Axis Bank ACE Credit Card

Launched in collaboration with Google Pay and Visa, the Axis Bank ACE credit card seeks to leverage the nation's high internet penetration and fast growth of online payments. You may pay your power, gas, water, and internet bills with this card and earn 5% cashback with the Google Pay Android application. You can also get 4% cashback on popular retailers like Swiggy, Zomato, and Ola. With this credit card, Axis Bank is aiming to attract young professionals who are relatively new to the credit landscape and mostly shop at these well-known shops.

Joining Fees: | Annual Fees:

Rs. 500 + GST | Rs. 500 + GST

Reward Type:

Cashback

Suited For:

Shopping

Issued on:

Visa

Rating:

4.8/5

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Fees and Charges

Fees: - Joining Fee: Rs.500 + GST Renewal Fee: Rs. 500 + GST
Best Suited For: - Shopping
Reward Type: - Cashback
Welcome Benefits: - Rs. 500 Google Pay Cashback
Interest Rates: - 3.6% per month (52.86% annually)
Spend Based Waiver: - Within 45 days of the card's issuance, spending Rs. 10,000 qualifies for a waiver of the joining charge. After the second year, spending Rs. 2,00,000 totals to qualify for a waiver of the annual fee.
Fuel Surcharge: - The SBI Cashback Card provides a 1% fuel surcharge waiver on petrol transactions between 400 and Rs. 4,000, capped at Rs. 500 per statement.
Foreign Currency Markup: - 3.5% of the total transaction amount (plus applicable taxes)
Cash Advance Charges: - 2.5% of the total transaction value, with a Rs. 500 minimum fees
Add-on Card Fee: - Nil

Reward and Benefits

Movie & Dining: - 4,000+ restaurants are eligible for an Axis Bank Dining Delights discount of up to 20%.
Rewards Rate: - 4% cashback on Swiggy, Ola, and Zomato and 5% cashback on bill payments and mobile recharges made through GPay, with a monthly maximum of Rs. 500 cashback.2% cashback at additional retailers.
Rewards Redemption: - Automatically, the cardholders' accounts are credited with the cashback you earned.
Travel: - Axis Bank Ace Credit Card holders receive accelerated (4%) cashback on Ola rides and complimentary lounge access par year at domestic airports.
Domestic Lounge Access: - Visits to 4 complimentary domestic airport lounges every year.
International Lounge Access: - NA
Insurance Benefits: - NA
Golf: - NA
Zero Liability Protection: - If the card is reported lost or stolen within 3 days to the bank, the cardholder will not be held responsible for any fraudulent transactions.

Product Details

With Google Pay, you can get 5% back on bill payments and mobile recharges.
4% back on Ola, Zomato, and Swiggy transactions.
2% cashback (barring certain products) on all other transactions.
4 complimentary visits to domestic lounges each year.
1% of fuel surcharges are waived, with a monthly limit of Rs. 500.
a maximum 20% discount while dining at more than 4,000 restaurants.

Pros/Cons

Pros

Industry-leading 5% cashback rate, setting a benchmark for utility spending.
Comprehensive coverage across various utility categories such as electricity, gas, internet, DTH, and mobile recharge.
Enjoy complimentary access to domestic lounges.
Benefit from a 1% fuel surcharge waiver on transactions at fuel stations across India.

Cons

Exclusive 5% cashback is applicable only on Google Pay using Android devices.
Absence of welcome benefits.
High international transaction fees.
No provision for complimentary international lounge access.

Axis Bank ACE Credit Card Features & Benefits

Certainly! The Axis Bank Ace Credit Card comes with user-friendly features, making it easy to use and manage. From a straightforward cashback system to hassle-free redemption options, it aims to simplify the credit card experience for its users.

Dining Benefits:

Receive an accelerated (4%) cashback on Swiggy and Zomato for delightful dining experiences.
Avail up to a 20% discount on dining bills at 4000+ restaurants through the bank’s Dining Delights program.

Fuel Surcharge Waiver:

Enjoy a maximum waiver capped at Rs. 500 per month, making fuel transactions more economical.
Experience a 1% fuel surcharge waiver at all fuel stations across the country for transactions ranging from Rs. 400 to Rs. 4,000.

Travel Benefits:

Get an accelerated (4%) cashback on Ola rides for convenient and cost-effective travel.
Enjoy 4 complimentary airport lounge accesses each year at selected domestic airports.

Spends Based Waiver:

Waive off the annual membership fee (second year onwards) upon achieving an annual spend of Rs. 2,00,000 in the preceding year.
Have the joining fee reversed with an expenditure of Rs. 10,000 within 45 days of card setup.

Axis Bank ACE Credit Card Fees and Charges

Axis Bank ACE Credit Card presents a versatile array of features tailored to suit your financial preferences. Let's embark on a journey through its offerings, covering annual fees, interest rates, foreign currency transactions, cash advances, and the reassuring policy on card replacements.

Annual Fee:

Begin your credit card experience with a joining and annual membership fee of Rs. 499 for Axis Bank ACE Credit Card.

Foreign Currency Mark-up:

Engage in international transactions with a 3.5% forex mark-up charge applicable on all foreign currency transactions made with Axis Bank Ace Credit Card.

