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Axis Ace Credit Card Review 2021

Updated: Sep 19, 2021

Axis Ace credit card gives higher default cashback than most premium credit cards. The 2% cashback is unrivalled in the industry. If you are thinking about taking this card, just go for it.


You can apply here.

Joining Fees

Rs. 499. Joining Fee reversed upon spends of Rs. 10,000 within 45 days of card issuance.

Additionally, no Joining Fee for applications till 30th April 2021.

This makes this card effectively free for the first year.

Annual Fees

2nd year onward: Rs. 499

Annual Fee waived off on annual spends greater than Rs. 2,00,000

This is on the higher side, but still this card is worth it.

Lounge Access

Domestic 4 complimentary lounge access per year.

Another reason to have this card in your pocket :P

Source: Axis Bank Website.

Cashback or Axis Ace Benefits

There are three categories of cashbacks

  1. 5% Cashback on Bill payments (electricity, water, gas, LPG and Broadband), DTH as well as mobile recharges through Google pay. This is an unbeatable offer in the industry which is also uncapped making this card a must for those having high utility bills.

  2. 4% Cashback on Swiggy, Zomato and Ola. This is a rather average offer as often you will be able to find better offers on Swiggy as well as on Zomato. However, for Ola 4% is a sweet deal.

  3. 2% Cashback for all other merchants (default). No other card offers such high cashback.

  4. Cash back is not given on wallet transactions, EMI, fuel, etc


The cashback is directly calculated in the next month’s statements. There is no hassle for you to call anyone to redeem your points (SBI) or pay redemption fees or even worry about expiration of points. It’s a sweet simple and great deal. I wonder why we run behind points, when life can be so much simpler.

Fuel Surcharge Waiver

Fuel surcharge is free for transactions between Rs 400 to Rs 4000 for total fuel of Rs 50000.

Earnings Table

I am considering expenses of Rs 20000 per month.

You will earn a solid 2.8% on your expenses. Also you will still earn 2% even if you don’t spend on any of the accelerated cashback categories. This makes this card worthy of being your primary credit card.

The only con of holding this card is that you don’t have any offers for your purchases on Flipkart and Amazon.

Enter your expenses in below fields and check out the Savings with this card by clicking on Calculate button.

If the Calculator doesn't run, click here and run again :-)



Similar or better cards

This is the simplest card to use without thinking of any extra conditions or offers. However, you can still hold other cards like HDFC regalia, Axis Flipkart, ICICI amazon credit cards which will take care of your ecommerce expenses.

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