I am holding FK Axis and Ace. Definitely closing FK Axis.
Now here is my confusion. With Ace giving only 1.5% on offline spends, for 1L spends on offline, I end up gaining ₹910 profit (after paying ₹590 annual fee) where as LTF card like Amazon gives ₹1000 profit for 1% offline spends. The other advantage of recharge & utiltiy payment of Axis Ace is useless for me as I use my sister's Airtel Axis for recharges and uitlity payments (even this one gives 1% cb on offline spends). If the capping is reached, I buy Amazon GV using HDFC Millenia (LTF) and recharge/utility through Amazon. For UPI spends, I have Tata Neu Infinity LTF. SHOULD I CLOSE ACE CARD?
Plus any idea on when can we get Axis IOCL LTF offer?