M16S / Axis Bank / Axis ACE Credit Card
entry · cashback
Axis ACE Credit Card
The Axis ACE Credit Card costs Rs 499 a year, waived if you spend Rs 2,00,000 in a year. Its base return is 1.5% (1.5% cashback on other eligible spend, uncapped). The forex markup is 3.5%. Lounge visits in India: 4 per calendar year at select domestic airports. Read from the issuer's documents and an aggregator on 12 Oct 2026.
- Annual fee
- Rs 499+ GST
- Fee waived at
- Rs 2,00,000annual spend
- Base return
- 1.5%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
What changed on this card
- Axis Bank stops rewards on bridge fees, road fees and tolls, August 2026
From 28 Aug 2026 spends on bridge fees, road fees and tolls earn no rewards or cashback on these Axis Bank cards. Gift card purchases move to their own spend category and still earn nothing. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
- Axis Bank sets a Rs 1,300 late fee on dues of Rs 50,000 and above, August 2026
From 28 Aug 2026 the late payment fee is INR 1,300 for outstanding balances of INR 50,000 and above. Below INR 50,000 the fee is unchanged. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
- Axis Bank raises the foreign currency markup from 1.5% to 3.5%, August 2026
From 28 Aug 2026 the dynamic currency conversion markup rises to 3.5% from 1.5% on these Axis Bank cards. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
- Axis Bank adds 1% fees on wallet, fuel, utility, education and gaming, Dec 2024
The MITC lists a 1% fee applicable from 20 Dec 2024 on wallet loads from INR 10,000, fuel from INR 50,000, utilities from INR 25,000 and online skill-based gaming from INR 10,000 per statement cycle, and on third-party app education payments. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
- Axis Bank ties ACE domestic lounge access to Rs 50,000 spend, May 2024
From 1 May 2024 ACE domestic lounge access needs INR 50,000 of spends in the previous 3 calendar months. New cards are exempt for the issue month and the next 3 months. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
- Axis Bank ACE ends cashback on utility bills outside Google Pay, April 2024
From 20 Apr 2024 utility spends on any platform other than Google Pay (MCC 4814, 4816, 4899, 4900) earn no cashback on the ACE card. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
- Axis Bank ACE base cashback falls from 2% to 1.5% from April 2024
Cashback on other eligible merchants is 1.5% from 20 Apr 2024, against 2% until 19 Apr 2024. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Rs 499 |
|---|---|
| Annual fee | Rs 499 |
| Annual spend that waives the fee | Rs 2,00,000 |
| Fee notes | Annual fee Rs 499 from year 2, waived on annual spend above Rs 2 lakh (rent MCC 6513 and wallet loads MCC 6540 do not count). Issuer value chart lists a joining fee reversal of Rs 499; MITC: reversed on Rs 10,000 spend within 45 days. |
Rewards
| Welcome benefit | None |
|---|---|
| Reward currency | Cashback |
| Base earn | 1.5% cashback on other eligible spend, uncapped |
| Base return | 1.5% |
| Point value | Cashback credited to statement 3 days before next statement date |
| Accelerated earn | 5% on utility bill payments (electricity, internet, gas and more), DTH and mobile recharges on Google Pay; 4% on Swiggy, Zomato, Ola |
| Caps | 5% and 4% categories share a cap of Rs 500 per statement |
| Spends that earn nothing | Fuel, EMI, wallet loads, cash, rent (6513), gold/jewellery (5944), insurance, education, government, utilities outside Google Pay (MCC 4814, 4816, 4899, 4900) |
| Points expiry | Not applicable |
| Milestone benefits | None |
| Reward notes | base_return_pct = 1.5% flat base cashback (was 2% until 19 Apr 2024). No reward redemption fee (issuer page). |
Travel and perks
| Domestic lounge | 4 per calendar year at select domestic airports |
|---|---|
| International lounge | None |
| Lounge conditions | Needs Rs 50,000 eligible spend in previous 3 calendar months (from 1 May 2024); waived in issuance month + next 3 months; guests paid |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on Rs 400-4,000 fuel transactions, cap Rs 500 per statement (issuer page) |
| Other freebies | Dining Delights (issuer value chart: up to 15% off, up to Rs 500 monthly) |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | Nil up to Rs 500 due; Rs 500 (501-5,000); Rs 750 (5,001-10,000); Rs 1,200 (10,001-50,000); Rs 1,300 above 50,000; plus Rs 100 per cycle if minimum due is missed two cycles running |
| Cash advance fee | 2.5% of amount, min Rs 500 |
| Eligibilityunverified | Aggregator: age 18-70; income not stated |
| Fine-print notes | Before the 2026-10-12 page read: cashback rules from Axis ACE T&C PDF. Not in Axis's current listing menu; aggregators still show it as open to apply. Product page read 2026-10-12 is live and confirms fees, cashback tiers, lounge count, fuel waiver, 3.5% forex and 3.75% interest. The page prints no eligibility section. |
Questions
- What is the annual fee of the Axis ACE Credit Card?
- Rs 499 a year, before GST. It is waived if you spend Rs 2,00,000 in a year.
- Does the Axis ACE Credit Card give airport lounge access?
- Yes. In India: 4 per calendar year at select domestic airports. Outside India: none listed. Conditions: Needs Rs 50,000 eligible spend in previous 3 calendar months (from 1 May 2024); waived in issuance month + next 3 months; guests paid
- What is the forex markup on the Axis ACE Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Axis ACE Credit Card?
- Fuel, EMI, wallet loads, cash, rent (6513), gold/jewellery (5944), insurance, education, government, utilities outside Google Pay (MCC 4814, 4816, 4899, 4900)