Axis Bank ACE Credit Card
5% cashback on bill payments and recharges via Google Pay, 4% on Swiggy, Zomato and Ola
- Joining fee
- ₹499
- Annual fee
- ₹499 + GST
- Fee waived at
- ₹2,00,000 annual spend
- Effective return
- 2.2%
- Forex markup
- 3.50%
- Lounge access
- 4 domestic · 0 international
- Min. income
- ₹3,60,000/yr
- Min. credit score
- 720+
On Axis Bank’s secure site. Checking eligibility is a soft enquiry.
Our verdict
The best flat-rate cashback card in India. The unlimited 2% base is what makes it work — you never have to think about categories, which is worth more in practice than a higher capped rate.
How we scored it
- Rewards
- 2.2
- Fees
- 4.9
- Perks
- 0.4
- Accessibility
- 4.3
Rewards carry 40% of the weight, perks 25%, fees 20% and accessibility 15%. The score is computed from the fields above, not assigned. See the full method on our methodology page.
What works, what does not
- Unlimited 2% cashback on everything else — the highest flat base rate at this fee level
- Cashback credited automatically, no redemption needed
- Low fee, easily waived
- 5% category is capped per cycle
- Bill payments must route through Google Pay to earn the top rate
- Modest lounge allocation
The full cost
Data as of 15 Aug 2026Source: axisbank.comPending issuer verification
Is the fee worth it for you?
Put in your actual spending. The calculator works out the net value after the fee and its GST — the number that decides whether this card pays you or costs you.
- Rewards + perks75%
- Fee25%
- Annual spend
- ₹6,00,000
- Rewards earned
- ₹9,000
- Annual fee incl. 18% GST
- ₹2,950
- Net value in year 1
- ₹8,550
- Effective return on spend
- 1.01%
- Monthly spend to break even
- ₹16,389
What this means.A genuine 1.01% return. Remember the GST on the annual fee — most comparisons forget it, and it is 18% on top of the sticker fee.