INTRO: Axis Bank has announced the launch of its ACE MasterCard in India together with Google Pay and 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 cashback on utility bill payments, discounts at restaurants, surcharge waivers on fuel, complimentary lounge access at select domestic airports, and more.
In a politician handout, Axis Bank claimed that the cardboard will offer a frictionless digital experience, right from application to issuance. According to the corporate, the whole process is supposed to be comfortable for ‘digital-first’ consumers and can bring hassle-free, secure, and intuitive payment experiences.
Offers include a flat 5% in cashback for mobile recharges and gas/ internet/ electricity/ DTH bill payments via Google Pay. The card also will offer a forty five discount on all food orders and dinner bookings via Swiggy and Zomato, while Ola customers also will get an identical discount every time they hail a cab. Users can further expect a flat 2% cashback on all expenses regardless of the merchant. In fact, the corporate is advertising this as an ‘Unlimited Cashback’ offer with no upper limit.
As a launch offer, the ACE MasterCard is additionally giving users 5% cashback on all orders from Big Basket and Grofers. This offer is merely valid until New Year’s Eve, 2020. Also, note that the fuel surcharge waiver is merely valid for transactions between Rs. 400 and Rs 4,000, with maximum benefits capped at Rs. 500 per month.
As one would imagine, of these offers and discounts don’t come free, and Axis Bank is charging a ‘Joining Fee’ of Rs. 499 that’s 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.