Axis Ace Credit Card

Axis Ace is one of the best entry level credit card. It's co branded credit card with google pay (Gpay) with pretty good reward rate compared most other cards.

 

 

Features and Benefits    

• Unlimited Cashback
  

• 5% cashback on Utility Bill Payment (Electricity, Water, Gas), broadband bill, DTH and mobile recharge through Gpay. 

• 4% cashback on Swiggy, Zomato & Ola

• From 15/6/2023 the cashback benefit under 5%&4% combined has been capped to 500/cycle.

• 2% on all retail spends 

• Lounge Access 

• Four Complimentary Lounge Access at Domestic Airport per Quarter. Applicable airports and other details.

• Fuel Surcharge
  

• 1% Fuel surcharge waiver ; Valid at all fuel outlets for transaction between 400 - 5000 Rs. Maximum benfit of 500 per statement. Note that GST charged will not be refunded.

•  Dining Delights

• Enjoy 20% discount at 4000+ partner restaurants . Click for details. 

 

    The cashback will be credited into your next card statement and thereby reducing your bill in next cycle. The Axis Ace Card statement reveals all your cashback against each transaction in a transparent manner in the statement.

 

 

Exclusion

• Fuel Spends
• EMI transactions
• Purchases converted to EMI post facto
• Wallet loading transactions
• Cash advances
• Payments made through MCC 6513 ( payment of management fees, rental commissions, rental payments or any such payments through MCC 6513)
• Payment of outstanding balances
• Payment of card fees and other card charges 
• Insurance
  

Fees 

• Joining fees is 499 +GST; Can be reversed by spending 10,000 within 45 days of card issuance

• Renewal fees (Second year) is 499 +GST; waived of on annual spends of more than 2 Lakhs.

 

Final Verdict 

    I personally feel its one of the coolest credit card as you receive rewards as cashback directly into your statement , no need worry about reward redemption and avoid redemption fees, devaluation while redeeming. 5% rewards for  Utility bills in Gpay and 2% flat cashback for all your retail spends just for entry level card is awesome. It's most have card for all entry level credit card owners. I am sure you will love it!!!