Axis
Axis ACE Credit Card
This is an invite only card
Apply and get ₹1400 Rewards
Top Benefits
5% Cashback on Bill Payments & Recharges Via Google Pay
Electricity, water, gas, LPG, broadband, DTH & mobile recharges paid via Google Pay using ACE (Android only). Accelerated cashback is capped at ₹500 per statement (combined with 4% category)
4% Cashback on Swiggy, Zomato & Ola
Valid on Swiggy & Zomato (app & website) forms part of the accelerated bucket
Best For
Online Food Ordering
Travel
Utility Bills
UPI
The Axis Bank ACE Credit Card offers one of the most straightforward ways to save money on your daily...
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The Axis Bank ACE Credit Card offers one of the most straightforward ways to save money on your daily...
The Axis Bank ACE Credit Card offers one of the most straightforward ways to save money on your daily household expenses. Designed primarily for Android users who actively pay bills through Google Pay, this card delivers a massive 5% cashback on utility bills, DTH, and mobile recharges. Unlike complex reward point systems that force you to calculate point values, the Axis ACE card gives you direct statement credit, meaning your savings are automatically deducted from your next bill.
This card works perfectly for budget-conscious individuals looking for a simple, entry-level cashback card. With a low income requirement of just Rs. 3 lakh per annum and an accessible joining fee of Rs. 499, it caters to young professionals and regular shoppers alike. While many entry-level cards cap their base rewards heavily, the Axis ACE card provides an unlimited 1.5% cashback on regular eligible retail spends, ensuring you earn money back on almost everything you buy.
What sets this card apart from competitors is its high base cashback rate. Most basic credit cards offer a 1% base reward rate, but the 1.5% unlimited rate on the Axis ACE card means a Rs. 20,000 monthly spend on groceries and offline shopping will earn you Rs. 300 back effortlessly. If you want a zero-hassle card that rewards you in actual rupees rather than points you might never use, this is a strong contender.
View FAQ
Commonly Asked Questions
Is the Axis Bank ACE Credit Card lifetime free?
No, the card is not lifetime free. It comes with a joining fee of Rs. 499 and an annual fee of Rs. 499, but the annual fee can be waived if you spend Rs. 2 lakh or more in a year.
Is this a good first credit card?
Yes, it is an excellent first card. The minimum income requirement is low at Rs. 3 lakh per annum, making it highly accessible for early-career professionals who want automatic cashback on daily spends.
Who should apply for this card?
Android users who regularly pay their utility bills, broadband, and recharges through the Google Pay app will get the most value from this card due to the 5% cashback category.
What makes this card different from other entry-level cards?
Its flat 1.5% unlimited cashback on regular offline and online retail spends is significantly higher than the 1% offered by most cards in the Rs. 499 fee segment.
Expert Review
From my perspective evaluating dozens of cashback cards, the Axis Bank ACE Credit Card is a fantastic utility-focused tool that belongs in almost every beginner's wallet. The sheer simplicity of getting 5% back on electricity and phone bills via Google Pay without worrying about point conversions is a massive win for the average consumer. Furthermore, the 1.5% base rate on regular offline spends is highly competitive, outperforming many premium cards that cost three times as much.
However, the card is not without its flaws. My biggest criticism is the extremely restrictive Rs. 500 monthly cap shared across both the 5% utility and 4% dining/cab categories. If you pay a large Rs. 10,000 electricity bill in the summer, you instantly exhaust your cap for the month, meaning your Swiggy orders and Ola rides will only earn the standard 1.5% rate. I would have preferred separate caps for utilities and dining.
Ultimately, if you are an Android user who wants automated savings on household bills and regular offline shopping, this card is easily worth the Rs. 499 fee. Just do not rely on it as your primary card for heavy online shopping, where competitors offer higher limits.
Joining/Annual Fee
Joining Fees
₹589 ( ₹499 + GST )
Annual Fees
₹589 ( ₹499 + GST )
The Axis Bank ACE Credit Card is positioned as an affordable entry-level option with straightforward ...
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The Axis Bank ACE Credit Card is positioned as an affordable entry-level option with straightforward ...
The Axis Bank ACE Credit Card is positioned as an affordable entry-level option with straightforward pricing. When your application is approved and the card is issued, you will be charged a one-time joining fee of Rs. 499 plus applicable GST. This fee will reflect in your very first credit card statement. Unlike some premium cards, there are no welcome benefits or vouchers provided to offset this initial cost.
From the second year onward, an annual renewal fee of Rs. 499 plus GST is charged to keep the card active. However, the bank offers a clear path to waive this annual fee. If you spend Rs. 2 lakh or more using your card within the anniversary year, the upcoming annual fee is completely waived. To break that down into practical terms, you only need to spend Rs. 16,667 per month on groceries, dining, utilities, and online shopping to hit the Rs. 2 lakh target and enjoy the card for free in the subsequent year.
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The one-time joining fee is Rs. 499 plus applicable GST. It is billed to your first statement after card issuance.
Is the joining fee one-time or recurring?
The joining fee is strictly a one-time charge. From the second year onwards, the charge is the annual renewal fee.
Can the joining fee be waived?
No, there is no automatic waiver for the joining fee based on initial spending. It is a mandatory charge at the time of issuance.
Is there a welcome bonus to offset the joining fee?
