Axis Bank Partners with Google Pay and VISA to Launch ACE Credit Card
Oct. 13, 2020Axis Bank has announced the launch of its ACE Credit Card in India in collaboration withGoogle Payand Visa. The card is meant to advance the use of digital payments in the country and, offers its users a number of benefits. It includes cashbacks on utility bill payments, discounts at restaurants, surcharge waivers on fuel, complimentary lounge access at select domestic airports, and more.
In anofficial press release, Axis Bank claimed that the card will offer a frictionless digital experience, right from application to issuance. According to the company, the entire process is meant to be comfortable for ‘digital-first’ consumers, and will make for hassle-free, secure, and intuitive payment experiences.
Offers include a flat5% in cashback for mobile recharges and gas/ internet/ electricity/ DTH bill payments viaGoogle Pay. The card will also offer a4% discount on all food orders and dinner bookings viaSwiggyandZomato, whileOlacustomers will also get a similar discount every time they hail a cab. Users can further expect a flat 2% cashback on all expenses irrespective of the merchant. In fact, the company is advertising this as an‘Unlimited Cashback’ offer with no upper limit.
As one would imagine, all these offers and discounts do not come free, and Axis Bank is charging a ‘Joining Fee’ of Rs. 499 that is waived for all of the applicants this year. The company will also waive off the fee for all users who spend upwards of Rs. 2 lakh in a year.
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