Axis ACE Review 2026
Last reviewed:
Quick verdict
A lifetime-free card with a unique strength: 5% cashback on utility bill payments via Google Pay. If you pay electricity, gas, broadband, and insurance bills monthly, this card can save ₹500-800 per month effortlessly. The 2% on Swiggy and Zomato is an excellent bonus for food delivery lovers.
Pros
- Lifetime free — no joining or annual fee
- Accessible eligibility — minimum income around ₹15,000/month
Cons
- 3.5% + GST forex markup makes it expensive abroad
- No complimentary airport lounge access
- Interest of 3.40% per month (40.80% p.a.) if you carry a balance
Key benefits
- No annual fee ever
- 5% cashback on utility bills via Google Pay
- 2% cashback on Swiggy, Zomato
- 1% cashback on all other spends
Fees & charges at a glance
| Joining Fee | Nil |
|---|---|
| Annual Fee | Lifetime Free |
| Rewards | 5% cashback on bills via Google Pay, 2% on Swiggy & Zomato |
| Welcome Benefit | None |
| Lounge Access | None |
| Fuel Surcharge Waiver | 1% waiver on ₹400-₹5,000 txns |
| Foreign Txn Fee | 3.5% + GST |
| Interest Rate | 3.40% per month (40.80% p.a.) |
| Credit Limit | ₹50,000 - ₹5,00,000 |
| Add-On Card Fee | Free |
| Min Income | ₹15,000/month |
| Network | Visa |
| Contactless | Yes |
| EMI Conversion | Yes |
Who should get this card?
The Axis ACE is best suited for bill payments. It is a cashback card on the Visa network, and Axis Bank generally looks for a minimum income of ₹15,000/month. If your spending matches its reward categories (5% cashback on bills via google pay, 2% on swiggy & zomato), the card can pay for its annual fee of Lifetime Free. If not, a lifetime-free card may give you better net value.
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Axis ACE: frequently asked questions
What is the annual fee of the Axis ACE?
The Axis ACE has a joining fee of Nil and an annual fee of Lifetime Free. Since it is lifetime free, you never pay a renewal fee.
What rewards does the Axis ACE give?
5% cashback on bills via Google Pay, 2% on Swiggy & Zomato. No annual fee ever. 5% cashback on utility bills via Google Pay.
Does the Axis ACE offer airport lounge access?
No. The Axis ACE does not include complimentary airport lounge access. If lounge access matters to you, look at travel cards in our best travel credit cards list.
What is the eligibility and minimum income for the Axis ACE?
Axis Bank typically requires a minimum income of ₹15,000/month for the Axis ACE, along with a good credit score (750+ improves approval chances), age of 21 or above, and valid KYC documents (PAN and Aadhaar).
What is the interest rate on the Axis ACE?
The Axis ACE charges 3.40% per month (40.80% p.a.) on unpaid balances. Interest is avoided completely if you pay the full statement amount by the due date every month.
What is the forex markup on the Axis ACE?
The foreign currency markup on the Axis ACE is 3.5% + GST. Cards with a 2% or lower markup are better for frequent international travel and foreign-currency online shopping.
Can I link the Axis ACE to UPI?
No. The Axis ACE runs on the Visa network. Only RuPay credit cards can be linked to UPI in India at present.
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