Axis Ace Reward structure sustainable?

[Ekavya]

After struggling for nearly 12 months I finally got my 🏆: "Axis Ace" on previous November. I have to pay 3 electricity bills (5% CB) every month. So I can easily recover Annual fees. (My Joining fees was reverted as I have spent 10k in the first 45 days). If one can spent 2 lakhs then they will also revert annual fees. But the most attractive feature is 2% C.B on offline spends.

It's still feels like too good to be true. But as far as I Know a card issuing bank charges 1-3.5% MDR from the merchant. But this card is giving us minimum of 2% back in each transaction. So my question is : Is this reward structure sustainable? Or they just recover their missed profit from other Non-Rewarding cards?

 

[HumorSimpson]

Only sustainable reward structure is Money Back CC.

 

[FinoGuy]

Negotiation skills 😎.

What if they close card before the negotiation starts?

 

[HumorSimpson]

What if they close card before the negotiation starts?

Have some outstanding amount, they won't be able to close.

 

[FinoGuy]

Have some outstanding amount, they won't be able to close.

Didn't knew if it worked with axis.
How do you initiate closure? Via email or phone call or chat ?

 

[HumorSimpson]

How do you initiate closure? Via email or phone call or chat ?

I haven't done myself.

 

[samm255]

Have some outstanding amount, they won't be able to close.

They won't take closure request until dues are paid and retention will only get back to you when card close request is placed. So try this only if you are ready to loose card @FinoGuy

 

[D₹V]

What if they close card before the negotiation starts?

There's always risk with respect to reward.

 

[FinoGuy]

They won't take closure request until dues are paid and retention will only get back to you when card close request is placed. So try this only if you are ready to loose card @FinoGuy

That's what I was thinking. Because in axis you cannot raise straight away from app. You've to mail /call them

 

[FinoGuy]

There's always risk with respect to reward.

Thinking to close FC card this month due to nonuse... Are they offering any LTF card as replacement against basic card like fc?

 

[D₹V]

Thinking to close FC card this month due to nonuse... Are they offering any LTF card as replacement against basic card like fc?

Well, I also have FC card but I won't be closing this & won't be doing any spend as well.

 

[HumorSimpson]

Well, I also have FC card but I won't be closing this & won't be doing any spend as well.

FC - funny cat 🙀?

 

[deep@vie]

Out of the context, phone changed from android to its but this Ace isn't reflecting on ios(gpay )
Any workaround,not even getting the option to add other cards except rupay

 

[FinoGuy]

Well, I also have FC card but I won't be closing this & won't be doing any spend as well.

Why pay for a card you're not using?

 

[D₹V]

Why pay for a card you're not using?

I'll get it reversed from retention team, don't worry 😜.

 

[HumorSimpson]

I'll get it reversed from retention team, don't worry 😜.

For axis ace too?

 

[s1t2y3a3m6]

Charge lagne to do, retention se waive ho jaega.

Itna kya darna 😎🥱.

@D₹V Directly call karke retention team ko transfer karne keliye bolna hai kya?

If I placed card closer request and they wouldn't transfer call to retention team like SBI and directly close my card,then what to do ?

 

[VasukiVasuki is verified member.]

I have to pay 3 electricity bills (5% CB) every month. So I can easily recover Annual fees.

monthly 5% upto 500 cashback capping means monthly 10k max spend and 10k+12 months = 1.2 lakhs.

Baki 80k kahi aur spend karna hoga, annual fee wavier k liye 2 lakhs.

I doubt u do genuine spends 😂 when u have cashback card

 

[VasukiVasuki is verified member.]

For axis ace too?

Its possible for every card

 

[HumorSimpson]

Its possible for every card

Did any one till now got axis ace fee reversal.?

 

[HumorSimpson]

@D₹V showed up and axis atlas devalued. Is this coincidence or co accident?

Nation wants to know.