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?

 

[iamabhisekagar]

A query:
Does buying GV via grabdeals would fetch 2% on Ace?

 

[HumorSimpson]

A query:
Does buying GV via grabdeals would fetch 2% on Ace?

Nope I guess, anything out of gpay won't fetch 2%

 

[Shoxie]

A query:
Does buying GV via grabdeals would fetch 2% on Ace?

Well, the card got devalued. So it'll fetch 1.5%

Nope I guess, anything out of gpay won't fetch 2%

Outisde of gpay limit is only restricted to Utility. I. E, utility spends will fetch via gpay will fetch 5%. Utility spends outside gpay will not fetch any CB.

 

[iamabhisekagar]

Well, the card got devalued. So it'll fetch 1.5%

Form 20th April devaluation starts....Not today...😆

 

[Pollex]

Nothing from Axis is sustainable.

 

[Shoxie]

Form 20th April devaluation starts....Not today...😆

Right, didn't know that! Time to abuse 2% till it lasts xD

 

[iamdhamo]

Nothing from Axis is sustainable.

Ya just like their employees cos they don't pay well. 46% attrition

 

[prc1990]

Right, didn't know that! Time to abuse 2% till it lasts xD

Abuse term use karke aukat dikha di 🦁.

 

[dan873]

A query:
Does buying GV via grabdeals would fetch 2% on Ace?

Yes will fetch 2%

 

[D₹V]

Without you TF has become garbage dump. Too much spamming, please

Ha ha ha 🤣