Axis Bank ACE & Axis Bank My Zone Credit CardAxis Bank ACE & Axis Bank My Zone Credit Card

Axis Bank ACE Vs Axis Bank My Zone Credit Card

Axis Bank, a prominent credit card issuer in India, provides a diverse range of credit cards, spanning categories such as travel, lifestyle, rewards, and cash back. Notably, the Axis Bank Ace Credit Card and the Axis Bank My Zone Credit Card stand out as top choices for those seeking low annual fee options. The decision between these two cards often perplexes individuals due to their unique advantages.

The Axis Bank ACE Credit Card is a sought-after cashback credit card that offers substantial savings on expenditures. On the other hand, the My Zone Credit Card provides exclusive perks with partner brands like Swiggy, Paytm Movies, AJIO, and more. If you find yourself torn between these options and need assistance in making a decision, we’re here to guide you through the process.

Features and Benefits of Axis Bank ACE & Axis Bank My Zone Credit Card

Axis Bank ACE Credit Card:

  1. Overview:
    • Popular cashback credit card from Axis Bank.
    • Nominal joining fee of Rs. 499, waived on spending Rs. 10,000 within 45 days.
  2. Cashback and Spends:
    • 5% cashback on utility bills, mobile/DTH recharges via Google Pay.
    • 4% cashback on Zomato, Swiggy, and Ola with a combined capping of Rs. 500 per cycle.
    • 2% cashback on all other spends with no maximum capping.
  3. Additional Privileges:
    • Hassle-free redemption process with automatic cashback credit.
    • 4 complimentary domestic lounge accesses annually.
    • Up to 20% discount on dining using the ACE Credit Card.
  4. Fuel Transactions:
    • 1% fuel surcharge waiver for transactions between Rs. 400 to Rs. 4,000, capped at Rs. 500.
  5. Fee Waivers:
    • Joining fee waived on spending Rs. 10,000 in the first 45 days.
    • Annual fee of Rs. 499 waived on spending Rs. 2 lakhs in the previous year.

Axis Bank My Zone Credit Card:

  1. Introduction:
    • Entry-level credit card from Axis Bank with an annual fee of Rs. 500.
    • Offers exclusive benefits on partner brands.
  2. Membership Benefits:
    • Complimentary SonyLiv subscription worth Rs. 999, renewed annually with payment of card fee.
    • Earn 4 Edge Reward Points on every Rs. 200 spent.
  3. Redemption and Rewards:
    • 1 Edge Reward = Re. 0.20 for redemption at Edgerewards portal.
  4. Entertainment and Dining:
    • Buy 1 Get 1 Free on Paytm Movies using the coupon code ‘AXIS200.’
    • Up to 40% discount on Swiggy four times monthly.
    • 20% off on dining at 4,000+ restaurants.
  5. Shopping Benefits:
    • Rs. 600 discount on spending Rs. 2,000+ on AJIO.
  6. Fuel Transactions:
    • 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 4,000, capped at Rs. 400 monthly.

Comparison between Axis Bank ACE & Axis Bank My Zone Credit Card

Axis Bank ACE Credit Card:

  • Annual Fee: Rs. 499
  • Welcome Benefits: Not Applicable
  • Rewards Rate:
    • 5% cashback on all bill payments, mobile, and DTH recharges.
    • 4% cashback on Zomato, Ola, and Swiggy.
    • 2% cashback on all other spends.
  • Reward Redemption: Earned cashback is automatically credited to your account.
  • Travel Benefits: 4 complimentary domestic lounge access every year.
  • Movie & Dining Benefits:
    • Up to 20% discount on dining across 4,000+ restaurants.

Additional Benefits:

  • Up to 20% discount on Swiggy four times per month.
  • Buy 1 Get 1 free offer on Paytm movies every month.
  • 1% fuel surcharge waiver.
  • Spend-based waiver of joining and renewal fee.

Axis Bank My Zone Credit Card:

  • Annual Fee: Rs. 500
  • Welcome Benefits: Complimentary SonyLive annual subscription worth Rs. 999.
  • Rewards Rate: 4 Edge Reward Points on every Rs. 200 spent.
  • Reward Redemption: 1 Edge Reward = Re. 0.20 for redemption at Edgerewards portal.
  • Travel Benefits: 4 complimentary domestic lounge access every year.
  • Movie & Dining Benefits:
    • Up to 20% discount on dining.
    • Up to 40% discount on Swiggy four times per month.
    • Buy 1 Get 1 free offer on Paytm movies every month.

Additional Benefits:

  • Flat Rs. 600 discount on a minimum purchase of Rs. 2,000 on Ajio.
  • 1% fuel surcharge waiver on all fuel transactions.

Which credit card suits you best?

  1. Rewards Rate:
    • Axis Bank ACE Credit Card offers a superior rewards rate, allowing users to save up to 5% on expenditures.
    • My Zone Credit Card has a comparatively lower reward rate.
  2. Welcome Benefits:
    • Axis Bank ACE Credit Card lacks a welcome bonus.
    • The Axis Bank My Zone Credit Card offers a complimentary SonyLiv subscription as part of its welcome perks.
  3. Travel Privileges:
    • Both cards offer 4 complimentary lounge accesses annually.
  4. Consideration for Regular Spends:
    • Axis Bank ACE Credit Card is recommended for those seeking higher savings on routine expenses.
  5. Additional Benefits:
    • Axis Bank My Zone Credit Card is preferable for those desiring extra perks like Buy 1 Get 1 Free movie offers, exclusive discounts on Swiggy, and a complimentary SonyLiv subscription.
  6. Individual Suitability:
    • No single card is universally the best choice.
    • Selection depends on individual preferences, spending habits, and desired benefits.
  7. Decision Criteria:
    • Users should assess their spending behavior.
    • Evaluate all features and benefits offered by both cards.
    • Choose the card aligning most closely with personal needs and preferences.

Frequently Asked Questions (FAQs)

  1. What sets apart the Axis Bank ACE Credit Card from the Axis Bank My Zone Credit Card?
    • The primary difference lies in the rewards rate, with ACE offering up to 5% savings on spends, whereas My Zone provides additional benefits like a SonyLiv subscription.
  2. Do both cards offer travel privileges, and if so, what are they?
    • Yes, both cards provide 4 complimentary lounge accesses every year as part of their travel privileges.
  3. Is there a welcome bonus associated with Axis Bank ACE Credit Card?
    • No, Axis Bank ACE Credit Card does not offer a welcome bonus.
  4. What welcome benefit does Axis Bank My Zone Credit Card provide?
    • Axis Bank My Zone Credit Card offers a complimentary SonyLiv subscription as a welcome benefit.
  5. Which card is recommended for those looking to save more on regular expenses?
    • The Axis Bank ACE Credit Card is ideal for those looking to maximize savings on their everyday expenses.
  6. Aside from the SonyLiv subscription, what other advantages does the Axis Bank My Zone Credit Card provide?
    • Axis Bank My Zone Credit Card provides additional perks like Buy 1 Get 1 Free movie offers, exclusive discounts on Swiggy, and more.
  7. Is there a universal best choice between the two cards, or does it depend on individual preferences?
    • No single card is universally the best. The choice depends on individual needs, spending habits, and desired benefits.
  8. How can I decide which card is suitable for me?
    • Assess your spending behavior.
    • Evaluate the features and benefits of both cards.
    • Choose the card that aligns most closely with your personal needs and preferences.

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