ACE devaluation from 1st Sep

[ADITYA1904]

AXIS ACE-now goverrnent service payment removed…I received email

 

[pprakash11]

w.e.f. ?

 

[sleepysurya]

September 1st

ACE_TnC changes (axisbank.com)

 

[BhaiyaJi]

ACE devaluation

 

[sleepysurya]

Revision of Axis Bank ACE Credit Card Terms & Conditions
With effect from 1st September 2023, the following changes will be applicable on your Axis Bank ACE Credit Card:
1. Exclusion of payments made towards Government Services from cashback eligibility:

• Payments made towards government services (MCCs - 9399) will not be eligible for cashback​

• 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, payment of outstanding balances, payment of card fees and other card charges​

• The following MCCs have been excluded from cashback eligibility: 5541, 5542, 5944, 5983, 6011, 6012, 6051, 6300, 6381, 5960, 6513, 6540, 8299, 8211, 8241, 8244, 8249​

 

[BhaiyaJi]

https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/actc.pdf

 

[BhaiyaJi]

Payments made towards government services shall not be eligible for cashback.

 

[Deleted member 11974]

AXIS ACE-now goverrnent service payment removed

AXIS ACE-now goverrnent service payment removed…I received email

www.technofino.in

 

[Trust Me]

Payments made towards government services shall not be eligible for cashback.

This is Axis policy, -- not specific to Ace only.

 

[Deleted member 11974]

@bvc19296 merge this thread

 

[coolanshu1000]

With effect from 1st September 2023, Payments made towards government services shall not be eligible for cashback.
This means now no cashback for Advance Tax payments, NPS payments etc.

 

[hungryPanda]

most likely all axis cards going to exclude utility and govt services from 1st September.

 

[Andy1]

After some time we'll have to buy reward points from credit card companies

 

[4uziaul]

Already being discussed here

Thread 'ACE devaluation from 1st Sept' https://www.technofino.in/community/threads/ace-devaluation-from-1st-sept.15913/

 

[Cccc]

Lets close all cards and bank account of such bank and devalue their stock value !!!

 

[vaibhav111vaibhav111 is verified member.]

i get it axis ace and myzone and probably axis select would also devalued, pls everyone check before creating multiple thread on same topic over and over again.

 

[Strange]

With effect from 1st September 2023, Payments made towards government services shall not be eligible for cashback.
This means now no cashback for Advance Tax payments, NPS payments etc.

I haven't received this email yet.