[Resolved] Axis Ace - Transaction Query

[Tosh]

Can someone who is familiar with the axis system explain me what is this credit interest transaction?

I have not used the ace card in the entire duration from start of May till date. During this time I had a credit balance of 276 Rs received as a cashback from my April month expenses. .

Now I received another ~9 Rs yesterday but I am not sure what for. I don't suppose axis gives interest for the credit amount, so what is this transaction?

Cannot take screenshot or screen recordings but it just reads Credit Interest and I recieved some 9 Rs

 

[RkrRkr is verified member.]

Strange thing...Interest on excess credit amount on CC..Requesting share screenshot for better evaluation.

 

[jack333]

I think it gives same interest as in axis saving account

 

[Piyush_Jaiswal]

Can someone who is familiar with the axis system explain me what is this credit interest transaction?

I have not used the ace card in the entire duration from start of May till date. During this time I had a credit balance of 276 Rs received as a cashback from my April month expenses. .

Now I received another ~9 Rs yesterday but I am not sure what for. I don't suppose axis gives interest for the credit amount, so what is this transaction?

Cannot take screenshot or screen recordings but it just reads Credit Interest and I recieved some 9 Rs

Yes, I also received interest on excess credit on my Axis Credit Card about 1 or 2 months ago. Don't remember the exact amount.

 

[Tosh]

Strange thing...Interest on excess credit amount on CC..Requesting share screenshot for better evaluation.

Cannot take due to secure flag.. screenshot/video both give black screen

 

[Tosh]

Yes, I also received interest on excess credit on my Axis Credit Card about 1 or 2 months ago. Don't remember the exact amount.

Thats good 😂 won't bother asking for excess amount transfer then. I don't see any upcoming expenses this month too. I'll confirm next month

 

[Tosh]

Yes, I also received interest on excess credit on my Axis Credit Card about 1 or 2 months ago. Don't remember the exact amount.

The rate is much higher. I had a credit balance of 276 and received 9.15 that's 3.3% for a single month. 1.65 if we consider both months but then too it ls very high.

 

[jack333]

The rate is much higher. I had a credit balance of 276 and received 9.15 that's 3.3% for a single month. 1.65 if we consider both months but then too it ls very high.

Then its better to keep money in credit card than saving account 🤣

 

[VISHESH_BANSAL]

Then its better to keep money in credit card than saving account 🤣

Paytm 15k ki payment pe 100 ka cashback bhi de raha hai that too five times😂
Use Indusind Visa DC for additional 0.93%

Axis ke CC m Invest karke hi chain ki neend liyo aaj raat.

Axis Dil se Open ho gaya hai aaj kal

 

[Abhishek012]

Axis also credit interest, if your pay excess credit amount. Nothing new.

 

[Tosh]

Axis also credit interest, if your pay excess credit amount. Nothing new.

Thanks for confirming. Marking this thread as closed!