Axis Bank ACE Credit Card

Axis Bank ACE Credit Card Features and Benefits

The Axis Bank Ace Credit Card is one of the most popular cashback credit cards available in the market. It comes with a great cashback rate and a number of other exciting benefits across different categories. The detailed benefits and features of this card by Axis Bank are as follows:

Travel Benefits:

• 4 complimentary airport lounge access every year to selected domestic airports.
•  Accelerated (4%) cashback on Ola rides.

Dining Benefits:

• Up to 20% discount on dining bills at 4000+ restaurants under the bank’s Dining Delights program.
• Accelerated (4%) cashback on Swiggy and Zomato.

Spends Based Waiver:

• The joining fee is reversed on the expenditure of Rs. 10,000 within 45 days of card setup.
• Annual membership fee is waived off (second year onwards) on achieving an annual spend of Rs. 2,00,000 in the preceding year.

Fuel Surcharge Waiver:

• 1% fuel surcharge is waived off at all fuel stations across the country for fuel transactions worth Rs. 400 to Rs. 4,000.
• The maximum waiver is capped at Rs. 500 per month.

Axis Bank ACE Credit Card Cashback:

• You get a cashback of 5% on utility bill payments (electricity, water, gas, LPG, and broadband), and DTH & mobile recharges via Google Pay. Offer applicable only if the payment is made via the Google Pay Android app using the ACE credit card.
• You get a 4% cashback on Zomato, Swiggy, and Ola.
• The above two cashback categories have a combined maximum capping of Rs. 500 cashback per cycle.
• You get a 2% cashback on all other spends and there is no monthly capping.
• No cash back on certain categories of spends 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.

Axis Bank ACE Credit Card Fees & Charges

• Annual Fee: Axis Bank charges a joining & annual membership fee of Rs. 499 for Axis Bank ACE Credit Card.
• Interest Rate: If you are unable to clear all your outstanding amount by the due date, an interest of 3.6% per month (or 52.86% annually) is levied on the due amount on your card’s statement balance.
• Cash Advance Fee: A cash withdrawal fee of 2.5% of the withdrawn amount (subject to a minimum fee of Rs. 500) is applicable on cash advance transactions from ATMs with Axis Bank Ace Credit Card.
• Foreign Currency Mark-up: Forex mark-up charges of 3.5% of the transaction amount are applicable on all foreign currency transactions made with Axis Bank Ace Credit Card.
• Card Replacement Fee: In case you misplace/lose your credit card, Axis Bank will replace your card with a new one for free (no replacement fee applicable).

Pros of Axis Bank ACE Credit Card

• Axis Bank ACE Card offers an amazing reward rate of 5% on mobile/DTH recharges and bill payments via Google Pay and also a good reward rate of 4% on spends at Zomato, Swiggy, and Ola.
• ACE Credit Card entitles you to 4 complimentary lounge access at domestic airports across the country- a benefit that you do not get with most other entry-level credit cards.
• One of the best features of the Axis Bank ACE Credit Card is that there is no max capping on the regular 2% cashback that can be earned in a given payment cycle.
• Although Axis Bank ACE Credit Card is not a lifetime free card- it comes with an annual fee of only Rs. 499, which can be easily waived off on a minimum expenditure of Rs. 2 lacs in the preceding year.

Cons of Axis Bank ACE Credit Card

• The card does not earn any cashback on certain categories of spends including fuel spends, wallet reloads, purchases converted into EMIs, gold items, and cash advances.
• The cashback earned at non-partner merchants (except Google Pay, Zomato, Swiggy, and Ola) is just 2%.

Who should get Axis Bank ACE Credit Card?

You should consider applying for Axis Bank ACE Credit Card if-

• You are looking for a cashback-based entry-level credit card and use Google Pay frequently for bill payments and mobile/DTH recharges.
• You frequently dine in and order food online via Swiggy/Zomato.
• You want an entry-level credit card that also provides the free airport lounge access privilege.

You should look for a better alternative if-

• You do not prefer Google Pay for mobile/DTH recharges and bill payments.
• If you have an Apple smartphone as cashback is valid only on Google Pay android application.
• You make a lot of purchases on EMIs- as you do not get any cashback on EMI purchases.

Credit Cards Similar to Axis Bank ACE Credit Card

HDFC Millennia Credit Card and HDFC MoneyBack+ Credit Card are two credit cards that are very much similar to the Axis Bank ACE Credit Card in terms of the rewards and benefits that they offer-

ACE Credit Card Eligibility Criteria

Axis Bank has not clearly stipulated any well-defined income criteria for the card. Although you must qualify the following basic eligibility conditions-

• You must be within the age bracket of 18 years and 70 years.
• You must be a resident of India.

Documents Required

In order for your credit card application to be processed, you need to submit the following documents to the bank-

• Proof of Identity: Aadhar Card, Voter ID, PAN Card, driving license, passport, etc.
• Proof of Address: Aadhar Card, Voter ID, driving license, passport, telephone/electricity bill.
• Proof of Income: Salary slip (for salaried applicants) or ITR acknowledgment (for self-employed individuals)

Axis Bank ACE Credit Card Limit

The Axis Bank ACE Credit Card provides a decent credit limit to cardholders. However, the credit card limit is not a particular fixed amount for each & every cardholder, but it varies on the basis of their income, relationship with the bank, credit history, and some other factors. Those who have a high credit score generally get a higher credit limit compared to individuals with a low credit score. However, you can get your credit limit increased with time by requesting your card issuer for the same.

How to apply for Axis Bank ACE Credit Card?

You can very easily apply for the Axis bank ACE credit card by clicking on the Apply Now button above and selecting the ACE credit card. You will be prompted to fill up a form and submit your application. The process will be smoother for you if you are already an Axis Bank customer. You will also need to submit a few documents to complete your application, including identity proof (Voter card, Aadhar card, PAN card, etc.), address proof (Aadhar card, Voter card, PAN card, driving license, etc.), and proof of income (salary slips, audited ITR acknowledgement).

Axis Bank ACE Credit Card Application Status

If you have already an ACE Credit Card in process, you can easily check the status of your application online as well as offline using several methods. You can visit the official application tracking page of Axis bank and check the progress in your application by entering your application ID. The applicants can also track their application status offline by contacting the Axis Bank Credit Card customer care or by visiting their nearest branch.

Axis Bank ACE Credit Card Customer Care

Axis Bank provides great customer support services to their credit card customers. In case you need any help, or you want to report unauthorized transactions on your card, you can simply dial 18604195555/18605005555. These numbers are reachable 24×7. You can also block your card by simply sending an SMS – BLOCK XXXX to 5676782.

Conclusion

Available at a decent annual membership fee of Rs. 500, the The Axis Bank ACE Credit Card offers great cashback benefits on utility bill payments made through the Google Pay Android app which makes it a great entry-level card. You also get 4% cashback on platforms like Ola, Swiggy, and Zomato.

Another great benefit of the card is that it offers 4 complimentary domestic airport lounge access which is not offered by most entry-level cards. For those who are new to credit and are looking to start, the Axis Bank ACE credit card is a great choice.

For those who do not frequently use Google Pay to make payments, a nice alternative to this card is the HDFC Bank MoneyBack Plus Credit Card.