The card does not offer welcome vouchers or bonus points to offset the Rs. 499 joining fee. The value is instead provided through daily cashback.
What is the annual or renewal fee?
The annual renewal fee is Rs. 499 plus GST, charged every year starting from the completion of your first 12 months.
From when is the annual fee charged?
The annual fee is billed at the beginning of your second year of card membership, exactly 12 months after your card setup date.
Is there an annual fee waiver option?
Yes, the bank will waive your annual fee entirely if you meet the specified spending milestone during the previous card year.
What is the spending requirement for annual fee waiver?
You must spend a total of Rs. 2 lakh or more in a year to get the annual fee waived. This averages out to Rs. 16,667 in monthly card spends.
Is the fee waiver based on calendar year or card anniversary year?
The waiver calculation is based on your card anniversary year. If you get the card in June, you have until the following June to hit the Rs. 2 lakh target.
How can I get this card lifetime free?
While the card carries a Rs. 499 fee, Axis Bank periodically offers it as a lifetime free card during festive promotions or through select corporate tie-ups.
If my card is lifetime free, do I still get all the benefits?
Yes, if you secure a lifetime free offer during a promotion, you retain access to the 5% utility cashback and lounge visits without paying the yearly fee.
What happens if I don't meet the fee waiver spending requirement?
If your total annual spend falls short of Rs. 2 lakh, even by a small margin, the full Rs. 499 plus GST fee will be charged to your next statement.
Eligibility
Age
Criteria*
18-70 years
Salary
Criteria*
3LPA
Credit
Rating*
720+
New to credit
allowed
Yes
Existing Bank
Customer Allowed
Yes
Getting approved for the Axis Bank ACE Credit Card is simple due to its relaxed eligibility requireme...
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Getting approved for the Axis Bank ACE Credit Card is simple due to its relaxed eligibility requireme...
Getting approved for the Axis Bank ACE Credit Card is simple due to its relaxed eligibility requirements. The primary applicant must be at least 18 years old and not older than 70 years at the time of submitting the application. This wide age bracket makes the card accessible to college students, young professionals, and retirees.
Income requirements are equally accessible. Whether you are a salaried employee working for a company or a self-employed professional running your own business, the minimum income threshold is set at Rs. 3 Lakhs per annum. That breaks down to just Rs. 25,000 per month. If your monthly in-hand salary is Rs. 30,000, you easily clear the financial hurdle for this card.
To ensure a smooth approval process, the bank requires a strong credit history. Applicants must have a minimum CRIF score of 720 or above. A score of 720 demonstrates responsible credit behavior, such as paying past loans and credit card bills on time. If your score is below this mark, the bank will request additional income proof or decline the application.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
The primary cardholder must be at least 18 years old to be eligible for the Axis ACE Credit Card.
What is the maximum age limit for the primary cardholder?
Applicants can be up to 70 years old at the time of application, making it suitable for older individuals and retirees.
What is the minimum salary required for salaried applicants?
Salaried individuals need a minimum annual income of Rs. 3 lakh. This means anyone earning around Rs. 25,000 per month qualifies for the card.
What is the minimum annual income for self-employed applicants?
Self-employed professionals and business owners must provide an Income Tax Return (ITR) showing a minimum annual income of Rs. 3 lakh.
Can self-employed individuals apply for this card?
Yes, both salaried employees and self-employed individuals are fully eligible to apply, provided they meet the income and age criteria.
What credit score (CIBIL/CRIF) is needed for approval?
A minimum CRIF credit score of 720 or above is required by the bank's eligibility policy to process your application successfully.
Will my application be rejected if my credit score is below the requirement?
Yes, a CRIF score below 720 significantly increases the chances of rejection, as it is a mandatory eligibility criterion set by the bank.
Do I need to be an Indian citizen to apply?
Only resident Indians are eligible for the Axis ACE card; required documents include a valid Aadhaar card and PAN card.
Can NRIs (Non-Resident Indians) apply for this card?
NRIs can apply by maintaining an NRE/NRO account with Axis Bank and providing proof of foreign income and Indian residency address.
Can I get add-on cards for family members?
You can get add-on cards for immediate family members, including your spouse, parents, and children, provided they are above 15 years of age.
Can I check my eligibility without affecting my credit score?
Yes, checking your basic eligibility on partner platforms involves a soft inquiry. However, the final bank application will trigger a hard inquiry.
Do I need to have an existing account with this bank?
Having an existing savings account with Axis Bank is not mandatory, but a pre-existing relationship can speed up the application process.
All Card Benefits
- 5% cashback on utility bill payments including electricity, water, gas, LPG and broadband, as well as DTH and mobile recharges, when paid via Google Pay using the Axis Bank ACE Credit Card (Android only
- 4% cashback on spends made on Swiggy, Zomato and Ola through their mobile apps or websites
- 1.5% unlimited cashback on all other eligible retail spends
- Cashback from the 5% and 4% categories combined is capped at ₹500 per statement cycle
- 4 complimentary domestic airport lounge visits per calendar year at select airports
Welcome Benefits
The Axis Bank ACE Credit Card takes a minimalist approach and does not offer any ...
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Welcome Benefits The Axis Bank ACE Credit Card takes a minimalist approach and does not offer any ...
