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Axis Ace Credit Card Devaluation Effective From : 20 April

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Axis Ace Credit Card Devaluation

Ace CC will fetch 1.5% instead of 2%. 

  • All transactions made using ACE Axis Bank Credit card, except the transactions made on GPay, Preferred Merchants and cashback excluded categories, will earn a base cashback of 1.5%.
  • Cashback will not be applicable on utility spends done on platforms other than GPay.


Effective from : 20 April

HD image : https://ibb.co/V...hD

Axis Bank Ace Credit Card Devaluation

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Deal Cadet Deal Cadet
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GJC2wX9XsAAaVfe

GJC2wagWAAM9N-4

Wingman Wingman
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time to cut axis CCs✌️

Deal Detective Deal Detective
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Significant Devaluation in Axis Bank's Popular Credit Cards:

📉 Changes Effective: April 20, 2024

Axis Ace Credit Card:

- Unlimited Cashback Reduced: 1.5% on Other Spend (was 2%)

- No Cashback on Utility Bills, except through GPay app

- Domestic Airport Lounge Access: Requires Rs. 50,000 spent in previous 3 calendar months

Axis Flipkart Credit Card:

- Unlimited Cashback Reduced: 1% on Other Spend (was 1.5%)

- Domestic Airport Lounge Access: Requires Rs. 50,000 spent in previous 3 calendar months

Axis Airtel Credit Card:

- Monthly Cashback Limit Reduced:

- Airtel services: 25% Cashback to Rs. 250/month (from Rs. 300)

- Gas/Water/Electricity: 10% Cashback to Rs. 250/month (from Rs. 300)

- Domestic Airport Lounge Access: Requires Rs. 50,000 spent in previous 3 calendar months

Axis FreeCharge Credit Card:

- No Cashback on Utility Bills, except through FreeCharge app

152 Comments  |  
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Benevolent Benevolent
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My Airtel Axis Card is currently out for delivery.

Abhi to Maine touch bhi nahi Kiya aur pehle hi value devaluate ho gai imp

Deal Newbie Deal Newbie
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it still worth's if you are having airtel Broadband or sim card, I have been trying for that card, But no luck
Deal Newbie Deal Newbie
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As Axis has devalued Ace and FK, I'm looking for a card with cash back and lounge access. Any one using Federal Bank CC, which is the best card for cash back and lounge access?

Benevolent Benevolent
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whats reward rate for federal cc ?
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Benevolent Benevolent
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"We regret to inform you that we are unable to continue reward structure due to our innnterrrrrrnallllllll policies.As our bank's name (Ax$h!t) suggests,we will also turn it into $#!t."

Warm Regards,

Team Ax$h!t Bank

Dil Se Fraud

Deal Newbie Deal Newbie
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Online giants are tightening their grip!

Popular online platforms like Ajio, Myntra, Zepto, Zomato, Swiggy, and Blinkit are introducing platform fees. This comes alongside credit card companies reducing benefits like lounge access and cashback. It seems like these companies are pushing users away from using cash or debit cards, which offer fewer incentives.

This is a worrying trend. These companies spent heavily in the past to attract customers and build user habits. Now, after getting us hooked on their services, they're introducing extra charges. It's like Uber and Ola all over again. These ride-hailing services did the same thing, squeezing out traditional auto rickshaws and local transportation options. Now they're dominant players.

Are we sleepwalking into a situation where we have limited choices and pay more for basic services?

Deal Newbie Deal Newbie
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Just around a month back I returned by flipkart card for ACE, Now it's just useless as other cards of mine are giving me 1.5% on offline transactions.

Benevolent Benevolent
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Finally this card is truly devalued 😅. I wonder how they got the technology to differentiate between GPAY Utility and Other apps utilities transactions 🤔. One more card out of my wishlist of getting as LTF card😉.

Deal Subedar Deal Subedar
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I got the same doubt. For Ace/Freecharge plus/Airtel CC, how are they gonna differentiate between Gpay/Freecharge/Airtel thanks app utilities vs other platform utility payments.
Cashback depends on MCC. What if other apps/websites has the same MCC as Gpay/Freecharge/Airtel thanks app ?
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Deal Cadet Deal Cadet
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God damn it! I just completed my KYC for Ace today! What to do now? ):

I have HDFC Business Regalia and Kotak PVR.

I thought the Axis Ace would be a good addition for cash back, but now it has been downgraded.

Coupon Baba Coupon Baba
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Abort!

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Deal Subedar Deal Subedar
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Any other card having meet n greet service at airports, like magnus?

Generous Generous
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-so it will apply from april

-snapay charges 1.18%

-axis ace give 2%

-annual fees waiver for 2L

main use was 2% so it gave cashback even on txn value less then 100 for which other card dont , i wil close it next year this ACE as axis has left me with no other option 

now it is as equal with TATA neu infinity 1.5% ,HSBC(Rs. 999 fees),sc smart 2%

Deal Cadet Deal Cadet
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Charon taraf afra-tafri hai..

Darr ka mahaul hai :LOL:

Deal Cadet Deal Cadet
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Axis Airtel cc gets 300 or 250?...i didnt get mail on 250

Coupon Baba Coupon Baba
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250

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Post Emperor Post Emperor
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renewal fees charged for axis ace few days ago,so i think i would need to continue using axis ace for another year
Finance Mentor Finance Mentor
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walla, apa!
Benevolent Benevolent
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@Rosh_0007 mast video dali hai sir devaluation ki. plus1 plus1
bdw is this u in the video ?
Finance Mentor Finance Mentor
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Well, I envied this card and its holders, didn't get invite, but now it seems being an LTF neucard  infinity holder with very generous limit, patience paid off (and old relation of hdfc), no regrets...

replyuser
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