Axis Bank ACE Credit Card: Benefits, Eligibility and Apply Online

The Axis Bank ACE Credit Card is a versatile financial tool designed to cater to diverse spending needs with attractive benefits and rewards. It stands out in the crowded credit card market by offering a blend of cashback rewards, milestone bonuses, and exclusive privileges. 

With the Axis Bank ACE Credit Card, cardholders can enjoy benefits such as accelerated reward points on specific categories like dining, groceries, and utility bill payments. This makes it convenient for everyday expenses to translate into valuable rewards. The card also features milestone benefits, where users can earn additional bonuses upon achieving specified spending thresholds. 

Additionally, the Axis Bank ACE Credit Card provides fuel surcharge waivers, enhancing savings on fuel expenses. It also includes comprehensive insurance coverage for travel and purchase protection, adding an extra layer of security to transactions.

Whether you’re dining out, shopping for groceries, or paying utility bills, the Axis Bank ACE Credit Card aims to simplify transactions while rewarding your spending habits. Its combination of practical benefits and rewards makes it a compelling choice for individuals looking to optimize their spending and enjoy exclusive perks.

Axis Bank ACE Credit Card: Feed and Charges

Joining Fee	Rs. 499 (for select channels) From the 2nd year onward: Rs. 499 annually
Annual Fee	Waived on annual spends exceeding Rs. 2,00,000 (Note: Rent transactions and wallet load transactions are excluded from this waiver).
Card Replacement Fee	Nil
Cash Payment Fee	Rs. 100
Duplicate Statement Fee	Waived
Charge Slip Retrieval Fee/Copy Request Fee	Waived
Outstation Cheque Fee	Waived
Balance Enquiry Charges	Waived
Finance Charges (Retail Purchases and Cash Advances)	3.6% per month (52.86% per annum)
Cash Withdrawal Fee	2.5% of the cash amount (Min. Rs. 500)
Overdue Penalty/Late Payment Fees	Nil if total payment due is up to Rs. 500. Rs. 500 if total payment due is between Rs. 501 – Rs. 5000. Rs. 750 if total payment due is between Rs. 5,001 – Rs. 10,000. Rs. 1200 if total payment due is Rs. 10,001 and above.
Over Limit Penalty	2.5% of the over-limit amount (Min. Rs. 500)
Cheque Return/Dishonor Fee or Auto-Debit Reversal Fee	2% of the payment amount (Min. Rs. 450, Max. Rs. 1,500)
Surcharge on Purchase/Cancellation of Railway Tickets:	As prescribed by IRCTC/Indian Railways
Foreign Currency Transaction Fee	3.5% of the transaction value
Reward Redemption Fee	Nil
Rent Transaction Fee:	1% (capped at Rs. 1,500 per transaction)

Other Fees & Charges of Axis Bank ACE Credit Card

#1. Dynamic Currency Conversion Markup: 1% on international transactions performed in Indian currency at international locations or transactions performed in Indian currency with merchants located in India but registered in a foreign nation

#2. Best Suited For: The Axis Bank ACE Credit Card is ideal for individuals who prioritise bill payments and everyday expenses, offering cashback rewards in various categories.

#3. Reward Type: The card rewards users with cashback on their expenditures, making it convenient to earn rewards while managing regular bills and expenses.

#4. Welcome Benefits: There are no specific welcome benefits mentioned for this card.

#5. Spend-Based Waiver: Joining fee waiver is contingent on spending Rs. 10,000 within 45 days of card issuance. The annual fee from the second year onwards can be waived with total annual spends of Rs. 2,00,000 or more.

#6. Interest Rates: The card carries an interest rate of 3.6% per month, which translates to an annualised rate of 52.86%, applicable on revolving credit balances.

#7. Fuel Surcharge: Enjoy a 1% fuel surcharge waiver on fuel transactions ranging from Rs. 400 to Rs. 4,000, with a maximum waiver of Rs. 500 per month.

#8. Cash Advance Charges: Cash advances attract a fee of 2.5% of the withdrawn amount, with a minimum charge of Rs. 500.

The Axis Bank ACE Credit Card offers a practical blend of fee waivers, cashback rewards, and benefits tailored to everyday spending, making it a suitable choice for those looking to maximize savings on regular expenses.

Pros and Cons of the Axis Bank ACE Credit Card

Pros

The Axis Bank ACE Credit Card offers several attractive features that enhance its appeal:

1. 5% Cashback on Google Pay Bill Payments: Cardholders can earn 5% cashback on bill payments made via Google Pay, providing substantial savings on utility bills and other payments.

