Devaluation Axis ACE Credit Card Huge Devaluation Alert

[nrb]

Abhi abhi toh aaye ho..
bahar banke chhaye ho...
5% Zara mehek toh le,
monthly budget behek toh le
Ye billing cycle dhal toh le Zara

Ye month ki 15 toh aaye Zara
Ye dil green credits toh dekh le zara
Mai thodi der ji to lu
Cashback ke ghoont pi to lu

Abhi toh kuch kharida nahi
Abhi toh kuch mila nahi...
Abhi na jao chhod kar
Ke dil abhi bhara nahi 💔

wah wah ... 🙂

 

[Abhishek012]

I couldnt read that thread can someone copy paste on my dm please. I want to learn ace tricks how to utilise properly

DM you.

 

[kishansl]

I think this is not a devaluation, but a step to prevent misuse.

 

[akshayhs]

6012, 6051, 5541, 5983, 5542,
6011, 6540, 5944, 6300 and 6513. W.e.f 15th June, 2023, MCCs 6381, 5960, 6012, 6051, 8299,
8211, 8241, 8244, and 8249 will also be excluded from cashback eligibility.

Can anyone enlighten what these new excluded MCC codes are linked to?

Code	Category
6012, 6051	Foreign currency, Cryptocurrency related
5541, 5542, 5983	Fuel, service stations
6010, 6011, 6012	ATM machines
6540	Prepaid cards, Wallets
5094, 5944	Jewelry
6300, 5960	Insurances and their premiums
6513	Real-estate, property management fees, rent payments, payments to realestate brokers
8211, 8244, 8249, 8299	School and educational services

Source: VISA Standards manual

 

[helloworld]

@Abhishek012 @TechnoFino @Chaitanya-a @Wealth is my birth right!

Important Announcements | Axis Bank

Visit us to know the terms and conditions like surcharge fees, edge rewards, and many more offers. know more about the important announcements on Axis Bank Credit Cards.

www.axisbank.com

focus on mcc codes and categories in this page and ignore cards (you can consider if you have them but its not up-to date)

mentioned mcc are belongs to insurance, education services.

 

[pprakash11]

so would the 2% unlimited cashback will be applied to GPAY utility bills payment after 500 capping ?

No. Max 500₹, after that ₹0.

 

[ssnthegenius]

No need to pay 10k bill through Axis Ace Credit Card.

You can rotate money through OLA Wallet and get 5% cashback and spend anywhere through Mayamoney RuPay card, trick here

https://www.technofino.in/community/threads/axis-ace-credit-card-get-5-cashback-trick-on-spend-anywhere.11082/

Can't open

 

[0xfallup]

No. Max 500₹, after that ₹0.

2% is still unlimited

 

[pprakash11]

2% is still unlimited

Yes, but he was asking for Gpay utilities after ₹500 caping (5%), that after this 5% capping of ₹500 whether doing on Gpay would fetch 2% or not.
That I told no


Yeah , offline 2% is unlimited 😍

 

[BeingPramod]

DM you.

Can you please DM me as well. Can't open the given link

 

[Chaitanya-a]

2% is still unlimited

But 2% will be given for all other merchants except accelerated ones. So you won't be getting cashback after ₹500 at all from Gpay bill payment.

 

[0xfallup]

But 2% will be given for all other merchants except accelerated ones. So you won't be getting cashback after ₹500 at all from Gpay bill payment.

death of legendary card in terms of looting 🙁

 

[Chaitanya-a]

death of legendary card in terms of looting 🙁

But still good for genuine users

 

[0xfallup]

But still good for genuine users 😂

yes!

 

[Rahul92]

But 2% will be given for all other merchants except accelerated ones. So you won't be getting cashback after ₹500 at all from Gpay bill payment.

I think gpay utility transactions will count for 2% unlimited even after 5% 500 as gpay is not in excluded category.

 

[Rohith_Kumar_Sp]

Not in excluded category but they've mentioned that this Cashback is for 'all other merchants'.

Yes but utility is still included in 2%, I've paid fast tag of icici in cred using axis ace and have gotten 2%, so if you exhaust 5% 500 cap, you can still pay outside gpay for 2% unlimited. Even icici pay has 2% but the amount is stuck in Amzaon, gpay will give you cb to your credit. Which is kinda better?

 

[coolanshu1000]

So the difference between Axis Flipkart and ACE in respect to other murchants will remain only 0.5% apart from bill through gPay. I pay my electricity bill through Airtel CC, whether should I still wait for this card?

The most important category which is excluded in Flipkart and included in ACE is Utilities category. Most of the sites are classified as Utility (ex- Airtel, Jio, simpl, cred etc) for which Flipkart card does not give anything.

 

[coolanshu1000]

Yes but utility is still included in 2%, I've paid fast tag of icici in cred using axis ace and have gotten 2%, so if you exhaust 5% 500 cap, you can still pay outside gpay for 2% unlimited. Even icici pay has 2% but the amount is stuck in Amzaon, gpay will give you cb to your credit. Which is kinda better?

Plan your bill payments upto 10k on gpay .. after that switch to amazon or cred or simpl etc for 2% cb

 

[Rohith_Kumar_Sp]

Plan your bill payments upto 10k on gpay .. after that switch to amazon or cred or simpl etc for 2% cb

Amazon will give cb to amazon balance which you have to use in amazon. Gpay will be credited to your statement which is better.

 

[Rohith_Kumar_Sp]

The most important category which is excluded in Flipkart and included in ACE is Utilities category. Most of the sites are classified as Utility (ex- Airtel, Jio, simpl, cred etc) for which Flipkart card does not give anything.

Flipkart cart we a terrible card to begin with. Given how bad flipkart have become.