Axis Bank ACE Credit Card Review 2020

By | October 28, 2020
Axis Bank Ace Credit card

Axis Bank has launched Axis Bank ACE Credit Card in association with Google Pay. Axis bank is a well-known player in the Co-branded credit card market, and Google Pay is the largest player in the Payment App segment. This credit card offers direct cashback in a statement. Here is a detailed review of this card.

This credit card looks like maroon abstract art on a black background. This card has been hosted on Visa (Signature) platform network.

Joining & Annual Fees of Axis Bank ACE Credit Card

  • Joining Fee: Rs. 499 + GST ( Waived on spends of Rs. 10,000 within 45 days)
  • Renewal Fee: Rs. 499 + GST ( Waived if Total spends in the previous year are Rs. 2 lakh or more)

Limited Period Offer: No Joining Fee shall be charged if applications are received till 31st December 2020

The Joining and Annual fees is low, as entry level credit card required. However the Renewal fees waiver condition is tough. You need to spends at least Rs. 2,00,000 in the previous to get Renewal fees waived.

Launch Offer

  • Cashback : 5% cashback on Big Basket and Grofers
  • Validity : Valid till 31st December 2020

5% cashback on Big Basket and Gofers is available on Mobile application as well as website. This is the limited period offers. You can check the detailed terms and condition of lunch offers here.

Axis Bank ACE Credit Card Benefits

Axis Bank ACE Credit Card provides Cashback in the three categories. 5%, 4 % and 2% cashback. The default cashback is 2% on all other spending. Below is the detailed list of cashback items. The list may change in the future.

5 % cashback

  • Electricity
  • Internet
  • Gas
  • DTH
  • Mobile Recharge

4% Cashback

  • Swiggy
  • Zomato
  • Ola

2% Cashback

2 % cashback on all others spends

Cashback is not available on Fuel, Wallet Load, and EMI spends. The 5 % cashback on Utility bill payment through Google Pay is mind-blowing. I do not see any other card which is offering a 5% cashback without any cashback cap. The default 2% cashback on all other spends is an exception. This credit card clearly beat all other entry-level credit present in the market.

Axis Bank ACE Credit Card Features.

Axis Bank ACE Credit Card is entry level credit which has limited features. Below are some of them.

Airport Lounge Access

  • 4 Complimentary domestic lounges access per year ( One Per Quarter)
  • Below are the list of participating lounge.

City

  • Delhi
  • Delhi
  • Delhi
  • Delhi
  • Bangalore
  • Bangalore
  • Mumbai
  • Mumbai
  • Pune
  • Chennai
  • Chennai
  • Hyderabad
  • Hyderabad
  • Kolkata
  • Kolkata

Lounge

  • Plaza Premium
  • Plaza Premium
  • Plaza Premium
  • Plaza Premium
  • TFS
  • TFS
  • MALS
  • TFS
  • Bird
  • TFS
  • TFS
  • Plaza Premium
  • Plaza Premium
  • TFS
  • TFS

Terminal

  • Domestic T1D
  • Domestic T2
  • Domestic T3
  • International 04
  • Domestic
  • International
  • Domestic
  • Domestic T1C
  • Domestic
  • Domestic A
  • Domestic B
  • Domestic
  • International
  • International
  • Domestic

Almost all metro cities has been covered which is quite good.

Fuel surcharge waiver

  • 1% surcharge waiver
  • The transaction should be between Rs. 400 to Rs. 4000
  • Max Waiver: Rs. 500 per month
  • NO Cashback on Fuel Transaction

Dining Delights

  • 20 % Discount under the Dining Delights program.
  • More than 4000 partner Restaurant in India.
  • Here is the list of Restaurant

Pros and Cons of Axis Bank ACE Credit Card

Pros

  • 5% cashback on even Utility Bill
  • Default 2% Cashback on all others spends which exceptional.
  • Cashback Credited in Next Bill Cycle.

Cons

  • No Welcome Benefits
  • No Renewal Fees
  • No International Lounge Access
  • Annual Fees Waiver condition little tough

So which Entry-level credit card is best ?…. here is a quick comparison.

