Axis Bank Ace Credit Card latest circular on 5% and 4% cash back capping with 500 per month

[vganeshsah]

Dear all,

Yesterday I received mail from Axis Bank on Ace Credit Card Capping on cash back.

With effect from 15th June, 2023, following revisions will be applicable on your ACE Credit Card:

 

[4uziaul]

This not something new, already being discussed here

Axis ACE Credit Card Huge Devaluation Alert

Hello everyone, Huge devaluation news coming from Axis Bank regarding their ACE credit card. According to the new terms and conditions: Effective from June 15 1. Bill payments (electricity, Cashback water, gas, LPG, and broadband), DTH and mobile recharges through Google Pay and get 5% Cashback...

www.technofino.in

 

[akshayhs]

 

[Heehaahee]

Dear all,

Yesterday I received mail from Axis Bank on Ace Credit Card Capping on cash back.

With effect from 15th June, 2023, following revisions will be applicable on your ACE Credit Card:

What will you do now?

 

[4uziaul]

What will you do now?

Nothing, he will just create another thread 😂

 

[Chaitanya-a]

Nothing, he will just create another thread 😂

 

[vganeshsah]

What will you do now?

I will continue my transactions, at present am getting 3500 / 4000 cash back per month from my ace cc under 2% category, no problem for me.....

 

[prc1990]

I will continue my transactions, at present am getting 3500 / 4000 cash back per month from my ace cc under 2% category, no problem for me.....

You are in the firing line. Your card can be shoot down anytime 🥲.

 

[vganeshsah]

You are in the firing line. Your card can be shoot down anytime 🥲.

How? Am doing transactions for that am getting cashback?

Can you justify how this will firing line?

 

[4uziaul]

How? Am doing transactions for that am getting cashback?

Can you justify how this will firing line?

What he means is that Axis is known for blocking cards citing commercial usage. So, use your card wisely.

 

[vganeshsah]

Ok

 

[prc1990]

How? Am doing transactions for that am getting cashback?

Can you justify how this will firing line?

With cashback worth 3.5/4K every month, it obviously symbolizes excessive usage of the card and this ultimately signifies commercial usage. Your card would be flagged sooner or later for sure. If your transactions are geniune spends and that too for personal use and if you have clean evidences of them, then no need to worry. Use it wisely.