Cashback SBI Card Vs Axis Bank Ace Credit Card

Sonu Singh

Cashback SBI Card Vs Axis Bank Ace Credit Card

Choosing the Right Credit Card

Choosing the right credit card can be a daunting task, with so many options available in the market. There are different credit cards for different needs, and it is essential to choose the one that best fits your lifestyle. Some credit cards offer rewards points, some offer cashback, while others offer discounts on shopping or travel. Therefore, it is important to do thorough research and compare various credit cards before making a final decision.

Cashback Credit Cards

Cashback credit cards are becoming increasingly popular among customers. They offer a certain percentage of cashback on every transaction, making it an attractive option for those who prefer immediate benefits. Two of the most popular cashback credit cards in India are the Cashback SBI Card and the Axis Bank Ace Credit Card. Let us compare the features and benefits of both cards to determine which one would be the better option for you.

Comparison of Credit Cards

1. Annual Fee: The Cashback SBI Card has a joining fee of Rs. 499, which is waived off if you spend Rs. 50,000 or more in a year. The annual fee for the second year is also Rs. 499. The Axis Bank Ace Credit Card has an annual fee of Rs. 499, which is waived off if you spend Rs. 1,00,000 or more in a year.

2. Cashback Offer: The Cashback SBI Card offers 1% cashback on all transactions made using the card. However, if you use the card to make transactions at supermarkets and department stores, you get 2.5% cashback. The Axis Bank Ace Credit Card also offers 1% cashback on all transactions, but if you use it for online shopping, you get 5% cashback.

3. Fuel Surcharge Waiver: The Cashback SBI Card offers a fuel surcharge waiver of 1% on transactions between Rs. 500 and Rs. 4,000. The Axis Bank Ace Credit Card offers a fuel surcharge waiver of 2.5% on fuel transactions up to Rs. 4,000.

4. Travel Benefits: The Cashback SBI Card offers a lost card liability cover of up to Rs. 1 lakh. It also provides an air accident cover of up to Rs. 50 lakh. The Axis Bank Ace Credit Card offers a similar lost card liability cover of up to Rs. 2 lakhs and an air accident cover of up to Rs. 50 lakh. Additionally, it also offers a free lounge access at select airports in India.

5. Other Benefits: The Cashback SBI Card offers a welcome gift of Rs. 100 cashback on the first ATM cash withdrawal made within 30 days of receiving the card. The Axis Bank Ace Credit Card offers a complimentary membership to the Axis Bank Dining Delights program, which provides discounts on dining at selected restaurants.

Conclusion

Both the Cashback SBI Card and the Axis Bank Ace Credit Card have their own unique features and benefits. The Cashback SBI Card is a better option for those who frequently shop at supermarkets and department stores, while the Axis Bank Ace Credit Card is ideal for those who do a lot of online shopping. While both cards offer 1% cashback, the Axis Bank Ace Credit Card provides more cashback offers on online shopping and fuel transactions. In terms of travel benefits, the Axis Bank Ace Credit Card offers a better lost card liability cover and also provides free lounge access at select airports in India. Ultimately, the card you choose depends on your lifestyle and spending habits. Therefore, it is important to carefully evaluate your needs and choose the card that best suits your requirements.

Sonu Singh

Travel Vs Cash Back Credit Card - Which Is Best?

Kirti Bhargav 2022-02-14

Two of the most popular categories of Credit cards are Travel credit cards and cashback credit cards. To determine which one is the best among travel vs cash back credit cards we need to understand their meanings first and then we can walk towards the comparison of their pros and cons:Meaning:What is a Travel Credit Card? A travel credit card is one of the many categories of credit cards provided by financial institutions. Following are some of the top travel credit cards that will get you exciting travel perks & privileges:HDFC 6E RewardsSBI Card ELITEMakeMyTrip ICICI Bank Signature Credit CardHDFC Bank Diners Club PrivilegeWhat is a cashback credit card? Below mentioned are some of the best cashback credit cards available in the Indian market: HSBC Cashback Credit CardCitibank Cashback Credit CardHDFC Millennia Credit CardHDFC Moneyback Plus Credit CardPros and Cons:Travel Credit Cards:Pros:Complimentary airport and Railway Lounge access.

