INDEPENDENT PUBLIC DIRECTORY: Eligo does not issue credit cards, collect customer applications, or earn affiliate referral commissions. All terms, fees, and interest charges below are sourced directly from the official axisbank.com (Axis Bank Ltd.) Most Important Terms and Conditions (MITC).

🏛️Axis Bank Ltd.Network: Visa SignatureShopping & Rewards CardsLast Verified: 2026-09-28

Axis ACE Credit Card

एक्सिस ऐस क्रेडिट कार्ड

Top utility and food delivery card offering 5% on Google Pay bill payments, 4% on Swiggy, Zomato, Ola, and 4 domestic lounge visits.

Annual Fee₹499 + GST (Renewal: ₹499 + GST)

Reward Rate5% Cashback on utility bill payments (electricity, gas, water), DTH recharges, and mobile recharges completed via Google Pay (capped at ₹500 cashback per calendar month). 4% unlimited cashback on Swiggy, Zomato, and Ola. 1.5% unlimited cashback on all other retail transactions (both online and offline).

Airport Lounge4 complimentary domestic airport lounge visits per calendar year (1 visit per calendar quarter) at participating domestic airport lounges across India.

Forex Markup3.50% + GST on foreign currency transactions.

What Is This Card

Axis ACE Credit Card is India's leading utility bills and dining cashback card, built in collaboration with Google Pay. It offers 5% cashback on utility bills via Google Pay, 4% unlimited on Swiggy, Zomato, and Ola, 1.5% on offline retail, and 4 complimentary domestic airport lounge visits per year.

Key Benefits (Official MITC Sourced)

💳Annual Fee & Joining Fee

₹499 + GST (Renewal: ₹499 + GST)

Fee Waiver: Spend ₹2,00,000 or more in each preceding anniversary year to get the annual renewal fee of ₹499 waived.

🎁Welcome Benefit

Zero joining fee or cashback reversal upon spending ₹10,000 within the first 45 days of card issuance.

⚡Reward Points Structure

5% Cashback on utility bill payments (electricity, gas, water), DTH recharges, and mobile recharges completed via Google Pay (capped at ₹500 cashback per calendar month). 4% unlimited cashback on Swiggy, Zomato, and Ola. 1.5% unlimited cashback on all other retail transactions (both online and offline).

Redemption Value: 1 Reward Point = ₹1.00. Cashback is automatically adjusted against your credit card statement balance in the subsequent billing cycle.

🛫Airport & Railway Lounge Access

4 complimentary domestic airport lounge visits per calendar year (1 visit per calendar quarter) at participating domestic airport lounges across India.

🛡️Insurance & Fuel Surcharge Waiver

Insurance Cover: Standard fraud liability cover up to credit limit under zero lost card liability.

Fuel Surcharge: 1% fuel surcharge waiver across all petrol pumps in India on transaction amounts between ₹400 and ₹4,000 (maximum waiver of ₹500 per statement cycle).

🎯Milestone Spends & Grace Period

Milestones: Annual fee reversal on ₹2,00,000 annual spend. Uncapped 4% cashback on Swiggy, Zomato, and Ola.

Interest-Free Period: Up to 50 days of interest-free credit from transaction date.

What's Missing (Eligo's Honest Disclosures)

Fine-Print Exclusions & Realistic Costs

5% utility bill cashback is capped at ₹500 per month and must be processed exclusively through the Google Pay app on Android/iOS. Spend waiver threshold is ₹2 Lakhs. Forex markup is 3.50%.

Forex Markup Fee3.50% + GST on foreign currency transactions.

Cash Advance Fee2.5% of withdrawn amount or ₹500 (whichever is higher) + 3.60% monthly finance charges.

Finance Charges (Interest)3.60% per month (43.20% per annum) on revolving balances.

Late Payment SlabsNil for outstanding up to ₹500; ₹500 for ₹501–₹5,000; ₹750 for ₹5,001–₹10,000; ₹1,200 for outstanding above ₹10,000 (+ GST).

