Axis Bank Ace Credit Card Review: Is It Worth It?

Axis Bank ACE Credit Card is one of the best cashback cards in India as it comes with unlimited cashback at rate of 2%, along with up to 5% cashback on Google pay spends on specific categories. The card has annual fee of Rs. 499 and is best suited for those looking to earn cashback on their purchases. Here is our review of Axis Bank ACE Credit Card that will help you decide if this is the ideal choice for you.

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Features and Benefits Of Axis Bank ACE Credit Card

Unlimited Cashback on every spend

5% cashback on bill payments (electricity. internet, gas and more) DTH and mobile recharges on Google Pay
4% on Swiggy, Zomato & Ola
2% on all other spends
No upper limit on cashback

Lounge Access

Enjoy 4 complimentary lounge visits per calendar year at select domestic airports with your ACE Credit Card.

Fuel Surcharge waiver

1% fuel surcharge waiver on fuel purchases at all fuel stations across India • Valid on transactions between Rs. 400 to Rs. 4000; Maximum benefit of up to Rs. 500 per statement • GST charged on fuel surcharge won’t be refundable.

No cashback is earned on fuel transactions

Dining Delights

Indulge in delectable cuisines and enjoy up to 20% off in 4000+ partner restaurants in India.

Axis Bank ACE Credit Card in a nutshell

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 3.4% per month (or 49.36% annually) is levied n 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Cash Advance Fee: A cash withdrawal fee of 2.5% of the withdrawn amount (subject to a minimum fee of Rs. 500) is applicable on cash advance transactions from ATMs with Axis Bank Ace Credit Card.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).

Benefits 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 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 reversed on a minimum expenditure of Rs. 2 lacs in the preceding year.

Limitations 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, rent , insurance payments and cash advances.
The cashback earned at non-partner merchants (except Google Pay, Zomato, Swiggy, and Ola) is just 2%.

Axis Bank ACE Credit Card :Is It Worth It For You?

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.
You make a lot of purchases on EMIs- as you do not get any cashback on EMI purchases.

Axis Bank 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.

Axis Bank ACE Credit Card Comparison with other Cashback Credit Cards

Basis of Difference	Axis Bank ACE Credit Card	Flipkart Axis Bank Credit Card	ICICI Amazon Pay Credit Card
Annual Fee	Rs. 499	Rs. 500	Nil
Base Cashback Rate	2%	1.5%	1%
Accelerated Cashback	5% cashback on Bill Payments and mobile recharges on Google Pay 4% cashback on Swiggy, Zomato and Ola 2% cashback on all other spends	5% cashback on Flipkart, Myntra & 2GUD 4% cashback on MakeMyTrip, PVR, Uber & more 1.5% cashback on all other spends	5% cashback on Amazon for PRIME customers 3% cashback on Amazon for Non-Prime Customers 2% cashback on Amazon Pay Partner Merchants
Lounge Access	4 domestic lounge visits in a year	4 domestic lounge visits in a year	Nil
Minimum Savings on Rs. 1 lakh	Rs. 2,000	Rs. 1,500	Rs. 1,000

Axis Bank ACE Comparison with other Cashback Credit Cards

Way Forward

Generally speaking, Axis Bank ACE Credit Card is an incredible credit card that if you are explicitly searching for a cashback Credit card with low yearly expense. The 5% cashback on Utility bill spend through Google Pay is truly perfect. We see no other card which offers a 5% cashback. Likewise, the default 2% cashback on any remaining spends is key attraction. This card obviously beats any entry level credit card in the market. Yet, Axis bank restricts the cashback on Rent payments as well as insurance payments . In view above points our rating 3 out of 5 for Axis Bank ACE Credit Card.


Joining Fee	Rs. 499/- (reversed on spending Rs. 10,000 within 45 days of card issuance)
Annual Fee	Rs. 499/- (waived off on annual spends of Rs. 2 lakhs or more)
Best Suited for	Cashback
Cashback Offered	Unlimited 5% cashback on bill payments, DTH, and mobile recharges via Google Pay 4% cashback on Swiggy, Zomato & Ola 2% cashback on other spends
Base Cashback Rate	2%