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Axis Bank ACE Credit Card vs Amazon Pay ICICI Bank Credit Card
On net annual value, Axis Bank ACE beats Amazon Pay ICICI Bank in all four spend profiles we model, by ₹225 to ₹11,424 a year. Axis Bank ACE isn't taking new applications, while Amazon Pay ICICI Bank is open to applications. Amazon Pay ICICI Bank is lifetime free against a ₹499 annual fee. Axis Bank ACE includes spend-linked airport lounge access. Figures as of .
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Who comes out ahead — by how you spend
Estimated net annual value for four typical spend profiles: the rewards each card earns on that spend (a merchant or portal bonus only on the share of spend it plausibly reaches), plus the perks and milestone bonuses that spender would use, less any annual fee the spend does not waive (with GST) and the forex markup on spending abroad. Lounge access carries no rupee value here.
| Spender | Axis Bank ACE Credit Card | Amazon Pay ICICI Bank Credit Card |
|---|---|---|
Everyday spender ≈ ₹40k/mo across groceries, bills, dining and fuel | ₹7,560/yr✓ +₹2,400/yr | ₹5,160/yr |
Online shopper ≈ ₹60k/mo, mostly e-commerce and subscriptions | ₹11,745/yr✓ +₹225/yr | ₹11,520/yr |
Frequent traveller ≈ ₹1.2L/mo with heavy travel and forex spend | ₹15,032/yr✓ +₹6,728/yr | ₹8,304/yr |
High spender ≈ ₹2.5L/mo across every category | ₹30,312/yr✓ +₹11,424/yr | ₹18,888/yr |
Not in these numbers: Axis Bank ACE Credit Card adds airport lounge access — real perks that can outweigh a small gap.
Illustrative profiles, not a personalised result — your categories decide the real winner. Run these two on my spending →
What your points are actually worth
A point's headline value means little without the earn rate behind it. Here's the real math — the value of a point by how you redeem it, the resulting return by category, and the net rupees for your own spend.
| Value of one point, by route | Axis Bank ACE Credit CardCashback | Amazon Pay ICICI Bank Credit CardCashback |
|---|---|---|
| Cash / statement credit | ₹1.00BEST | ₹1.00BEST |
Return by categoryearn rate × point value
Headline reward rate per category, before monthly caps.
Your spend, head to head
Enter your monthly spend — net value is the annual rewards after the card fee, at each card's best realistic redemption (our recommender's model, caps and fee-waivers included).
Total ₹60,000/mo · ₹7,20,000/yr
Want the money-first pick across your whole wallet? Run the recommender →
| Axis Bank ACE Credit Card | Amazon Pay ICICI Bank Credit Card | |
|---|---|---|
| Fees | ||
| Joining fee | ₹499 | Free |
| Annual fee | ₹499/yr | Lifetime free ✓ |
| Annual fee — all-in (incl. 18% GST) | ₹589 | Free ✓ |
| Fee waiver at | ₹2,00,000/yr spend | Lifetime free |
| Welcome benefit | — | — |
| Rewards | ||
| Best everyday reward | 1.5% on everyday spends ✓ | 1% on everyday spends |
| Dining | 1.5% ✓ | 1% |
| Online Shopping | 1.5% ✓ | 1% |
| Base rate — other spends | 1.5% ✓ | 1% |
| Utility Bills | 1.5% | — |
| Charges | ||
| Forex markup | 3.5% | 1.99% ✓ |
| Finance charge | 3.75% p.m. | 3.75% p.m. |
| Cash advance | — | — |
| Add-on card | — | — |
| Perks | ||
| lounge access | ~₹2,000/yr · 4 complimentary domestic airport lounge visits a year — an annual allowance with no per-quarter limit — unlocked by spending ₹50,000 in the previous 3 calendar months | — |
| Eligibility | ||
| Min income | — | ₹30,000/mo |
| Min age | — | 21+ yrs |
| UPI linked | — | — |
| Expert rating | 4.5 / 5 ✓ | 4.4 / 5 |
Reward rates above are the realistic value you keep — points earned × what a point is worth at each card's own best redemption, before monthly caps — so cards with different point values compare fairly. Bank-portal accelerators (earned only by booking through the issuer's own portal, on a slice of spend) are bounded upside, listed separately here rather than blended into the everyday rates.
Which should you pick?
Choose the Axis Bank ACE Credit Card if you want strong rewards on everyday spends plus airport lounge access. Consider the Amazon Pay ICICI Bank Credit Card if you spend more on everyday spends and prefer a lower fee. Your actual best card depends on how you spend — run your numbers below.
Axis Bank ACE Credit Card vs Amazon Pay ICICI Bank Credit Card — FAQs
Which has a lower annual fee, Axis Bank ACE Credit Card or Amazon Pay ICICI Bank Credit Card?
As of 24 Oct 2026, Amazon Pay ICICI Bank has the lower annual fee: nothing, as it is lifetime free, against ₹499 (₹589 with 18% GST) on Axis Bank ACE. Axis Bank ACE waives its fee after ₹2,00,000 of spend in a card year.
Do Axis Bank ACE Credit Card and Amazon Pay ICICI Bank Credit Card offer airport lounge access?
As of 24 Oct 2026, only Axis Bank ACE includes airport lounge access: it lists 4 domestic visits a year at airport lounges, unlocked by ₹50,000 of spend in the previous quarter. For spending abroad, Amazon Pay ICICI Bank adds 1.99% in forex markup against 3.5% on Axis Bank ACE.
Which card has lower forex markup, Axis Bank ACE Credit Card or Amazon Pay ICICI Bank Credit Card?
As of 24 Oct 2026, Amazon Pay ICICI Bank has the lower forex markup: 1.99%, against 3.5% on Axis Bank ACE. With 18% GST on the markup, ₹1,00,000 spent abroad costs about ₹2,348 extra on Amazon Pay ICICI Bank and ₹4,130 on Axis Bank ACE, a ₹1,782 difference.
For a frequent traveller, is the Axis Bank ACE Credit Card or Amazon Pay ICICI Bank Credit Card better value?
On figures as of 24 Oct 2026, Axis Bank ACE comes out ahead for a frequent traveller (about ₹1.2 lakh a month with heavy travel and forex spend), with a net annual value (rewards, perks and milestones, less the annual fee and forex markup) of ₹15,032 against ₹8,304 on Amazon Pay ICICI Bank, a ₹6,728 gap. That figure leaves out airport lounge access, which only Axis Bank ACE includes. At this spend Axis Bank ACE waives its ₹499 annual fee.
For everyday spending, which returns more: Axis Bank ACE Credit Card or Amazon Pay ICICI Bank Credit Card?
On figures as of 24 Oct 2026, Axis Bank ACE comes out ahead for an everyday spender (about ₹40,000 a month across groceries, bills, dining and fuel), with a net annual value (rewards, perks and milestones, less the annual fee and forex markup) of ₹7,560 against ₹5,160 on Amazon Pay ICICI Bank, a ₹2,400 gap. At this spend Axis Bank ACE waives its ₹499 annual fee.
Which is better, Axis Bank ACE Credit Card or Amazon Pay ICICI Bank Credit Card?
As of 24 Oct 2026, Axis Bank ACE earns 1.5% on everyday spends outside merchant or portal bonuses, paid as cashback, and Amazon Pay ICICI Bank earns 1% on everyday spends outside merchant or portal bonuses, paid as cashback. Axis Bank ACE comes out ahead on net annual value in all four spend profiles we model. Of the two, only Amazon Pay ICICI Bank takes applications today; Axis Bank ACE isn't taking new applications.