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Axis Ace one more restriction

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LightYagami

Dear Customer,

We hope that you are enjoying the many benefits of your ACE Credit Card. While you continue to make the most of your card, we would like to update you regarding a change to the product features on your Credit Card, with effect from 1st September 2023:

Payments made towards government services shall not be eligible for cashback. 

https://www.axisbank.com/docs/default-source/de...

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24 Comments  |  
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Generous Generous
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Almost all offers for Utilities gone. 

Deal Lieutenant Deal Lieutenant
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5% upto 500 is there in Ace for bill payment.

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Generous Generous
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Link ?

Deal Subedar Deal Subedar
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Does electricity and gas booking comes under government services?

Benevolent Benevolent
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nope they earn 5% as mentioned in the tnc of the post.
Finance Mentor Finance Mentor
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So no more 2% on NPS / Advance taxes on Axis Ace. Final nail in the coffin.

Finance Ninja Finance Ninja
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Axis Ace credit card holders use Snapay app, charge just 1.18% and get Flat 2% unlimited cashback and transfer to bank. Snapay transaction count under Utility billpay.

More details about Snapay app - https://www.desidime.com/discussions/snapay-cre...

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Helpful Helpful
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Not at all surprising. I was expecting this to happen before 31-Jul.

Benevolent Benevolent
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1. Exclusion of payments made towards Government Services from cashback eligibility:

• Payments made towards government services (MCCs - 9399) will not be eligible for cashback

• Cashback shall not be eligible on fuel spends, EMI transactions, purchases converted to EMI post

facto, wallet loading transactions, cash advances, rental payment, purchase of gold/jewellery items,

insurance premium payments, payment of outstanding balances, payment of card fees and other

card charges

• The following MCCs have been excluded from cashback eligibility: 5541, 5542, 5944, 5983, 6011,

6012, 6051, 6300, 6381, 5960, 6513, 6540, 8299, 8211, 8241, 8244, 8249

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All right,it seems time has come to stop eyeing Ace. 😏

Deal Subedar Deal Subedar
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They mentioned all exluded categories once again but forgot to mention 'Educational services'

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Finance Mentor Finance Mentor
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Oh, wow...

Devaluation se aazadi nahin milega aazadi ke mahine pe...

Benevolent Benevolent
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If things don't change customers will start seeking Azaadi from Ax$h!t bank's bullying and bizarre internal policies. sweat_smile

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Spearhead Spearhead
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50k insurance payment is there.does axis ace give cb for this?

replyuser
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