Axis Bank Ace Credit Card

Axis Bank Ace Credit Card is a cashback credit card that offer 5% cashback on utility bill and recharges. Where most of the credit card avoiding cashback or reward on utilities but axis ace is providing 5% cashback on utility bill payment.Apart from this it also give 4% cashback on swiggy, zomato and ola and 1.5 unlimited cashback online or offline transaction. Due to major devaluation by axis bank lets find out whether still this card is rewarding or not.

JOINING FEE
Rs. 499+ GST
RENEWAL FEE
Rs. 499+ GST
BENEFITS
2 Railway Lounge access per quarter In Year.
REWARDS &CASHBACK
5 % Cashback on Bill Payment of Electricity, Gas, DTH, Mobile Recharge & More on Google Pay

Features & Benefits

Cashback

  • Get 5% cashback on google pay on bill payment for electricity, Internet, Gas, Broadband, DTH and mobile recharge.
  • Get 4% cashback on ola, swiggy and zomato.
  • The above two cashback i.e 5% and 4% have combined capping of upto Rs.500 per statement cycle.
  • Get 1.5% Cashback on all other retail spends and there is no monthly capping excluding Fuel, Education, Rent, wallet, Jewellery, Government payment, Insurance.

Airport Lounge

  • Get 4 complimentary domestic airport lounge access in year on spending Rs.50000 in previous three months.

Fuel Surcharge Waiver

  • Get 1% Fuel surcharge waiver on all fuel transaction between Rs.400 to Rs.4000. Maximum waiver is Rs.500 per month.

Spend Based Waiver

  • The joining fee will be reversed after spending of Rs.10000 in 45 days of card issuance.
  • The annual fee of Rs.500 is waived off if you have spent RS. 2 lakh in previous year.

Dining Benefits

  • You can get upto 15% off at partner resturant with Axis bank dining delight.

Fees & Charges

Reward Redemption Fee

  • There is no Reward redemption fee. All you earn in the form of cashback and can be adjusted in next month billing cycle which is good thing so no need to worry about where the cashback is getting credited.

Foreign Currency Markup

  • The card come with high foreign currency markup fee that is 3.5% of total transaction amount. So if you are looking of any international travel & transaction credit card you can choose other cards that have zero or very less markup fee.

Finance Charges & Cash withdrawal Fee

  • Interest rate is 3.75% per month that is 55.55% per annum.
  • Cash withdawal fee is min Rs.500 upto 2.5% of cash withdrawal amount.
  • Pros & Cons

Pros

  • 5% cashback on Utility bill and mobile recharge on google pay.
  • 1.5% cashback without any limit on online and offline.
  • 4 complimentary lounge access in year.

Cons

  • 5% cashback is not for ios user on google pay.
  • 5% and 4% cashback is combined upto Rs.500 which is very low.
  • No cashback on spends such as fuel, insurance etc.
  • Final Thoughts

Axis bank ace credit card is a entry level credit card comes with decent joining and annual fee of Rs.500 that can also be reversed with spend criteria. It provide cashback on utility bill payment on google pay which is rare in entry level credit card also get cashback on ola ride, swiggy and zomato which makes this card a great choice. for those who frequently use google pay for payment of there bills for then its an excellent choice.

  • Frequently Asked Questions
How much maximum cashback can be earned in Axis Bank Ace credit card?

The 5% cashback on utility bills and recharge and 4% on ola, swiggy, zomato is capped upto Rs.500 and 1.5% cashback on other merchant spend is not capped.

You will get only domestic lounge access 4 in a year based on spend criteria that Rs.50000 in previous 3 month.

Yes the annual fee is waived off on spending Rs. 2lakh in previous year.

No. you will get 5% cashback on utility bill payment and mobile & DTH recharge made via google pay only on android app.

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