Welcome Benefits
The Axis Bank ACE Credit Card takes a minimalist approach and does not offer any specific welcome benefits, welcome vouchers, or bonus reward points upon activation. Instead of upfront bonuses, the card focuses entirely on providing long-term value through its daily cashback structure. This keeps the fee low at Rs. 499 without masking the cost behind temporary sign-up perks.
Cashback and Rewards Structure
The primary reason to get this card is its highly rewarding cashback program. When you use your Axis ACE card through the Google Pay app on an Android device to pay for electricity, water, gas, LPG, broadband, DTH, or mobile recharges, you earn a flat 5% cashback. For example, if your family spends Rs. 6,000 a month on these utilities, you will earn Rs. 300 back every single month just for routing the payment through this card on Google Pay.
Additionally, you get 4% cashback on food delivery and ride-hailing apps, specifically Swiggy, Zomato, and Ola, when you order directly through their respective apps or websites. If you spend Rs. 4,000 monthly on weekend food deliveries, you get Rs. 160 back. However, it is vital to know that the combined maximum cashback you can earn from both the 5% utility category and the 4% food/cab category is capped at Rs. 500 per statement cycle. Once you hit this cap, further spends in these categories earn the base rate.
For all other eligible retail shopping, whether online or offline, the card gives you an unlimited 1.5% cashback. There is no maximum limit on how much you can earn in this base category. If you purchase a new refrigerator for Rs. 40,000 from an electronics store, you will earn Rs. 600 cashback instantly credited to your next bill.
Domestic Airport Lounge Access
Traveling is more comfortable with the Axis Bank ACE Credit Card, as it offers 4 complimentary domestic airport lounge visits per calendar year at select airports across India. This is a solid perk for a card that only costs Rs. 499 annually. You can use these visits to enjoy free food, Wi-Fi, and a quiet waiting area before your flight. If a typical lounge meal costs Rs. 1,000, maxing out your four visits gives you Rs. 4,000 in value, completely covering your annual fee multiple times over.
Dining and Food Delivery Benefits
Food lovers can take advantage of the 4% cashback on Swiggy and Zomato. To get this benefit, you must place your food delivery orders directly through their official mobile apps or websites using the Axis ACE card. This is highly practical for regular weekend orders. For instance, if you order a family dinner worth Rs. 1,500, you immediately secure Rs. 60 in cashback. Remember that this shares a Rs. 500 monthly cap with the utility category. The card also offers discounts up to 15% at over 10,000 partner restaurants across India through the Axis Bank Dining Delights program.
Cab and Commute Benefits
Daily commuters benefit from 4% cashback on Ola rides. When you book a cab and pay using your Axis ACE card through the Ola app, you earn this accelerated reward. If you spend Rs. 5,000 a month commuting to work via Ola, you save Rs. 200 every month. Like food delivery, this benefit is part of the Rs. 500 monthly cap category.
Fuel Benefits
The Axis Bank ACE Credit Card provides a 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 4,000, capped at Rs. 500 per statement cycle. However, there are no reward points or cashback given on fuel transactions at petrol pumps. While this card focuses on utility and retail savings, the surcharge waiver ensures you do not pay extra fees at the pump within the specified transaction range.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus on this card?
The Axis Bank ACE Credit Card does not offer any welcome benefits or sign-up bonuses. You begin earning regular cashback from your very first eligible transaction.
Will I get a fee reversal if I spend a certain amount in the first 30 days?
No, the joining fee of Rs. 499 is not offset or reversed based on initial spending. The fee is charged to your first statement.
Are there any introductory milestone rewards?
There are no introductory milestone rewards. The card focuses strictly on standard cashback categories rather than initial milestone bonuses.
Do I get any free subscriptions when I activate the card?
The card does not provide complimentary subscriptions to platforms like Amazon Prime, Swiggy One, or Zomato Gold upon activation.
What is the standard reward rate on this card?
You earn an unlimited 1.5% cashback on all regular eligible retail spends. This means for every Rs. 1,000 you spend on shopping or groceries, you earn Rs. 15 back.
How much cashback do I get on utility bills?
You get 5% cashback on utility bills, broadband, and recharges, but only when you pay using the Axis ACE card via the Google Pay app on an Android device.
Is there a limit to how much cashback I can earn?
Yes, the accelerated 5% and 4% categories have a combined maximum limit of Rs. 500 per billing cycle. The base 1.5% cashback category has no upper limit.
Which transactions are excluded from earning cashback?
You will not earn any cashback on fuel, rent payments, EMI transactions, wallet loads, cash advances, gold purchases, insurance premiums, and educational services.
Do I earn cashback on fuel purchases?
No, fuel spends are entirely excluded from the cashback program. Spending Rs. 3,000 at a petrol pump will yield zero cashback.
Do I earn cashback on rent payments?
Rent payments do not earn any cashback. Additionally, they attract a 1% convenience fee, making it unfavorable to pay rent with this card.
Do I earn cashback on insurance premium payments?
Insurance premium payments are excluded from the rewards program. A Rs. 15,000 life insurance payment will not earn any cashback.
Are there any bonus reward points for annual spending milestones?
No, this card does not offer bonus points or milestone rewards. Your only milestone benefit is the annual fee waiver at Rs. 2 lakh in spends.
How can I redeem my accumulated cashback?
You do not need to do anything. The earned cashback is auto-credited directly to your credit card account 3 days before your next statement generation.
