Axis Bank, in partnership with Google Pay, has introduced the entry-level Axis ACE Credit Card on the Visa (Signature) network. This card aims to offer strong everyday cashback benefits and basic travel perks at a modest fee, making it attractive for new cardholders as well as users seeking straightforward cash rewards.
Features and Benefits
- 5% Cashback on: Bill payments (electricity, internet, gas and more), DTH and mobile recharges when paid through Google Pay.
- 5% Cashback on: BigBasket and Grofers (offer valid till 31st Dec 2020).
- 4% Cashback on: Swiggy, Zomato and Ola.
- 2% Cashback on: All other eligible spends (excludes fuel, EMI payments and wallet loads).
- Lounge Access: Four complimentary airport lounge visits per year.
The uncapped 5% cashback category is unusually generous for an entry-level card, and the 2% across other spends further strengthens its everyday value proposition. These rates make the card a compelling choice for users who prioritize cashback over travel or premium lifestyle benefits.
On lounge access, note that entry-level cards typically provide access to a limited set of lounges compared with premium or super-premium cards, which usually include a broader network. Axis Bank provides a list of eligible lounges in its program documentation for transparency.
Fees and Offers
- Joining Fee: Rs. 499 + GST — refundable if you spend Rs. 10,000 within 45 days of card issuance.
- Renewal Fee: Rs. 499 + GST — waived if annual spends exceed Rs. 2,00,000.
- Limited Period Offer: No joining fee for applications received until 31st December 2020.
The refundable joining fee and the waiver on renewal for higher annual spends make the effective cost of holding the card low for active users, especially those who can meet the spend thresholds.
How to apply
Initially, the card appears to be visible to select Google Pay users directly within the app. Broader online application options, branch applications and customer care support are expected to follow. Given the recent launch, applying after mid-October may offer a smoother experience as availability expands.
Bottom line
Overall, the Axis ACE Credit Card is a strong entry-level product that delivers excellent cashback rates for a modest fee. It competes well with other entry-level offers: for example, the Flipkart Axis Bank Credit Card has been a strong performer in this segment, while ICICI’s Amazon Pay credit card and HDFC’s Millennia card each address specific user needs. Axis ACE stands out for straightforward cashback on everyday categories, which is particularly useful in the current economic climate.
This card suits beginners as well as users of higher-tier cards who want an easy-to-understand cashback-focused option. If your priority is low fees and better non-travel rewards, the Axis ACE Credit Card is worth considering.
What are your thoughts on the Axis Bank ACE Credit Card? Share your views in the comments below.