2. Free Domestic Lounge Visits: Enjoy the luxury of 4 complimentary domestic lounge visits per year, ideal for frequent travelers seeking comfort and relaxation before flights.

3. Dining Discounts: Avail discounts of up to 20% at over 4,000 restaurants across India, making dining out more enjoyable and affordable.

Cons

Despite its benefits, the Axis Bank ACE Credit Card has some limitations to consider:

1. Limited Benefit for iOS Users: iOS users miss out on the 5% cashback offer on Google Pay bill payments, limiting the attractiveness of this feature for Apple device users.

2. No Rewards for Petrol, Insurance, or Wallet Spends: The card does not offer cashback or rewards on expenditures such as petrol purchases, insurance payments, or transactions made through digital wallets.

3. Absence of Welcome Benefits: Unlike some other cards, the Axis Bank ACE Credit Card does not provide any welcome benefits upon card activation, which could be a downside for new users expecting introductory rewards.

4. Exclusions from Cashback: Certain transactions, including EMI transactions, fuel purchases, and cash advances, do not qualify for cashback rewards, reducing the overall earning potential of the card.

5. Annual Fee from Second Year Onwards: While the joining fee can be waived with qualifying spends, an annual fee is applicable from the second year onwards, which may deter potential cardholders looking to avoid recurring charges.

6. Low Caps on Cashback: The 4% and 5% cashback categories have a low cap of Rs. 500 per statement cycle, potentially limiting the maximum cashback that can be earned.

Understanding these pros and cons can help you evaluate whether the Axis Bank ACE Credit Card aligns with your spending habits and financial goals.

How to Apply for an Axis Bank ACE Credit Card?

Applying for the Axis Bank ACE Credit Card is simple and can be done either online or through a branch of Axis Bank.

Online Application Process:

1. Visit Axis Bank Website: Navigate to the Credit Cards section on the Axis Bank official website.
2. Select Axis Bank ACE Credit Card: Locate the Axis Bank ACE Credit Card and click on the “Apply Now” button.
3. Fill Application Form: Complete the online application form with your personal details, contact information, and financial particulars.
4. Upload Documents: Upload the necessary documents such as your PAN card, Aadhaar card, and proof of income.
5. Submit Application: Review the information provided, confirm accuracy, and submit the application online.

Application Process through Axis Bank Branch:

1. Visit Axis Bank Branch: Go to your nearest Axis Bank branch.
2. Request Application Form: Request an application form for the Axis Bank ACE Credit Card from a bank representative.
3. Complete Application Form: Fill out the application form with required details including personal information, financial details, and contact information.
4. Attach Documents: Attach supporting documents such as PAN card, Aadhaar card, and proof of income along with the application form.
5. Submit Application: Submit the completed application form and documents to the bank representative for processing.

Axis Bank ACE Credit Card Eligibility:

• You must be within the age bracket of 18 years and 70 years.
• You must be a resident of India.
• You must have a steady income along with a decent credit score.

Documents Required:

1. Proof of Identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, etc.
2. Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill (not more than 3 months old), etc.
3. Proof of Income: Latest salary slips (not older than 3 months), Form 16, and recent bank statements.

Once your application is submitted, Axis Bank will review the details provided. Upon approval, you can expect to receive your Axis Bank ACE Credit Card within 7-10 working days. Applying online offers convenience, while applying through a branch allows for personal assistance from Axis Bank representatives.

Credit Cards Similar to Axis Bank ACE Credit Card

When comparing credit cards similar to the Axis Bank ACE Credit Card, it’s essential to consider their unique features and benefits:

1. SBI SimplySAVE Credit Card

The SBI SimplySAVE Credit Card offers cashback rewards on essential spending categories such as grocery shopping, dining, and departmental store purchases. Cardholders earn rewards points that can be redeemed for cash credits or gifts, making it suitable for individuals who frequently spend on everyday essentials.

2. ICICI Bank Coral Credit Card

The ICICI Bank Coral Credit Card provides benefits such as accelerated rewards on dining, groceries, and utility bill payments. Cardholders also enjoy complimentary movie tickets and discounts on dining bills, along with fuel surcharge waivers, catering to frequent travelers and entertainment enthusiasts.