Reward Points ExpiryCashback is credited directly to statement balance and does not expire.

Categories Earning ZERO Rewards (Standard MITC Exclusion):Fuel transactions, wallet loads, rent payments, educational institutional payments, and government tax payments do not earn cashback.

Eligibility Criteria

Salaried Indian individuals aged 18 to 70 with monthly salary exceeding ₹20,000. Self-employed individuals aged 18 to 70 with annual ITR exceeding ₹3,60,000.

Age Requirement18 to 70 Years

Minimum Income₹20,000/month (Salaried) / ₹3,60,000/year ITR (Self-Employed)

CIBIL Score NoteA credit score of 730+ is standard. Google Pay users frequently receive exclusive in-app invites.

SBI RelationshipNot mandatory. Open to all qualifying Indian citizens.

How to Apply (Official Procedure)

Online Digital Application Flow

1Open Google Pay app and navigate to 'Manage your money' > 'Axis ACE Credit Card'.

2Enter PAN and mobile number for soft eligibility evaluation.

3Confirm employment details and monthly income.

4Authorize digital Aadhaar e-KYC for instant address verification.

5Complete online Video KYC session with Axis Bank verification officer.

6Card is approved and dispatched via courier within 3 to 5 business days.

Branch Application for Offline Applicants

Apply at any Axis Bank branch by submitting self-attested copies of PAN, Aadhaar, salary slip, and a passport-size photo.

Visit Official Card Page (axisbank.com)Download Official MITC (PDF)

Documents Required

1. PAN Card (statutory requirement)

2. Proof of Identity & Residence: Aadhaar Card, Passport, or Voter ID

3. Proof of Income: Last 3 months' salary slips with bank statement OR Latest ITR with Computation Sheet

4. Passport-size photograph.

Frequently Asked Questions (Official MITC)

What happens if I miss the minimum payment due on Axis ACE Credit Card?

If you do not pay at least the Minimum Amount Due (MAD) on or before the due date, late payment penalties will be charged according to the issuer's tariff: Nil for outstanding up to ₹500; ₹500 for ₹501–₹5,000; ₹750 for ₹5,001–₹10,000; ₹1,200 for outstanding above ₹10,000 (+ GST).. In addition, revolving finance charges at 3.60% per month (43.20% per annum) on revolving balances. will be calculated from the original transaction dates on all outstanding balances and fresh purchases. You will lose the interest-free grace window, and the overdue record will be transmitted to credit bureaus (CIBIL, Experian, CRIF High Mark), adversely impacting your credit score.

Can I convert transactions on Axis ACE Credit Card into EMI?

Yes, Axis Bank Ltd. provides merchant EMI and post-purchase in-app EMI conversion options for eligible transactions (typically above ₹1,500 to ₹2,500). Cardholders can configure repayment schedules from 3 to 24 months via the bank's mobile application, net banking dashboard, or SMS prompt. Conversion is subject to a nominal one-time processing fee (usually 1% to 2% + 18% GST) and tenure-based interest charges.

How do I track and redeem reward points or cashback on Axis ACE Credit Card?

You can monitor accrued reward points or cashback by accessing your monthly e-statements or logging into Axis Bank Ltd.'s official mobile banking application or web portal. 1 Reward Point = ₹1.00. Cashback is automatically adjusted against your credit card statement balance in the subsequent billing cycle. Please note: Cashback is credited directly to statement balance and does not expire.

What is the interest-free grace period on Axis ACE Credit Card and how does it work?

The interest-free period on Axis ACE Credit Card is Up to 50 days of interest-free credit from transaction date.. This benefit is applicable strictly when the full Total Amount Due from the previous billing cycle was cleared by the payment due date. If any residual balance is carried forward, all purchases immediately incur daily finance charges (3.60% per month (43.20% per annum) on revolving balances.) with zero grace period. ATM cash withdrawals never receive a grace period and incur interest and cash advance fees from the withdrawal timestamp.

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