Axis Bank Ace Credit Card Review

Axis Bank Ace Credit Card

  • Features & Rewards
  • Offers Availability
  • Card’s Acceptance
  • Customer Care & Issue Resolution


The Axis Bank Ace Credit Card offers 2% cashback & 5% on utility payments. This card is excellent for those who want to earn cashback on their purchases, and it is available at only 499. For those just starting the credit card journey, this card can prove to be good for them – especially if you’re new.


Axis Bank has always struggled to compete with the leaders regarding credit card offerings.

Now that the tide seems to be turning, they have introduced new products and services targeting various customer base segments.

One such product is the Axis Ace credit card which has become one of their most successful offerings.

Image of Axis Bank Ace credit card

Eligibility Criteria for the Card

There are specific criteria for you to be eligible for this card. You should note that Axis Bank has all the rights either to approve or decline the requests for the card.

  • You must be an Indian resident.
  • As a primary cardholder, your age should fall between 18 years and 70 years as a primary cardholder.

Documents Required

As per the bank’s official website, this is a list of documents that would be required for the application for an Axis Bank Ace Credit Card:

  • PAN card photocopy
  • Colour photograph
  • Latest payslip/Bank statement/Form 16/IT return copy as proof of income

Identity proof (any one of the following):

  • Passport
  • Driving license
  • Voter ID Card
  • Aadhaar card
  • PAN card

Residence proof (any one of the following):

  • Passport
  • Driving License
  • Voter ID Card
  • Aadhaar card

Fees & Charges

DescriptionFees & Charges
Joining FeeRs 499
Joining Fee reversed upon spends of Rs. 10,000 within 45 days of card issuance
Annual Fee2nd year onward: Rs. 499
Annual Fee waived off on annual spending greater than Rs. 2,00,000
Card Replacement feeWaived
Finance Charges (Retail purchases and Cash)3.6% per month (52.86% per annum)
Cash Withdrawal Fee2.5% (Min. Rs. 500) of the cash amount
Overdue penalty or Late payment feesNil if total payment Due is upto Rs. 100
Rs. 100 if total payment due is between Rs. 101 - Rs. 300
Rs. 300 if total payment due is between Rs. 301 - Rs. 1,000
Rs. 500 if total payment due is between Rs. 1,001 - Rs. 5,000
Rs. 600 if total payment due is between Rs. 5,001 - Rs. 10,000
Rs. 700 if total payment due is Rs. 10,001 and above
Over limit penalty3% of the over limit amount (Min Rs. 500)
Foreign currency transaction fee3.5% of the transaction value

How to Apply for the Axis Bank ACE Credit Card?

  • First, visit the Axis Bank website and sign up for an account to apply for this card.
  • Next, find the credit card application form on the website and complete it.
  • You will need to provide your name, address, credit score, and other required information.
  • Complete the application form, and you will need to submit it and support documents (such as bank statements) to Axis Bank.
  • Once you are approved for the card, you will receive an activation code via email. Follow this code to complete your account setup process.

Benefits of the Axis Bank Ace Credit Card

The card offers several benefits and they can be discussed below:

Axis Bank Ace Credit Card

  • 5% cashback on utility bill payments ( electricity, internet, gas and more ), DTH and mobile, recharge on Google Pay
  • Enjoy 4 complimentary lounge visits per year at select domestic airports
  • 1% fuel surcharge waiver on fuel purchases at all fuel stations across India
  • Enjoy up to 20% off at 4000+ partner restaurants in India under the Dining Delights program

Pros and Cons of the card


  • Low Annual Fee
  • 5% cashback on utility payments and mobile recharges on Google pay
  • 4% cashback on Zomato, Swiggy and Ola
  • 2% cashback on all other spends
  • 1% fuel surcharge waiver on fuel transactions
  • 4 complimentary lounge access on selected domestic airports
  • Up to 20% off on restaurants under Dining Delights


  • The annual fee waiver on the spending of Rs 2,00,000 is high.
  • No welcome benefits


Axis Bank Ace Credit Card is a great card to use. It’s a no-frills credit card that offers valuable features at an affordable price. The card has low-interest rates and allows you to carry a large balance without incurring any penalties. It also provides excellent customer service. If anything goes wrong with your account, you can always contact the bank’s support team to resolve the issue.

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How do I close my Axis ACE credit card?

You can cancel the Axis Bank Ace credit card anytime by calling 1800-209-5577, 1800-233-5577, or 1800-103-5577. Just know that you can also send a mail to the credit card team to close it.

Can the annual fee be waived for the Axis Bank Ace credit card?

Yes. There is a provision for it. But, you have to spend a minimum of Rs 2 Lakhs to get the waiver.

Does Axis Bank Ace credit card offer a complimentary International Lounge access facility?

No. The complimentary lounge access facility on the card is only for selected Indian domestic airports.

Does Axis Bank Ace credit card offer any cashback on online food delivery platforms like Zomato, Swiggy etc.?

Yes !! the card offers 4% cashback on Zomato and Swiggy

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