-
Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.
Mass cancellation of Flipkart Axis Credit Card
- Thread starter BhaiyaJi
- Start date
Notice aaya ya card cancel hua...
Ye sab batate hai ..
Card kahan aur kitna use Kiya ye koi nahi batata .
Genuine case hai tau please share details so that others also know and they can be careful.
Also instead of sending notices or cancellation of cards, Axis shall put a limit or define commercial usahe ( like Tata Neu card)
Ye sab batate hai ..
Card kahan aur kitna use Kiya ye koi nahi batata .
Genuine case hai tau please share details so that others also know and they can be careful.
Also instead of sending notices or cancellation of cards, Axis shall put a limit or define commercial usahe ( like Tata Neu card)
Itne samjhdaar hote to Ax shit nahi hote.
Commercial transaction aren't separately marked for MSMEs.
If Infosys is making a payment to Micorsoft, they will hv set procedure, and invoicing mechanism. But a small kirana shop paying a local whole-seller isn't marked separately.
Lots of times, small business owners try to make payments on POS machines using their personal use credit cards.
You can order 2-3 phones in a festival month for your family from Flipkart, that is personal expense.
But if a small town shopkeeper tries ordering 5 mobile phones during sale, to later sell it in his shop, or re-sell from his seller account on e-com sites on higher price later is commercial usage.
Booking an Int holiday package on MMT for your family is personal use, but paying for booking company's team outing from same MMT using your personal card is a commercial transaction
Summary: in case of MSMEs vs individual users, it's very hard to define "commercial usage" from "personal usage". So for banks, only reliable options as of now is to track usage pattern & ask for proof wherever doubts are there.
helloworld
TF Legend
most of the card cancellations came to people who over use the cards..
like ordering multiple phones from fk, recharges, flight tickets multiple times in a month etc.
always, personal credit card meant to use single household only ideally, any usage that is go beyond is problematic and need explanation.
Problem with 🪓 they punish these people along with genuine people (who can get away by showing proper invoices etc. but you know they lost the trust).
Nothing is hard, in fact it is very easy. There are hundreds of cards in market, only one issuer is having problems.
So, the problem lies with AxShit only
Tell me the easy & practical way. I am eagerto hear the easy solution.
Correction:
Only one bank is doing closure on large scale to cut it's losses.
(If you explore this community, you'll find isolated instances from other banks as well)
I'm all in support of ppl, playing by the rules. But against people misusing personal use credit cards for business expenses, which in most cases hurts personal use consumers like me, when banks devalue their cards.
So in my opinion, Axis is the better bank, which goes after people potentially making business txns.
Axis to ppl making business txns (in most cases) 🤣🤣 :
Last edited:
You're 100% correct. When one gets hurt, they shouldn't get it treated. Instead wait for it to become cancer and then uri***e all all over it in the hope of curing it. This how axis deals with problems.
All banks have this problem but Axis has the worst way of dealing with it. I am not sure how you feel it is better? or do you mean HDFC doesn't care for profitability only Axis does?
PS: Apologies in advance for being crude.
People don't hv to wait for becoming cancer, just send proofs for genuine spends, and get due rewards. if not solved, then there are escalations mechanism, and then RBI + consumer court.
For other parts of your answer, I will hv to explain you business concepts, things like profitability, cash burn etc... so I will leave it as it is.
Pardon me for being ignorant and not being well versed with business concepts. I meant cancer for Axis not consumers.
Any FUP will do
Like ceiling on maximum cashback one can earn,
Or
celing on max. cashback on a single transaction
????
The conversation started from "defining commercial transactions", and preventing commercial use.
Your suggestions hurts personal-use consumers as well, who may be purchasing 2-3 phones during a festival.
By your twisted & incorrect logic, devaluation is also a valid strategy, as it cuts down rewards for EVERYONE. Utter non-sense.
I guess I am interacting with commercial users of personal cards, so it won't go anywhere. Peace out. ✌️
Abhishekmaitry
TF Buzz
Thread 'Axis sent me notice for business transactions - urgent help needed' https://www.technofino.in/community...siness-transactions-urgent-help-needed.27604/
Abhishekmaitry
TF Buzz
Thread 'Axis sent me notice for business transactions - urgent help needed' https://www.technofino.in/community...siness-transactions-urgent-help-needed.27604/
anonymuos
TF Ace
If they are claiming that their usage was normal/personal use, then probably they were rotating money to increase spends (which I admit everyone does to a limited extent) but Axis is particularly strict about it. But then we do have people here saying their spends were less, genuine and they already have/are ready to provide invoices so Axis's defective algorithm might also be at work here.
Last edited:
At the end of the day , it's just a card.
Cancel kr rh krne do, dusra use kro.
Market me flipkart jaise cards ki kami Hai kya 😀
Cancel kr rh krne do, dusra use kro.
Market me flipkart jaise cards ki kami Hai kya 😀
When you don't have any definition ready for personal/commercial, then how can you guess that my usage is commercial?
Don't stress over it too much, leave it for axis guys.
True.
Not the end of World
That is why I suggested before..
Always use our 🪓 before 🪓 uses its 🪓🪓🪓...
Period...
I closed my Samsung Infinite before ... and my 🪓 is sharp now...
Currently I have now Myzone, NEO and Airtel...😉
Similar threads
- Solved
- Question
- Question