3. HDFC MoneyBack Credit Card

Focused on cashback rewards, the HDFC MoneyBack Credit Card offers benefits on both online and offline purchases. Cardholders earn money back on their expenditures, which can be redeemed against outstanding card balances or for gifts and vouchers, making it a versatile option for budget-conscious users.

4. Citibank Cashback Credit Card

The Citibank Cashback Credit Card provides cashback on all purchases, including groceries, utilities, and dining out. It also offers additional cashback on booking movie tickets, making it appealing for individuals who enjoy entertainment and dining experiences.

5. Standard Chartered Manhattan Platinum Credit Card

The Standard Chartered Manhattan Platinum Credit Card offers cashback rewards on grocery and department store purchases. Cardholders also benefit from discounts on dining and fuel transactions, coupled with attractive redemption options for rewards earned, catering to lifestyle and shopping enthusiasts.

Each of these credit cards provides unique benefits tailored to different spending habits and preferences. Whether you prioritize cashback rewards, discounts on dining and entertainment, or rewards for grocery shopping, selecting the right card can significantly enhance your overall spending experience and financial management.

Maximizing Everyday Rewards with Axis Bank ACE Credit Card

The Axis Bank ACE Credit Card offers a robust platform for maximizing rewards on everyday expenditures. Here’s how you can make the most of its features:

1. Cashback on Google Pay Bill Payments: Earn 5% cashback on utility bill payments made through Google Pay. This feature is especially beneficial for those who regularly settle their electricity, water, or gas bills using this platform, providing substantial savings over time.
2. Dining Discounts: Enjoy up to 20% off at over 4,000 restaurants nationwide. Whether dining out with friends or family, this perk ensures savings on food bills, making dining experiences more affordable and enjoyable.
3. Lounge Access: Avail 4 complimentary domestic lounge visits per year at select airports across India. This benefit enhances travel comfort, allowing cardholders to relax in style before their flights.
4. Fuel Surcharge Waiver: Save on fuel expenses with a 1% surcharge waiver on transactions ranging from Rs. 400 to Rs. 4,000 per month. This feature is advantageous for frequent drivers, offering savings on fuel costs throughout the year.
5. Annual Fee Waiver: The card’s annual fee can be waived from the second year onward upon achieving total annual spends of Rs. 2,00,000 or more. This encourages regular usage and rewards high-spending cardholders with cost savings.

Who Should Consider the Axis Bank ACE Credit Card?

The Axis Bank ACE Credit Card is well-suited for various individuals due to its versatile benefits:

1. First-time Credit Card Users: If you’re new to credit cards, the Axis Bank ACE Credit Card is a great starting point. It has a low annual fee and straightforward eligibility criteria, making it accessible for those entering the world of credit.

2. Cashback Enthusiasts: This card offers a flat 2% cashback on all online and offline transactions, appealing to individuals who wish to earn rewards on every purchase they make, whether it’s shopping online or paying bills in-store.

3. Utility Bill Payers: With a generous 5% cashback on utility bill payments via Google Pay, the Axis Bank ACE Credit Card provides significant savings for those who frequently settle their utility bills through this platform.

4. Cab Riders and Diners: Enjoy cashback benefits on cab rides and dining expenditures, making it an attractive option for individuals who frequently commute using cabs and dine out.

5. Lounge Access and Premium Benefits Seekers: Benefit from complimentary lounge access at select domestic airports, discounts at partner restaurants, and the option to convert purchases into easy EMIs. These perks cater to those seeking enhanced travel and lifestyle benefits.

The Axis Bank ACE Credit Card offers a blend of practical rewards and premium perks that cater to a diverse range of spending habits and preferences. Whether you’re looking to maximize cashback on everyday transactions or enjoy exclusive travel benefits, this card provides value across various categories of expenditure.

Conclusion

The Axis Bank ACE Credit Card stands out as a versatile financial tool offering a blend of practical benefits and rewarding cashback options tailored to enhance your lifestyle. Whether you’re looking to save on utility bills, enjoy dining discounts, or travel with comfort, this card provides comprehensive solutions. With 5% cashback on bill payments via Google Pay and 1.5% cashback on other spends, it rewards you generously for everyday purchases. 

The Axis Bank ACE Credit Card features a fuel surcharge waiver and easy EMI conversion options, ensuring convenience and savings on fuel expenses and large purchases respectively. With its user-friendly benefits and robust rewards program, the Axis Bank ACE Credit Card is designed to cater to diverse financial needs and elevate your spending experience.

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