Axis Ace Credit Card Review

Axis Ace credit card is a darling of all cashback lovers with its best-in-class unlimited 2% cash back on offline spending and 5% on paying bills via Google Pay.



Here's an updated review of its benefits amid all the devaluations!

Charges and Welcome Benefits​

Joining Fees	₹499 + GST
Welcome Benefits	NIL
Annual Fees	₹499 + GST
Annual Fee Waiver	Spend ₹2L on your card in a year for an annual fee waiver*.
Add-on Fees	NIL
Card Category	Cashback

• *Rental and Wallet Transactions not included in annual fee waiver.

Reward Rate​

Spends Area	CashbackRate	Capping
Bill Payments on Google Pay (Electricity, Internet, Gas, DTH, and Mobile Recharges)	5%	Maximum cashback of ₹500 per statement cycle.
Swiggy, Zomato and Ola	4%	Same as above combined capping.
Other Spends*	2%	NIL

• *Cashback cannot be earned on transactions made on Educational Services, Fuel Spends, Rental Payments, Insurance Premium Payments, EMI transactions or purchases converted to EMI, Wallet loading transactions, Govt Payments and Gold/Jewelry Purchases
• Cashback earned for the purchases during the current billing cycle will be credited in the next billing cycle 3 days before the statement generation date
• No cash-back redemption fee is applicable

This card is still a leader for offline spending since it offers 2% unlimited flat statement credit at such a low fee point. This credit card has one of the most clean statements I have ever seen regarding cashback calculations.

Other Benefits​

Airport Lounge Access​

Domestic Airport Lounge Access
Complimentary Limit – 4 Visits/ Calendar year within India only for primary cardholders.
Access Via – Credit Card
Network – Visa Signature/ MasterCard World

Fuel Surcharge Waiver​

1% waiver for transactions between ₹400 to ₹4000. Maximum surcharge waiver of ₹500 per statement cycle.

Forex Markup​

Forex markup charges are applicable of 3.5%+GST.

TechnoFino Maximum​

Paying bills of ₹10,000 on the Google Pay app or using the card on select merchants ₹12,500 will maximize your savings of ₹500 per month. Rest the card can be used on all offline and online merchants for unlimited 2% cashback.

TechnoFino Recommends​

Amid all the devaluations this card still has some steam left especially the 2% unlimited cashback on offline spending. At such a low fee point, easy to achieve fee waiver, and reasonable cappings on a usually low rewarding category like bill payments this card is a showstopper as of now.

Currently, the Axis Bank credit card is being issued only by Google Pay on an invite-only basis. You can also apply it on the Axis Bank mobile app if you have a pre-qualified offer. I had used this card quite extensively along with Axis Flipkart since its launch but got rid of them in 2023 when I started transitioning to travel credit cards. A word of caution for Apple users since GPay doesn't support bill payments using a credit card on iOS.

Are you holding the Axis Ace Credit Card? Tell us in the comments below about your experience.

 

[FinoGuy]

flipkart axis has annual fee waiver on spent on 3.5 lakh in anniversary year

Rent transactions ( MCC 6513 ) and wallet load transactions ( MCC 6540 ) will not be eligible for spends counted in availing annual fee waiver.

I wrote axis fc+ & not axis fk, fc+= freecharge plus...

 

[James]

Axis fc +card also gives 5% on all utility bills in app. It has very low amc & waiver also only 50k.
Apay ICICI gives 5% if you purchase gift card then pay utility in amazon. Its a LTF card. Gives 1% on other /offline spends

I heard fc+ is charging convenience fee

 

[thomas.lunakutty]

Axis fc +card also gives 5% on all utility bills in app. It has very low amc & waiver also only 50k.
Apay ICICI gives 5% if you purchase gift card then pay utility in amazon. Its a LTF card. Gives 1% on other /offline spends

Apay ICICI + Amazon Gift card only gets me 2% ... how do I get 5% when buying amazon gift cards via Apay ICICI?

 

[paresh22]

Apay ICICI + Amazon Gift card only gets me 2% ... how do I get 5% when buying amazon gift cards via Apay ICICI?

Icici Apay card gives only 2% cashback. No way to get 5% cashback.

 

[FinoGuy]

I heard fc+ is charging convenience fee

That even gpay is charging nowadays.

