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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✌️

Finance Ninja Finance Ninja
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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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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...

Benevolent Benevolent
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@Rosh_0007 mast video dali hai sir devaluation ki. plus1 plus1
bdw is this u in the video ?
Deal Cadet Deal Cadet
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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!
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

View 2 more replies
Deal Cadet Deal Cadet
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Charon taraf afra-tafri hai..

Darr ka mahaul hai :LOL:

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

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!

View 6 more replies
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 ?
View 3 more replies
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.

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?

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 Cadet Deal Cadet
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rip cards FBIMG1710922764805
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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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
Crowdpuller Crowdpuller
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Attraction point is....  Indianoil credit card annual fee will now be waived off on 3.5 lakh spend. 😝


suggestion- call customer care and take neo rupay credit card. They are providing it ltf right now.

Deal Captain Deal Captain
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What will people buy petrol bunks stuck_out_tongue
Deal Captain Deal Captain
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I have Flipkart Axis LTF wouldn't go for LTF myzone 0.4% reward joy

I'd rather stay put

Deal Newbie Deal Newbie
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I think..they revised all cards..

For my zone card-lounge access and for flipkart axis card- lounge access and cashback also revised from 1.5 to 1% for all other categories

Deal Lieutenant Deal Lieutenant
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Now will close axis ace and only keep flipkart axis as it is ltf.

Generous Generous
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ICICI AZ Cc laughing in the corner...

Deal Subedar Deal Subedar
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Close all axis cards

Coupon Baba Coupon Baba
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@axisbank please do the needful

Deal Cadet Deal Cadet
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Myzone still has movie BOGO offer or not? If not I'll close this card.

Deal Newbie Deal Newbie
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Flipkart axis devalued from 1.5% to 1% , got mail today

Benevolent Benevolent
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2>1.5%>1%>0.5>Sorry this card is no longer valid o.O

Deal Cadet Deal Cadet
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With effect from 20th April 2024, the following change will be applicable on your AXIS

BANK FREECHARGE PLUS Credit Card:

1. Revision of cashback earned on utility services

No cashback will be provided on utility spends done on platforms other than the

Freecharge App.

Spends done on utility services that are not done on the Freecharge platform will not earn cashback.

Deal Cadet Deal Cadet
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My zone axis also devaluation Screenshot20240320-060809

Deal Cadet Deal Cadet
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Any card left which has 1.5% cashback and has annual fee of 500?

Deal's Advocate Deal's Advocate
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Check it out ->👇🏼

This is bound to happen

👆🏼

Who knows what future holds But for now credit card pandemic is gripping India


👳

Savings Mentor Savings Mentor
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Ab ye trash 589 dene ke layak nahin raha 🙅🏻‍♂😏 Axis Ass

Will close this before 2nd year, RuPay Platinum DC for the win for utility bills  @abhishek012

Benevolent Benevolent
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vo bhi kb tk chlega koi ni janta. agle month pta chlega
Deal Cadet Deal Cadet
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Airtel Axis and Flipkart Axis as well ❤️‍🩹 unamused🤦🏻

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