If you're looking to earn cashback on your expenses, the Axis Bank ACE credit card is a good choice. With this card, you can receive 5% cashback on bill payments and recharges made through Google Pay. Additionally, you can earn 2% to 4% cashback on various other types of spending.
Key Highlights of Axis Bank ACE Credit Card |
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| Best Suited For | Cashback | |||
| Joining Fee | Rs. 499 | |||
| Annual Fee | Rs. 499 | |||
| Dining Benefits | Get up to a 20% discount at over 4,000 participating restaurants. | |||
| Cashback |
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| Best Feature | 5% cashback on utility bill payments, DTH, and mobile recharges made through Google Pay. | |||
*Terms and conditions apply.
| Table Of Contents | ||
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| Features and Benefits | ||
| Fees and Charges | ||
| Eligibility and Documentation | ||
| Should you apply for Axis Bank ACE Credit Card? | ||
| Axis Bank Ace Vs. Flipkart Axis Bank Vs. ICICI Amazon Pay | ||
| FAQs | ||
Cashback on every spend:
Joining Fee Reversal: Spend Rs. 10,000 within 45 days of card issuance to have the joining fee reversed.
Annual Fee Waiver: Spend Rs. 2 Lakh or more in a year to qualify for an annual fee waiver.
Complimentary Lounge Access: Enjoy up to 4 complimentary domestic lounge visits each year.
Fuel Surcharge Waiver: Receive a 1% fuel surcharge waiver (up to a maximum of Rs. 500 per month) on transactions ranging from Rs. 400 to Rs. 4,000 at all fuel stations.
Dining Benefits: Get up to a 20% discount at over 4,000 participating restaurants.
Convert Purchases into EMIs: Convert purchases of Rs. 2,500 and above into Equated Monthly Installments (EMIs).
To give you a clearer understanding of the savings, here is a table below:
| Transaction | Amount (in INR) | Cashback Rate | Cashback Amount (in INR) |
|---|---|---|---|
| Electricity Bill Payment (via Google Pay) | Rs. 5,000 | 5% | Rs. 250 |
| Mobile Recharge (via Google Pay) | Rs. 2,000 | 5% | Rs. 100 |
| Internet Bill Payment (via Google Pay) | Rs. 2,000 | 5% | Rs. 100 |
| Zomato | Rs. 4,000 | 4% | Rs. 160 |
| Ola | Rs. 1,000 | 4% | Rs. 40 |
| Big Basket | Rs. 7,000 | 2% | Rs. 140 |
| Myntra | Rs. 3,000 | 2% | Rs. 60 |
| Nykaa | Rs. 2,000 | 2% | Rs. 40 |
| Firstcry | Rs. 5,000 | 2% | Rs. 100 |
| Miscellaneous Offline Spends | Rs. 2,000 | 2% | Rs. 40 |
| Total | Rs. 33,000 | NA | Rs. 1,030 |
One of the best features of this card is that there is No upper limit on cashback earning is the best part. Since utility bills usually make up a larger portion of everyone’s monthly spends, the value-back can be quite impressive, if you make smart use of this card.
The cashback you earn with The Axis Ace Credit Card in a billing cycle is credited to your card account three days before the next statement is generated. Also, Axis Bank clearly shows the amount of cashback earned for each transaction in the statement, which is a great feature. I don’t think any other card issuer offers such a transparent view on rewards/cashback earned.
Below mentioned are the fees and charges associated with this credit card:
| Particulars | Amount | |
|---|---|---|
| Joining Fee | Rs. 499 (reversed on spending of Rs. 10,000 within 45 days of card issuance) | |
| Annual Fee | Rs. 499 (waived off on annual spend of Rs. 2 lakh or more) | |
| Finance Charges | 3.6% p.m. | 52.86% p.a. | |
| Late Payment Charges** |
For Statement Balance
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To apply for The Axis Bank Ace Credit Card, applicants need to meet the following eligibility criteria:
| Criteria | Details |
|---|---|
| Age | 18 to 70 years |
| Occupation | Salaried and Self-employed |
| Serviceable Cities | Click here for the list of eligible cities |
| Documents Required | Click here for the list of acceptable documents |
Note: The eligibility criteria and acceptable documents are indicative. Actual criteria and documents required may vary.
The Axis Ace credit card is a great choice for those seeking high cashback rewards without a high annual fee. Unlike many other cards, it offers a generous 5% cashback on utility bill payments made through Google Pay, making it a standout choice. Additionally, it covers popular spending categories like cab rides and dining. The flat 2% cashback on all online and offline transactions further enhances its value. What's even more appealing is that it's accessible to first-time card users, unlike most basic entry-level cards, and its cashback benefits are truly unmatched.
The Axis ACE credit card is not only an excellent choice for beginners but also holds great value for premium and super-premium consumers who prefer cashback over rewards or find redeeming reward points to be challenging.
| Basis of Difference | Axis Bank Ace Credit Card | Flipkart Axis Bank Credit Card | ICICI Amazon Pay Credit Card |
|---|---|---|---|
| Annual Fee | Rs. 400 | Rs. 500 | Nil |
| Base Cashback Rate | 2% | 1.5% | 1% |
| Accelerated Cashback |
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| Lounge Access | 4 domestic lounge visits in a year | 4 domestic lounge visits in a year | Nil |
| Minimum Savings on Rs. 1 lakh | Rs. 2,000 | Rs. 1,500 | Rs. 1,000 |
As seen in the comparison above, Axis Bank ACE Credit Card outperforms in most categories, except for Amazon and Flipkart, where the other two cards offer higher cashback rates, while Axis ACE provides 2%. Your choice among these cards would largely depend on your spending patterns and preferences.
Please note that certain transactions do not qualify for cashback, including fuel expenses, EMI transactions, purchases converted into EMIs, wallet top-ups, cash advances, payments toward outstanding balances, and fees for the card and other associated charges.
No, Bill payments and mobile and DTH recharges are eligible for a 5% cashback. It's important to note that the 'pay with card' feature for bill payments is exclusively available for Android users. Unfortunately, this feature is not accessible on iOS, which means iPhone users may not be able to fully leverage the value-back benefits provided by Axis Ace.
Transactions exceeding Rs. 2,500 can be converted into EMIs after the purchase.
Yes, the list of partner restaurants includes well-known franchises like KFC, TGI Fridays, Tossin Pizza, Chicago Pizza, and more.
You can enjoy complimentary access to domestic airport lounges.
Click here to see the complete list.
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