The Axis Bank ACE Credit Card is a popular entry-level cashback card that offers impressive returns on everyday spending. It’s ideal for those who frequently use Google Pay for bill payments, as it provides a significant 5% cashback on these transactions. Additionally, it offers 4% cashback on popular platforms like Swiggy, Zomato, and Ola, and 1.5% cashback on all other spends.
Read our in-depth review to get an insight about Axis Bank ACE Credit Card.
- Overview
- Welcome Benefits
- Fees and Charges for Axis Bank ACE Credit Card
- Benefits of Axis Bank ACE Credit Card
- Rewards from Axis Bank ACE Credit Card
- Milestone Benefits
- Redemption of Points
- Airport Lounge Access with Axis Bank ACE Credit Card
- Forex Markup Fee
- Similar Cards to Axis Bank ACE Credit Card
- Axis Bank ACE Credit Card Review
- FAQs:
- Quick Links
Overview
| Feature | Details |
|---|---|
| Card Type | Cashback Credit Card |
| Reward Rate | Up to 5% cashback on select categories |
| Reward Value | 1 Reward Point = ₹1 (credited directly to the statement) |
| Annual Fee | ₹499 + GST (waived on spending ₹2 lakh annually) |
| Unique Selling Points | High cashback on utility payments via Google Pay, complimentary domestic lounge access |
| Rating (out of 5) | 4.8 |
Welcome Benefits
| Welcome Benefit | Details |
|---|---|
| Bonus Cashback | N/A |
| Additional Benefits | No joining fee if spending ₹10,000 within 45 days |
Fees and Charges for Axis Bank ACE Credit Card
| Fee Type | Charges |
|---|---|
| Joining Fee | ₹499 + GST |
| Annual Fee | ₹499 + GST (waived on spending ₹2 lakh annually) |
| Finance Charges | 3.6% per month (52.86% per annum) |
| Foreign Transaction Fee | 3.5% + GST |
| Cash Advance Fee | 2.5% of the amount withdrawn (min ₹500) |
| Late Payment Fee | ₹100 to ₹1,200 depending on the outstanding balance |
Benefits of Axis Bank ACE Credit Card
This card offers a variety of benefits:
- Cashback: 5% on utility bill payments and mobile/DTH recharges via Google Pay, 4% on Swiggy, Zomato, and Ola, and 1.5% on all other spends.
- Lounge Access: 4 complimentary domestic airport lounge visits per year, available after spending ₹50,000 in the last 3 months.
- Fuel Surcharge Waiver: 1% waiver on fuel transactions between ₹400 and ₹4,000, with a maximum benefit of ₹500 per month.
- Automatic Cashback Redemption: Cashback is automatically credited to your statement.
Rewards from Axis Bank ACE Credit Card
| Spend Category | Reward Rate |
|---|---|
| Google Pay Utility Payments | 5% cashback |
| Swiggy, Zomato, Ola | 4% cashback |
| All Other Spends | 1.5% cashback |
| Reward Value | 1 Reward Point = ₹1 (credited directly to statement) |
| Rewards Expire in | Cashback credited directly, no expiry |
Milestone Benefits
This card does not offer specific milestone benefits beyond its cashback offerings and annual fee waiver on spending ₹2 lakh annually.
Redemption of Points
The cashback earned with this card is automatically adjusted against your statement balance, providing immediate and seamless benefits.
Gift Vouchers Available
The Axis Bank ACE Credit Card does not feature a traditional rewards program with gift vouchers, as it focuses solely on cashback benefits.
Airport Lounge Access with Axis Bank ACE Credit Card
| Access Type | Details |
|---|---|
| Domestic Lounges | 4 complimentary visits per year |
| International Lounges | Not available |
| Add-on Cardholder Benefits | Same as primary cardholder |
Forex Markup Fee
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST on all international transactions |
Similar Cards to Axis Bank ACE Credit Card
| Feature | Axis Bank ACE Credit Card | HDFC Millennia Credit Card | SBI SimplySAVE Card |
|---|---|---|---|
| Annual Fee | ₹499 | ₹1,000 | ₹499 |
| Rewards | 5% on Google Pay bill payments, 4% on Swiggy/Zomato/Ola, 1.5% on other spends | 5% cashback on SmartBuy | 10x points on dining, groceries |
| Domestic Lounge Access | 4 per year | 8 per year | None |
| Foreign Currency Markup | 3.5% | 3.5% | 3.5% |
| Reward Redemption Fee | None | ₹99 plus taxes | ₹99 plus taxes |
Axis Bank ACE Credit Card Review
Editor’s Rating
Summary
The Axis Bank ACE Credit Card offers high cashback rates on everyday expenses, particularly through Google Pay. With a low annual fee that can be waived on significant spends, and benefits like complimentary lounge access and dining discounts, it stands out as a valuable entry-level card. However, the high-interest rates and limited categories for cashback might be drawbacks for some users.
Pros and Cons of Axis Bank ACE Credit Card
| Pros | Cons |
|---|---|
| High cashback on utility payments and food orders | No international lounge access |
| Complimentary domestic lounge access | Limited cashback categories for non-Google Pay users |
| Low annual fee with easy waiver | No cashback on fuel, EMI transactions, or wallet reloads |
FAQ
What is the annual fee for the Axis Bank ACE Credit Card?
The annual fee is ₹499 plus applicable taxes, which is waived on annual spends of ₹2 lakh.
Does the Axis Bank ACE Credit Card offer lounge access?
Yes, it offers four complimentary domestic lounge accesses per year.
How can I redeem my cashback?
Cashback is automatically adjusted against the card’s statement balance.
What is the cashback rate on the Axis Bank ACE Credit Card?
What is the foreign currency markup fee?
The foreign currency markup fee is 3.5%.
Quick Links
- Axis Bank Credit Cards
- Apply for Axis Bank ACE Credit Card
- Axis Bank ACE Credit Card Terms and Conditions
- Axis Bank Customer Care
