Axis Bank ACE Credit Card
Joining Fee: ₹499 + GST
Renewal Fee: ₹499 + GST
Reward Type: Cashback
Rewards System
Utility Bill Payments on Google Pay: 5% cashback on up to ₹10,000 per statement cycle, capped at ₹500.
Dining and Rides: 4% cashback on Swiggy, Zomato, and Ola, capped at ₹500 per statement cycle.
Other Spends: 1.5% cashback on all other transactions with no cap.
Non-Eligible Transactions: No cashback on EMI, fuel, wallet reloads, rent, gold/jewelry, insurance, education, government services, or utility spends outside Google Pay.
Rewards Redemption
Automatic Cashback Credit: Cashback is credited automatically 3 days before the next statement date, simplifying the process.
Other Charges
Foreign Currency Markup: 3.5% + GST
Finance Charges: 3.6% per month or 52.86% per annum.
Fuel Surcharge Waiver: 1% waiver on transactions between ₹400 and ₹4,000, with a maximum waiver of ₹500 per statement cycle.
Summary
The Axis Bank Ace Credit Card offers 5% cashback on Google Pay bill payments (capped at ₹500 per cycle) and 4% on Swiggy, Zomato, and Ola (also capped at ₹500). Other spends earn 1.5% cashback with no cap. Cashback is automatically credited three days before the statement date. The card includes four domestic airport lounge visits per year, with a ₹50,000 spend requirement over three months. It has a 3.5% foreign currency markup, no cashback redemption fee, and a 1% fuel surcharge waiver (up to ₹500 per cycle).