Updated On

The Axis Bank ACE credit card launched in partnership with Google Pay and Visa aims to capitalize on the internet penetration and heavy growth of online payments in the country. With this card, you get 5% cashback on electricity, gas, water, and internet bill payments through the Google Pay application and 4% cashback on popular merchants like Swiggy, Zomato, and Ola. Axis Bank is targeting young professionals with this credit card who mainly use these popular merchants and are new to the credit scene.

In addition to the cashback offers, the ACE credit card offers complimentary domestic airport lounge access, 20% off on dining at over 4000 partner restaurants, and other benefits. Check out our Axis Bank ACE credit card review to know more about this card.

Axis Bank ACE Credit Card
(4.8/5)

Joining Fee

Rs. 499 + GST

Renewal Fee

Rs. 499 + GST

Best Suited For

Bill Payment |

Reward Type

Cashback |

Welcome Benefits

N/A

Movie & Dining

A discount of up to 20% on dining at 4,000+ restaurants under the Axis Bank Dining Delights program.

Rewards Rate

5% cashback on paying bills & on mobile recharges via GPay and 4% cashback on Swiggy, Ola, and Zomato, with a combined capping of Rs. 500 cashback per month. 1.5% cashback elsewhere on other merchants.

Reward Redemption

Your earned cashback is automatically credited to the cardholders' accounts.

Travel

Complimentary lounge access per year at domestic airports, accelerated (4%) cashback on Ola rides with Axis Bank Ace Card.

Domestic Lounge Access

4 complimentary airport lounge visits to domestic airport lounges per year

International Lounge Access

NA

Golf

NA

Insurance Benefits

NA

Spend-Based Waiver

Joining fee is waived on spends of Rs. 10,000 within 45 days of card issuance, and annual fee (2nd year onwards) is waived on total annual spends of Rs. 2,00,000.

Rewards Redemption Fee

Nil

Rewards Redemption Fee

Nil

Foreign Currency Markup

3.5% of the transaction amount

Interest Rates

3.6% per month or 52.86% annualized 

Fuel Surcharge

1% fuel surcharge is waived for purchases worth between Rs. 400 and Rs. 4,000 (maximum waiver of Rs. 500/month).

Cash Advance Charges

2.5% of the withdrawn amount, subject to a minimum amount of Rs. 500.

  • 5% cashback on bill payments and mobile recharges on Google Pay.
  • 4% cashback on Swiggy, Zomato, and Ola.
  • 1.5% cashback on all other purchases (with a few exceptions).
  • 4 free domestic lounge visits every year.
  • 1% fuel surcharge waiver with a maximum cap of Rs. 500 per month.
  • A discount of up to 20% on dining at over 4000+ restaurants.
  • Spend-based joining & annual fee waiver.

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 an excellent 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.
  • The 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

  • A 1% fuel surcharge is waived 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. The offer is applicable only if the payment is made via the Google Pay 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 1.5% cashback on all other spends, and there is no monthly capping.
  • No cash back on specific 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 amounts 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 1.5% 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 1.5%.

Who Should Get an Axis Bank ACE Credit Card?

You should consider applying for an 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, cashback is valid only on the Google Pay application.
  • You make a lot of purchases on EMIs, as you do not get any cashback for 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 similar to the Axis Bank ACE Credit Card in terms of the rewards and benefits that they offer-

Features Axis Bank ACE Credit Card HDFC Millennia Credit Card HDFC MoneyBack+ Credit Card
Reward Structure Cashback Cashback (Credited as CashPoints) Cashback (Credited as CashPoints)
Reward Points/Cashback
  • 5% cashback on bill payments (electricity, gas, internet, etc.) and mobile and DTH recharge with the card via Google Pay.
  • 4% cashback on Swiggy, Zomato and Ola.
  • 1.5% cashback on all other spends with the card.
  • 5% Cashback on Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber and Zomato.
  • 1% cashback on all other spends.
  • 2 Cash Points per Rs. 150.
  • 5x Points on purchases converted into EMIs.
  • 10x CashPoints on Amazon, Flipkart, Swiggy, Reliance Smart Store.
Max Cap on Rewards/Cashback
  • The 5% and 4% cashback categories have a combined maximum capping of Rs. 500 per statement cycle. There is no capping on the 1.5% cashback category, and you can earn unlimited cashback.
  • Maximum 2,000 CPs in a month- 1,000 at a 5% rate and 1,000 at a 1% rate.
  • Maximum 2,500 CPs at 5x rate and 2,500 CPs at 10x rate.
  • No max capping applicable on CPs earned at a normal rate
Reward Points/Cashback Redemption
  • Cashback is adjusted against the card’s statement balance.
  • 1 CP = Re. 1 (cashback)
  • 1 CP = Rs. 0.30 (product catalog)
  • 1 CP = Rs. 0.30 (flight/hotel bookings via SmartBuy)
  • 1 CP = Rs. 0.30 (AirMiles)
  • 1 CP = Rs. 0.25 (cashback)
  • 1 CP = Rs. 0.25 (product catalog)
  • 1 CP = Rs. 0.25 (flight/hotel bookings via SmartBuy)
  • 1 CP = Rs. 0.25 (AirMiles)
Milestone Benefits N/A Gift voucher worth Rs. 1,000 on quarterly expenditure of Rs. 1 lac. Gift voucher worth Rs. 500 on quarterly expenditure of Rs. 50,000.
Membership Fee Rs. 499 (plus GST) waived off on an annual expenditure of Rs. 2 lacs.
  • Rs. 1,000 (plus GST), waived off on an annual expenditure of Rs. 1 lac.
Rs. 500, waived off on an annual expenditure of Rs. 50,000.

