Axis Bank Ace Credit Card vs Axis Bank Freecharge Credit CardAxis Bank Ace Credit Card vs Axis Bank Freecharge Credit Card

Axis Bank Ace vs Axis Bank Freecharge Credit Card

If you’re in search of a credit card tailored for your everyday expenses and bill settlements, with a primary focus on simplicity rather than additional perks, you might find an entry-level shopping credit card to be the perfect fit. Two notable options to consider are the Axis Bank Ace Credit Card and the Axis Bank Freecharge Credit Card. Both fall into the category of cashback-based cards, meaning you receive cashback rewards for your expenditures with these cards.

Features and Benefits of Axis Bank Ace Credit Card and Axis Bank Freecharge Credit Card

Axis Bank Ace Credit Card:

  1. Launched by Axis Bank in collaboration with Google Pay in October 2019.
  2. Entry-level shopping credit card with a cashback reward structure.
  3. Membership fee: Rs. 499 per annum (plus applicable taxes).
  4. Key Features:
    • 5% cashback on bill payments and mobile/DTH recharges via Google Pay.
    • 4% cashback on Zomato, Swiggy, and Ola.
    • Combined capping of Rs. 500 cashback per statement cycle for the above categories.
    • 2% cashback on all other expenditures.
    • No cashback on fuel, purchases converted into EMIs, wallet reloads, cash advances, and card fees.
    • 4 complimentary domestic airport lounge access.
    • 20% discount on dining bills at 4,000+ partner restaurants.
    • Joining fee waived on Rs. 10,000 expenditure in the first 45 days; renewal fee waived on Rs. 2 lacs expenditure in the preceding year.

Axis Bank Freecharge Credit Card:

  1. Co-branded credit card by Axis Bank and Freecharge.
  2. Entry-level shopping credit card with a cashback reward structure.
  3. Membership fee: Rs. 250 per annum (plus applicable taxes).
  4. Salient Features:
    • Can be used as a virtual credit card; physical card issued on request.
    • Welcome gift: Rs. 700 BookMyShow and Uber vouchers (Rs. 350 each).
    • 5% cashback on Freecharge app spends; 1% cashback on other spends.
    • Axis Bank EDGE Reward Points on achieving spend milestones.
    • EDGE Reward Points redeemable for vouchers and product purchases (1 point = Rs. 0.20).
    • Additional benefits include discounts on Myntra, Shuttl app credit, Freshmenu, and Eros Now subscription.
    • Annual fee waived on Rs. 50,000 expenditure in the previous anniversary year.

Comparison between Axis Bank Ace Credit Card and Axis Bank Freecharge Credit Card

Axis Bank Ace Credit Card:

  • Reward Rate:
    • 5% cashback on bill payments and mobile/DTH recharges via Google Pay.
    • 4% cashback on Ola, Zomato, and Swiggy.
    • 2% cashback on all other spends with a few exceptions.
    • No capping on 2% cashback category; unlimited cashback.
  • Reward Redemption:
    • Cashback automatically adjusted against the card’s statement balance.
  • Welcome/Renewal Benefits:
    • N/A
  • Milestone Benefits:
    • N/A
  • Additional Benefits:
    • 4 complimentary domestic airport lounge access annually.
    • Up to 20% off on dining bills at partner restaurants.
    • Up to 10% discount on Myntra.
    • Up to Rs. 100 credit monthly on the Shuttl app.
    • Rs. 120 discount monthly on Freshmen.
    • 50% discount on Eros Now annual subscription.
  • Membership Fee:
    • Rs. 499 per annum (plus applicable taxes).
    • Joining fee waived on Rs. 10,000 expenditure within 45 days.
    • Renewal fee waived on Rs. 2 lakhs annual expenditure.
  • Eligibility:
    • No minimum income-based eligibility criteria.
    • Cardholder age: 18 to 70 years.