Cash Advance Fee:

For cash advance transactions from ATMs with Axis Bank Ace Credit Card, a cash withdrawal fee of 2.5% of the withdrawn amount is applicable, subject to a minimum fee of Rs. 500.

Interest Rate:

Navigate the financial landscape with awareness as a monthly interest of 3.6% (52.86% annually) is applied to the due amount on your card’s statement balance if not cleared by the due date.

Card Replacement Fee:

In the event of misplacing or losing your credit card, Axis Bank provides a card replacement for free, with no replacement fee applicable.

Axis Bank ACE Credit Card Cashback

Utility Bill Payments and Recharges:

Earn a lucrative 5% cashback on utility bill payments (electricity, water, gas, LPG, and broadband) and DTH & mobile recharges when using the ACE credit card via the Google Pay Android app.

Dining and Ride-hailing Cashback:

Indulge in a 4% cashback on Zomato, Swiggy, and Ola expenses, making your dining and travel experiences more rewarding.

Maximum Capping:

Note that the combined cashback for utility bill payments and recharges, along with dining and ride-hailing, is capped at a maximum of Rs. 500 cashback per cycle.

General Spends Cashback:

For all other spends, enjoy a 2% cashback with no monthly capping, providing flexibility and rewards across various categories.

Excluded Categories:

Be mindful that certain categories, including fuel spends, wallet reloads, purchase of gold items, purchases converted to EMI, cash withdrawals, payment of the card’s outstanding balances, and payment of card fees & other card charges, do not qualify for cashback benefits.

Axis Bank ACE Credit Card Eligibility Criteria

To qualify for an Axis Bank credit card, Axis Bank outlines the following conditions:

Age Bracket: Applicants should be between 18 and 70 years old.
Residency: You must be a resident of India.
Financial Stability: A steady income and a decent credit score are essential.

Required Documents:

To process your credit card application, you need to provide the following documents to the bank:

Proof of Identity: Aadhaar Card, Voter ID, PAN Card, driving license, passport, etc.
Proof of Address: Aadhaar Card, Voter ID, driving license, passport, or utility bills like telephone/electricity bills.
Proof of Income: For salaried individuals, a salary slip is required, and for self-employed individuals, an ITR acknowledgement serves as proof of income.

Axis Bank ACE Credit Card Apply Processes

Getting the Axis Bank ACE credit card is a breeze. Simply click on the "Apply Now" button, choose the ACE credit card, and fill out the application form. The process is even smoother if you're already an Axis Bank customer.

To complete your application, you'll need to submit a few documents including:

Identity Proof: Voter card, Aadhar card, PAN card, etc.
Address Proof: Aadhar card, Voter card, PAN card, driving license, etc.
Proof of Income: This could be salary slips or audited ITR acknowledgement.

Submit these documents, and you're on your way to enjoying the benefits of the Axis Bank ACE credit card.

Axis Bank ACE Credit Card Customer Care:

Axis Bank's commitment to excellent customer support ensures accessibility and swift resolutions for a seamless experience with your ACE Credit Card.

Phone Support:

For assistance or reporting unauthorized transactions, reach Axis Bank 24x7 at 18604195555 or 18605005555.

Card Blocking:

Ensure added security by blocking your card via SMS. Simply send "BLOCK XXXX" to 5676782.

Review of the Axis Bank ACE Credit Card:

Cashback Benefits:

Priced reasonably at Rs. 500 annual membership fee, the Axis Bank ACE Credit Card stands out for its excellent cashback perks. Utility bill payments through the Google Pay Android app and a 4% cashback on Ola, Swiggy, and Zomato make it an appealing entry-level card.

Airport Lounge Access:

Distinguishing itself from other entry-level cards, this credit card provides 4 complimentary domestic airport lounge accesses, adding a touch of luxury to your travel experience.

Ideal for New Credit Users:

Tailored for those new to credit, the Axis Bank ACE Credit Card is a smart choice for beginners seeking a combination of benefits and simplicity.

Alternative Recommendation:

If Google Pay isn't a primary payment method, consider the HDFC Bank MoneyBack Plus Credit Card, offering a compelling alternative with its own set of advantages.

What do you think about Axis Bank ACE Credit Card? Please tell us in the comments below. Please feel free to share your experience if you are now a cardholder.

FAQs:

Are reward points available for the Axis Bank ACE Credit Card?

The Axis Bank ACE Credit Card gives cashback on all of your purchases, however it doesn't give reward points. The cardholder's account is on time credited with cashback.

Do all of my Google Pay transactions eligible for 5% cashback?

Nope. You can only receive 5% cashback on bill payments (such as those for gas, electricity, and internet) as well as DTH and mobile recharges made through the Google Pay Android app.

Does this card grant me access to any international lounges?

Nope. With the ACE credit card, you can only visit domestic lounges.

When I pay with the Google Pay iOS app, would I receive cashback?

With the Google Pay iOS app, you are not eligible for accelerated (5%) cashback (only Android app enabled). You will still receive the standard 2% cashback, though.

Axis Bank ACE Credit Card
Rating: 4.8/5