Axis Bank ACE Credit Card

Name: Axis Bank ACE Credit Card
Brand: Axis Bank
Price: 499 INR
Availability: InStock
Rating: 3.5 (1 reviews)

Overview

The Axis Bank ACE Credit Card targets the everyday spender who prefers direct cashback over complex reward point systems. Launched as a Google Pay co-branded product, the card's strongest hook is 5% cashback on utility bill payments, DTH, and mobile recharges processed through Google Pay. That puts it ahead of most entry-level cards in this specific category, where typical returns hover around 1-2%.Beyond bills, the cashback structure covers food delivery at 4% on Swiggy and Zomato, plus ride-sharing on Ola at the same rate. All remaining purchases earn 1.5% cashback with no category restrictions. The absence of reward point conversion tables or minimum redemption thresholds means the cashback value is straightforward to calculate and arrives automatically.Additional perks include 4 complimentary domestic airport lounge visits per year, 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000, and up to 15% off at over 4,000 partner restaurants through the Dining Delights programme. EMI conversion is available on purchases above ₹2,500. These extras are typical for cards at this price point but add up for regular users.The ₹499 joining and annual fee both get waived through different channels and spend thresholds respectively. However, Axis Bank introduced several transaction fees in late 2024: 1% on rent payments, 1% on education payments via third-party apps, and tiered fees on utility, wallet, and fuel transactions above certain thresholds. These charges reduce the net cashback for heavy spenders in those categories, so reading the fine print matters.

Pros

↑5% cashback on utility bills and recharges via Google Pay is among the highest in the entry-level card segment, where most competitors cap at 1-2%
↑4% on Swiggy, Zomato, and Ola covers high-frequency daily spending categories that many cashback cards exclude or cap at lower rates
↑1.5% baseline cashback on all other spends with no minimum redemption threshold makes the return structure simple and predictable

Cons

↓Transaction fees of 1% on rent, education, wallet loads, and high-value utility/fuel spends (introduced Dec 2024) eat into the cashback for heavy users in those categories
↓3.5% foreign currency markup is on the higher side, making this a poor choice for international transactions
↓No international lounge access and only 4 domestic visits per year, limiting the travel benefit compared to mid-tier cards

Key Highlights

Welcome Offer
5% cashback on bills via Google Pay
Utility bills: electricity, internet, gas, DTH
Mobile recharges on Google Pay
4% on Swiggy, Zomato, Ola
1.5% on all other spends

Reward Rate
4 domestic lounge visits/year
Complimentary at select domestic airports
4 visits per calendar year
No minimum spend condition
Primary cardholder only

Minimum Salary
18-70 years, Indian resident
Age: 18 to 70 years
Must be an Indian resident
Income proof required
Credit score 700+ preferred

Joining Fee
₹499 (waived on select channels)
Joining fee: ₹499
Often waived through select digital channels
Limited time ₹0 offer available periodically

Annual Fee
₹499 (waived on ₹2L annual spend)
Annual fee: ₹499 from 2nd year
Waived if annual spends exceed ₹2,00,000
Rent and wallet load transactions excluded from waiver calculation

Why Choose?
Cashback on bills, food delivery, and rides
5% on Google Pay utility/recharge payments
4% on Swiggy, Zomato, Ola
1.5% on everything else
Fuel surcharge waiver and dining discounts

Key Benefits

Cashback

★4.5

▼

5% on utility bills and recharges via Google Pay
4% on Swiggy, Zomato, and Ola
1.5% on all other spends
No minimum redemption threshold
Cashback credited automatically

Dining

★3.0

▼

Up to 15% off at 4,000+ partner restaurants via Dining Delights
Portfolio offer, subject to periodic changes
1.5% cashback earned on dining transactions
No separate accelerated cashback category for dining

