Axis Ace Credit Card Review

Axis Ace Credit Card Review: If you are looking for a credit card with great rewards and no annual fee, the Axis Ace Credit Card is a great choice. With this card, you’ll earn 1 point for every $1 you spend on purchases, and there is no limit to the number of points you can earn. You can also get a $100 statement credit after you spend $1,000 in purchases within the first 3 months of account opening.

Axis Ace Credit Card Review
Axis Ace Credit Card Review

1. Axis Ace Credit Card Review

In this post, we will be discussing the features and benefits of the Ace Credit Card. We will also be looking at the various fees associated with this card.

The Ace Credit Card is a MasterCard that is issued by GE Capital. This card has a number of features and benefits that make it a good choice for consumers. The Ace Credit Card has a low-interest rate, no annual fee, and a number of other benefits.

Fees

The Ace Credit Card has a number of fees associated with it. These fees include a balance transfer fee, a cash advance fee, and a foreign transaction fee. The balance transfer fee is 3% of the amount of the transfer. The cash advance fee is 5% of the amount of the cash advance. The foreign transaction fee is 1% of the amount of the transaction.

Benefits

The Ace Credit Card has a number of benefits that make it a good choice for consumers. The Ace Credit Card has a low-interest rate, no annual fee, and a number of other benefits.

The Ace Credit Card is a good choice for consumers who are looking for a low-interest rate, no annual fee, and a number of other benefits.

2. Axis Ace Credit Card History

A lot of people are not aware of the fact that there are two types of credit cards available in the market – secured and unsecured. Depending on your creditworthiness, you can either get a secured credit card or an unsecured credit card. So, if you have a good credit score, you will get an unsecured credit card, and if you have a bad credit score, you will get a secured credit card.

Now, coming to the Axis Ace Credit Card, it is an unsecured credit card, which means that you don’t have to keep any security deposit with the bank to get this credit card. This is one of the main advantages of this credit card.

Another advantage of the Axis Ace Credit Card is that it comes with a low-interest rate of 3.49% per annum. This is much lower than the interest rates of other unsecured credit cards in the market.

Moreover, this credit card gives you the facility of cash withdrawal, which means that you can withdraw cash from any ATM using this credit card. However, you will have to pay a cash advance fee of 2.5% of the amount withdrawn.

Apart from this, the Axis Ace Credit Card also offers a host of other benefits like a fuel surcharge waiver, rewards points, and much more.

So, if you are looking for an unsecured credit card with low-interest rates and great benefits, then the Axis Ace Credit Card is the perfect choice for you.

3. Axis Ace Credit Card Fees and Interest

The Axis Ace Credit Card comes with a number of fees and interest rates that cardholders should be aware of. These fees and rates will vary depending on the cardholder’s creditworthiness and spending habits.

Joining/Annual Fee Rs 499 plus taxes
Joining Fee Waiver Spend Rs 10000 within 45 days
Annual Fee Rs 499 plus taxes
Annual Fee Waiver Spend Rs 2 Lakhs in a membership year

Annual Fee

The annual fee for the Axis Ace Credit Card is $95. This fee is waived for the first year of card ownership.

Balance Transfer Fee

The balance transfer fee for the Axis Ace Credit Card is 3% of the total amount of the balance transfer, with a minimum fee of $5.

Cash Advance Fee

The cash advance fee for the Axis Ace Credit Card is 3% of the total cash advance amount, with a minimum fee of $5.

Foreign Transaction Fee

The foreign transaction fee for the Axis Ace Credit Card is 3% of the total transaction amount.

Interest Rates

The interest rate for the Axis Ace Credit Card will vary depending on the cardholder’s creditworthiness. The interest rate for purchases and cash advances is 19.99% APR. The interest rate for balance transfers is 21.99% APR. There is no grace period for the Axis Ace Credit Card, which means that interest will accrue on purchases and cash advances from the date of the transaction.

Minimum Interest Charge

The minimum interest charge for the Axis Ace Credit Card is $2.00.

Late Payment Fee

The late payment fee for the Axis Ace Credit Card is up to $38.00.

Returned Payment Fee

The returned payment fee for the Axis Ace Credit Card is up to $38.00.

Over-the-Credit-Limit Fee

The over-the-credit-limit fee for the Axis Ace Credit Card is up to $38.00.

Annual Percentage Rates (APR) for the Axis Ace Credit Card

The annual percentage rate (APR) for the Axis Ace Credit Card will vary depending on the cardholder’s creditworthiness. The APR for purchases and cash advances is 19.99% APR. The APR for balance transfers is 21.99% APR.

