Axis Bank Ace Credit Card Review
StandardAxis Bank
Quick Facts
Joining Fee₹499
Renewal Fee₹499
Best ForCashback
Forex Markup3.50%
30-Second Verdict
Expert VerdictThe Ace Credit Card is a stellar cashback card, designed specifically to maximize direct savings on daily retail, grocery, and online spends with straightforward statement credits.
General Rewards
Who Should Apply
- You spend at least ₹2,00,000 annually to waive fees.
- You value airport lounge access and travel perks.
- You want a steady return rate of 1.5% on standard spends.
Who Should Skip
- Your average monthly card spends are less than ₹25,000.
- You prefer cash statement credits over travel reward point transfers.
Key Numbers
Base Reward Rate
1.5 RP / ₹100
Accelerated Rate
None
Forex Markup
3.50%
Joining Fee
₹499
Annual Fee
₹499
Eligibility
Age: 18 - 70 Years
Regular source of income required.
Domestic Lounge
4
Primary: Yes • Add-on: No • Guest: No
Reward Point Mechanics
Understanding how your spends translate into real-world value is key. Here is how you earn, translate, and redeem your reward points.
Earning Blueprint
Accrual & MultipliersBase Earn Rate:1.5 RP / ₹100
Multipliers & Milestones:
Merchant-Specific 3.33x5% yield
5% Cashback on Bill Payments, DTH and Mobile Recharges via Google Pay. Capped under the combined accelerated cap of ₹500 per monthly billing cycle.Merchant-Specific 2.67x4% yield
4% Cashback on Swiggy, Zomato, and Ola. Capped under the combined accelerated cap of ₹500 per monthly billing cycle.Point Translation
Value depends on how you redeemStandard Currency Point Value
1 Statement Credit Cashback = ₹1
when redeemed for flights/travelRedemption Values:
Statement Credit:₹1 per pt
Partner Transfers
Miles conversion ratiosAir AsiaRatio 10:1
AeroplanRatio 20:1
Flying BlueRatio 20:1
Air India Maharaja ClubRatio 20:1
British Airways Executive ClubRatio 10:1
Ethiopian ShebaMilesRatio 20:1
Etihad GuestRatio 20:1
Finnair PlusRatio 10:1
IHG One RewardsRatio 20:1
Club ITCRatio 10:1
JAL Mileage BankRatio 20:1
Orchid RewardsRatio 20:1
PostcardRatio 20:1
Qantas Frequent FlyerRatio 20:1
RadissonRatio 20:1
KrisFlyerRatio 20:1
SpiceClubRatio 10:1
Royal Orchid PlusRatio 20:1
Turkish Miles&SmilesRatio 20:1
UnitedRatio 20:1
Vietnam Airlines LotusmilesRatio 10:1
Wyndham RewardsRatio 20:1
Welcome to our comprehensive review of the Axis Bank Ace Credit Card. We decode the card's fees, lounge access, reward rates, combined caps, and overall value.
1. Airport Lounge Access
- Domestic lounges: 4 complimentary visits per year (max 1 visit per quarter), subject to spending ₹50,000 in the previous 3 months.
- International lounges: None.
2. Rewards Rate & Value
- Utility Bills & Recharges: 5% cashback on utility payments made via Google Pay.
- Food Delivery & Mobility: 4% cashback on Swiggy, Zomato, and Ola.
- Base Rate: 1.5% uncapped cashback on other eligible transactions.
- Caps: Combined cap on accelerated (5% + 4%) spends is capped at ₹500 monthly.
3. Important Exclusions
- No cashback on fuel, rent, wallet loads, EMIs, jewellery, insurance, education, and government spends.
4. Verdict
- An excellent cashback card for heavy utility bill payers and users looking for a high 1.5% base cashback on all general spends.
Exclusions & Caps Warning
- Spends on Rent, Government transactions, and Wallet Loads are excluded from the annual waiver threshold of ₹2,00,000.
- Fuel transactions do not earn standard reward points, but are eligible for a 1% surcharge waiver up to ₹500/month.
- Cash advances, balance transfers, and EMI conversions do not earn reward points.
Pros & Cons
Advantages | Disadvantages |
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Rewards Point Calculator
Estimate your annual rewards based on your customized spending profile. Slide the bars to adjust your spends and see the total reward points earned.
Total Reward Points Earned
10,500
Points / Year
Ranked Leaderboard
| Rank | Card Name | Issuer | Annual Fee | Cashback Rate |
|---|---|---|---|---|
| #1 | Ace Credit Card | Axis Bank | ₹499 | 5% GPay Bills / 2% Utilities |
Editor's Top Picks
Best Value Return
Axis Bank Ace Credit Card offers the best base yield on general spends.
Redemption Sweet Spots
Best Value Redemption Strategy: Redeeming points for statement credits yields poor value. Instead, transfer points to airline/hotel loyalty programs (like Marriott Bonvoy or airline miles) to secure maximum value per point.
Cardswise Score
8.4
Rewards9/10
Travel Perks5/10
Lifestyle5/10
Value for Money9/10
Frequently Asked Questions
What is the spending limit on the card?
The card limit is determined based on your credit score, ITR/salary documents, and existing credit relationship with the issuing bank.
How do you apply for this card?
You can apply online via the issuer's portal, netbanking, or by visiting a local branch with income proof documents.
Do reward points expire?
Yes, the reward points have lifetime validity and will never expire.
Ace Credit Card
₹499 Joining Fee