Axis Bank Ace Credit Card

Eligibility Criteria

Axis Bank Ace Credit Card: Your Gateway to Rewarding Experiences

Are you looking for a credit card that offers excellent facilities but does not burn a hole in your pocket? Nothing matches better than the exemplary Axis Bank Ace Credit Card. Made for many rewards, cashback options, and lifestyle benefits, this versatile card suits the modern-consumer needs. We take a closer look with the help of this detailed guide at its eligibility criteria, documents required, features, and benefits to help you understand better and decide whether this is the right card that will help cater to your financial needs.

Card Details

With a bucket full of features, the Axis Bank Ace Card is one of the premium credit card offerings by one of the largest private sector banks in India. Below are some of the important information related to the card:

Issuer: Axis Bank

Card Type: Rewards Credit Card

Network: Visa

Annual Fee: ₹ 499 + GST (waived on spending ₹2 lakh or more in the previous year)

Joining Fee: ₹ 499 + GST (waived on spending ₹25,000 within 90 days of card issuance)

– Interest Rate: Up to 3.5% per month (42% per year)

– Cash Advance Limit: Up to 40% of credit limit

– Fuel Surcharge Waiver: 1% up to ₹400 every month

Eligibility Criteria

One is required to meet the following listed eligibility criteria to apply for the Card:

Age: Ranging between 18 to 70 years

Employment: Salaried individual/self-employed professional

Minimum Income:

     Salaried: ₹25,000 per month

– Self-employed: ₹3 lakh per year

4. Credit Score: Good credit discipline, i.e. in excess of 750

5. Residence: Indian or Non-Resident Indian

Meeting these criteria does not ensure you get the card. It is under the discretion of Axis Bank card policy and overall credit assessment.

Documents Required

So, once you apply for the Axis Bank Ace Credit Card, you will require the following documents:

1. Identity Proof: Any one of the following:

   – Aadhar Card

– PAN Card

– Voter ID

– Passport

– Driving License

2. Address Proof: Any one of the following:

   – Aadhar Card

– Passport

– Utility Bills (not more than 3 months old)

– Rental Agreement

3. Income Proof: If Salaried:

*Pay slips for the last 3 months

     * Form 16 or IT Returns for the last 2 years

   – Self-employed Professionals

     * IT Returns for the last 2 years

     * Business Registration Certificate

4. Passport size photo

5. Latest 3 months bank account statements

The documents have to be clear, legibly visible, and self-attested so that the application process goes on smoothly.

Card Features & Benefits

The Axis Bank Ace Credit Card is a powerhouse of a lot of features and benefits that are definitely going to enrich your spending experience. So, here are those:

1. Rewards Program:

   – Earn 5 EDGE Reward Points for every ₹100 spent on dining, food delivery, and entertainment.

– 2 EDGE Reward Points for every ₹100 spent on all other categories

   – Spend redemption points on a wide range of products, vouchers, or travel bookings

2. Welcome Benefits:

   – 2,000 bonus EDGE Reward Points on card activation and first transaction

   – Additional 1,000 EDGE Reward Points on spending ₹25,000 within 90 days of card issuance

3. Milestone Benefits:

– Earn 10,000 bonus EDGE Reward Points on yearly spends of ₹5 lakh

   – Earn another 10,000 bonus EDGE Reward Points on yearly spends of ₹7.5 lakh

4. Dining Delights:

   – Get up to 20% off at partner restaurants across India

   – Complimentary EazyDiner Prime for the first year

5. Travel Benefits:

– 8 complimentary visits to domestic lounges at airports annually

   – 1% fuel surcharge waiver, subject to a maximum of ₹400 monthly

6. Lifestyle Features:

   – Complimentary movie tickets valued at ₹500 on monthly spending of ₹20,000 and beyond

   – Exclusive deals with premium brands and lifestyle stores

7. Coverage under Insurance:

   – Purchase protection of ₹1 lakh

8. Travel Shield up to ₹50 lakh

9. Flexi Credit: Turn all your big purchases into easy EMIs

Balance transfer facility available at superior rates

10. Digital ease: Do more with less time

Complete your transaction quicker through contactless payments

Enjoy safe online shopping with the Virtual Card

Ease-of-application funds transfer and bill payments on the Axis mobile app

Get services at your doorstep round the clock, with concierge services

– Help with travel bookings and restaurant reservations

Card Description

Being hailed by many as the premium rewards card to own, the custom-crafted Axis Bank Ace Credit Card promises the urban professional absolutely incredible value and lifestyle solutions without a compromise.

A sophisticated credit card among the lot due to the metallic finish and sleek design, the Ace Credit Card feels like one. Sticking out is the fact that in its robust rewards program spruces up accelerated spending categories in dine outs, entertainment, and food delivery that resonate with the current career ladder of today’s yuppies. It all transpires in more rewards for cardholders with every 5x number of treats on these categories.

The welcome benefit and milestone benefits associated with the card enable the improvement of a significant number of reward points. Reaching a particular spend allows one to earn an amazing number of bonus points with the equivalent value on card ownership.

Free airport lounge access and an exemption on fuel surcharge are some of the facilities that people who love to travel quite frequently like. With travel insurance, traveling will be felt in a more relaxed way.

For the movie buff and foodie in you, Ace Credit Card is a perfect companion. The monthly movie ticket benefit and discounts on partner restaurants will both boost your entertainment and dining experiences without pinching your pocket.

Digital applications on the card, such as contactless payments and a  virtual card used on the net, are very relevant for the emergence of this digital payment. Integration with the Axis Mobile App gives an effortless, completely secure experience of payment across multiple channels.

This card does have an annual fee, though that’s pretty easily paid for with a decent annual spend. This makes it still accessible to a relatively larger pool of users. Its interest is as competitive as the others in the industry, but as with any credit card, it’s best to pay the balance in full each month.

In nutshell, the Axis Bank Ace Credit Card forms quite a holistic package of rewards, benefits, and conveniences, adding up in a way to befit a modern consumer’s lifestyle. Being an all-rounder for someone who dines out regularly, loves to travel, or just wants to make the most of regular spends, this is the card to go for. It goes on to make the regular expenses quite rewarding when understood and leveraged correctly to bring out the best this card has on offer.