Axis ACE Card devalued

[coolanshu1000]

Sad news for all Axis ACE lovers.. with effect from 15.06.2023, there is combined upper cap of 500 rs for cashback on bill payments using GPAY(5%) and 4% categories (swiggy, zomato, ola).

 

[0xfallup]

yeah bro we are F...500 capping shit ...will close this soon

 

[coolanshu1000]

Hi,
I've received an SMS from AXISMR saying that terms related to cashback on Axis ACE will be revised w.e.f 15th June 2023 . Max cashback amount for 5% and 4% reward capped to Rs 500. Did anyone else got this SMS or its just for me ?

Yes it's being devalued from 15.06.23

 

[MinatoFlash]

also Under 2% category,
*Cashback shall not be eligible on fuel spends, EMI transactions, purchases converted to EMI post facto, wallet loading transactions, cash advances, rental payment, purchase of gold/jewellery items, insurance premium payments, educational services, payment of outstanding balances, payment of card fees and other card charges.

 

[coolanshu1000]

also Under 2% category,
*Cashback shall not be eligible on fuel spends, EMI transactions, purchases converted to EMI post facto, wallet loading transactions, cash advances, rental payment, purchase of gold/jewellery items, insurance premium payments, educational services, payment of outstanding balances, payment of card fees and other card charges.

These exclusions are already present.

 

[nrb]

looks like season of devaluation 🙁

 

[msgs.me]

Axis Bank revised it's Ace card Cashback Limits.

 

[nrb]

all good cards going through major devaluation 🙁

 

[Cccc]

Now 2 credit card i need to close
Sbi cashback
Axis ace

 

[coolanshu1000]

Now 2 credit card i need to close
Sbi cashback
Axis ace

If your usage of this card is only for bill payments upto 10k .. then this card is still worthy since 2% cashback is still unlimited.