Axis Bank ACE Credit Card Review November 2021

By | November 4, 2021

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.

Axis Bank Ace Credit card
Axis Bank Ace Credit card

Key Highlights

  • Unlimited 5% cashback on bill payments, DTH, and mobile recharges through Google Pay
  • 4% cashback on Swiggy, Zomato & Ola
  • 2% cashback on other spends
  • Rs.499 Joining and Annual Fees
  • Annual Waived on Annual Spends of Rs.2,00,000 in the previous year.
  • No upper limit or maximum cashback earned
  • 4 Complimentary domestic lounges access per year ( One Per Quarter)

Pros & Cons


  • Straightforward cashback Credit.
  • 5% cashback on Utility payment (Highest in Industry )
  • 2% Cashback on All other Spends.


  • No Welcome Benefits.
  • No Easy Approval.
  • No cashback on fuel and EMI transactions
  • No International Lounge Access
  • Annual Fees Waiver condition little tough
  • High Foreign transaction fees.

Full Review

Here is the full review of Axis Bank ACE Credit Card

Axis Bank Ace Credit Card Video Review - All the benefits, explained

Axis Bank Ace Credit Card Video Review - All the benefits, explained

Rates and Fees

Types of ChargesAmount
Joining FeeRs.499
Annual FeeRs.499
Additional CardNone
Cash Payment feeRs.100
Finance Charges3.4% per month
Cash Withdrawal Fee2.5% (Min. Rs. 500) of the cash amount
Over limit penalty3% of the over-limit amount (Min Rs. 500)
Foreign currency transaction fee3.5% of the transaction value
Late payment feesBetween Nil to Rs.700
Charge Table

The Joining and Annual fees is low, as entry-level credit card required. However, the Renewal fees waiver condition is tough. It would be best if you spent at least Rs. 2,00,000 in the previous to get Renewal fees waived. You can here detail of charges and terms and Conditions.

Why might you go for Axis Bank ACE Credit Card ?

Below are the reason for going to Ace Credit Card. Check all the benefits in detail.


Excellent cash back Systems

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

5 % cashback 4% Cashback 2% Cashback
Electricity Swiggy2% cashback on All other Spends
Internet Zomato
Mobile Recharge
Cashback Table

Cashback is not available on Fuel, Wallet Load, and EMI spends. The 5 % cashback on Utility bill payments 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.

Features( Addition perks)

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

(1). Airport Lounge Access

  • 4 Complimentary domestic lounges access per year ( One Per Quarter)
  • Below are the list of participating lounge.
City Lounge Terminal
Delhi Plaza Premium Domestic T1D
Delhi Plaza Premium Domestic T2
Delhi Plaza Premium Domestic T3
Delhi Plaza Premium International 04
Bangalore TFS Domestic
Bangalore TFS International
Mumbai MALS Domestic
Mumbai TFS Domestic T1C
Pune Bird Domestic
Chennai TFS Domestic A
Chennai TFS Domestic B
Hyderabad Plaza Premium Domestic
Hyderabad Plaza Premium International
Kolkata TFS International
Kolkata TFS Domestic

Almost all metro cities have been covered, which is quite good.

(2).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

(3). Dining Delights

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

Why might you want to go for another credit card?

Axis Bank ACE Credit Card is an excellent entry level lifestyle credit card for cashback lovers; however, there is some drawback too, Here are some of the drawback of this credit card that might force you to go for another credit card.

(1). Tough spend waiver criteria

The spend criteria for waiver of Annual Fee is high, and you need to spend at least Rs.2,00,000 in the previous year to get Annual Fees waiver. Amazon ICICI bank credit cards do not have Annual Fees at All.

 Axis Bank should have kept this limit lower to compete against another credit card in the same category.

(2). No Welcome Benefits

There are no welcome benefits for joining this credit card, and Axis Bank has not compensated the joining fees with welcome benefits.

(3). High Foreign transaction fees.

The Axis Bank charges you 3.5% as foreign transaction fees; the transaction fees of 3.5% are very high. Another entry-level credit card, like One Credit card, charges only 1% Currency mark-up.

(4). No International Lounge Access

The Axis Bank ACE Credit does provide International Lounge access benefits. You only get 4 Complimentary domestic lounges access per year at a pre-specified airport.

What are the better alternatives of Axis Bank ACE Credit Card?

We have analyzed various credit cards that can provide you with a better value for your money spent. These include the following:

  1. Flipkart Axis Bank Credit Card
  2. Amazon Pay ICICI Credit Card

(1). Axis ace credit card Vs Axis Flipkart credit card

Basis of DifferenceAxis Bank Ace Credit CardFlipkart Axis Credit Card
Joining FeesRs.499Rs.500
Annual FeesRs.499Rs.500
Welcome Offer NoneRs.500 Flipkart Gift voucher
Fees Waiver ConditionSpends at least Rs.2 Lakh in the previous yearSpends at least Rs.2 Lakh in the previous year
Accelerated Cashback
(A). 5% cashback on the utility bill payment on Google Play.