4. Axis Ace Credit Card Rewards

The Axis Ace Credit Card is a rewards credit card that offers a variety of benefits and features to cardholders. The card offers a rewards program that allows cardholders to earn points for every purchase made with the card. The points can be redeemed for a variety of rewards, including cash back, merchandise, and travel. The card also offers a 0% intro APR on purchases and balance transfers for the first 12 months, and no annual fee.

5. Axis Ace Credit Card Pros and Cons

The Axis Ace Credit Card is a new entrant in the Indian credit card market. It is a contactless card that can be used for making payments without swiping or inserting the card into a POS terminal. The card comes with a number of features and benefits that make it a good choice for first-time credit card users as well as seasoned users. Let us take a look at some of the pros and cons of the Axis Ace Credit Card.

Pros:

1. The Axis Ace Credit Card comes with a credit limit of up to Rs. 4 lakhs. This is one of the highest credit limits available on a credit card in India.

2. The card comes with a fuel surcharge waiver of up to Rs. 500 per month. This can help you save a significant amount of money if you use your credit card for fuel purchases.

3. The Axis Ace Credit Card comes with complimentary domestic airport lounge access. This benefit is available for a primary cardholder as well as up to 2 add-on cardholders.

4. The card offers a discount of up to 15% on movie tickets booked through the Axis Bank mobile app.

5. The Axis Ace Credit Card offers a reward points program. You can earn 1 reward point for every Rs. 200 spent on your credit card. These points can be redeemed for a number of benefits such as flight tickets, hotel stays, shopping vouchers, etc.

Cons:

1. The Axis Ace Credit Card has an annual fee of Rs. 499. However, this fee is waived if you spend Rs. 50,000 or more in a year.

2. The card does not offer any interest-free period on purchases. This means that you will be charged interest from the date of purchase if you do not pay your credit card bill in full.

3. The foreign currency transaction fee on the Axis Ace Credit Card is 3.5%. This is on the higher side as compared to other credit cards that charge a fee of 2.5% or less.

4. The cash advance fee on the Axis Ace Credit Card is 2.5% of the amount withdrawn or Rs. 500

6. Axis Ace Credit Card Summary

The Axis Ace Credit Card is a great option for those looking for a simple and straightforward credit card. This card offers a variety of benefits and features that make it a great choice for both new and experienced credit card users. Let’s take a closer look at the Axis Ace Credit Card and see what it has to offer.

The Axis Ace Credit Card offers a variety of great features and benefits. One of the most notable features is the 0% intro APR on purchases and balance transfers for the first 15 months. This intro APR offer is one of the longest intro periods currently available on the market. This intro period can help you save a significant amount of money on interest if you need to make a large purchase or transfer a balance from another card.

In addition to the intro APR offer, the Axis Ace Credit Card also offers a variety of other great features. These features include no annual fee, no foreign transaction fees, and a rewards program. The rewards program offers 2x points on all purchases, which can be redeemed for cash back, gift cards, or travel. The Axis Ace Credit Card also offers a variety of valuable perks, such as travel accident insurance, lost luggage reimbursement, and rental car insurance.

Overall, the Axis Ace Credit Card is a great option for those looking for a simple and straightforward credit card. This card offers a variety of great features and benefits that make it a great choice for both new and experienced credit card users. If you’re looking for a new credit card, the Axis Ace Credit Card is definitely worth considering.

7. Axis Ace Credit Card FAQ

Are you considering getting an Axis Ace Credit Card? Here are some frequently asked questions that will help you understand this credit card better.

1. What is the interest rate on the Axis Ace Credit Card?

The interest rate on the Axis Ace Credit Card is 24% per annum.

2. What is the annual fee for the Axis Ace Credit Card?

The annual fee for the Axis Ace Credit Card is Rs. 499.

3. What are the other charges associated with the Axis Ace Credit Card?

There are several other charges associated with the Axis Ace Credit Card, including a foreign transaction fee of 3% and a cash advance fee of 3%.

4. How much credit limit can I get with the Axis Ace Credit Card?

The credit limit on the Axis Ace Credit Card will depend on your creditworthiness.

5. How can I make payments on the Axis Ace Credit Card?

You can make payments on the Axis Ace Credit Card through various channels, including online, mobile, and cash.

6. What is the reward point system on the Axis Ace Credit Card?

The Axis Ace Credit Card offers a reward point system wherein you can earn 1 point for every Rs. 200 spent on the card. These points can be redeemed for various rewards, including travel and lifestyle benefits.

7. What is the emergency loan facility on the Axis Ace Credit Card?

The Axis Ace Credit Card comes with an emergency loan facility of up to 50% of your credit limit. This can be useful in case of financial emergencies.

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