Axis Bank Ace Credit Card vs. Amazon Pay ICICI Bank Credit Card

Shopping can be a crucial part of an individual’s daily curriculum. Especially for those shopping for their daily household needs. And much thanks to digitalisation, the process of online shopping and bill payments is now pretty smooth. The biggest name as an online payment platform in India is Google Pay and Amazon Pay, which are two tough competitors in the market. Both these brands, as a part of their market capitalisation plan, have launched two cards, Axis Bank Ace Credit Card vs. Amazon Pay ICICI Bank Credit Card, with the help of two different banks.

Both the cards by Axis and ICICI are focused on the target market, which is youth specifically. This target market was realised after the heavy growth of online transactions and shopping in the country after digitalisation and the pandemic.

Axis Bank Ace Credit Card

The Axis Bank launched the Axis Bank Ace Credit Card in partnership with Google Pay and Visa. The card is curated to provide great deals and cashback on all expenses done with the help of Google Pay. There are many added features and benefits of this card, making it an attractive offer for beginners and entry-level applicants. There are apparently travel benefits as well, which can be considered pretty lucrative for beginners’ credit cards.

Features And Benefits

Rewards

• 5% cashback on utility bill payments via Google Pay.
• 4% cashback on Zomato, Swiggy and Ola.
• Both the categories max capped at Rs. 500 each cycle combined.
• 2% cashback on other miscellaneous spends (no capping).

Dining Benefits

• Up to 20% discount on dining bills at over 4,000 partnered restaurants
• 4% accelerated cashback on Swiggy and Zomato.

Travel Benefits

• 4 complimentary domestic airport lounge access at selected airports.
• 4% accelerated cashback on Ola rides.

Spend Based Waiver

• Joining fee waiver upon spending more than Rs. 10,000 in 45 days.
• Upon spending Rs. 2 lakhs in a year, annual membership fee waiver from second year onwards.

Fuel

• 1% fuel surcharge waiver at all fuel stations across the country.
• Maximum waiver capped at Rs. 500.

Fees And Charges

• Annual/Renewal Fee = Rs. 499 + Taxes
• Interest Rate = 3.6% per month or 52.86% annually
• Foreign Currency Mark-up = 3.5% of the transacted amount
• Cash Advance Fee = 2.5% or a minimum of Rs. 500 from the transacted value.

The Axis Bank Ace Credit Card comes with many features where you are entitled to 4 complimentary domestic lounge access at selected airports across the country. This particular card has many advanced features that cater to your everyday needs.

Amazon Pay ICICI Bank Credit Card

The Amazon Pay ICICI Bank Credit Card is a co-branded credit card that also focuses on online payment platforms. The most significant advantage this card has over any other is that it has no joining fee and provides a substantial amount of saving opportunities. You get geta dining discounts and cashback features upon making payments with the help of Amazon Pay.

Features And Benefits

Rewards

• 5% cashback for Prime Members on all Amazon. Purchases with a couple of exceptions.
• 3% cashback for Non-Prime Members on Amazon. in purchases
• 2% cashback on purchases made with the partnered merchants using Amazon Pay; otherwise, a standard rate of 1% will be applied.
• 1% cashback on any other applicable transaction for both online and offline purchases.
• 1 RP = Re. 1
• The rewards earned will be added to the Amazon Pay balance.
• Amazon Pay balance can be used for purchases on Amazon and other partnered merchants.

Dining Benefits

• A minimum of 15% discount on bill payments with all the partnered restaurants.

Fuel

• 1% fuel surcharge waiver at all the fuel stations for transactions below Rs. 4,000.

Fees And Charges

• Annual/Renewal Fee = NIL
• Interest Rate = 3.5% to 3.8% per month or 42% to 45.6% annually.
• Forex Markup Fee = 3.5% of the total transacted value.
• Cash Advance Fee = 2.5% of the total amount or a minimum of Rs. 500.

The Amazon Pay ICICI Bank Credit Card comes with no charge and is a host to many advantageous opportunities. Individuals loyal to Amazon and who do a lot of shopping with the Amazon Pay application can save a lot on their shopping.

Quick Comparison

Here is a quick comparison on both the cards –

Basis	Axis Bank Ace Credit Card	Amazon Pay ICICI Bank Credit Card
Joining Fee	Rs. 499 + Taxes	NIL
Rewards	5% cashback on utility bill payments via Google Pay   4% cashback on Zomato, Swiggy and Ola   2% cash back on other miscellaneous spends (no capping)	5% cashback for Prime Members on all Amazon. Purchases with a couple of exceptions.   3% cashback for Non-Prime Members on Amazon. in purchases   2% cash back on purchases made with the partnered merchants using Amazon Pay; otherwise, a standard rate of 1% will be applied   1% cashback on any other applicable transaction for both online and offline purchases.   1RP = Re. 1   The rewards earned will be added to the Amazon Pay balance.   Amazon Pay balance can be used for purchases on Amazon and other partnered merchants.
Interest Rates	3.6% per month or 52.86% annually	3.5% to 3.8% per month or 42% to 45.6% annually
Dining Benefits	Up to 20% discount on dining bills at over 4,000 partnered restaurants   4% accelerated cashback on Swiggy and Zomato	A minimum of 15% discount on bill payments with all the partnered restaurants
Forex Markup Fee	3.5% of the transacted amount	3.5% of the total transacted value
Travel Benefits	4 complimentary domestic airport lounge access at selected airports   4% accelerated cashback on Ola rides	N/A
Spend Based Waiver	Joining fee waiver upon spending more than Rs. 10,000 in 45 days   Annual membership fee waiver from second year onwards upon spending Rs. 2 lakhs in a year	N/A
Fuel	1% fuel surcharge waiver at all fuel stations across the country	1% fuel surcharge waiver at all fuel stations for transactions below Rs. 4,000
Cash Advance Fee	2.5% or a minimum of Rs. 500 from the transacted value	2.5% of the total amount or a minimum of Rs. 500

Conclusion

The Axis Bank Ace Credit Card and Amazon Pay ICICI Bank Credit Card are both big brand names of online payment platforms. These cards are initially curated in order to capitalise on the particular market and the target population. The Ace card is very well-suited for people interested in or are habitual in using Google Pay for all their bills and payments, whereas Amazon Pay is suitable for those with a lot of shopping to do from Amazon. As both the cards are co-branded, the advantages are curated with the needs of the target market, but selecting the best option available totally depends on the applicant.