✓ Verified Mar 2026Fees: T1Rewards: T1
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Axis Bank

Axis Ace

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Annual Fee

₹499

Reward Type

Cashback

Forex

3.5%

Lounge

4 dom · 0 intl

Full Spec Sheet

Multi-source Verified

Fees

Joining Fee₹499
Annual Fee₹499(waived ≥ ₹2,00,000)
Min Monthly Income₹25,000

Rewards

Reward TypeCashback
Base Rate2%
Point Value₹1/point

Category Multipliers

ola4%(cap ₹500)gpay utility5%(cap ₹500)swiggy zomato4%(cap ₹500)

Redemption Values

statement credit₹1/pt

Travel & Global

Forex Markup3.5%
Domestic Lounge4 visits/yr
Intl. LoungeNone
Lounge NetworkVisa
Lounge Spend Req.₹50,000 Quarterly

India-Specific

Fuel Surcharge✓ 1% waiver

Similar Cards

Airtel Axis Bank (87%) →SC Manhattan (85%) →BOB Easy Credit Card (84%) →Swiggy IDFC Credit Card (83%) →BOB Premier Credit Card (82%) →

💡 Fee Waiver Strategy

Spend ₹2L/year to waive ₹499 annual fee.

⚖️ Breakeven Analysis

To recover the ₹499 annual fee at the base reward rate of 2%, you need to spend ₹24,950 annually.

🎯 Pro Tips

  • ▸Best for utility bill payments via GPay (5% cashback).

📊 Spend Profile Simulator

Spend Profile Simulator

Net Annual Value

+₹23,501

Effective Rate

2.0%

Ranked #19 of 173 cards⭐ Top 30

₹499 annual fee deducted from gross rewards value.

🏷️ Best For

cashbackutilitiesdining