ACE Axis Bank Credit Card

ACE Credit Card Eligibility Criteria

Axis Bank needs to stipulate any well-defined income criteria for the card clearly. However, you must qualify for 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.
  • You must have a steady income along with a decent credit score.

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. Still, 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 increase your credit limit over time by requesting your card issuer for the same.

How to Apply for an Axis Bank ACE Credit Card?

You can very easily apply for the Axis Bank ACE credit card by clicking on the Apply Now button and selecting the ACE credit card. You will be prompted to fill out 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 acknowledgment).

Axis Bank ACE Credit Card Customer Care

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

Axis Bank ACE Credit Card Review

Available at a decent annual membership fee of Rs. 500, the Axis Bank ACE Credit Card offers great cashback benefits on utility bill payments made through the Google Pay 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, an excellent alternative to this card is the HDFC Bank MoneyBack Plus Credit Card.

FAQs:

The 5% cashback on recharge and bill payment via Google Pay and 4% cashback on Swiggy, Zomato, and Ola, has a combined capping of Rs. 500 per month. There is no capping on the 2% cashback on other merchant spends.
You won't get accelerated (5%) cashback on Google Pay iOS app (only Android app supported). However, you will earn the regular 2% cashback.
No. Fuel spends don't earn you any cashback. However, you do get a waiver of 1% on the fuel surcharge for transactions between Rs. 400 and Rs. 4,000 (max cap of Rs. 500/month).
No. You earn 5% cashback only on bill payments (electricity, gas, internet, etc.) and mobile and DTH recharges processed via the Google Pay Android app.
No. You get only domestic lounge access with the ACE credit card.
No, Axis Bank ACE Credit Card doesn't offer reward points, but it offers cashback on all your spends. Cashback is automatically credited to the cardholders' account.
The billing cycle is the time period between two consecutive statement generation dates. The billing cycle of the Axis Bank ACE Credit Card can be different for different cardholders.
Axis Bank ACE Credit Card

Axis Bank ACE Credit Card

(4.8/5)

8 Comments

  1. KIRAN KUMAR Reply

    Dear Sir, If we purchase any item in Amazon or Flipkart, how much cash back that we can get. Condition will be like this, the payment will be done through google pay and Axis Ace Credit card.

    • CardAcademy Reply

      You will receive flat 2% cashback on the amazon/flipkart spends. The 5% rebate is only applicable if your paying through Gpay android application.

    • Samitendra Dutta Reply

      what if someone uses Iphone instead of andriod phone for loading of Google Wallet

      • Kartik Kanwar Reply

        There is no such thing as Google Pay wallet.

  2. Rajesh Reply

    Is the Axis Bank ACE card offer showing up in the GPay is considering the existing CIBIL score in (checked in) GPay and then showing me this offer i.e inspite of CIBIL score being 610/900 is it considering this score and then giving me this offer? , which means is it pre qualifying my fair/low CIBIL score and then showing this offer.
    Who is giving this offer, GPay Team, Axis Bank Credit Card team, CIBIL team. Basically who can answer this query conclusively, what is their helpline, any idea?
    BTW, your effort(s) in starting this blog is appreciated. Keep up the good work 👍👍

    • Kartik Kanwar Reply

      You can apply for the card from Google Pay also. The offer is by the bank only. And your approval shall depend upon you filling out the complete application and submitting it.

  3. SREEJITH V K Reply

    Can I use axis Bank ace credit card in small grocery shops and other small stores. Does it charge

    • Kartik Kanwar Reply

      Yes you can use your Axis Bank Ace Credit Card at small stores also. You shall also receive 2% cashback for the same.

Write A Comment

Add cards to start comparing

Compare Cards