Do consider below points before opting for new enquiry and entry in your CIBIL report.
Ace Features:
Online -
- 10% off during axis sales + 2%
- Bill payment - 5% (Electricity, water, gas, LPG and broadband, DTH and mobile recharges through Google Pay*)
- Swiggy, Zomato and Ola** 4%
Offline - 2%
Cashback shall not be eligible for following,
o Fuel Spends
o EMI related transactions
o Wallet loading transactions
o Cash advances
o Rent related transactions
o Gold/jewelry items and insurance premium
Few notes regarding Features:
Not much useful for...
- Swiggy/Zomato - always has >4% ex. 100rs. offer most of the time.
- Electricity/gas/LPG - 10% discount on amazon pay with IndusInd/BOB (upto 500) or with amazonpay voucher (~5%+ if purchased properly).
- Broadband - Usually a year pack gives 10-20% with some additional benefits (1 or 2 months free for 12 months pack).
- Mobile Recharges - Usually a year pack comes with a discount of 15-20% (ex. airtel 2% instant discount + 10%+ discount compared to quarterly packs).
(Combine both Broadband and Mobile Recharges with amazon pay/paytm coupons or offer for extra benefit).
- DTH - Usually a year pack comes with a discount of 10-20% depends on negotiating skills.
- Not useful for Grocery/Departmental Stores/Movies/Dining (compared with other cards, e-vouchers, and better offers).
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To recover 590Rs. with
5% = 11,800
2% = 29,500
have to spend on this card (provided no other benefit or discount with other cards which increases this spend amount considering effective rate).
Note: Above consideration user has other cards like AU/BOB/SBI Cashback or equivalent cards and must be used for personal use and not for commercial purpose.
Note: Above consideration if someone paid < 3000 electricity bill.
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