Check below for a comparison between Axis Bank Ace vs HDFC MoneyBack Credit Card or HDFC Moneyback Credit Card vs Axis Bank Ace and find which is better–
Axis Bank Ace vs HDFC MoneyBack Credit Card.
In the realm of credit cards tailored for diverse spending habits, the choice between the Axis Bank Ace Credit Card and the HDFC MoneyBack Credit Card emerges as a pivotal decision for individuals seeking optimized financial benefits.
The Axis Bank Ace Credit Card stands out for its comprehensive rewards program, offering accelerated points on a variety of categories, including dining, travel, and shopping, making it an ideal choice for those seeking versatile benefits.
On the other hand, the HDFC MoneyBack Credit Card is celebrated for its straightforward cashback rewards, providing a percentage of the amount spent, particularly on everyday expenses.
This comprehensive analysis delves into the distinctive features of each card, empowering users to make an informed decision based on their specific spending patterns, preferences, and lifestyle choices.
Whether you prioritize a comprehensive rewards program or seek instant cashback on routine transactions, understanding the nuanced features of these credit cards will guide you toward the one that seamlessly aligns with your financial goals and individual aspirations.
Table of Contents
Overview of Axis Bank Ace Credit Card
Axis Bank’s ACE Credit Card, categorized for cashback benefits, provides substantial cashback rewards on all transactions.
Avail a 5% cashback on Bill Payments and mobile recharges via Google Pay, 4% cashback on Swiggy, Zomato, Ola, and a 2% cashback on miscellaneous spends.
The ACE Credit Card from Axis Bank offers a reasonable credit limit to its users. However, this limit is not uniform for all cardholders; instead, it depends on factors such as income, banking relationship, credit history, and more.
Individuals with a higher credit score typically receive a more substantial credit limit than those with lower scores.
Nevertheless, it is possible to request an increase in your credit limit over time from your card issuer.
Overview of HDFC MoneyBack Credit Card
Every year, upon payment of the joining or renewal fee, you receive a welcome and renewal benefit of 500 Cash points.
The renewal fee can be waived based on your annual spending. This card provides 4 Reward Points for every Rs. 150 spent online and 2 Reward Points for every Rs. 150 spent on other categories.
Redeem these points for cashback, SmartBuy flight/hotel bookings, and various products/vouchers. Additionally, quarterly spending can earn you gift vouchers every quarter.
Axis Bank Ace vs HDFC MoneyBack Credit Card
| Features/Charges | Axis Bank Ace Credit Card | HDFC Moneyback Credit Card |
|---|---|---|
| Joining Fees | The initial joining fee of Rs. 499 will be reimbursed if you spend Rs. 10,000 within 45 days of receiving the card. | Rs 500 |
| Annual Fees | 2nd year onward: Rs. 499 | Rs 500 |
| Welcome Benefits | N/A | Welcome benefits include receiving 500 Cash Points upon payment of the membership fee. |
| Cashback / Rewards point | Receive a 5% cashback on bill payments, DTH recharges, and mobile recharges made through Google Pay, and get 4% cashback on expenses with Swiggy, Ola, and Zomato. Additionally, enjoy a 2% cashback on all other expenditures. | Acquiring 4 Reward Points happens with every Rs 150 spent online, and 2 Reward Points are earned for other types of spending. |
| Dining benefits | Utilize this card to access a 20% discount at partner restaurants through Axis Bank’s ‘Dining Delights’ program. | Receive discounts of up to 20% on your restaurant bills with the assistance of Swiggy Dineout. |
| Travel benefits | Experience the benefit of up to four complimentary entries to domestic airport lounges with the use of this card. | N/A |
| Annual fees waiver | The annual fee is waived if your annual spending exceeds Rs. 2,00,000. | If you surpass Rs. 50,000 in expenditures in the last year, the annual fee is waived. |
| Fuel surcharge waiver | Enjoy a 1% fuel surcharge waiver when using this card at any fuel station nationwide. | Every fuel transaction comes with a waiver of the 1% fuel surcharge. |
