CardHungry

Side-by-side · honest numbers

Axis IOCL Credit Card vs PhonePe SBI Card PURPLE

Honest side-by-side comparison of Axis IOCL Credit Card, PhonePe SBI Card PURPLE — 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.

Axis IOCL Credit Card

Axis Bank

PhonePe SBI Card PURPLE

SBI Card

Your adjusted comparison

Feature
Axis IOCL Credit Card

Axis IOCL Credit Card

Axis Bank

PhonePe SBI Card PURPLE credit card

PhonePe SBI Card PURPLE

SBI Card

Fees & eligibility
Annual fee₹500₹499
Fee waiver thresholdNo waiver publishedWaived at ₹1,00,000/yr spend
Min income₹25,000/mo₹25,000/mo
Secured / FD-backedStandardStandard
Rewards
Net annual value (moderate)₹910/yr₹3,441/yr
Online shopping—₹8,000 × 2% = ₹160/mo (₹1,920/yr) · issuer max ₹750/mo
Groceries (offline)₹5,000 → 200 pts/mo × ₹0.20/pt = ₹40/mo (₹480/yr)—
Fuel₹3,000 → 600 pts/mo × ₹0.20/pt = ₹120/mo (₹1,440/yr) · issuer max ₹5,000/mo—
Utilities & bills—₹1,225 × 3% = ₹36.75/mo (₹441/yr) · issuer max ₹750/mo
Top reward rate20 Edge Miles/₹1003%
Primary reward cap₹5,000 eligible spend/mo₹750 rewards/mo cap
UPI rewardsNot supported (Visa/MC)Earns: 3% on PhonePe app spends (1% base on other UPI apps) · cap 250 pts/mo insurance + 750 pts/mo other PhonePe spends
Key exclusionsNon-IOCL fuel · EMI · RentFuel · Wallet top-ups · Rent · EMI · Cash advance
Bonuses
Signup bonus—₹500

Stack mode (hold both)

Cap-aware split: ~₹5,110/yr combined NAV (₹1,669 vs best solo). Both annual fees apply.

Axis IOCL Credit Card details →PhonePe SBI Card PURPLE details →

Share this comparison

https://cardhungry.com/in/en/compare/axis-iocl-vs-phonepe-sbi-purple

Reference summary

At a glance (moderate spend)

Quick verdict: On moderate spend, PhonePe SBI Card PURPLE leads Axis IOCL Credit Card by about ₹2,531/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

Axis IOCL Credit Card vs PhonePe SBI Card PURPLE comparison table
FeatureAxis IOCL Credit Card

Axis Bank

PhonePe SBI Card PURPLE

SBI Card

Fees & eligibility
Annual fee₹500₹499
Fee waiver thresholdNo waiver publishedWaived at ₹1,00,000/yr spend
Min income₹25,000/mo₹25,000/mo
Secured / FD-backedStandardStandard
Rewards
Net annual value (moderate)₹910/yr₹3,441/yr
Online shopping—₹8,000 × 2% = ₹160/mo (₹1,920/yr) · issuer max ₹750/mo
Groceries (offline)₹5,000 → 200 pts/mo × ₹0.20/pt = ₹40/mo (₹480/yr)—
Fuel₹3,000 → 600 pts/mo × ₹0.20/pt = ₹120/mo (₹1,440/yr) · issuer max ₹5,000/mo—
Utilities & bills—₹1,225 × 3% = ₹36.75/mo (₹441/yr) · issuer max ₹750/mo
Top reward rate20 Edge Miles/₹1003%
Primary reward cap₹5,000 eligible spend/mo₹750 rewards/mo cap
UPI rewardsNot supported (Visa/MC)Earns: 3% on PhonePe app spends (1% base on other UPI apps) · cap 250 pts/mo insurance + 750 pts/mo other PhonePe spends
Key exclusionsNon-IOCL fuel · EMI · RentFuel · Wallet top-ups · Rent · EMI · Cash advance
Bonuses
Signup bonus—₹500

Frequently asked questions

Which card has the lower annual fee?
PhonePe SBI Card PURPLE has the lowest annual fee at ₹499.
Which card earns more on moderate spend?
PhonePe SBI Card PURPLE leads with an estimated ₹3,441/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.

More Axis IOCL Credit Card comparisons