Axis Bank Ace Credit Card
Product Details
Credit Card Name :
Axis Bank Ace Credit Card
Bank Name :
Axis Bank
Type :
Rewards Credit Card
Interest Rate :
3.6% per month (52.86% per annum).
Eligibility :
Applicant should be above 18.
The minimum CIBIL score of the applicant should be 750 or above.
Pros
The card offers 5% cashback on bill payments (electricity, internet, gas and more) DTH and mobile recharges on Google Pay (capped at INR 500 per month), 4% cashback on Swiggy, Zomato & Ola. (Capped at INR 500 per month), and 2% on all other spends (uncapped).
Up to 20%off at 4000+ partner restaurants of Axis Bank in India.
4 Complimentary lounge access at select domestic airports.
Cons
Cashaback on utility bill payment and for Swiggy Zomto, Ola is capped at INR 500.
Low general cashback rate.
Pros & Cons
Welcome Benefits
None.
Rewards System
5% cashback on bill payments (electricity, internet, gas and more) DTH and mobile recharges on Google Pay. (Capped at INR 500 per month). 4% cashback on Swiggy, Zomato & Ola. (Capped at INR 500 per month). 2% on all other spends (uncapped).
Effective Cashback Rate: 2.5%
International Forex Markup
3.5%.
Welcome Benefits and Reward System
Special Features
5% cashback on bill payments (electricity, internet, gas and more) DTH and mobile recharges on Google Pay. (Capped at INR 500 per month).
Eligibility Criteria
Applicant should be above 18.
The minimum CIBIL score of the applicant should be 750 or above.
Benefits
5% cashback on bill payments: You can earn 5% cashback on bill payments made through the Google Pay app. These include utility bills such as electricity, gas, water, and broadband, as well as DTH and mobile recharges.
4% cashback on Swiggy, Zomato, and Ola: You can earn 4% cashback on your spending on Swiggy, Zomato, and Ola.
2% cashback on all other spends: You can earn 2% cashback on all other spends.
Fuel surcharge waiver: You can waive the fuel surcharge of 1% on fuel transactions between INR 400 and INR 4,000.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Here are the steps on how to apply for Axis Bank ACE Credit Card:
Visit the Axis Bank website or the Axis Bank mobile app.
Click on the "Apply for Credit Card" tab.
Select the "ACE Credit Card" from the list of credit cards.
Enter your personal details, such as your name, email address, and contact number.
Enter your employment details, such as your employer's name and address.
Enter your income details.
Upload a copy of your PAN card and address proof.
Submit your application.
Axis Bank will review your application and will get back to you within 7-10 working days. If your application is approved, you will receive your credit card within 2-3 weeks.
Contact Details
1868 419 5555 & 1860 500 5555
Account Opening and Procedure
Axis Bank Ace Credit Card
The card works best for people who use Google Pay to pay bills, order food, etc. Discounts on restaurants and lounge access are also attractive, but with the ongoing increase in petrol prices, cashbacks or reward points on fuel purchases would have been the cherry on top.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining fee: INR. 499 (reversed upon spends of Rs. 10,000 within 45 days of card issuance).
Annual fee - 2nd year onward: INR. 499 ( waived off on annual spends greater than Rs. 2,00,000).
Late payment fee: charged depending on the customer’s total amount due; ranges from Rs. 0 - 1200.
Foreign Exchange Mark-up Fees: 3.5%.
Interest Rate: 3.6% per month (52.86% per annum).
Reward Redemption Fee: INR 100.
Fuel Surcharge
1%, however it is waived for transactions between Rs.400 to Rs.4000 (Capped at Rs.500 per month)
Billing Cycle
30 Days.