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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: | ||||||||||||||||||||||||||||||||||||||
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Cashback shall not be eligible for the following spends/transactions on the card: | ||||||||||||||||||||||||||||||||||||||
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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.
this was bound to happen with axis
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?
job4ram 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 all above services were withdrawn and from last year they started charging if MAB became less than 75% of required MAB of 2 lacs.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.
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...
--AJ-- wrote:Apply through axis app
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?
hemant.encore wrote:in that case, is it good to go with their burgundy or any other alternative? already have idfc wealth.
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.
Vikash_K wrote:Paytm SBI select card gives 2%, when insurance paid through paytm. Only caveat. 1500 annual fees.
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?
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
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?
Nice move by Axis bank, VU 👍🏼👍🏼
abhishek012 wrote:https://media.tenor.com/6vX7wyK69AIAAAAM/sabbir...Nice move by Axis bank, VU 👍🏼👍🏼
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.
paytm citi credit bank gives 3% on insurance payment , i think
Sevy wrote:did you do not do commercial usage?
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.
luciferous 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.
did you do not do commercial usage?
Sevy wrote: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?
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.
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.
sardasa wrote:no
NPS payment comes under insurance category?
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).

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.