Axis Ace Credit card

  • 5 % cash back on
  • Electricity
  • Internet
  • Gas
  • DTH
  • Mobile Recharge
  • 4% cashback 
  • Swiggy
  • Zomato 
  • Ola
  • 2% cashback on 
  • All other Spends
  • 4 Domestic Lounge Access Benefits

Citi Bank Paytm First Credit card

  • 1% Cashback
  • on All spends
  • No Lounge Access Benefits

Amazon Pay ICICI Bank Credit Card

  • 5 % cash back
  • for  Amazon Prime customers at Amazon
  • 3 % Cash Back
  • for Non Prime Customers
  • 2 % Cash Back
  • On Partner Merchant spends
  • 1 % Cash back
  • On all other Spends
  • No Lounge Access Benefits

Flipkart Axis Bank Credit Card

  • 5 % cash back
  • On Flipkart, Myntra and 2GUD
  • 3 % Cash Back
  • On Prefered Partner
  • 1.5% Cashback
  • On All other Spends
  • 4 Domestic Lounge Access Benefits

It is evident from the above comparison that the Axis Bank Ace Credit card dominates all other credit cards in the entry-level segment. This card default rewards rate is 2%, which is not present in any other credit card.

Eligibility Criteria

Currently, this credit card is available only for selected customers of Google Pay. However, you can apply for this credit card by Branch or Online through the Axis Bank portal. This credit card is an entry-level credit card, so, eligible criteria are decent

  • Your Age should be between 18 to 70 years.
  • You Should be resident in India.
  • You Should possess the below documents.
  • PAN card photocopy
  • Colour photograph
  • Latest payslip/Bank statement/Form 16/IT return copy as proof of income
  • ID Proof: Copy of Passport, Driving License, Voter ID Card, and Aadhaar card

How to Apply for Axis Bank Ace Credit card

Some Google Pay Customers are already getting the application offers in Google Pay App. You should check the Google Pay App. Others Customers can apply for this card through Branch or Online Portal.

Axis Bank ACE Credit Card Application
Axis Bank ACE Credit Card Application

Bottomline

I think the Axis Bank Ace Credit card is the best in the entry-level segment. Earlier, Axis Bank Flipkart Credit card used to be the best credit card in this segment. The Entry-level card segment is getting competitive day by day.

The 5% cashback on Utility bill payment like Electricity bill, Mobile Recharge is an exception or which is not available in any other card.

The Default rewards rate on regular spends is 2% , which is also competitive with Premium level credit card.

What’s your take on Axis Bank ACE credit Card? Feel free to share your thoughts in the comments below.

Axis Bank ACE credit Card

Dhiraj Jha

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Author: Dhiraj Jha

I love to acquire, review, and earn reward points/cashback from Credit Cards for free traveling and enjoying luxury hotels. Helping people about the benefits and optimal utilization of credit cards.

13 thoughts on “Axis Bank ACE Credit Card Review 2020

  1. Avatar for RenuRenu

    Verry informative and nicely presented … All the best for coming reviews.

    Reply
  2. Avatar for RAVIRAVI

    Well arranged and very informative for finance and saving related blog … I would like to congratulate the author for such a in depth blog…

    Reply
  3. Avatar for GauravGaurav

    Looks like a lack of coordination in axis staff Axis bank staff did not process mine applications. He told me that only Axis Bank customers can apply for this card. Kindly update your article.

    Reply
    1. Avatar for Dhiraj JhaDhiraj Jha Post author

      All customers are eligible for this credit card. till now, only axis bank customers are getting this card. Apply for this card. After some days, and your applications will be processed.

      Reply
      1. Avatar for PramteshPramtesh

        I am Non account holders. I applied AXIS ACE 15 days ago.
        I received the card in 3 days of application.
        Card to Card basis application is also possible

        Reply
    2. Avatar for PramteshPramtesh

      Visit branch. Now even Non account holders can apply AXIS Credit Card

      Reply
  4. Avatar for Shashi BhushanShashi Bhushan

    Worst quality of axis bank customer care support. I am very, very disappointed with Axis bank’s customer service. I experienced the worst quality of customer support from axis bank. I applied for a Flipkart axis bank credit card and provided all necessary documents according to eligibility criteria. I tried three to four times for the same but was declined by the bank. The bank did give me valid reasons. When asked on the phone bank say due to internal parameters, your application was rejected. Stay away from this axis bank. I have used an ICICI bank amazon pay credit card. Excellent experience from icici bank.

    Reply
    1. Avatar for Dhiraj JhaDhiraj Jha Post author

      Hey, Apply for axis bank Credit through Branch. Axis bank is very choosing about giving credit to customers.

      Reply

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