Confirmed: Axis ACE: Cashback Removed on Gold & Insurance Payments

[Deleted member 2995]

Changes in Cashback Terms and Conditions

W.e.f. 15th September 2022, all the purchases (excluding returns and refunds) made by you using Axis Bank ACE Credit Card will be eligible for rewards as provided below:

Spends on Reward​ Bill payments (electricity, water, gas, LPG and broadband), DTH and mobile recharges through Google Pay 5% Cashback​ Swiggy, Zomato & Ola 4% Cashback​ All other merchants 2% Cashback​

Cashback shall not be eligible for the following spends/transactions on the card:

• Fuel Spends • EMI transactions • Purchases converted to EMI post facto • Wallet recharge • Cash advances • Rent Payment • Purchase of Gold/Jewelry items • Insurance premium payments • Payment of outstanding balances • Payment of card fees and other card charges

 

[ashwinkashwink is verified member.]

Changes in Cashback Terms and Conditions

W.e.f. 15th September 2022, all the purchases (excluding returns and refunds) made by you using Axis Bank ACE Credit Card will be eligible for rewards as provided below:

Spends on Reward​ Bill payments (electricity, water, gas, LPG and broadband), DTH and mobile recharges through Google Pay 5% Cashback​ Swiggy, Zomato & Ola 4% Cashback​ All other merchants 2% Cashback​

Cashback shall not be eligible for the following spends/transactions on the card:

• Fuel Spends • EMI transactions • Purchases converted to EMI post facto • Wallet recharge • Cash advances • Rent Payment • Purchase of Gold/Jewelry items • Insurance premium payments • Payment of outstanding balances • Payment of card fees and other card charges

Aajkal har taraha se sirf buri khabar hi mil raha hai🥲

 

[Deleted member 2995]

ye bhi economic recession ko predict kar rahe h..😉

 

[akshayhs]

Just wanted to share a conversation i overheard. Axis Bank is likely about to discontinue 2% cb on payments towards gold and insurance premium using ACE credit card. I went to encash a cheque and one of the branch staff was mentioning it to a customer. Couldn't find out when it'll be in force.

 

[CMGCMG is verified member.]

Not a rumour

https://www.axisbank.com/docs/default-source/default-document-library/axis-bank-ace-credit-card-tncs.pdf

W.e.f. September 15th, 2022, cashback shall not be eligible for payments made towards purchase of gold/jewelry items (MCC – 5944) and insurance premium payments (MCC – 6300).

 

[akshayhs]

Not a rumour

https://www.axisbank.com/docs/default-source/default-document-library/axis-bank-ace-credit-card-tncs.pdf

W.e.f. September 15th, 2022, cashback shall not be eligible for payments made towards purchase of gold/jewelry items (MCC – 5944) and insurance premium payments (MCC – 6300).

Thanks. I have updated title

 

[nitrogenSinghnitrogenSingh is verified member.]

Thanks. I have updated title

Updated the title for more clarity.

 

[007]

Changes in Cashback Terms and Conditions

W.e.f. 15th September 2022, all the purchases (excluding returns and refunds) made by you using Axis Bank ACE Credit Card will be eligible for rewards as provided below:

Spends on Reward​ Bill payments (electricity, water, gas, LPG and broadband), DTH and mobile recharges through Google Pay 5% Cashback​ Swiggy, Zomato & Ola 4% Cashback​ All other merchants 2% Cashback​

Cashback shall not be eligible for the following spends/transactions on the card:

• Fuel Spends • EMI transactions • Purchases converted to EMI post facto • Wallet recharge • Cash advances • Rent Payment • Purchase of Gold/Jewelry items • Insurance premium payments • Payment of outstanding balances • Payment of card fees and other card charges

Expected this to happen sooner or later, after all it's Axis! 🤷‍♂️
Just waiting for them to stop/reduce the 2% cb altogether! 🤣

 

[PavanPavan is verified member.]

 

[PavanPavan is verified member.]

I have more news even for flipkart axis it might be stopped soon 🙂 they should have kept insurance payments
Too much of bad new in 2022 starting from DCB to ACE 🙁

Only good news of 2022 in axis is Axis magnus 6.2% for 1 lakh spend 😛

 

[SC_23]

Axis never disappoints

 

[Alphabet]

can anyone tell me how to get Axis ACE.?
trying for a long time now, customer care said they have stopped issuing ACE.

 

[Batmanbaba]

can anyone tell me how to get Axis ACE.?
trying for a long time now, customer care said they have stopped issuing ACE.

Use gpay for all your transaction.... U will get pre approved in gpay in 3-4 months or less

 

[Rohith-2009]

I used axis ace in a jewelry shop in April 2023, I got 2% cash back. Will I get cashback now?

 

[sv004]

How to get ace card now. I had got offer on gpay but when i applied it says u already have existing relationship with axis contact customer care

 

[Rohith-2009]

How to get ace card now. I had got offer on gpay but when i applied it says u already have existing relationship with axis contact customer care

Do you have axis credit card