What redemption options are available?
Cashback is automatically adjusted against your statement balance. However, if you earn standard Edge Reward points through bank promotions, you can redeem them via the Axis Edge Rewards catalogue.
Is there a minimum cashback balance required for redemption?
There is no minimum transaction required to activate cashback. You start earning and receiving automatic statement credits from your very first eligible spend.
Is there a fee for redeeming my cashback?
Since cashback is auto-credited, there is no fee. However, if you manually redeem standard Edge Reward points from the catalogue, a handling fee of Rs. 99 plus GST applies.
Does my cashback expire?
Because the cashback is automatically credited to your statement every month and reduces your payable bill, it does not sit in an account where it can expire.
Can I transfer my cashback to a bank account?
No, the cashback cannot be transferred to a savings account. It is strictly applied as a credit against your outstanding credit card bill.
Can iOS users get the 5% cashback on Google Pay?
No, the 5% utility cashback via Google Pay is exclusively available for Android users, as per the current terms of the Axis ACE card.
How many lounge visits do I get?
You get 4 complimentary domestic airport lounge visits per calendar year at participating airports in India.
Are international lounges included?
No, this card only provides access to domestic airport lounges. International lounge visits are not part of the benefits.
Can I bring a guest for free to the lounge?
No, the complimentary lounge access is strictly for the primary cardholder. Any guests accompanying you will be charged the standard lounge entry fee.
Does this card offer railway lounge access?
The Axis ACE card does not offer any complimentary railway lounge visits.
How much do I save on food delivery?
You earn 4% cashback on orders placed on Swiggy and Zomato apps or websites. A Rs. 1,000 food order earns you Rs. 40 in cashback.
Is the dining cashback unlimited?
No, the 4% dining cashback and 5% utility cashback are combined and capped at a maximum of Rs. 500 per monthly statement cycle.
Do I get cashback if I swipe the card at a restaurant?
Swiping physically at a restaurant falls under regular retail spends, earning you the unlimited base rate of 1.5% cashback, not the accelerated 4%.
Do I get discounts through Axis Bank dining programs?
This card includes access to the Axis Dining Delights program, which provides a minimum 15% discount at thousands of partner restaurants nationwide.
How much do I earn on cab bookings?
You earn 4% cashback on Ola rides booked and paid for through the Ola mobile app. A Rs. 500 ride gives you Rs. 20 back.
Do Uber rides also get 4% cashback?
No, the 4% accelerated cashback is specifically tied to Ola. Uber rides earn the standard base rate of 1.5% cashback.
Is there a separate cap for Ola cashback?
No, the Ola cashback shares the same combined Rs. 500 monthly maximum cap alongside Swiggy, Zomato, and Google Pay utility bill payments.
Does booking a bus earn extra rewards?
This card does not offer accelerated benefits for bus bookings. Bus tickets earn the base 1.5% retail cashback.
Do I get cashback on petrol and diesel?
No, fuel spends are explicitly excluded from the cashback program. You will not earn the 1.5% base reward on fuel purchases.
Is there a fuel surcharge waiver?
Yes, the card offers a 1% fuel surcharge waiver for transactions ranging from Rs. 400 to Rs. 4,000 at all fuel stations in India.
Can I use the card at any petrol pump?
Yes, you can use the card for payments at any Visa-accepting fuel station, but the transaction will not generate any cashback or reward points.
Does paying for fuel count toward the annual fee waiver?
Fuel spends, rent, and wallet loads are excluded from the Rs. 2 lakh annual spending milestone for the fee waiver.
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
N/A
Redemption Options
This is a cashback card, and the earned cashback is adjusted directly in your monthly statement.
To check redemption catalogue
One of the biggest advantages of the Axis Bank ACE Credit Card is that you never have to worry about ...
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One of the biggest advantages of the Axis Bank ACE Credit Card is that you never have to worry about ...
One of the biggest advantages of the Axis Bank ACE Credit Card is that you never have to worry about manual redemption processes for your standard cashback. The card operates on an auto-credit system. Every month, all the cashback you earn from your 5% utility spends, 4% food delivery, and 1.5% base shopping is automatically calculated and credited directly to your credit card account. This credit happens 3 days before your monthly statement generation, effectively reducing the total bill amount you need to pay.
For example, if you spend Rs. 20,000 on offline shopping and earn Rs. 300 in cashback, and your total monthly bill is Rs. 20,000, the bank will auto-credit Rs. 300 to your account. When your statement is generated, it will show a payable balance of just Rs. 19,700. You do not need to log into any portal or make phone calls to claim this money.
However, if you happen to earn standard Edge Reward points through specific Axis Bank festive promotions or bank offers, those points must be redeemed manually. You can do this by visiting the Axis Edge Rewards catalogue website. Be aware that redeeming points from the catalogue incurs a reward redemption handling fee of Rs. 99 plus applicable GST per request.
View FAQ
Commonly Asked Questions
How do I redeem the cashback I have earned?
You do not need to manually redeem cashback. The earned cashback is auto-credited to your credit card account in the next billing cycle, exactly 3 days before statement generation.
Is cashback credited automatically or do I need to request it?
It is entirely automatic. There is no need to log into the mobile app or call customer care to request your statement credit.
How long does it take for cashback to reflect in my account?
