Axis Bank Ace Credit Card Review
Axis Bank Ace Credit Card
Overview
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.
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.
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:
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
| Description | Fees & Charges |
|---|---|
| Joining Fee | Rs 499 Joining Fee reversed upon spends of Rs. 10,000 within 45 days of card issuance |
| Annual Fee | 2nd year onward: Rs. 499 Annual Fee waived off on annual spending greater than Rs. 2,00,000 |
| Card Replacement fee | Waived |
| Finance Charges (Retail purchases and Cash) | 3.6% per month (52.86% per annum) |
| Cash Withdrawal Fee | 2.5% (Min. Rs. 500) of the cash amount |
| Overdue penalty or Late payment fees | Nil 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 penalty | 3% of the over limit amount (Min Rs. 500) |
| Foreign currency transaction fee | 3.5% 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
Pros
- 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
Cons
- The annual fee waiver on the spending of Rs 2,00,000 is high.
- No welcome benefits
Conclusion
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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FAQs
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
