Axis Ace Credit Card: Everything You Need to Know (Features, Fees & Eligibility)

Axis Ace Credit Card

Axis Ace Credit Card (India) rewards young professionals with up to 5% cashback on everyday spending like bills & mobile recharges, offering no cap on monthly cashback. Low annual fee can be waived. Ideal for those seeking a no-frills card with good cashback on essentials.

Key Highlights of Axis Ace Credit Card

Here are the key highlights of the Axis Ace Credit Card:

  • Cashback on everyday spends:
    • 5% cashback on bill payments (electricity, internet, gas, etc.) and recharges done through Google Pay.
    • 4% cashback on popular online spends like Swiggy, Zomato, and Ola.
    • 2% cashback on all other online and offline transactions.
  • Benefits for new card users: A good option for those with no prior credit card history.
  • Low annual fee: Rs. 500 with a waiver option if you spend Rs. 2 lakhs or more in a year.
  • Airport lounge access: Enjoy complimentary access to domestic airport lounges up to 4 times in a year.

Features & Benefits of Axis Ace Credit Card

The Axis Ace Credit Card offers a combination of cashback rewards, travel perks, and fee waivers that can be attractive depending on your spending habits. Here’s a breakdown of the features and benefits:

Cashback:

  • Earn 5% cashback on bill payments (electricity, internet, gas, etc.) and mobile recharges done through Google Pay.
  • Get 4% cashback on popular spending categories like Swiggy, Zomato, and Ola rides.
  • Receive a flat 2% cashback rate on all other online and offline transactions.

Benefits for New Card Users:

  • A good option for those building their credit history with no prior credit card.

Low Annual Fee:

  • The annual fee is Rs. 500 but can be waived if you spend Rs. 2 lakhs or more in a year.

Travel Perks:

  • Enjoy complimentary access to domestic airport lounges up to 4 times in a calendar year.

Other Benefits:

  • Get a fuel surcharge waiver of up to Rs. 500 per month on transactions between Rs. 400 and Rs. 4,000 at petrol pumps.
  • You can avail a joining fee reversal if you spend Rs. 10,000 within 45 days of receiving the card.
  • The card offers discounts at partner restaurants.

Things to Consider:

  • The cashback is capped at certain limits and may not apply to all transactions.
  • Remember to activate the relevant offers for bill payments and recharges on Google Pay to get the 5% cashback.

Axis Ace Credit Card Fees & Charges

The Axis Ace Credit Card does have some fees and charges to be aware of. Here’s a breakdown:

  • Joining Fee: Rs. 499. This fee can be reversed if you spend Rs. 10,000 within 45 days of getting the card.
  • Annual Fee: Rs. 499 charged annually starting from the second year. This fee can be waived if your total spends in a year exceed Rs. 2 lakhs.
  • Cash Advance Fee: 2.5% (minimum Rs. 500) of the amount withdrawn.
  • Late Payment Fee: Up to Rs. 1,200, depending on the outstanding amount.
  • Over Limit Fee: 2.5% (minimum Rs. 500) of the amount exceeding your credit limit.
  • Cheque Bounce Fee/Auto-Debit Reversal Fee: 2% of the payment amount (minimum Rs. 450 and maximum Rs. 1,519).
  • Foreign Currency Transaction Fee: 3.5% of the transaction value.
  • Surcharge on Railway Tickets: As levied by IRCTC/Indian Railways.
  • Card Replacement Fee: No fee for replacing a lost or stolen card.
  • Interest Rate on unpaid dues: 3.6% per month (42.86% per annum). This is a high rate, so it’s crucial to pay your credit card bill in full and on time to avoid accruing interest.

Axis Ace Credit Card Eligibility Criteria

Axis Bank has set some criteria to be eligible for the Axis Ace Credit Card. Here’s what you’ll need to meet:

  • Be a Resident of India: This card is only available to Indian residents.
  • Age Requirement: You must be between 18 and 70 years old.
  • Minimum Credit Score: While Axis Bank doesn’t specify a minimum credit score requirement, they will assess your creditworthiness during the application process. Generally, a higher credit score increases your chances of approval.

Axis Ace Credit Card Document Required

To apply for the Axis Ace Credit Card, you’ll need to submit the following documents:

Identity Proof (any one of the following):

  • Passport
  • Driving License
  • Voter ID Card
  • Aadhaar Card
  • PAN Card (mandatory)

Proof of Address (any one of the following):

  • Passport
  • Driving License
  • Voter ID Card
  • Aadhaar Card
  • Utility bill (electricity, telephone)

Proof of Income:

  • Salary slips (for salaried individuals)
  • ITR acknowledgement (for self-employed) along with proof of business

Additional Information:

  • While not explicitly mentioned as a document, you’ll likely need to provide your contact information during the application process.

How to Apply for an Axis Ace Credit Card?

There are two main ways you can apply for an Axis Ace Credit Card:

1. Online Application:

2. Apply Through Axis Bank Branch:

  • Locate your nearest Axis Bank branch.
  • You can find a branch locator on the Axis Bank website: https://branch.axisbank.com/
  • Visit the branch during business hours and meet a customer service representative.
  • Inform them of your interest in applying for the Axis Ace Credit Card.
  • The representative will guide you through the application process and assist you with filling out the application form.
  • Submit the required documents (photocopies are usually accepted).

Other Credit Cards Like Axis Ace

Credit Cards Similar to Axis Ace Credit Card (Cashback on Online Spends)

Feature Axis Ace Credit Card Flipkart Axis Bank Credit Card Amazon Pay ICICI Bank Credit Card Cashback SBI Card
Cashback on Top Spending Category 5% on bill payments & recharges (Google Pay), 4% on Swiggy, Zomato, Ola 5% on Flipkart purchases 5% on Amazon purchases 5% on BookMyShow movie tickets
Other Cashback Rewards 2% on all other transactions 4% on fashion spends, 2% on all other transactions 2% on bill payments (via Amazon Pay), 1% on all other transactions 1% on groceries, utilities, insurance, 0.75% on all other transactions
Annual Fee Rs. 499 (waived on spending Rs. 2 lakhs/year) Rs. 500 (waived on spending Rs. 6,000/year) Rs. 175 (waived on spending Rs. 3,000/year on Amazon Pay) Rs. 199 (waived on spending Rs. 2 lakhs/year)
Benefits for New Card Users Good option for building credit history Welcome offer subject to terms and conditions Welcome offer subject to terms and conditions Subject to bank’s policy
Other Features Airport lounge access (limited), fuel surcharge waiver Subject to terms and conditions Subject to terms and conditions Subject to terms and conditions
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