Cashback SBI Card Vs Axis Bank Ace Credit CardCashback SBI Card Vs Axis Bank Ace Credit Card

Cashback SBI Card Vs Axis Bank Ace Credit Card

Getting a credit card that guarantees cashback with every purchase is undoubtedly beneficial. Among the top contenders in this realm are the newly introduced Cashback SBI Credit Card and the Axis Bank Ace Credit Card. SBI’s option provides a 5% cashback on all transactions, online or offline, for an annual fee of Rs. 999. It’s great for maximizing savings and also offers travel perks such as complimentary airport lounge access in India. On the other hand, the Axis Bank Ace Credit Card is highly sought after, offering 5% cashback on Google Pay, partner merchants, and all other expenses. Alongside complimentary domestic airport lounge access and extra dining benefits, both cards ensure attractive cashback rates and comprehensive advantages across different spending categories.

Features and Benefits of Cashback SBI Card and Axis Bank Ace Credit Card

Cashback SBI Card:

  • 5% cashback on online transactions, 1% on offline spends, and utility payments.
  • Maximum Rs. 5,000 cashback per statement cycle.
  • Annual fee Rs. 999, waived on spending Rs. 2 Lakh+ in the previous year.
  • 1% fuel surcharge waiver on Rs. 500-3,000 transactions, capped at Rs. 100/month.

Axis Bank Ace Credit Card:

  • 5% cashback on utility bills and DTH/mobile recharges via Google Pay.
  • 4% cashback on partner merchants, 2% on other transactions.
  • A limit of Rs. 500 cashback is set for both utility bills and purchases made through partner merchants.
  • Unlimited cashback on other spends.
  • Receive a 20% discount on dining expenses and enjoy four complimentary visits to domestic lounges.
  • Joining fee (Rs. 499) waived on Rs. 10,000 spend in 45 days.
  • Annual fee (Rs. 499) waived on spending Rs. 2 Lakh+ in the previous year.
  • 1% fuel surcharge waiver on Rs. 400-4,000 transactions, capped at Rs. 500/month.

Comparison between Cashback SBI Card and Axis Bank Ace Credit Card

Cashback SBI Card:

  1. Cashback: 5% on online transactions, 1% on offline and utility payments.
  2. Cashback Capping: Max Rs. 5,000/month for both transactions.
  3. Redemption: Auto-credited to statement.
  4. Annual Fee Waiver: Rs. 999 annual fee waived on spending Rs. 2 Lakh.
  5. Lounge Access: Not available.
  6. Dining Benefits: Not available.
  7. Fuel Surcharge Waiver: 1% on all petrol stations (capped at Rs. 100/month).
  8. Fees: No joining fee, Rs. 999 renewal fee.

Axis Bank Ace Credit Card:

  1. Cashback: 5% on bill payments via Google Pay, 4% on Swiggy, Zomato, Ola, 2% on other spends.
  2. Cashback Capping: Rs. 500 combined cap on 5% and 4% categories, unlimited on 2%.
  3. Redemption: Directly credited to statement.
  4. Annual Fee Waiver: You won’t have to pay the Rs. 499 joining fee if you spend Rs. 10,000 within 45 days. Additionally, the annual fee will be waived if you spend Rs. 2 lakh.
  5. Lounge Access: 4 complimentary domestic lounge accesses/year.
  6. Dining Benefits: Up to 20% off at 4,000+ restaurants.
  7. Fuel Surcharge Waiver: 1% on transactions above Rs. 400 (capped at Rs. 500/month).
  8. Fees: Rs. 499 joining fee, Rs. 499 renewal fee.

Which credit card suits you best?

  • Each credit card offers outstanding cashback benefits on every purchase made.
  • Axis Bank Ace Credit Card has a Rs. 500 cap on 5% and 4% cashback categories per statement cycle, with unlimited 2% cashback on other spends.
  • Cashback SBI Credit Card has a Rs. 5000 cashback cap per cycle on online and offline spends.
  • The Ace card provides exclusive dining perks and free access to lounges, a feature that is not provided by the Cashback SBI card.
  • The yearly charge for the Cashback SBI Card surpasses that of the Ace Card.
  • The Axis Bank Ace Credit Card presents a multitude of advantages while keeping the annual fee minimal, making it the top pick for individuals aiming for economical solutions.

Frequently Asked Questions (FAQs)

  1. What sets apart the Cashback SBI Card from the Axis Bank Ace Credit Card?
    • The primary distinction lies in their cashback structures and additional benefits.
  2. Are there any cashback limitations on both cards?
    • Certainly! The Axis Bank Ace Card imposes a maximum limit of Rs. 500 on certain cashback categories, whereas the Cashback SBI Card has an overall cashback cap of Rs. 5000.
  3. Do both cards offer dining benefits?
    • Only Axis Bank Ace Credit Card provides dining benefits, setting it apart from Cashback SBI Card.
  4. Is there a maximum annual fee applicable to these cards?
    • Certainly, the annual fees for the Cashback SBI Card are notably higher than those for the Axis Bank Ace Credit Card.
  5. What advantages does the Axis Bank Ace Credit Card provide that are not offered by the Cashback SBI Card?
    • The Axis Bank Ace Credit Card offers complimentary lounge access, a perk that isn’t included with the Cashback SBI Card.
  6. Which card is more cost-effective in terms of annual fees?
    • The Axis Bank Ace Credit Card stands out as a more economical option because of its reduced annual fee when juxtaposed with the Cashback SBI Card.
  7. Are there specific types of purchases where a particular card provides superior cashback rewards compared to others?
    • Yes, Axis Bank Ace Credit Card offers unlimited 2% cashback on various spends, whereas Cashback SBI Card has specific caps on cashback for online and offline transactions.
  8. Can I use both cards internationally?
    • Both cards typically offer international usage, but it’s recommended to check with the respective banks for the latest information and any associated fees.
  9. How do I decide between the two cards?
    • Consider your spending habits, preferred benefits, and the annual fee structure. If looking for a balance of benefits and lower fees, Axis Bank Ace Credit Card may be the better choice.
  10. Are there any ongoing deals or promotions being offered for these particular credit cards?
    • Different banks offer different promotional deals, therefore, it’s recommended to consult with each bank individually to stay updated on their latest promotions, which may include sign-up incentives and exclusive rewards schemes.

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