How to negotiate with axis for annual fee reversal of ace card

[s1t2y3a3m6]

Annual spend didn't reach 2lakh so any procedure like SBI card for annual fee reversal?

When I told to cc they denied direct on call.

When I placed closer request, their retention team directly proceeded for card closer.

So I want to know how to reverse annual fee ? Is their any procedure to follow? Or how to negotiate for same?

 

[techt]

When I placed closer request, their retention team directly proceeded for card closer.

Means they closed your card 💳?

@D₹V @DocFixIt

 

[Calm Radiance]

If you think you can't extract value of more than 590 INR (annual fee) using this card, it's better to close this card and take a card which can give you good return.
We must give bank business too; how will bank sustain giving cashback/ points if each customer states they want LTF card or annual fee reversal.

Also,
it was discussed before as well Axis Ace card can't be LTF, kindly use search feature instead of creating new thread unnecessarily.

 

[praful47]

Annual spend didn't reach 2lakh so any procedure like SBI card for annual fee reversal?

When I told to cc they denied direct on call.

When I placed closer request, their retention team directly proceeded for card closer.

So I want to know how to reverse annual fee ? Is their any procedure to follow? Or how to negotiate for same?

Axis has got to know their customers tricks

 

[s1t2y3a3m6]

If you think you can't extract value of more than 590 INR (annual fee) using this card, it's better to close this card and take a card which can give you good return.
We must give bank business too; how will bank sustain giving cashback/ points if each customer states they want LTF card or annual fee reversal.

Also,
it was discussed before as well Axis Ace card can't be LTF, kindly use search feature instead of creating new thread unnecessarily.

Yes, this is what needs to be done now. Even if we extract 590 no benifit until someone made a huge offline purchase and atleast made a cashback of 1k or more. Apay look more relevant in LTF and SBI cashback, Airtel in paid version.

I know ace couldn't be LTF, I asked suggestions for fee reversal which was possible in past for many users.

 

[Pack_of_Cards]

Yes, this is what to be done now. Even if we extract 590 no benifit until someone made a huge offline purchase and atleast made a cashback of 1k or more. Apay look more relevant in LTF and SBI cashback, Airtel in paid version.

Yes merely break-even with joining fees clearly implies you don't need this card, just use others where you are able to gain something, close card and move on

 

[er.jaisingh]

You can only bargain for what you didnot want..

 

[Sahil_07]

Yes, this is what needs to be done now. Even if we extract 590 no benifit until someone made a huge offline purchase and atleast made a cashback of 1k or more. Apay look more relevant in LTF and SBI cashback, Airtel in paid version.

I know ace couldn't be LTF, I asked suggestions for fee reversal which was possible in past for many users.

why dont you pay bills from gpay? electricity+gas+mobile recharge easily one can earn 4/5 x of renewal charges

 

[techwicky]

I got the annual fee reversal last month after a few emails to Nodal officer stating my Axis salary relationship and continued card usage for last 2 years.
I had approx 1,90,000/- spend on Ace but initially they denied any fee reversal. I then mailed again saying that I have other axis cards too like Flipkart axis and placed a request for LTF conversion of it and told them that I will close Flipkart axis otherwise because it too has 590/- annual fee. Then I got a call from their nodal team who offered me to keep my Flipkart axis intact and in return they offered me annual fee waiver in my Axis ace which I accepted.
Then I closed my Flipkart axis as i was determined not to keep it😂

 

[KarthikPurams]

I tried to close the Flipkart Axis card and negotiated with retention team and got 5000 edge rewards in return. I've a previlige card and converted them into 2500 multibrand voucher and closed the Flipkart card eventually 😁

 

[techt]

I tried to close the Flipkart Axis card and negotiated with retention team and got 5000 edge rewards in return. I've a previlige card and converted them into 2500 multibrand voucher and closed the Flipkart card eventually 😁

What were your spends of flipkart axis ?

 

[KarthikPurams]

What were your spends of flipkart axis ?

Not even 10% of the required annual fee waiver. I do have Ace, which is use a lot.

 

[MangoRush]

Another example of getting cards first and then figuring out spends.
Unless you have expenses that can cover fee waiver and also get you some profit, don't get the cards.

 

[techt]

Another example of getting cards first and then figuring out spends.
Unless you have expenses that can cover fee waiver and also get you some profit, don't get the cards.

aamras toffee 🍫 to Aam 🥭 rush, we have come a long way.

 

[sxchzy]

Annual spend didn't reach 2lakh so any procedure like SBI card for annual fee reversal?

When I told to cc they denied direct on call.

When I placed closer request, their retention team directly proceeded for card closer.

So I want to know how to reverse annual fee ? Is their any procedure to follow? Or how to negotiate for same?

if you cant recoup your fees on spends made by this card
ask yourself is this card made for you

 

[Lobogris]

If you have to worry about Rs500 per year, then no credit card is good for you. This mindset where people want everything but don't want to pay anything at all is wrong. Rs500 os a very nominal fee for providing you a credit card.

 

[Lobogris]

I got the annual fee reversal last month after a few emails to Nodal officer stating my Axis salary relationship and continued card usage for last 2 years.
I had approx 1,90,000/- spend on Ace but initially they denied any fee reversal. I then mailed again saying that I have other axis cards too like Flipkart axis and placed a request for LTF conversion of it and told them that I will close Flipkart axis otherwise because it too has 590/- annual fee. Then I got a call from their nodal team who offered me to keep my Flipkart axis intact and in return they offered me annual fee waiver in my Axis ace which I accepted.
Then I closed my Flipkart axis as i was determined not to keep it😂

Is all this effort worth it for Rs 500? You could have easily spent 10k more on it.

 

[MangoRush]

If you have to worry about Rs500 per year, then no credit card is good for you. This mindset where people want everything but don't want to pay anything at all is wrong. Rs500 os a very nominal fee for providing you a credit card.

especially no-nonsense 2% credit to statement

 

[sxchzy]

there is a very thin line between being frugal and a miser
the line seems to keep getting thinner day by day

 

[Eden Hazard]

Axis has got to know their customers tricks

Axis has become bad compared to the competition. I have been using axis cards for 10 years now but moved most of my expenses to other cards after the devaluations. I'm going to close Magnus and Ace before renewal date. Only Airtel Axis card is good.