The cashback for transactions made in your current billing cycle will reflect as a credit on your account just 3 days prior to the generation of that cycle's statement.
What can I redeem my reward points for?
If you earn promotional Edge Reward points, you can redeem them through the Axis Edge Rewards portal for items like electronic gadgets, home appliances, and digital gift vouchers.
Is there a minimum cashback balance needed before I can redeem?
No minimum transaction is required to activate cashback on this card. Your automatic cashback starts accumulating from your very first eligible retail spend.
What is the value I get when I redeem reward points against my statement balance?
For standard cashback, Rs. 1 earned is exactly Rs. 1 credited. Promotional Edge Reward points are valued at Rs. 0.20 per point when redeemed for items or vouchers from the rewards catalogue.
Is there a fee for redeeming my rewards or cashback?
There is zero fee for the auto-credited cashback. However, if you manually redeem promotional Edge Reward points from the catalogue, a fee of Rs. 99 plus GST is charged.
Do my reward points or cashback expire?
Since cashback is auto-credited to your statement monthly, it is consumed immediately and does not expire. Promotional Edge Reward points remain valid for 3 years from the date of accumulation before they expire.
Can I transfer my cashback to someone else's account?
No, cashback cannot be transferred to another individual, nor can it be withdrawn to a savings account. It strictly reduces your outstanding credit card bill.
What happens to my unredeemed points if I close the card?
If you choose to close your card, any unredeemed promotional points will be forfeited. Ensure your final statement settles all pending automatic cashback before initiating closure.
Gift card - Key Terms
Once you apply, we will start tracking your application
Generally takes 2-72 hrs
Once the bank confirms us of your successful card activation, we will process your rewards
Generally takes 7-75 days
You can then withdraw your rewards via Amazon Pay Balance/Flipkart gift cards
Generally takes 7-75 days
Note: If you currently hold or have ever held an Axis Credit Card, you are not eligible for CashKaro Rewards.
Rewards Related
- If you currently hold or have ever held an Axis Credit Card, you are not eligible for Gift Card
- A minimum transaction of Rs.100 within 30 days is mandatory to activate your card; otherwise, you wont be eligible for the Rewards
- Please use Aadhaar linked mobile number to fill the application
- If the distance between your residence and office addresses is 150 km or more, please ensure that your residence is selected as the mailing address. Applications not adhering to this will be rejected
- VKYC done over 50km from your Aadhaar/communication address will result in application rejection and loss of Rewards
Also, Remember
- Resume your application only via Great.Cards to avoid losing Rewards
- If your Rewards do not track, raise a Missing Rewards Ticket within 30 Days from the application date
- Rewards can only be redeemed as Amazon Pay Balance and Flipkart Gift Card
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Fuel Spends
EMI Transactions
Purchases converted to EMI post facto
Wallet Loads
Cash Advances
Rental Payment
Purchase of Gold/Jewellery Items
Insurance Premium Payments
Educational Services
Payment of Outstanding Balances
Payment of Card Fees
For Spends Waiver
Fuel Spends
EMI Transactions
Purchases converted to EMI post facto
Wallet Loads
Cash Advances
Rental Payment
Purchase of Gold/Jewellery Items
Insurance Premium Payments
Educational Services
Payment of Outstanding Balances
Payment of Card Fees
While the Axis Bank ACE Credit Card is generous with its 1.5% base cashback rate, the bank imposes a ...
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While the Axis Bank ACE Credit Card is generous with its 1.5% base cashback rate, the bank imposes a ...
While the Axis Bank ACE Credit Card is generous with its 1.5% base cashback rate, the bank imposes a strict list of exclusions where you will earn absolutely nothing. Transactions that do not earn any cashback include Fuel Spends, EMI Transactions, Purchases converted to EMI post facto, Wallet Loads, Cash Advances, Rental Payments, Purchase of Gold/Jewellery Items, Insurance Premium Payments, Educational Services, Payment of Outstanding Balances, and Payment of Card Fees.
Understanding the real-world impact of these exclusions helps you plan your payments. For example, if you pay a child's school fee of Rs. 50,000 using this card, you earn zero cashback because educational services are strictly excluded. Similarly, loading Rs. 5,000 into a digital wallet like Paytm or Amazon Pay will not yield rewards. You also need to watch out for the monthly cap. The accelerated 5% and 4% categories are combined and capped at Rs. 500 per month. If you already earned Rs. 500 by spending Rs. 10,000 on electricity bills on Google Pay, an additional Rs. 2,000 spent on Swiggy will earn the base 1.5% rate for that month.
View FAQ
Commonly Asked Questions
Which transactions do not earn rewards or cashback on this card?
You will not earn cashback on fuel, EMIs, wallet loads, cash advances, rent, gold/jewelry, insurance premiums, educational services, and card fee payments.
Are fuel transactions excluded from earning rewards?
Yes, fuel spends are completely excluded. Buying Rs. 2,000 worth of petrol will process successfully but will not earn the base 1.5% cashback.
Does paying rent with this card earn cashback?
No, rental payments are excluded from earning cashback. Additionally, the bank charges a 1% fee on the transaction amount when paying rent.
Are insurance premium payments excluded from rewards?
Yes, paying for life, health, or vehicle insurance premiums is excluded. A Rs. 20,000 health insurance premium payment will earn zero cashback.
Do wallet top-ups or gift card purchases earn rewards on this card?
