Axis Bank
Axis Bank ACE Credit Card
4.5 / 5visa
- Joining fee
- ₹499
- Annual fee
- ₹499
- Base reward
- 1.5%
- Min income
- ₹30,000/mo
- Forex markup
- 3.5%
- Interest p.a.
- 55.55%
Where it earns
| Category | Rate | Monthly cap |
|---|---|---|
| Utilities & bills | 5% | ₹500 |
| Dining | 4% | ₹500 |
| Everything else | 1.5% | Uncapped |
Benefits
- ▸5% cashback on bill payments and recharges via Google Pay (combined Rs.500/cycle cap with 4% category)
- ▸4% cashback on Swiggy, Zomato and Ola (combined Rs.500/cycle cap)
- ▸1.5% cashback on all other spends (uncapped)
- ▸Annual fee reversal on Rs.2,00,000 annual spends
- ▸1% fuel surcharge waiver (Rs.400-Rs.4,000 txns)
- ▸Dining discounts via Axis Bank Dining Delights
The good
- + High 5% cashback on utility bills via Google Pay
- + Low annual fee with achievable spend waiver
- + 1.5% uncapped cashback on all other spends
The catch
- − 5%/4% cashback capped at Rs.500 combined per statement cycle
- − 5% requires routing bills through Google Pay
- − High finance charge (3.75%/month)