Axis ACE Credit Card

Published on October 14, 2020
Current Context: Axis Bank partnered with Google Pay and Visa to launch ‘Axis ACE Credit Card’.
Axis ACE Credit Card
  • The aim behind launching ‘Axis ACE Credit Card’ is to increase users participation in the digital world. 
  • The card will offer a seamless digital experience to users right from application to issuance activities. 
  • Visa has offered the facility of tokenization in ‘Axis ACE Credit Card’. This facility will allow users to make transactions using Google Pay with secured digital token attached to their phones without any need of using card physically. 
  • Joining and Annual fee structure for ‘Axis ACE Credit Card’: Users who apply for this card in 2020, will not have to pay joining fees which id Rs 499. This joining fee will be applicable from next year. The joining fee will be reversed if expenses exceed Rs 10,000 within 45 days of issuance in 2021. Also, users who reach Rs 2 lakhs spending in the year, need not have to pay an annual fee of Rs 499. 
  • Static Part: 
    • HQ of Axis Bank: Mumbai
    • MD and CEO of Axis Bank: Amitabh Chaudhry

Question: 

Q.1 In partnership with whom Axis Bank launched ‘Axis ACE Credit Card’?
a. MasterCard
b. Google Pay
c. Visa
d. Both (b) and (c)

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