Wallet loads are strictly excluded. Loading money into digital wallets like Paytm, Amazon Pay, or Mobikwik will not accumulate any cashback.
Are education or school fee payments excluded from earning rewards?
Yes, educational services are an excluded category. Paying college tuition or school fees with this card will not generate any cashback benefits.
Is there a list of merchant categories that are excluded from reward earning?
Transactions are tracked by Merchant Category Codes (MCC). Jewelry stores, educational institutions, insurance providers, and government-run fuel stations fall under excluded MCCs.
Does the monthly cashback cap apply to all spending categories?
The Rs. 500 monthly cap applies only to the combined 5% utility and 4% dining/cab categories. The base 1.5% retail shopping category remains unlimited.
Are utility bill payments such as electricity and water excluded?
Utility bills are NOT excluded. If paid via Google Pay on Android, they earn the highest rate of 5%. If paid through other platforms, they earn the base 1.5% rate.
What happens if I accidentally make a payment in an excluded category?
The transaction is processed normally, and the merchant is paid, but the bank calculates zero cashback for that specific purchase.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 3.50% |
APR Fees Interest rate of 3.75% per month (55% p.a) is applicable on unpaid balances and cash advances if the total amount is not paid by the due date. | 3.75% |
ATM withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable). | 2.50% |
Reward Redemption Fees No fee is charged when redeeming reward points on this card. | Not Applicable |
Link for all T&Cs | Click Here |
Railway Surcharge Surcharge on booking or cancelling railway tickets will be levied as prescribed by IRCTC or Indian Railways and may vary based on their applicable charges. | As prescribed by IRCTC / Indian Railways |
Rent Payment Fees 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges | 1% |
cheque Payment Fees A processing fee of 2% is charged for payments made through cheque at Axis Bank branches or drop boxes | 2% |
Cash Payment Fees ₹175 is charged for cash payments made towards the credit card bill at Axis Bank branches. | ₹175 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹500 | ₹0 |
| ₹501 - ₹750 | ₹500 |
| ₹751 - ₹1200 | ₹750 |
| Above ₹1200 | ₹1,200 |
Understanding the precise fee structure of the Axis Bank ACE Credit Card helps you avoid unnecessary ...
Read MoreRead Less
Understanding the precise fee structure of the Axis Bank ACE Credit Card helps you avoid unnecessary ...
Understanding the precise fee structure of the Axis Bank ACE Credit Card helps you avoid unnecessary charges and maximize your savings. While the card is marketed as an affordable entry-level product, failing to pay your bills on time or using the card for excluded transaction types results in heavy penalties. Here is a detailed breakdown of every fee associated with this card.
The Joining Fee is a mandatory charge of Rs. 499 plus GST applied when the card is issued. There is no welcome voucher or initial spend waiver to offset this cost. If you receive your card in January, the Rs. 499 charge appears on your very first billing statement in February.
The Annual or Renewal Fee is also Rs. 499 plus GST, charged at the start of your second year. However, this fee is waived if you spend Rs. 2 lakh or more during the preceding 12 months. For example, if you spend exactly Rs. 17,000 every month on groceries and bills, your annual total will reach Rs. 2,04,000, and the bank will automatically cancel the Rs. 499 renewal charge for the next year.
The APR or Interest Rate on outstanding balances is 3.75% per month, which translates to 45% annually. Credit cards provide an interest-free period of 20 to 55 days, but if you carry a balance past the due date, interest accrues daily. For example, if you fail to pay a Rs. 10,000 outstanding balance, the bank will charge you Rs. 375 in interest for that single month, completely wiping out any cashback you might have earned.
Late Payment Charges apply if you miss your minimum due payment. The bank uses a slab system based on your outstanding amount. A balance up to Rs. 100 attracts no fee. For a balance of Rs. 101 to Rs. 500, the fee is Rs. 100. From Rs. 501 to Rs. 1,000, it jumps to Rs. 600. For an outstanding balance of Rs. 3,000 (falling in the Rs. 1,001 to Rs. 5,000 slab), you will be hit with a heavy Rs. 700 fine. The maximum penalty caps at Rs. 1,300 for balances above Rs. 50,000.
The Foreign Transaction or Forex Markup Fee is charged at 3.5% on any purchase made in a currency other than Indian Rupees. If you travel abroad and swipe your card for a hotel room costing Rs. 10,000 (equivalent in USD), the bank adds a Rs. 350 markup fee to your bill. This applies to both physical international swipes and online purchases from foreign websites.
The ATM Cash Withdrawal Fee is extremely expensive. If you withdraw cash from an ATM using this credit card, the bank charges 2.5% of the withdrawn amount, with a strict minimum fee of Rs. 500. For instance, if you withdraw just Rs. 2,000 in an emergency, you will not pay 2.5% (Rs. 50), but rather the minimum flat fee of Rs. 500. Furthermore, interest starts compounding from the very day of withdrawal.
The Rent Payment Convenience Fee is set at 1% of the transaction amount, subject to applicable GST. If you use this card to pay Rs. 20,000 in monthly rent through a portal, the bank will add a Rs. 200 convenience fee to your statement. Because rent payments also earn zero cashback, using this card for rent results in a net financial loss.
