. How we calculate net annual value

Customize your spend

Change spend profile or swap cards — results update live below.

Spend assumptions

All cards use the same monthly spend profile. Saved spends from the quiz or a card page load automatically.

Amex Membership Rewards CC

American Express

Axis IOCL Credit Card

Axis Bank

Your adjusted comparison

Feature
Amex Membership Rewards CC credit card

Amex Membership Rewards CC

American Express

Axis IOCL Credit Card

Axis IOCL Credit Card

Axis Bank

Fees & eligibility
Annual fee₹4,500₹500
Fee waiver thresholdWaived at ₹1,50,000/yr spendWaived at ₹3,50,000/yr spend
Min income₹60,000/mo₹25,000/mo
Secured / FD-backedStandardStandard
Rewards
Net annual value (moderate)₹1,116/yr₹1,046/yr
Online shopping—₹5,000 → 250 pts/mo × ₹0.20/pt = ₹50.00/mo (₹600/yr) · cap reached
Fuel—₹900 → 180 pts/mo × ₹0.20/pt = ₹36/mo (₹432/yr) · issuer max ₹5,000/mo
Top reward rate2 RP/₹15020 Edge Miles/₹100
Primary reward capNo monthly cap published₹5,000 eligible spend/mo
Perks & restrictions
Lounge accessNoneNone
UPI rewardsNot supported (Visa/MC)Earns: Earns on eligible UPI spends via the RuPay variant · cap Per Axis MITC
Key exclusionsEMI · Fuel · Rent · Some small merchantsNon-IOCL fuel · EMI · Rent
Bonuses
Signup bonus₹4,000—

Stack mode (hold both)

Cap-aware split: ~₹2,836/yr combined NAV (₹1,720 vs best solo). Both annual fees apply.

Amex Membership Rewards CC details →Axis IOCL Credit Card details →

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Reference summary

At a glance (moderate spend)

Quick verdict: On moderate spend, Amex Membership Rewards CC leads Axis IOCL Credit Card by about ₹70/yr in estimated net value.

Spend assumptions for this table

Moderate user spend profile · ₹31,000/mo

₹31,000/month total spend — typical India user

Online ₹8,000 · Groceries ₹5,000 · Other ₹4,000 · Dining ₹3,500 · Bills ₹3,500

Amex Membership Rewards CC vs Axis IOCL Credit Card comparison table
FeatureAmex Membership Rewards CC

American Express

Axis IOCL Credit Card

Axis Bank

Fees & eligibility
Annual fee₹4,500₹500
Fee waiver thresholdWaived at ₹1,50,000/yr spendWaived at ₹3,50,000/yr spend
Min income₹60,000/mo₹25,000/mo
Secured / FD-backedStandardStandard
Rewards
Net annual value (moderate)₹1,116/yr₹1,046/yr
Online shopping—₹5,000 → 250 pts/mo × ₹0.20/pt = ₹50.00/mo (₹600/yr) · cap reached
Fuel—₹900 → 180 pts/mo × ₹0.20/pt = ₹36/mo (₹432/yr) · issuer max ₹5,000/mo
Top reward rate2 RP/₹15020 Edge Miles/₹100
Primary reward capNo monthly cap published₹5,000 eligible spend/mo
Perks & restrictions
Lounge accessNoneNone
UPI rewardsNot supported (Visa/MC)Earns: Earns on eligible UPI spends via the RuPay variant · cap Per Axis MITC
Key exclusionsEMI · Fuel · Rent · Some small merchantsNon-IOCL fuel · EMI · Rent
Bonuses
Signup bonus₹4,000—

Frequently asked questions

Which card has the lower annual fee?
Axis IOCL Credit Card has the lowest annual fee at ₹500.
Which card earns more on moderate spend?
Amex Membership Rewards CC leads with an estimated ₹1,116/yr net annual value on moderate spend.
Which card has the lower income requirement?
Axis IOCL Credit Card lists a minimum monthly income of ₹25,000.
Does this comparison pull my credit score?
No. CardHungry estimates net value from public fee and reward rules only — no bureau check.

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