(B).4% cashback on Swiggy, Zomato, and Ola
(A). 5% cashback on Flipkart, Myntra and 2GUD

(B). 4% Cashback on Preferred Merchant
Regular Cashback2%1.5%
FulfillmentStatement CreditStatement Credit
Dining Offers20 % Discount under the Dining Delights program.

More than 4000 partner Restaurant in India.
No Dining Benefits are available on this credit card.
Free Airport Lounge AccessEnjoy  4 complimentary visits to the domestic airport lounges.Complimentary Visits to the Domestic Airport Lounges in India.
Fuel Surcharge WaiverFuel Surcharge waiver of 1% at all the refilling stations with a maximum of ₹500 per month.No Waiver or Cashback on fuel transactions on this credit card.

It is evident from the above comparison that the Axis Bank Ace Credit card has the upper hand over the Axis Bank Flipkart Credit card. All the Cashback systems are the same other than regular cashback. Ace Credit card offers 2% unlimited cashback in contrast to Flipkart Credit card, which offers unlimited 1.5% cashback on all other expenses.

(2). Axis ace credit card Vs Amazon Pay ICICI bank Credit Card

Basis of DifferenceAxis Bank Ace Credit Card Amazon Pay ICICI Bank Credit Card
Joining FeesRs.499Nil
Annual FeesRs.499Nil
Welcome Offer NoneNone
Fees Waiver ConditionSpends at least Rs.2 Lakh in the previous yearN/A
Accelerated Cashback
(A). 5% cashback on the utility bill payment on Google Play.

(B).4% cashback on Swiggy, Zomato, and Ola
(A). 5% Cashback Back: Spends on Amazon for Amazon Prime members.

(B). 3% Cashback Back: Spends on Amazon for non-prime members
(C). 2% Cashback back: 100+ Amazon Pay partner merchants by using this card on Amazon Pay 
Regular Cashback2%1%
FulfillmentStatement CreditAmazon Pay Balance
Dining Offers20 % Discount under the Dining Delights program.

More than 4000 partner Restaurant in India.
15% savings on dining bills at over 2,500 restaurants across India through Culinary Treats Programme.
Free Airport Lounge AccessEnjoy  4 complimentary visits to the domestic airport lounges.None
Fuel Surcharge WaiverFuel Surcharge waiver of 1% at all the refilling stations with a maximum of ₹500 per month.A complete waiver of 1% on fuel surcharge every time you refuel.
Comparison Table

You see that the main difference between the two cards is cashback on Regular spending. Axis Ace credit card offers 2% cashback on All other spendings; however, Amazon pay credit card offers only 1% cashback on regular spending. Both the cards provide 55 cashback on their accelerated spends category, which can not be compared due to the specific objective.

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

Odds of Approval

The odds of Axis Bank Ace Credit card approval are good if you have a Good Credit Score ( Kore than 750). Having an Axis bank Saving/ Current account further increases your approval chances.

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 a Branch or Online Portal.

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

Bottom-line: Is Axis Bank ACE Credit good for you?

Axis Bank Ace Credit card

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.

Editor's Rating:

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

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


Here are some of the Frequently asked questions about this credit card.

Can I get an axis ACE credit card against FD?

No, Axis bank ACE credit is an unsecured credit card. You can apply against Fixed Deposit. Even people with Good income also sometimes get rejected for this card.

What is the minimum salary for an Axis credit card?

Your salaried income should be Rs.25,000 or more to get qualified for this credit card.

How can I close my axis ACE credit card?

You need to call Axis Bank customer care no. 1800-233-5577/1800-209-5577/ 1800-103-5577 at any time of the day to cancel Axis bank Ace credit card. You can also mail to customer care to know the process of the closing card.

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Avatar of Dhiraj Jha
Author: Dhiraj Jha

Hi, I am Dhiraj Jha— the founder of a leading personal blog website. I’m an experienced financial expert pursuing my main in personal finance. I have completed my graduation from the Institute of Chartered Accountants of India (ICAI). I always wanted to do something big and better, and today I’m here with my passion for helping people utilize their resources wisely. I love to acquire, review and earn reward points/cashback from credit cards, which help me travel worldwide and stay in luxurious hotels. 

16 thoughts on “Axis Bank ACE Credit Card Review November 2021

  1. Avatar of RenuRenu

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

  2. Avatar of 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…

  3. Avatar of 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.

    1. Avatar of 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.

      1. Avatar of 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

    2. Avatar of PramteshPramtesh

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

  4. Avatar of 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.

    1. Avatar of Dhiraj JhaDhiraj Jha Post author

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

    2. Avatar of abhishekabhishek

      ICICI denied my application for an Amazon credit card without any reason.

  5. Avatar of NirajNiraj

    How to get this card. Applications notification not showing in google Payapp.

  6. Avatar of Solanki Hiteshkumar KanjibhaiSolanki Hiteshkumar Kanjibhai

    As i pay more than 35000 electricity bill it is very much beneficial card for the person. I don’t have axis bank ac still my application is under process so i am very delighted and happy.


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