The Railway Surcharge applies to train ticket bookings. A surcharge of 1% is applied to the transaction value for railway tickets. Additionally, a flat Rs. 10 fee is charged per transaction for bookings specifically made via the IRCTC portal. The card does not offer a waiver for the 1% railway surcharge; this amount is billed to your statement for all IRCTC and counter bookings.
The Cash Payment Fee is applied if you walk into a bank branch and pay your credit card bill using physical cash. A flat fee of Rs. 100 is charged for this service. You can avoid this by paying your bill digitally through net banking, UPI, or the mobile app.
The Cheque Payment Fee is charged if a cheque used for clearing your bill fails or under specific processing conditions. The bank charges Rs. 25 for cheque amounts up to Rs. 5,000, and Rs. 50 for cheque amounts above Rs. 5,000. It is safer and faster to use digital payment methods to clear your dues.
The Reward Redemption Fee applies only if you manually redeem standard Edge Reward points. A handling fee of Rs. 99 plus applicable GST is charged per redemption request. If you redeem points worth Rs. 500 for a voucher, you effectively lose Rs. 99 in fees. Remember, this fee does not apply to the standard auto-credited cashback, which is processed free of charge.
| Fee Type | Amount / Percentage |
|---|---|
| Joining Fee | Rs. 499 + GST |
| Annual Fee | Rs. 499 + GST (Waived on Rs. 2 Lakh spend) |
| Interest Rate (APR) | 3.75% per month (45% annually) |
| Late Payment Fee | Rs. 0 to Rs. 1,300 based on outstanding slab |
| Forex Markup Fee | 3.5% of transaction amount |
| Cash Withdrawal Fee | 2.5% of amount (Minimum Rs. 500) |
| Rent Payment Fee | 1% of transaction amount + GST |
| Railway Surcharge | 1% of transaction value (Rs. 10 on IRCTC) |
| Cash Bill Payment Fee | Rs. 100 per payment |
| Cheque Payment Fee | Rs. 25 up to Rs. 5k, Rs. 50 above Rs. 5k |
| Reward Redemption Fee | Rs. 99 + GST per request |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The card has a one-time joining fee of Rs. 499 plus GST, charged to your first billing statement.
What is the annual or renewal fee?
The recurring annual fee is Rs. 499 plus GST, billed at the start of your second year.
Is there an annual fee waiver based on spending?
Yes, the Rs. 499 annual fee is fully waived if your total retail spends exceed Rs. 2 lakh in the previous anniversary year.
How can I get this card lifetime free?
The card is available as a lifetime free variant during specific bank-led promotional campaigns, though the standard fee remains Rs. 499.
What is the interest rate (APR) if I don't pay my full balance?
The card charges a high interest rate of 3.75% per month, which equals 45% per annum on unpaid balances.
How is the interest calculated on outstanding balances?
Interest is calculated daily from the date of the original purchase if you fail to clear your total due by the payment deadline. Unpaid Rs. 10,000 generates Rs. 375 interest monthly.
What are the late payment charges?
Late fees range from Rs. 0 to Rs. 1,300 depending on the amount owed to the bank at the time of the missed deadline.
Is the late payment fee different based on outstanding amount?
Yes, it follows a slab structure. For example, owing Rs. 800 results in a Rs. 600 fee, while owing Rs. 30,000 results in a Rs. 1,100 fee.
What is the forex markup for international transactions?
The card charges a 3.5% forex markup fee. Buying a USD 100 item online will cost an extra Rs. 350 in markup fees.
Can I withdraw cash using my credit card?
Yes, but it is highly discouraged due to the immediate 2.5% fee and instant daily interest accrual on the withdrawn amount.
What are the cash withdrawal charges and limits?
You pay 2.5% of the cash amount withdrawn subject to a strict minimum fee of Rs. 500 per transaction, plus immediate interest.
What happens if I spend more than my credit limit?
Spending beyond your assigned limit attracts a charge of 2.5% of the over-limit amount, with a minimum penalty of Rs. 500.
Are there fees for paying rent with this card?
Yes, the bank imposes a 1% convenience fee on all rent payments made using the card.
Is there a fee for paying my bill in cash?
Yes, visiting an Axis Bank branch to pay your credit card bill with physical cash incurs a flat Rs. 100 service charge.
What are the charges for cheque payment of bills?
Processing cheques for bill payment costs Rs. 25 for amounts up to Rs. 5,000, and Rs. 50 for amounts above that threshold.
What happens if my payment cheque bounces?
A bounced cheque attracts a return fee of 2% of the cheque amount, subject to a minimum of Rs. 450, and negatively impacts your credit score.
Are there charges for railway ticket bookings?
Yes, a 1% surcharge is applied to railway ticket bookings, with an extra Rs. 10 fee added for IRCTC portal transactions.
Is there a fee to redeem my reward points?
There is no fee for auto-credited cashback. A Rs. 99 fee applies only if you manually redeem promotional Edge Reward points from the catalogue.
What are the card replacement charges for lost or stolen cards?
The bank charges a flat fee of Rs. 100 for the replacement of a lost, stolen, or damaged card.
Documents Required
To process your application smoothly, you must provide proof of identity, address, and income. Having these ready prevents unnecessary delays.
You need your PAN Card as the primary identity document. For address proof, an Aadhaar Card, Passport, or Voter ID is acceptable. To prove your income, salaried employees should provide their latest two months' salary slips and the last three months' bank statements showing salary credits. Self-employed applicants must submit their latest Income Tax Return (ITR) computation along with business continuation proof.
