Factors that Might Make Your Credit Card Application Waiting

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If you’ve ever applied for a credit card and waited weeks or even months for a response, you know how frustrating it can be. Several factors can delay the approval of your credit card application, and understanding these factors can help you avoid the waiting game and get the credit you need more quickly. We’ll take a look at some of the most common factors that might cause your credit card application to be delayed. Credit score One of the primary factors that credit card issuers consider when evaluating applications is the applicant’s credit score. If your credit score is low or if you have a limited credit history, assess your application and decide whether you are eligible for the card, the issuer might need more time. To avoid delays due to your credit score, check your credit report before applying for a card. Every year, the three major credit reporting agencies will provide you with a free copy of your credit report ( Equifax, Experian, and TransUnion). Examine your re
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Features And Benefits Of The Axis Bank ACE Credit Card

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Most people believe that credit cards are only used to enjoy credit limits. But, you should be aware that the majority of people prefer to use a credit card to take advantage of interesting offers and deals. So, if you want to get the best credit card deals, you should look into the Axis Bank Ace Credit Card. This credit card offers unlimited Cashback on Zomato, Swiggy, and Ola. There are some other exciting offers on this credit card that you should look into before applying for it. This credit card also allows you to make EMI transactions, so you should look into its key features and benefits.


Benefits and features of Axis Bank ACE Credit Card

You should be aware that this card will enable you to save a significant amount of money on your monthly expenses. It will reduce your expenses, and you can use this credit card to purchase a variety of products. You can use all of the credit card offers in your daily transactions.

Unlimited cashback

●       Get a 5% cashback when you pay your electricity, gas, or water bills. This credit card can be used to pay for DTH and other utility payments on Google Pay.

●       Swiggy offers a flat 4% cashback.

●       Ride on OLA and receive a 4% cashback.

●       Zomato offers 4% cashback on food orders.

●       This credit card offers a 2% cash back on all other purchases.

●       Cashback has no upper limit.

Airport lounge access

●       4 complimentary visits to domestic airport lounges provided by Axis Bank Ace Credit Card.

●       A total of 4 free visits are permitted per year.

The fuel surcharge waiver

●       With the Axis Bank Credit Card, you can get a 1% fuel surcharge waiver at filling stations.

●       The maximum monthly fuel surcharge waiver allowed is Rs. 500 per month.

Dining Delights

This offer entitles you to a discount of up to 20% at the 4000+ Axis bank-partnered restaurants in India.

Conversion of EMI

●       This credit card allows you to convert purchases of Rs. 2500 or more into EMI transactions.

●       You can choose an EMI term of 6 months, 9 months, 1 year, 1.5 years, and 2 years are available.

●       A monthly interest rate of 1.5% is charged on the outstanding balance.

●       On EMI transactions, a one-time processing fee of 1.5% or Rs. 250, whichever is greater, will be applied.

Advantages and disadvantages of Axis Bank Ace Credit Card

Advantages

Disadvantages
  1. Simple cashback with monthly direct credit to the user's account.
  2. The highest possible cashback rate of 2%.
  3. The annual fee is only Rs. 499.

1. The welcome offer was only available for a limited time (till Feb 2021).

2. There is no cashback on fuel or EMI transactions.

Conclusion

With an annual membership fee of Rs. 499 and additional cashback benefits on Google Pay (bill payments only) and other popular platforms like Zomato, Swiggy, and Ola, it appears to be a decent entry-level credit card. The MoneyBack Plus Credit Card from HDFC Bank is a strong competitor to this card. In addition to the cashback benefits, you get four complimentary domestic lounge visits, which very few entry-level cards provide. If you're a newcomer looking to start your credit journey, you should consider this one from Axis Bank.

Read More: Cashback Credit Card: Everything You Need To Know

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