The Axis Ace Credit Card is built for people who want straightforward cashback on everyday spends rather than complicated reward programs. It rewards bill payments, food delivery and mobility with higher return rates, and posts cashback as statement credit so savings immediately reduce your balance. The card’s strength comes from predictable categories and modest fees; its main limitation is monthly caps on the headline benefits, which determine the real monthly value you can extract.

Fees of Axis Ace Credit Card

Joining Fee	Rs. 499 + GST
Annual Fee	Rs. 499 + GST
Joining Fee Waiver	Spend > Rs. 10,000 within 45 days for joining fee waiver
Annual Fee Waiver	Spend > Rs. 2 lakh in the previous year for annual fee waiver

Reward Rate

Category	Cashback rate	Typical monthly cap	Posting
Bill payments via Google Pay	Up to 5%	Rs. 500	Statement credit
Food delivery & mobility (Swiggy, Zomato, Ola)	4%	Rs. 500	Statement credit
Other spends	1.5%	No specific cap (excludes fuel, EMIs)	Statement credit

• Cashback credited three days before the statement generation date as statement credit.
• No cashback redemption fee as it is a statement credit.

Real‑world example (worked scenario)

Item	Monthly spend	Rate	Cashback
Bill payments (via qualifying channel)	Rs. 10,000	5% (capped)	Rs. 500 (cap reached)
Food delivery	Rs. 6,000	4%	Rs. 240
Other spends	Rs. 4,000	2%	Rs. 80
Total monthly cashback (practical)	—	—	Rs. 820

This illustrates the practical monthly return with Axis Ace Credit Card when you hit the caps. If you increase bill payments beyond the cap, extra amount will not earn at 5%; plan across cards to maximise total value.

Other Benefits

Airport Lounge Access

• Domestic lounge access: 8 visits per calendar year for lounges in India.
• Update: Now 4 lounge visits per calender year (On spending minimum Rs. 50,000 during the previous 3 months)
• International lounge access: No free visits

Fuel Surcharge Waiver

• 1% waiver for transactions between Rs. 400 and Rs. 4,000.
• Max waiver: Rs. 500 per statement cycle.

Forex Markup

• Forex markup: 3.5% + GST.

Pros and cons of Axis Ace Credit Card

Pros	Cons
High cashback on bill payments and food delivery	Forex markup is high for international travel
Clear, simple reward structure	Monthly caps limit total value for very high spenders
Nominal annual fee with clear waiver paths	Lounge access is conditional and not guaranteed
Cashback posts as statement credit	Invite‑only or offer‑specific waivers can restrict new applicants

Summary

CC Expert Tip

• Recommended: Pay bills of Rs. 10,000 on Google Pay for Rs. 500 cashback monthly.
• Unlimited 2% 1.5% cashback on all other merchants.