Axis Bank ACE Credit Card from Axis Bank

Axis Bank ACE Credit Card review

Axis Bank · Visa · cashback Official sources Checked 30 Oct 2026

At a glance

Annual fee: ₹499
Joining fee: ₹499
Fee waiver: ₹2,00,000 a year
Base return: 1.5% base
Point value: ₹1 per point
Domestic lounge: 4 per calendar year at select domestic airports
International lounge: None found

Estimated net value a year

Profile	Net	% of spend
First card, light spender ₹15k a month	₹2,780	1.6%
Metro salaried ₹60k a month	₹12,210	1.7%
Family household ₹80k a month	₹16,200	1.7%
Frequent flyer ₹1.5L a month	₹30,023	1.7%
Online shopper ₹50k a month	₹10,110	1.7%
Rent-heavy ₹90k a month	₹7,902	0.7%

Fee maths: The ₹499 annual fee is waived at ₹2,00,000 a year of eligible spend, about ₹16,700 a month. Of our 6 profiles, 5 clear it; on first card, light spender you would pay the fee, which is 15% (₹3,279) of what that profile earns before the fee. On our 6 profiles it nets from ₹2,780 (first card, light spender) to ₹30,023 (frequent flyer), equal to 0.7% to 1.7% of spend across the profiles. Without a waiver, the metro salaried category mix earns back the fee from about ₹3,000 a month of total spend.

After fees and caps, best-case redemption. Use your own spend.

Our take: A simple flat-rate cashback card with a small fee that is waived at ₹2 lakh. The 5% and 4% rates only apply to Google Pay bill payments and Swiggy, Zomato and Ola, and they share one ₹500 monthly cashback cap, so treat them as a bonus on top of the 1.5% base.

From the card's terms: strengths

4 domestic lounge visits a year
Up to about 5% at partner merchants, subject to caps

Reward rates and caps

Spend category	Points per ₹100	Value per ₹100	Cap	Notes
Bills & utilities	5	₹5	₹500 a month	5% only on electricity/water/gas/LPG/broadband bills, DTH and mobile recharges paid via Google Pay (Android). Official T&C: ₹500 per statement cap, COMBINED across the 5% and 4% categories (utilities, Swiggy/Zomato/Ola). Utility spend on other platforms earns nothing. The ₹500 cap is combined across these rules and our calculator shares it.
Dining & food delivery	4	₹4	₹500 a month	4% only on Swiggy, Zomato (web/app) and Ola. Official T&C: shares the combined ₹500 per statement cap with the 5% category (not a separate cap).
Flights & hotels	4	₹4	₹500 a month	4% only on Ola rides; counts toward the same combined ₹500 per statement cap as the 5% and 4% categories (official T&C). Other travel earns base 1.5%.
Fuel, Rent	0	₹0	No cap found	No cashback on fuel (MCC 5541/5542/5983) or rent (MCC 6513). Rent attracts 1% fee and does not count toward fee waiver.
Everything else, Amazon, Flipkart, Other online shopping, Groceries, Entertainment & OTT	1.5	₹1.5	No cap found	Unlimited 1.5% on all other eligible spends (official T&C, since 20 Apr 2024; earlier 2%).

Point value: Cashback credited to statement; 1 point = ₹1. Official T&C: cashback rounded per transaction; credited 3 days before next statement date.

Excluded or reduced

Fuel (no cashback)
Rent and wallet loads (no fee-waiver credit; rent carries 1% fee)
Utility/telecom spends on platforms other than Google Pay
Education, government services, insurance, gold/jewellery, financial institutions/cash advances, EMI, card fees and repayments
From 28 Aug 2026: bridge fees, road fees and tolls earn nothing (gift cards were already excluded and are now a separate category)

Other benefits

Welcome: None stated on official page.
Renewal: None
1% fuel surcharge waiver on ₹400-4,000, max ₹500 per statement
Forex markup 3.5%

Eligibility

Not on fetched official section; aggregator says minimum income about ₹3 lakh (unverified). not confirmed in an issuer document: check the application page

Reported rule changes

28 Aug 2026: Axis Bank: changes effective 28 August 2026 (tolls, DCC markup, lounges) official

Where it ranks

#4 in Best cashback credit cards
#5 in Best credit cards for dining
#2 in Best credit cards for utility bill payments

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FAQ

What is the annual fee of the Axis Bank ACE Credit Card?

₹499 a year, waived at ₹2,00,000 annual spend. Fees exclude 18% GST.

How do Axis Bank ACE Credit Card rewards work?

1.5% base, 5% at partners, capped. Cashback credited to statement; 1 point = ₹1. Official T&C: cashback rounded per transaction; credited 3 days before next statement date.

Does the Axis Bank ACE Credit Card give airport lounge access?

Domestic: 4 per calendar year at select domestic airports. International: None found.

Who is the Axis Bank ACE Credit Card best suited to?

A simple flat-rate cashback card with a small fee that is waived at ₹2 lakh. The 5% and 4% rates only apply to Google Pay bill payments and Swiggy, Zomato and Ola, and they share one ₹500 monthly cashback cap, so treat them as a bonus on top of the 1.5% base. The ₹499 annual fee is waived at ₹2,00,000 a year of eligible spend, about ₹16,700 a month. Of our 6 profiles, 5 clear it; on first card, light spender you would pay the fee, which is 15% (₹3,279) of what that profile earns before the fee. On our 6 profiles it nets from ₹2,780 (first card, light spender) to ₹30,023 (frequent flyer), equal to 0.7% to 1.7% of spend across the profiles.