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Axis ace drops insurance pay and gold purchases from cashback eligible list

Axis ace drops insurance pay and gold purchases from cashback eligible list

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Deal Cadet
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https://tprappin3.netcoresmartech.com/axisbankm...
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
Expired
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Deal Subedar Deal Subedar
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Insurance payment didn't have 5% cashback via google pay but 2% was applicable, now not even 2% will be applicable 😔. I think 2/3% is still applicable for Insurance payments on Amazon Pay ICICI CC for prime customers.

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What if we pay insurance premium through Amazon?
Deal Subedar Deal Subedar
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Insurance payment didn't have 5% cashback via google pay but 2% was applicable, now not even 2% will be applicable 😔. I think 2/3% is still applicable for Insurance payments on Amazon Pay ICICI CC for prime customers.

Deal Cadet Deal Cadet
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if they compromise on their USP then there is no meaning in introducing such cards. IDFC is better in that case as they excluded (still gold is there) them from the beginning itself...
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hemant.encore wrote:

Insurance payment didn't have 5% cashback via google pay but 2% was applicable, now not even 2% will be applicable 😔. I think 2/3% is still applicable for Insurance payments on Amazon Pay ICICI CC for prime customers.

insurance 2% not applicable for non-prime?

Deal Newbie Deal Newbie
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Link not working, kindly repost active link.
Deal Cadet Deal Cadet
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Any suggestions for card which gives cashback on gold purchase
Deal Subedar Deal Subedar
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job4ram wrote:
if they compromise on their USP then there is no meaning in introducing such cards. IDFC is better in that case as they excluded (still gold is there) them from the beginning itself...
They have done this with so many of their products that after the changes those products have become useless. Biggest example of this is their priority savings account, they used to give about Rs.10000 cashbacks for online shopping via debit card capped at Rs.2500 per quarter, also there was a dedicated priority desk in each Axis bank branch and cheque and cash collection at home service was available with this account. Within 1.5 yrs. all above services were withdrawn and from last year they started charging if MAB became less than 75% of required MAB of 2 lacs. This account has just become a joke. This is what Axis Bank does.
Deal Cadet Deal Cadet
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Sorry for off topic. Got Flipkart axis card last month, ace was showing in gpay at that time, but it is not showing now. How can i upgrade to ace?
Cool Cool
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--AJ-- wrote:
Sorry for off topic. Got Flipkart axis card last month, ace was showing in gpay at that time, but it is not showing now. How can i upgrade to ace?
Apply through axis app
Deal Cadet Deal Cadet
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hemant.encore wrote:
They have done this with so many of their products that after the changes those products have become useless. Biggest example of this is their priority savings account, they used to give about Rs.10000 cashbacks for online shopping via debit card capped at Rs.2500 per quarter, also there was a dedicated priority desk in each Axis bank branch and cheque and cash collection at home service was available with this account. Within 1.5 yrs. all above services were withdrawn and from last year they started charging if MAB became less than 75% of required MAB of 2 lacs. This account has just become a joke. This is what Axis Bank does.
in that case, is it good to go with their burgundy or any other alternative? already have idfc wealth.
Deal Subedar Deal Subedar
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Without insurance difficult to spend 2L annually. Now have to pay 590 card charges. I guess Amazon pay via Amazon pay ICICI and RBL Zomato on Birthday spend are viable insurance pay options. Please suggest any other methods or cards for insurance payment to get minimum 2% valueback?
Deal Subedar Deal Subedar
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Vikash_K wrote:
Without insurance difficult to spend 2L annually. Now have to pay 590 card charges. I guess Amazon pay via Amazon pay ICICI and RBL Zomato on Birthday spend are viable insurance pay options. Please suggest any other methods or cards for insurance payment to get minimum 2% valueback?
Paytm SBI select card gives 2%, when insurance paid through paytm. Only caveat. 1500 annual fees.
Deal Lieutenant Deal Lieutenant
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Vikash_K wrote:
Without insurance difficult to spend 2L annually. Now have to pay 590 card charges. I guess Amazon pay via Amazon pay ICICI and RBL Zomato on Birthday spend are viable insurance pay options. Please suggest any other methods or cards for insurance payment to get minimum 2% valueback?

Get Amazon gvs at 7-8% cashback by collecting upi send money coupn.. Buy them daily and use to pay insurance payments

Shopping Friend Shopping Friend
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maddydilip wrote:

Get Amazon gvs at 7-8% cashback by collecting upi send money coupn.. Buy them daily and use to pay insurance payments

This is based on coupon?

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Nice move by Axis bank, VU 👍🏼👍🏼

Deal Newbie Deal Newbie
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Amazon pay better
Deal Newbie Deal Newbie
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Off-topic:- any way to get no-cost emi on insurance payment. I was using policybazaar, but this year they will only provide no-cost emi if we renew for 2 or more years.

Deal Newbie Deal Newbie
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paytm citi credit bank gives 3% on insurance payment , i think 

Deal Subedar Deal Subedar
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Axis blocked my ace card on pretext of commercial use. I have filed arbitration case against axis on RBI web portal and awaiting outcome. I urge others also with forfeited cashback to file same against axis to stop dere dictatorship.
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Sevy wrote:
Axis blocked my ace card on pretext of commercial use. I have filed arbitration case against axis on RBI web portal and awaiting outcome. I urge others also with forfeited cashback to file same against axis to stop dere dictatorship.
did you do not do commercial usage?
Deal Subedar Deal Subedar
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luciferous wrote:
did you do not do commercial usage?
No to some extent. It can goes both ways. But they must specify max limit of cashback if they're having problem in paying that.
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Sevy wrote:
No to some extent. It can goes both ways. But they must specify max limit of cashback if they're having problem in paying that.
there is no limit to cahsback but any cc has no tolerance to commercial usage. If you do a repetitive similar transaction or buy things that seems like commercial then you should be blocked right? 
Deal Subedar Deal Subedar
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Even if they want to block off insurance premium payment category from cashback, their cashback calculation system won't be robust enough to differentiate insurance premium payments altogether. 

For instance, what if I paid insurance premium through third party portals like Amazon Pay, Paytm, PhonePe, etc. they won't be able to differentiate if the payment was for a insurance premium payment or some other category like bill payment, etc. 

Deal Subedar Deal Subedar
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NPS payment comes under insurance category?
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sardasa wrote:
NPS payment comes under insurance category?
no
Critic Critic
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Thunder766 wrote:

Even if they want to block off insurance premium payment category from cashback, their cashback calculation system won't be robust enough to differentiate insurance premium payments altogether. 

For instance, what if I paid insurance premium through third party portals like Amazon Pay, Paytm, PhonePe, etc. they won't be able to differentiate if the payment was for a insurance premium payment or some other category like bill payment, etc. 

All they need to do is contact amazon & work with them to differentiate between such txns, this is how sbi card started differentiating simplyclick amazon gv purchase on amazon(5x) from regular amazon shopping txns(10x).

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