 

[James]

That even gpay is charging nowadays.

They didn't charge me yet. But if they do, I'll look for another option

 

[FinoGuy]

They didn't charge me yet. But if they do, I'll look for another option

For me, for prepaid recharge convenience fees of rs1.92/100.

 

[D₹V]

Axis fc +card also gives 5% on all utility bills in app. It has very low amc & waiver also only 50k.
Apay ICICI gives 5% if you purchase gift card then pay utility in amazon. Its a LTF card. Gives 1% on other /offline spends

FC+ is discontinued now.

Axis & their rats are busy in selling paid IOCL cards.

 

[cardy]

FC+ is discontinued now.

Axis & their rats are busy in selling paid IOCL cards.

Now a days almost all banks are trying to stick paid cards to their existing customers

Getting upgrade offer in axis for privilege and rewards on MyZone LTF

Rubyx and mmt black in platinum card LTF in ICICI

Signature legend on aura edge LTF in indusind

 

[FinoGuy]

FC+ is discontinued now.

Axis & their rats are busy in selling paid IOCL cards.

Oh, discontinued.. Thx for letting me know.. Iocl is not a good card

 

[D₹V]

Oh, discontinued.. Thx for letting me know.. Iocl is not a good card

Yes, Axis is full waste now 💔

 

[Ehtasham_123]

Oh, discontinued.. Thx for letting me know.. Iocl is not a good card

Very sorry to hear this. Actually I was planning to get this one

 

[FinoGuy]

Very sorry to hear this. Actually I was planning to get this one

Honestly speaking., it was an underdog card before devaluations. (But now the dog has become mad hence got killed.)
devaluation sequence goes like this.

1. There was no cap on 5%cashback, axis introduced cap of 500.
2. Increased annual fee waiver from 35k to 50k.
3. Axis(freecharge owner) introduced convenience fees, reduced net cb to 3.6-3.8%.
4. Removed cb on insurance payments
5. Removed cb on wallet load via pg.
6. Reduced cb on rent from 5%to 1%
7. Removed cb on rent to 0%.
8. Reduced cb on education payment from 5 to 1%.
9. Last month reduced cb on education payment from 1 to 0%.
10. After all these devaluations, the only thing good in it is 50k annual waiver, rest all pros have been taken care of by axis(taken out).

This shows how sadist a*is is.. Basically a*is tortured it slowly and took out all its life, then killed it! (discontinued).
Ps: I am yet to receive welcome vouchers for freecharge axis from 1yr..Thinking of giving them RBI bamboo

 

[D₹V]

There was no cap on 5%cashback, axis introduced cap of 500.

There wasn't any introduction of 500 cap on this card.

 

[D₹V]

I am yet to receive welcome vouchers for freecharge axis from 1yr..Thinking of giving them RBI bamboo

Give them for sure

 

[FinoGuy]

There wasn't any introduction of 500 cap on this card.

Check your statement, it's written in ultra small letters. No announcement on their website /tnc document though..

 

[D₹V]

Check your statement, it's written in ultra small letters. No announcement on their website /tnc document though..

These axis rats f up everywhere.

That is just Ace template implemented incorrectly for other cards but FreeCharge never had a cap.

 

[AlgoTrader]

Few questions questions on ace card.
1. Will it give 2% on wallet loads, ?
2. will it give 2% on educational fees?
3. any cap on 2% rewards?
4. does wallet load , education fee payment considered or fee waiver?

 

[techt]

Few questions questions on ace card.
1. Will it give 2% on wallet loads, ?
2. will it give 2% on educational fees?
3. any cap on 2% rewards?
4. does wallet load , education fee payment considered or fee waiver?

1. Will it give 2% on wallet loads, ? - no ❌
2. will it give 2% on educational fees? - no ❌
3. any cap on 2% rewards? - no ❌
4. does wallet load , education fee payment considered or fee waiver? - no ❌

 

[AlgoTrader]

1. Will it give 2% on wallet loads, ? - no ❌
2. will it give 2% on educational fees? - no ❌
3. any cap on 2% rewards? - no ❌
4. does wallet load , education fee payment considered or fee waiver? - yes🆗

So it is best for offline usage, right? I have flipkart card, which is LTF and gives 1.5% , so thinking whether it makes sense to go for ace for additional 0.5%. I think not necessary