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If you're in the market for a new credit card, you might feel a bit overwhelmed by all the options out there. Two popular choices are the SBI Cashback Credit Card and the Axis Bank Ace Credit Card. Both offer unique benefits and rewards, making it difficult to decide which one is the right fit for you. In this blog, we'll dive into the details of each card, comparing their features, rewards, fees, and more. By the end, you'll have a better understanding of which credit card might be the best option for you and your spending habits.
Read on to know the detailed comparison to find the right card for you.
Cashback SBI Card vs Axis Bank Ace Credit Card
|
Feature |
Cashback SBI Card |
Axis Bank Ace Credit Card |
|
Joining Fee |
₹999 |
₹499 |
|
Annual Fee |
₹999 |
₹499 |
|
Cashback Rate |
1% to 5% |
1.5% to 5% |
|
Cashback Benefit |
- 5% cashback on online spending without any merchant restriction |
- 5% cashback on bill payments via Google Pay |
|
Cashback Capping |
₹5,000 per statement cycle |
- Capped at ₹500 per statement for 5% and 4% |
|
Fuel Surcharge Waiver |
1% fuel surcharge waiver across all petrol pumps in India |
1% fuel surcharge waiver across all petrol pumps in India |
|
Lounge Access |
Not available |
4 free lounge access per year at selected domestic airports |
|
Dining Benefit |
Not available |
20% off at 4000+ restaurants via EazyDiner |
Which card should you get?
You should get a Cashback SBI Card:
- If you frequently make online purchases without any particular merchant preference
- If you do not travel by plane and therefore have no need for lounge access
- If you own multiple credit cards and want one specifically for cashback benefits
- If you do not use your credit card for utility bill payments
- If you are willing to pay a slightly higher annual fee of ₹999
You should get an Axis Bank Ace Credit Card:
- If you make use of your credit card to pay utility bills
- If you frequently use Google Pay for your transactions
- You frequently order food online from Swiggy and Zomato
- You use Ola Cabs frequently for commuting
- 4 lounge access in a quarter is adequate for your needs
- You prefer a low annual fee credit card
Conclusion
In conclusion, both the SBI Cashback Credit Card and the Axis Bank Ace Credit Card offer unique benefits and rewards. The choice between the two ultimately depends on your spending habits and preferences. If you frequently make online purchases without any particular merchant preference and do not need lounge access, the Cashback SBI Card might be the better option for you. On the other hand, if you use your credit card for utility bill payments, frequently use Google Pay, and need lounge access, the Axis Bank Ace Credit Card might be the better fit. Regardless of which card you choose, make sure to read the terms and conditions carefully and use your credit card responsibly.
Read More about 10 Best Credit Cards for 2024 | Best Cashback Credit Cards in India 2024
