Features And Benefits Of The Axis Bank ACE Credit Card

Most people believe that credit cards are only used to enjoy credit limits. But, you should be aware that the majority of people prefer to use a credit card to take advantage of interesting offers and deals. So, if you want to get the best credit card deals, you should look into the Axis Bank Ace Credit Card. This credit card offers unlimited Cashback on Zomato, Swiggy, and Ola. There are some other exciting offers on this credit card that you should look into before applying for it. This credit card also allows you to make EMI transactions, so you should look into its key features and benefits.


Benefits and features of Axis Bank ACE Credit Card

You should be aware that this card will enable you to save a significant amount of money on your monthly expenses. It will reduce your expenses, and you can use this credit card to purchase a variety of products. You can use all of the credit card offers in your daily transactions.

Unlimited cashback

●       Get a 5% cashback when you pay your electricity, gas, or water bills. This credit card can be used to pay for DTH and other utility payments on Google Pay.

●       Swiggy offers a flat 4% cashback.

●       Ride on OLA and receive a 4% cashback.

●       Zomato offers 4% cashback on food orders.

●       This credit card offers a 2% cash back on all other purchases.

●       Cashback has no upper limit.

Airport lounge access

●       4 complimentary visits to domestic airport lounges provided by Axis Bank Ace Credit Card.

●       A total of 4 free visits are permitted per year.

The fuel surcharge waiver

●       With the Axis Bank Credit Card, you can get a 1% fuel surcharge waiver at filling stations.

●       The maximum monthly fuel surcharge waiver allowed is Rs. 500 per month.

Dining Delights

This offer entitles you to a discount of up to 20% at the 4000+ Axis bank-partnered restaurants in India.

Conversion of EMI

●       This credit card allows you to convert purchases of Rs. 2500 or more into EMI transactions.

●       You can choose an EMI term of 6 months, 9 months, 1 year, 1.5 years, and 2 years are available.

●       A monthly interest rate of 1.5% is charged on the outstanding balance.

●       On EMI transactions, a one-time processing fee of 1.5% or Rs. 250, whichever is greater, will be applied.

Advantages and disadvantages of Axis Bank Ace Credit Card

 

Advantages

Disadvantages
  1. Simple cashback with monthly direct credit to the user's account.
  2. The highest possible cashback rate of 2%.
  3. The annual fee is only Rs. 499.

1. The welcome offer was only available for a limited time (till Feb 2021).

2. There is no cashback on fuel or EMI transactions.

Conclusion

With an annual membership fee of Rs. 499 and additional cashback benefits on Google Pay (bill payments only) and other popular platforms like Zomato, Swiggy, and Ola, it appears to be a decent entry-level credit card. The MoneyBack Plus Credit Card from HDFC Bank is a strong competitor to this card. In addition to the cashback benefits, you get four complimentary domestic lounge visits, which very few entry-level cards provide. If you're a newcomer looking to start your credit journey, you should consider this one from Axis Bank.

Read More: Benefits Of Having Citibank PremierMiles Credit Card


Comments

Post a Comment

Popular posts from this blog

Benefits Of Using A Credit Card For Online Shopping

Image
The method of payment you choose when shopping online matters more than you might realize. Usually, consumers give more consideration to what they purchase than to the method of payment. But it’s important to take into account whether you pay with a debit or credit card. That’s because online shopping credit cards offer several benefits that make them a much better option when making online purchases. You should feel confident using a credit card for your online purchases for the following reasons: Easily manage your large purchases with EMIs: It is now simpler to purchase a variety of furniture items, gadgets, and luxury items online without any trouble, thanks to the development of online platforms. It was simpler to pay with a check or get cash from an ATM nearby when making purchases in physical stores but with online shopping, that's not the case. However, mostly all online retailers provide free EMIs to assist you in breaking up your large purchases into smaller payment
Read more

How Is Credit Score Related To Credit Card Balance?

Image
Your credit card balance includes more than the money you owe to the company that issued your card. Your credit score and ability to get a loan or new credit card are affected by the balances on your credit cards. As your credit score gets changed along with the credit card amount, then it is reported to the credit card agencies. Basics of Credit Score Your credit score functions as a grade that measures your creditworthiness at a given period. There are several methods you may get your credit score, most of which are cost-free. Your credit history, which includes any loan, credit card, and other financial accounts shown on your credit report, is determined by your credit score. Each factor is given several weightings which are used to calculate your credit score . These significant criteria affect your credit score, and their importance is indicated as a percentage. ●        The proportion of payment history is 35%, ●        30% of your debt is made up of the total amount
Read more

Tips To Maximize Benefits of High-Reward Credit Cards

Image
  Introduction Earning credit card reward points is simple if you know the tricks. Every credit card business will provide a reward program scheme to differentiate itself from its rivals and, of course, attract more customers. As a result, for every rupee that you spend, you will earn reward points that can be redeemed against several exciting options. Getting something for nothing is not harmful. Remember that every credit card purchase contains a reward value. To make sure that you can maximize the reward plan, here are some suggestions to make a note of: Apply at the appropriate time: Learn when to use and when not to use the card after you have selected it based on your needs. The majority of individuals might not be aware that there is a good and a wrong time to apply for credit cards that provide reward points. Be aware that the majority of credit card issuers (who provide a reward program) will publish a limited promotion period when the points for signing up are higher
Read more