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Side-by-Side Comparison|Updated March 2026

Axis Bank LIC Platinum Credit Card vs Axis Bank ACE Credit Card

Detailed comparison of fees, rewards, benefits, and value to help you choose the right credit card for your spending pattern.

Axis Bank

Axis Bank LIC Platinum Credit Card

7/10
Annual FeeFree
Base Rewards0.66%
NetworkVisa
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Axis Bank

Axis Bank ACE Credit Card

8.5/10
Annual Fee₹499
Base Rewards1%
NetworkVisa
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Feature-by-Feature Comparison

FeatureAxis Bank LIC Platinum Credit CardAxis Bank ACE Credit Card
Annual FeeFree₹499
Joining FeeFree₹499
Fee Waiver SpendN/A₹2,00,000
Base Reward Rate0.66%1%
Reward CurrencyPlusPointsCashback
NetworkVisaVisa
Editor Rating7/108.5/10
Forex Markup3.5%3.5%

Accelerated Rewards

Axis Bank LIC Platinum Credit Card

  • 0% on LIC Premium Payments

Axis Bank ACE Credit Card

No accelerated rewards listed

Pros & Cons

Axis Bank LIC Platinum Credit Card

Pros

  • Lifetime free entry-level card
  • 2X rewards on LIC premium payments
  • 1% fuel surcharge waiver
  • Lost card liability insurance cover

Cons

  • No airport lounge access
  • Lower reward point value (₹0.66) compared to Signature variant
  • Limited redemption options

Axis Bank ACE Credit Card

Pros

  • 5% cashback on utility bills and recharges via Google Pay (Android only)
  • 4% cashback on Swiggy, Zomato, and Ola with no individual merchant capping
  • Flat 1.5% uncapped cashback on all other eligible spends
  • Complimentary domestic lounge access (4 visits per year)

Cons

  • Combined monthly capping of ₹500 on 5% and 4% cashback categories
  • Lounge access requires a minimum spend of ₹50,000 in the previous 3 months
  • 5% utility cashback is restricted to Google Pay on Android devices

Our Verdict

Axis Bank ACE Credit Card edges ahead overall with a stronger combination of rewards and value. However, Axis Bank LIC Platinum Credit Card could be the better pick if its specific category strengths match your spending habits.

Choose Axis Bank LIC Platinum Credit Card if

A simple, no-cost card to earn rewards on LIC premiums.

Choose Axis Bank ACE Credit Card if

Highest cashback rate in the market for electricity, gas, and internet bills via GPay.

Frequently Asked Questions

Which is better: Axis Bank LIC Platinum Credit Card or Axis Bank ACE Credit Card?
Axis Bank ACE Credit Card edges ahead overall with a stronger combination of rewards and value. However, Axis Bank LIC Platinum Credit Card could be the better pick if its specific category strengths match your spending habits.
What is the annual fee difference between Axis Bank LIC Platinum Credit Card and Axis Bank ACE Credit Card?
Axis Bank LIC Platinum Credit Card has no annual fee, while Axis Bank ACE Credit Card has an annual fee of ₹499. Axis Bank ACE Credit Card offers a fee waiver on ₹2,00,000 annual spend.
Which card has better rewards: Axis Bank LIC Platinum Credit Card or Axis Bank ACE Credit Card?
Axis Bank LIC Platinum Credit Card offers a base reward rate of 0.66% with accelerated rewards on LIC Premium Payments. Axis Bank ACE Credit Card offers 1% base rewards. The better choice depends on your primary spending categories.
Can I have both Axis Bank LIC Platinum Credit Card and Axis Bank ACE Credit Card?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. Axis Bank LIC Platinum Credit Card and Axis Bank ACE Credit Card can complement each other if they cover different reward categories.
Which card is better for beginners: Axis Bank LIC Platinum Credit Card or Axis Bank ACE Credit Card?
For beginners, Axis Bank LIC Platinum Credit Card may be more approachable with no annual fee. However, evaluate based on your expected spending pattern rather than fee alone.

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