View FAQ
Commonly Asked Questions
What are the mandatory documents needed for application?
You must provide a PAN Card for identity, an Aadhaar card for address proof, and valid income documentation based on your employment type.
Do I need to submit physical copies of my documents?
No, if you opt for the Video KYC route, you only need to show your original physical PAN card to the camera. No paper copies are required.
What income proof is acceptable for salaried employees?
Salaried individuals need to upload their latest two months' salary slips or a recent bank statement showing salary credits.
What income proof do self-employed applicants need to provide?
Self-employed professionals must submit their latest Income Tax Return (ITR) document confirming an annual income of at least Rs. 3 Lakh.
Is Aadhaar mandatory for applying?
While Aadhaar makes the digital KYC process much faster through OTP verification, alternative address proofs like a valid Passport can be used for verification.
Can I apply using my offer letter as income proof?
No, an offer letter is not accepted as income proof. The bank requires active salary slips or bank statements proving actual income receipt.
Who Should Get This Card?
The Utility Optimizer: If you are an Android user managing the household budget, this card is perfect. Paying your electricity, water, and broadband bills via Google Pay will effortlessly net you 5% back every month.
The Offline Shopper: If you prefer buying groceries, clothes, and electronics at physical stores rather than online, the 1.5% unlimited base rate makes this one of the most rewarding offline cards in the market.
Who Should NOT Get This Card: If you use an iPhone, you will miss out on the 5% Google Pay utility benefit. Likewise, if your main expenses are heavy online shopping on Amazon or Flipkart, the low Rs. 500 monthly cap and 1.5% base rate will limit your savings compared to dedicated e-commerce cards.
Credit Limit and What to Expect
Your credit limit is determined dynamically by the bank based on several financial factors. When you apply, the bank analyzes your Rs. 3 Lakh minimum annual income, your CRIF score, and any existing debt you carry. Your starting credit limit is roughly equal to one or two times your monthly salary. For example, if you earn Rs. 50,000 a month, expect a starting limit between Rs. 50,000 and Rs. 1,00,000.
View FAQ
Commonly Asked Questions
What will my starting credit limit be?
Starting limits vary by user. Based on a minimum income of Rs. 3 lakh, a user earning Rs. 25,000 monthly will see an initial limit between Rs. 25,000 and Rs. 50,000.
How does the bank decide my credit limit?
The bank evaluates your CRIF score of 720+, your declared income, your repayment history on past loans, and your current debt-to-income ratio.
Can I request a higher credit limit later?
Yes, after consistently paying your bills on time for 6 to 12 months, you can submit an updated salary slip to the bank to request a credit limit enhancement.
Will my limit increase automatically?
Banks run periodic reviews and offer automatic pre-approved limit enhancements via SMS or the mobile app if your repayment behavior is excellent.
What happens if I spend more than my credit limit?
The bank charges an over-limit fee of 2.5% of the over-limit amount, subject to a minimum of Rs. 500. Transactions exceeding your limit may also be declined.
Does a higher credit limit improve my credit score?
Yes, having a higher limit but keeping your spending the same lowers your credit utilization ratio, which positively impacts your CRIF and CIBIL scores.
How to Apply?
Applying for the Axis Bank ACE Credit Card is a quick and digital-first process. You can start your application online through the official Axis Bank website or via trusted partner financial platforms. You will need to enter basic details such as your PAN number, employment type, and monthly income. Once the system verifies your initial eligibility based on your CRIF score of 720+ and income details, you can proceed to the digital KYC stage.
The bank heavily utilizes Video KYC (VKYC) to verify your identity without requiring a physical branch visit. During the video call, a bank executive will ask you to show your original PAN card and confirm your address. Ensure you have a strong internet connection, adequate lighting, and are physically present in India within 50km of your declared address. Once VKYC is successful, the physical card is dispatched to your home within a week.
View FAQ
Commonly Asked Questions
Where can I apply for this credit card?
You can apply online via the bank's official website, through the Google Pay app, or by visiting an Axis Bank branch.
What is Video KYC and is it mandatory?
Video KYC is a digital process to verify your identity using your phone camera. It replaces the need for physical document submission.
What do I need for a successful Video KYC call?
Keep your physical original PAN card ready, ensure you are in a well-lit room with strong internet, and have a blank piece of paper and pen for a live signature.
How can I track my application status?
After submitting your application, you will receive an Application Reference Number. You can use this ID on the Axis Bank tracking portal to check your status.
How long does the approval process take?
If your Video KYC is completed successfully and your credit score is strong, approval happens within a few days, and card delivery takes 7-10 working days.
Can I apply for this card online?
Yes, the process is optimized for online applications, allowing you to complete everything from form filling to identity verification from your home.
That’s the full story of this credit card
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Top Benefits
Apply and get ₹1400 Rewards
Top Benefits
5% Cashback on Bill Payments & Recharges Via Google Pay
Electricity, water, gas, LPG, broadband, DTH & mobile recharges paid via Google Pay using ACE (Android only). Accelerated cashback is capped at ₹500 per statement (combined with 4% category)
4% Cashback on Swiggy, Zomato & Ola
Valid on Swiggy & Zomato (app & website) forms part of the accelerated bucket
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