HumorSimpson
TF Prestige
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Gpay started 1% inconvenience fee
- Thread starter HumorSimpson
- Start date
dexter_greycells
TF Premier
Everyone who is rushing to cancel their Axis Ace for the 0.75% convenience fee increase are mostly relying on SBI Cashback + APay Voucher via Amazon route or Axis Airtel. The former is technically a loophole because SBI Cashback's T&Cs state that 5% CB is not applicable for GVs. So, if and when SBI or Amazon decides to close that loophole, and they certainly will, then will you cancel your SBI Cashback too? As for Axis Airtel, the cashback on non-Airtel utilities is capped at 10% OFF up to Rs 250 a month. So, one bill of Rs 2500 and you are done for the month. That way Axis Ace lets you go up to Rs 500 a month at 5% OFF. That's Rs 10k worth of utilities.
I had a friend get this because their biggest monthly expense was groceries and all kinds of stuff from DMart. At 1.5% CB, Axis Ace has been unbeatable there. Second biggest monthly expense are utilities and recharges all of which are non-Airtel. Unless using a CC is costing you more than paying in cash or via UPI, you shouldn't be cancelling the card.
I had a friend get this because their biggest monthly expense was groceries and all kinds of stuff from DMart. At 1.5% CB, Axis Ace has been unbeatable there. Second biggest monthly expense are utilities and recharges all of which are non-Airtel. Unless using a CC is costing you more than paying in cash or via UPI, you shouldn't be cancelling the card.
aniketkr.sharma
TF Premier
It's yours perspective, but people don't have only sbi cashback loophole, they also have infinia & dcb that is already giving 8-16% cashback on AGV's, so they are cancelling this card as it now gives much lesser rewards in terms of what they can get from other cards.
dexter_greycells
TF Premier
Right. I am just advising people to take a pause and think long and hard about it. Cancel culture, herd mentality, byte-sized analyses (i.e. reels) and knee-jerk reactions have become an epidemic nowadays.
Infinia and DCB are RP based and not CB. So, that's a different league. Also, with the 3.5% + GST surcharge on APay vouchers, the RPs are now down to 12.5% on Infinia and 5.8% on DCB. The surcharge is also real money that goes immediately out of your pocket in return for those RPs (which are 1:1 only for flights and hotels that are slightly marked up over normal rates) that you will redeem months later and that too up to 70% at a time. CB is real money credited the next month. For people who are not loaded (i.e. rich), that's always better.
HumorSimpson
TF Prestige
Agree. A small brake on agvs will topple the card 💳,just as we saw on idfc DC rewards
creditadicard
TF Neo
From where to buy agv to get cashback on SBI CB cc as it shows no CB on agv nowThanks a lot. Now all my utilities will be on sbi cashback card 💳 via the agv route. Amazon really showed whose the boss here.
Now time to give mangalam to my axis ace cc.
HumorSimpson
TF Prestige
Recently too I bought AGV on Amazon and did get 5% CB.
ALso there is a website to buy agvs with sbi cb for 5%. DM @Abhishek012
saniruidas
TF Select
Yes I love GPay interface, fast simple and all things automated.
OTP fill automatically, just need to put finger in fingerprint sensor.
All done .
saniruidas
TF Select
saniruidas
TF Select
You are lucky enough 😂 but nothing to lose for Airtel Axis, 250 for month is not much. If they reduce nobody will use their card . 250 for airtel recharge also not good, because Jio recharge plan is chipper then there plans, so people no need to use Airtel Service .After a long time(no CC application for the last 6+ months) applied and got ACE yesterday. Now Convenience fee started🤪
After cooling period i'm going to apply for AIRTEL CC.
Till then AIRTEL AXIS holders...enjoy
saniruidas
TF Select
1% convenience fee on GPay every payment via this card.