Fuel

★3.5

▼

1% fuel surcharge waiver on ₹400 to ₹4,000 transactions
Maximum benefit: ₹500 per statement cycle
Available at all fuel stations across India
No cashback earned on fuel transactions
1% fee on cumulative fuel spends above ₹50,000 per statement cycle

Shopping

★3.0

▼

1.5% cashback on all retail purchases
No category exclusions for general shopping
EMI conversion on purchases above ₹2,500
Rent transactions attract 1% fee (not eligible for fee waiver calculation)

Merchant Offers

▼

15% off at 4,000+ restaurants via Dining Delights
Offers on Google Pay partner merchants
Periodic Axis Bank promotional deals

Travel

★2.5

▼

4 complimentary domestic airport lounge visits per year
No international lounge access
3.5% foreign currency markup on international transactions
1.5% cashback on travel bookings

Airport Lounge Access

▼

4 visits per calendar year at select domestic airports
Primary cardholder only
No international lounge access
No minimum spend condition for lounge access

Emi

▼

Available on purchases above ₹2,500
Contact Axis Bank to convert transactions
Finance charges: 3.75% per month

Detailed Information

Joining Fee	₹499 (waived on select channels)
Annual Fee	₹499 from 2nd year
Annual Fee Waiver	Waived on ₹2L annual spend (excludes rent and wallet loads)
Monthly Percentage Rate	3.75%
Annual Percentage Rate	55.55%
Minimum Monthly Payment	5% of outstanding or ₹200, whichever is higher
Foreign Currency Markup	3.5%
Late Payment Charges	Nil up to ₹500 due; ₹500 (₹501-₹5,000); ₹750 (₹5,001-₹10,000); ₹1,200 (above ₹10,000)
Overlimit Charges	2.5% of overlimit amount (min ₹500)
Cash Advance Fee	2.5% of amount (min ₹500)
Card Replacement Fee	Nil
Fee For Duplicate Statement	Waived
Fee For Cheque Bounce	2% of payment amount (min ₹500)

Age Requirement Salaried	18-70 years
Age Requirement Self Employed	18-70 years
Minimum Annual Income Salaried	Not specified (bank discretion)
Minimum Annual Income Self Employed	Not specified (bank discretion)
Minimum Credit Score	700+ (indicative)

Identity Proof	PAN Card (mandatory) Passport Driving License Voter ID Aadhaar Card
Address Proof	Passport Driving License Voter ID Aadhaar Card
Income Proof Salaried	Latest payslip Bank statement Form 16 IT return copy
Income Proof Self Employed	IT return copy Bank statement Business proof

Frequently Asked Questions

The joining fee is ₹499. Axis Bank periodically offers the card with zero joining fee through select digital channels. Check the Axis Bank website or Google Pay app for current offers.

The annual fee of ₹499 (charged from the 2nd year) gets waived when your total annual spend exceeds ₹2,00,000. Rent transactions (MCC 6513) and wallet load transactions (MCC 6540) do not count toward this spend threshold.

You earn 5% cashback on utility bill payments including electricity, internet, gas, DTH, and mobile recharges when paid through Google Pay. This is the highest cashback category on the card.

Yes. Food delivery orders on Swiggy and Zomato earn 4% cashback. Ola ride-sharing transactions also earn 4% cashback. These are the second-highest cashback categories after bill payments.

All purchases that do not fall into the 5% or 4% categories earn 1.5% cashback. There are no category restrictions or caps on this baseline rate, though fuel transactions do not earn cashback.

Yes. You get 4 complimentary domestic airport lounge visits per calendar year at select airports. There is no minimum spend condition to activate lounge access. International lounge access is not included.

Yes. A 1% fuel surcharge waiver applies on fuel transactions between ₹400 and ₹4,000. The maximum benefit is capped at ₹500 per statement cycle. GST on fuel surcharge is not refundable. Fuel transactions do not earn cashback.

International transactions attract a 3.5% foreign currency markup. An additional 1.5% dynamic currency conversion markup applies if you choose to transact in Indian rupees at international locations. This makes the card unsuitable for frequent international spending.