Axis Bank Freecharge Credit Card:

  • Reward Rate:
    • 5% cashback on spends on the Freecharge app.
    • 1% cashback on all other card spends.
  • Reward Redemption:
    • Cashback credited to the Freecharge wallet.
  • Welcome/Renewal Benefits:
    • Gift vouchers worth Rs. 350 each from Uber and BookMyShow.
  • Milestone Benefits:
    • 100 EDGE Reward Points on spending Rs. 1,999 to Rs. 4,999.
    • 350 EDGE Reward Points on spending Rs. 5,000 or above.
  • Additional Benefits:
    • Up to Rs. 100 credit every month on the Shuttl app.
    • Discount of Rs. 120 monthly on Freshmen.
  • Membership Fee:
    • Rs. 250 per annum (plus applicable taxes).
    • Annual fee waived on Rs. 50,000 expenditure in the preceding year.
  • Eligibility:
    • Invite-only offering for eligible Freecharge customers (banner on Freecharge app).

Which credit card suits you best?

  • Axis Bank Ace Credit Card and Axis Bank Freecharge Credit Card are both attractive options in the entry-level shopping credit cards category.
  • The Ace Credit Card has a higher annual membership fee of Rs. 499 but offers additional benefits, including 4% cashback on Zomato and Swiggy with a combined capping of Rs. 500 cashback per statement cycle. It also provides a higher cashback rate of 2% on regular card spends.
  • The Freecharge Credit Card, with an annual fee of Rs. 250, provides 5% cashback on Freecharge spends and only 1% cashback on other expenditures.
  • Axis Bank Ace Credit Card offers 4 complimentary domestic airport lounge accesses annually, while Axis Bank Freecharge Credit Card lacks this benefit. However, the Freecharge Credit Card provides discounts on Myntra, Freshmen, and ErosNow.
  • In summary, both cards offer decent reward rates. If travel and airport lounge access are priorities, Axis Bank Ace Credit Card is recommended despite its higher membership fee, as it provides complimentary lounge access at domestic airports nationwide.

Frequently Asked Questions (FAQs)

  1. What are the primary differences between Axis Bank Ace Credit Card and Axis Bank Freecharge Credit Card?
    • Axis Bank Ace Credit Card has a higher annual membership fee but offers complimentary domestic airport lounge access. On the other hand, Axis Bank Freecharge Credit Card has a lower annual fee and provides cashback on Freecharge spends.
  2. What are the membership fees for Axis Bank Ace Credit Card and Axis Bank Freecharge Credit Card?
    • Axis Bank Ace Credit Card has an annual membership fee of Rs. 499, while Axis Bank Freecharge Credit Card is offered at Rs. 250 per annum.
  3. Are there any additional benefits with Axis Bank Ace Credit Card?
    • Yes, Axis Bank Ace Credit Card provides benefits like 4% cashback on Zomato and Swiggy, with a combined capping of Rs. 500 cashback per statement cycle. It also offers a higher cashback rate of 2% on regular spends.
  4. What are the cashback rates offered by Axis Bank Freecharge Credit Card?
    • Axis Bank Freecharge Credit Card provides 5% cashback on Freecharge spends and 1% cashback on all other transactions.
  5. Do both credit cards offer lounge access benefits?
    • Only Axis Bank Ace Credit Card provides lounge access, offering 4 complimentary domestic airport lounge accesses every year.
  6. Are there any specific discounts associated with Axis Bank Freecharge Credit Card?
    • Yes, Axis Bank Freecharge Credit Card provides discounts on Myntra, Freshmen, and ErosNow as additional benefits.
  7. Which card is suitable for someone who loves to travel?
    • If you prioritize travel and consider airport lounge access valuable, Axis Bank Ace Credit Card is recommended, despite its higher membership fee.
  8. Is there a cap on the cashback earned with Axis Bank Ace Credit Card?
    • Yes, there is a combined capping of Rs. 500 cashback per statement cycle for the 4% cashback on Zomato and Swiggy with Axis Bank Ace Credit Card.
  9. How does the cashback on Freecharge spends work with Axis Bank Freecharge Credit Card?
    • Axis Bank Freecharge Credit Card provides a 5% cashback on Freecharge spends, contributing to the overall cashback benefits.
  10. Can I apply for both Axis Bank Ace Credit Card and Axis Bank Freecharge Credit Card simultaneously?
    • The eligibility and application process may vary, so it is recommended to check with Axis Bank for the most accurate information regarding applying for multiple credit cards.

Leave a Reply

Your email address will not be published. Required fields are marked *