Axis Airtel CC messed cashback by changing statement date on its own.

[FinanceBaBa]

Hi All..

This is to highlight fraud done by Axis in posting cashback on the Axis Airtel credit card
My Statement generation date is 12th of every month.
For the Airtel Broadband payment of 942.82 done on 11th October the same was not posted in October month Statement but posted in November statement.
But the transaction done on 11th November got posted in November month's statement itself.
This is some serious fraud being done by them. This lead to 2 transaction being posted is same bill making me loose some 240 Rs cash back.

Using the card for last 6 months.. But saw such fraud for the first time. 🪓Is is really the shitiest bank.. Have heard a lot but saw personally as well..
Was thinking of getting Atlas next month..
But after seeing this kind of fraud will stay miles away from any new products from them.
I'm not bothered by the amount lost here as it's small but this makes me sure they can mess up big time as well..

Thanks.


Update 14th Nov:
They generated statement on 11th in October instead of usual statement date of 12th.. Not sure why..

But coz of this 🪓shit lost the cashback..

Update: 15 November.- changed the post title as members feel it's not a fraud.
Old title: Axis Cards are Fraud.

 

[card-shard]

THis

Seeing this change in dates with Axis only..

Haven't seen such change in statement dates by any other bank.

This will happen with any bank , any transaction, due to delay in settling transaction of between banks & merchants.
Try making any payment a day before or on same date of statement date on other CC, it will not be included in next day's statement, instead it will be added in next month's statement.

I am reiterating, what others have also told, never do transaction near within 3 days of statement where you expect cashback/rewards with monthly capping.
There are two ways:
* either you recharge at-least 3 days before your statement
* Or you can ask bank to change statement date if your monthly recharge date is fixed at 11 (limit of 1 date change/year only).

 

[FinanceBaBa]

THis

This will happen with any bank , any transaction, due to delay in settling transaction of between banks & merchants.
Try making any payment a day before or on same date of statement date on other CC, it will not be included in next day's statement, instead it will be added in next month's statement.

I am reiterating, what others have also told, never do transaction near within 3 days of statement where you expect cashback/rewards with monthly capping.
There are two ways:
* either you recharge at-least 3 days before your statement
* Or you can ask bank to change statement date if your monthly recharge date is fixed at 11 (limit of 1 date change/year only).

The issue here was not about the transaction settlement.. But the statement date itself changed by Axis, but generating the statement a day earlier.