Yes. Purchases of ₹2,500 or more can be converted to EMI by contacting Axis Bank. Finance charges of 3.75% per month apply to EMI conversions. Processing fees may apply depending on the tenure selected.

Late payment fees are tiered: nil if total due is up to ₹500, ₹500 for dues between ₹501-₹5,000, ₹750 for ₹5,001-₹10,000, and ₹1,200 for amounts above ₹10,000. An additional ₹100 applies if the minimum amount due is missed for two consecutive cycles.

The finance charge is 3.75% per month, which works out to 55.55% per annum. This applies to any unpaid balance carried forward past the due date. Paying the full statement balance by the due date avoids all interest charges.

The primary cardholder must be between 18 and 70 years old and a resident of India. Axis Bank does not publicly specify a minimum income requirement for the ACE card. Approval depends on the bank's internal assessment including credit score and income documentation.

You need a PAN card (mandatory), colour photograph, income proof (latest payslip, Form 16, or IT return), residence proof (Aadhaar, passport, driving license, or voter ID), and identity proof. Self-employed applicants need IT returns and business proof instead of payslips.

Apply through the Axis Bank website, the Axis Mobile app, or through Google Pay. You can also visit an Axis Bank branch. The digital application process requires PAN, Aadhaar, and income details. Existing Axis Bank customers may see pre-approved offers in their internet banking or mobile app.

The Axis Bank ACE Credit Card is issued on the Visa network. It is not available on Mastercard or RuPay. The card integrates with Google Pay for bill payments and recharges to earn the 5% cashback rate.

Yes. A 1% fee per transaction (plus GST) applies to all rent payments made using the card. This fee was introduced in March 2023. Rent transactions also do not count toward the ₹2 lakh annual spend required for the annual fee waiver.

Yes. While you earn 5% cashback on utility payments via Google Pay, a 1% fee applies on cumulative utility spends exceeding ₹25,000 per statement cycle. This effectively reduces the net cashback to 4% on the amount above the threshold.

Yes. A 1% fee applies on cumulative wallet load spends of ₹10,000 or more per statement cycle. Wallet load transactions (MCC 6540) are also excluded from the annual fee waiver spend calculation. This fee was introduced in December 2024.

Cash advances attract a fee of 2.5% of the withdrawn amount with a minimum of ₹500. Interest charges of 3.75% per month begin from the date of withdrawal with no interest-free period. Cash advances do not earn cashback.

The ACE card focuses on bill payments (5% via Google Pay) and food delivery (4%), while giving 1.5% on everything else. The ACE card has a lower annual fee of ₹499 versus the Cashback card. The main advantage of ACE is the higher bill payment cashback rate through Google Pay integration.

No. Fuel transactions do not earn cashback on the ACE card. However, you get a separate 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000, capped at ₹500 per statement. A 1% fee also applies on cumulative fuel spends above ₹50,000 per statement cycle.

The card provides up to 15% off at over 4,000 partner restaurants through the Dining Delights programme. Regular dining transactions also earn the standard 1.5% cashback. The Dining Delights offer is a portfolio-level benefit subject to periodic changes by Axis Bank.

No. The 4 annual domestic lounge visits are complimentary with no minimum spend condition. This is a simpler structure compared to many cards that require quarterly or monthly spending to unlock lounge access. The benefit resets each calendar year.

The overlimit penalty is 2.5% of the amount exceeding your credit limit, with a minimum charge of ₹500. Taxes apply on top. Keeping usage within 70-80% of your limit is advisable to avoid this charge and maintain a healthy credit utilization ratio.

Yes. Add-on or supplementary cards can be issued for family members. The add-on cardholder's transactions also earn cashback at the same rates. Spending on add-on cards counts toward the primary card's annual spend for fee waiver purposes. Contact Axis Bank for add-on card issuance details.