Catalog Credit Cards: A Comprehensive Guide to Their Benefits

Carlo Washington 2024-01-09

A catalog credit card operates on a simple premise: they allow consumers to make purchases from a specific catalog or retailer on credit. Building or Rebuilding Credit: Catalog credit cards can serve as a stepping stone for individuals looking to improve their credit scores. Comparing Catalog Credit CardsHighlighting Different Providers and Their Offerings: A comparative analysis of various providers aids readers in selecting a catalog credit card that suits their needs. Common MisconceptionsCatalog Credit Cards and Credit Scores: Dispelling misconceptions about how a catalog credit card impacts credit scores helps readers make informed decisions. When used judiciously, catalog credit cards can not only facilitate convenient shopping but also serve as a tool for improving financial health and credit quality.

Current Situation of balance

Mashreq Cards 2020-04-18

See a trader or an investor is always busy in diverse business plans and in a race to get some profit from a market or a business project.

It’s easy to handle your business but it’s really hard to manage your banking with best offers and perks.

Although the banking sector in UAE is always ready to attract the attention of customers through easy deals and packages it depends on a certain customer or account holder.

I can assume that all of the traders and big investors use such kind of facilities but they are unaware of one perspective which is about perks and benefits on that specific card.

I know the high net worth individuals and businessperson don’t bother too much about the perks on a credit card but it can save a lot if you give little attention.

Like your other investment plans, there is a need to figure out how much money you can save through your best credit card.

How To Boost Your Credit Using Store Credit Cards

New Horizon Business Service 2023-06-15

How To Boost Your Credit Using Store Credit CardsFor individuals with bad credit or those seeking to improve their credit score, obtaining a credit card can be challenging. Easy approval store credit cards for bad credit, including merchandise credit cards and catalog credit cards, can be valuable tools in this journey. In this article, we'll explore the benefits of these cards for people with bad credit or those looking to enhance their creditworthiness. Accessible Approval Process:One of the significant advantages of merchandise credit cards and catalog credit cards is their easy approval process. By obtaining these cards, individuals can establish or rebuild their credit history, as they are more likely to be approved compared to traditional credit cards.

Tarjetasdecredito.us 4 errores que pueden afectar su historial de crédito en los Estados Unidos

smith nancy 2019-06-11

Tener una tarjeta de crédito en los Estados Unidos es el paso inicial para adquirir un registro financiero que lo ayudará a obtener un préstamo más grande en el futuro. Sin embargo, no usar una tarjeta de crédito de manera adecuada puede afectar seriamente su historial crediticio. Además de conocer los beneficios, en el contrato, también descubrirá las fechas de las cuotas, el límite máximo del crédito y el seguro que se aplicaría si ocurriera una clonación o un robo. No investigando los gastos y cargos de la Tarjeta de Crédito USA: La mayoría de las organizaciones de crédito educan a los clientes con respecto a los costos, intereses, comisiones o gastos sujetos a las tarjetas crédito USA. Financiar las compras que excedan su presupuesto: El exceso de obligaciones es uno de los principales errores que generalmente cometen los propietarios de tarjetas de crédito. Esto se debe a que es común desviarse por la sensación pasajera de comprar artículos, sin siquiera pensar si podremos pagarlos.

Why More Young Adults Use Credit Cards

Swipe4Free 2023-01-06

Why Young Adults Are Flocking to Credit Cards in Greater NumbersTake a trip to any mall in America and you’ll see that many of the shoppers are young adults. There are a few key reasons why young adults are flocking to credit cards in greater numbers these days, and these are discussed in the following section. Benefits of Using Credit Cards for Young AdultsOne-Time BonusesOne-time bonuses are attractive to young adults for a variety of reasons. RewardsYoung adults like credit cards that utilize points systems, as the points a cardholder accrues can eventually be redeemed for travel, gift cards, or merchandise. This 4% non-cash charge eliminates all your credit card processing fees, allowing you to keep 100% of the profits per transaction made with credit cards.

WHO TO FOLLOW