Axis Bank ACE credit card review: fees, rewards and eligibility
The Axis Bank ACE has a recorded annual fee of ₹499 and a base earn of 1.5% in Cashback. CardMasters checked its issuer terms on 2026-07-23. Affiliate commission never changes ranking; confirm final terms and approval with Axis Bank.
Axis Bank ACE: short answer
The Axis Bank ACE is in the entry tier of Axis Bank credit cards, with a joining fee of ₹499, an annual fee of ₹499 (waived on ₹2,00,000 of eligible annual spend), a base earn of 1.5% in Cashback and a 3.5% forex markup. Rewards are not earned on fuel, rent, wallet load, emi, utility. It suits bills utilities, cashback, flat rate spending; whether it beats a card you already hold depends on your own spend mix and redemption choices.
Source: CardMasters issuer-evidence catalogue, release 2026-07-23. Confirm final terms with the issuer.
Reward structure
1.5% base rewards in Cashback.
- 5 points per ₹100 on GPay bill payments/DTH/recharge (₹500 monthly cap) — 5% cashback; shared ₹500 statement-cycle cap with the 4% category
- 4 points per ₹100 on Swiggy, Zomato and Ola (₹500 monthly cap) — 4% cashback; shared ₹500 statement-cycle cap with the 5% category
Eligibility and important limits
published monthly income floor ₹25,000 Approval remains solely at the issuer’s discretion.
Does not earn: fuel, rent, wallet load, emi, utility, telecom, education, government, insurance, gold, jewellery, financial institutions, cash advance, repayments.
Important limit: Utility and telecom spending outside eligible Google Pay bill payments does not earn cashback
Frequently asked questions
What is the annual fee for the Axis Bank ACE?
The published annual fee in our current record is ₹499. It can be waived after ₹2,00,000 of eligible annual spend, subject to issuer terms.
How do rewards work on the Axis Bank ACE?
1.5% base rewards in Cashback. Accelerated routes include 5 points per ₹100 on GPay bill payments/DTH/recharge (₹500 monthly cap); 4 points per ₹100 on Swiggy, Zomato and Ola (₹500 monthly cap). Reward value depends on the eligible transaction route and redemption method.
Which transactions do not earn rewards on the Axis Bank ACE?
The current issuer-sourced exclusions recorded by CardMasters include fuel, rent, wallet load, emi, utility, telecom, education, government, insurance, gold, jewellery, financial institutions, cash advance, repayments. Merchant category coding and issuer terms determine final eligibility.
Who should consider the Axis Bank ACE?
It is most relevant for people focused on bills utilities, cashback, flat rate. Whether it improves your wallet still depends on your actual spending, existing cards, fees and redemption choices.
Is the Axis Bank ACE worth it?
It is worth holding only when the rewards and benefits you will genuinely use exceed ₹499 each year. The fee is waived at ₹2,00,000 of eligible annual spend, so check whether you reach that without forcing spend. Value the rewards at a realistic redemption rate, not the issuer's best-case example.
What is the eligibility for the Axis Bank ACE?
The published monthly income floor is ₹25,000. Approval, credit limit and final pricing are decided solely by the issuer.
What is the forex markup on the Axis Bank ACE?
The recorded foreign-currency markup is 3.5% before GST. On ₹1,00,000 of international spend that is about ₹3,500 in markup, so compare it against any rewards earned on overseas transactions.
Does the Axis Bank ACE offer airport lounge access?
Domestic lounge access: 4/yr (spend condition). International lounge access: none. Spend conditions and guest charges are set by the issuer and can change.