Axis Bank ACE Credit Card Review

The Axis Bank ACE Credit Card is a great option for those who prioritize cashback in a credit card: with this product, you can enjoy unlimited cashback!

If you want to know more about this credit card, keep reading:

Features and benefits

This card comes with the following features:

  • 5% cashback on bill payment, DTH recharge, and mobile recharge initiated via Google Pay,
  • 4% cashback on Swiggy, Ola, and Zomato,
  • 2% cashback on all other spends,
  • No upper limit or maximum cashback earned.

Besides, you can enjoy these benefits:

  • Joining Fee Reversal: spend Rs. 10,000 within 45 days of card issuance to avail of the joining fee reversal.
  • Annual Fee Waiver: spend Rs. 2 lakh or above in a year to avail of the annual fee waiver.
  • Complimentary Lounge Access: get 4 complimentary domestic lounge visits per year.
  • Fuel Surcharge Waiver: get a 1% fuel surcharge waiver (maximum Rs. 500 in a month) across all fuel stations on transactions between Rs. 400 to Rs. 4,000.
  • Dining Benefits: this card offers up to 20% off at 4,000+ participating restaurants.
  • Convert Purchases into EMIs: Convert your purchases of Rs. 2,500 and above into EMIs easily.

Fees and charges

If you are interested in this card and want to apply, you should also know its fees and charges:

Joining FeeRs. 499 (reversed on spending Rs. 10,000 within 45 days of card issuance)
Annual FeeRs. 499 (waived off on annual spend of Rs. 2 lakh or more)
Finance Charges3.6% p.m. | 52.86% p.a.
Cash Withdrawal Fee2.5% (Min. Rs. 500) of the cash amount
Late Payment FeeFor Outstanding Amount-Less than Rs. 500: NilFrom Rs. 501 to Rs. 5,000: Rs. 500From Rs. 5,001 to Rs. 10,000: Rs. 750Greater than Rs. 10,000: Rs. 1,200

Eligibility Criteria

To apply for the Axis Bank Ace credit card, you must consider the following eligibility criteria:

  • Primary cardholder should be between the age of 18 and 70 years,
  • You should be a resident of India.

The required documents are:

  • PAN card photocopy,
  • Colour photograph,
  • Latest payslip/Bank statement/Form 16/IT return copy as proof of income,
  • Residence proof, which may be:
    • Passport
    • Driving License
    • Voter ID Card
    • Aadhaar card
  • Identity proof, which may be:
    • Passport
    • Driving license
    • Voter ID Card
    • Aadhaar card
    • PAN card

To apply for this card, click here!