Axis Ace Devalued to Rs.500 cashback per month w.e.f June 15th 2023
Other merchants : 2% Cashback Unlimited
The following MCCs have been excluded from cashback eligibility (fuel, wallet load transactions, payment of property management fees, rental commissions, rental payments, watch, clock, jewelry, and silverware stores related payments, insurance premium/ insurance related payments or any such payments made through following MCCs): 6012, 6051, 5541, 5983, 5542, 6011, 6540, 5944, 6300 and 6513. W.e.f 15th June, 2023, MCCs 6381, 5960, 6012, 6051, 8299, 8211, 8241, 8244, and 8249 will also be excluded from cashback eligibility.
Effective from 15 June 2023
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Finance
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Credit Card
బాగా వేసేశాడు
We shall not send an SMS of cashback earned after every transaction. Instead, we shall send an SMS every month which has the total amount of cashback earned in that statement period
Revision of ACE Credit Card Terms and Conditions
With effect from 15th June, 2023, following revisions will be applicable on your ACE Credit Card: 1. All the purchases (minus returns and refunds) made by you using the Card will be eligible for rewards as provided below: Spends on Reward Max cashback Bill payments (electricity, Cashback water, gas, LPG, and broadband), DTH and mobile recharges through Google Pay 5% Cashback Rs. 500 (on transactions made on these categories combined) Swiggy, Zomato and Ola 4% Cashback Other merchants* 2% Cashback Unlimited *Cashback shall not be eligible on fuel spends, EMI transactions, purchases converted to EMI post facto, wallet loading transactions, cash advances, rental payment, purchase of gold/jewellery items, insurance premium payments, educational services, payment of outstanding balances, payment of card fees and other card charges. For example, If the customer spends Rs. 35,000 in a billing cycle with the following break up of spends – Recharge & Utility Bill payment through Google Pay: Rs. 5,000 Swiggy, Zomato & Ola: Rs. 10,000 Other spends on eligible cashback categories: Rs. 20,000 Out of these “Other spends”, Rs. 10,000 was an EMI purchase. Thus, the total spends eligible for cashback would only be Rs. 5,000 + Rs. 10,000 + Rs. 20,000 - Rs. 10,000 (EMI transaction) = Rs. 25,000 The cashback for the billing cycle in example would be calculated as follows: 5% of Rs. 5,000 = Rs. 250 4% of Rs. 10,000 = Rs. 400 2% of Rs. 10,000 = Rs. 200 Since the combined cashback earned on 5% and 4% cashback eligible transactions is capped at Rs.500, the cashback credited for these categories will be Rs. 500 and not Rs.650 Thus, the total cashback for the example would be Rs. 500+200 = Rs. 700 2. Education service payments will not be eligible for cashback. 3. Cashback earned in a statement cycle is credited against the outstanding of the next monthly statement. An SMS will be sent every month which has the total amount of cashback earned in that statement. SMS of cashback earned won’t be sent after every transaction
damn. now electricity bill payment has 500 max cashback. this card has become useless
Gayi bhensh pani me 😂😂
🤣
😨😢
😞
Excluding money rotation and trick experts like @abhishek012 , for quick and easy cashback/savings, RuPay Platinum DC offer on bill payments (despite killing of the offer for Add Money) remains king due to heavy devaluation or cappings on credit cards 
RiP axis ace
Hame na dukh hua na Khushi..
Why?
I don't have ace
Khatam Tata bye bye good bye gaya 
Hi, I applied for axis ace card. I am paying utility bill through sbi cashback card. I want to know how and where can I use 2% cashback offer. Please help.
Do i cancel issuing axis ace card??
All offline transactions 2 %
HDFC Neu infinity is my go to card and have been able ro get 2.5k coins every month since Jan.
This devaluation is because of people trying to act cleverly and misuse the credit card, and worst of all, post tricks in forums and the cycle goes on and on. What did they expect? That it will be forever? You guys devalued SBI too.
And I was fussing about my Ace CC application not getting approved 
Let's say we pay bills on gpay for 10k per month to get 500 cashback
We will only be able to spend 1.2L, and as we do not meet the 2L spend, we need to pay 500+18%GST
It's almost impossible to get this card now. unless you are pre approved for it in the app
Earlier was it unlimited 5% ??
Sbi cashback already devalued
This applies from 15th June, Sot the transactions done before the date will get unlimited cashback on utility payments right? Can anyone clarify
Yes @Satish84
Now atleast Axis should make this Card LTF.
Now next card to limit unlimited cashback will be Flipkart Axis, then Amazon pay, then Tata HDFC neu and list goes on
2% on all means, even for offline transactions they used to give 2%? OMG, I have been using Amazon ICICI card for all offline txns. Tried applying for Axis FK for 1.5%, but the application didn't go through for reasons best known to Axis bank... Never knew there was a 2% card for offline txns.
What other cards give more than 1% actual cashback (not points) on offline txns?
Huge devaluation I think