Hotness Axis Priority DC Redemption restricted to EDGE ...

Hot Deal Axis Priority DC Redemption restricted to EDGE points

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hey, just received a SMS from Axis Bank :

W.e.f. 1st Oct’19, 10% cashback on online spends of Axis Bank Priority Debit Card can be redeemed only for EDGE REWARD points. T&C apply.

This is SAD news. Now, will have to unnecessarily spend points on vouchers. Cash redemption option was best.

92 Comments  |  
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I’ll convert it to a normal acc

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SO Instead of 2500 INR we get 2500 Amz GV per quarter. Not bad.

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cm4444 wrote:

SO Instead of 2500 INR we get 2500 Amz GV per quarter. Not bad.

Yes, but notional value is reduced now.

Many people buy Amazon GC at discount, load money during promotions or use SmartBuy for 10x rewards so Amazon gift card redemption is kinda loss.

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arunrush680 wrote:

I’ll convert it to a normal acc

While the value is reduced, it will still come out as 7-8% cashback .. not too bad to keep the account..

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indiansoul wrote:

While the value is reduced, it will still come out as 7-8% cashback .. not too bad to keep the account..

Maintaining 2L MAB is a deal breaker.. Even if you keep this amount in FD, you will get around 15k interest, here you will get 10k amazon voucher and 7k interest.. So gain is only 2k az voucher that too on spending 1 lakh

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Rahil42 wrote:

Maintaining 2L MAB is a deal breaker.. Even if you keep this amount in FD, you will get around 15k interest, here you will get 10k amazon voucher and 7k interest.. So gain is only 2k az voucher that too on spending 1 lakh

Good analysis but you will also have to consider IT to be paid on the interest. That reduces return on FD to any where between 10k to 13.5k depending on tax bracket.

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@indiansoul @A2Zdeals
I got the same notification that the cashback can only be redeemed as Edge points, but while I was trying to redeem the rewards for current quarter (Oct to Dec 2019), I’m able to see the option to get 2500/- in my account

https://imgur.com/a/a...lW

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cm4444 wrote:

@indiansoul @A2Zdeals
I got the same notification that the cashback can only be redeemed as Edge points, but while I was trying to redeem the rewards for current quarter (Oct to Dec 2019), I’m able to see the option to get 2500/- in my account

https://imgur.com/a/a...lW

Claim it & see if you’ll get cash, I haven’t spent this month as I spent a lot during Flipkart Sale.

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arunrush680 wrote:

Claim it & see if you’ll get cash, I haven’t spent this month as I spent a lot during Flipkart Sale.

Claimed.

Great Choice
Your cash back request has been taken and 2,500.00 cash back will be credited your savings account in 7 Working days.
Keep using Your Priority Platinum Debit Card* for your Online purchases and
you can be eligible for rewards next quarter as well.

Will update if I get money in the account. I hope they credit either money or points quickly and I dont have to keep on writing mails for same.

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cm4444 wrote:

Claimed.

Great Choice
Your cash back request has been taken and 2,500.00 cash back will be credited your savings account in 7 Working days.
Keep using Your Priority Platinum Debit Card* for your Online purchases and
you can be eligible for rewards next quarter as well.

Will update if I get money in the account. I hope they credit either money or points quickly and I dont have to keep on writing mails for same.

Usually takes a few days.

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cm4444 wrote:

@indiansoul @A2Zdeals
I got the same notification that the cashback can only be redeemed as Edge points, but while I was trying to redeem the rewards for current quarter (Oct to Dec 2019), I’m able to see the option to get 2500/- in my account

https://imgur.com/a/a...lW

Thanks. Even though I have spend the required 25k, I am not seeing the option for redemption. I have logged a ticket with Axis Bank and escalate it. Hope it resolves soon.

BTW, did you spend on cred or somewhere else ?? All mine were on cred.

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Approx 30k on cred, 20k on flipkart

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cm4444 wrote:

Approx 30k on cred, 20k on flipkart

This is very useful. plus1 plus1

So your cred spends are getting counted as you got option for redemption of 2500 and not just 2000.

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anyone received 2500 cb or 12500 edge points for this quarter . 10 days completed still nothing came for me

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TEMPER wrote:

anyone received 2500 cb or 12500 edge points for this quarter . 10 days completed still nothing came for me

You have to “redeem” it. It does not get added automatically.

After you login, on the right hand side, you should see an option to “claim” rewards. Once you do that, I will be added in 4-5 days.

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indiansoul wrote:

You have to “redeem” it. It does not get added automatically.

After you login, on the right hand side, you should see an option to “claim” rewards. Once you do that, I will be added in 4-5 days.

i already done same process . still not received anything , my question is anyone received in this month

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TEMPER wrote:

i already done same process . still not received anything , my question is anyone received in this month

Did you get the option only for eDGE rewards or did you see cash option as well ?

@cm4444 have you received your cashback ?

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indiansoul wrote:

Did you get the option only for eDGE rewards or did you see cash option as well ?

@cm4444 have you received your cashback ?

cash back option came, so i selected cb

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indiansoul wrote:

Did you get the option only for eDGE rewards or did you see cash option as well ?

@cm4444 have you received your cashback ?

no

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Deal Subedar
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Let me know if u receive cb bro.. I vl do same

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I received the option for redemption today as my spends from 1st Oct finally got counted and choose cash for redemption.
Let’s hope for best.

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indiansoul wrote:

I received the option for redemption today as my spends from 1st Oct finally got counted and choose cash for redemption.
Let’s hope for best.

Rcvd this SMS today
“W.e.f 1st Oct’19, 10% cashback offer on online spends of Axis Bank Debit Card has changed & you will receive equivalent eDGE REWARD points. T&C* bit.ly/2nMG1dV”

Already claimed CB – chose CASH option instead of eDGE rewards
So we will get only points – NO cash

:::my Points not yet credited

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caks2006407 wrote:

Rcvd this SMS today
“W.e.f 1st Oct’19, 10% cashback offer on online spends of Axis Bank Debit Card has changed & you will receive equivalent eDGE REWARD points. T&C* bit.ly/2nMG1dV”

Already claimed CB – chose CASH option instead of eDGE rewards
So we will get only points

Didn’t understood your last point. Have you already redeemed using cash option and yet still received points ??

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TEMPER wrote:

anyone received 2500 cb or 12500 edge points for this quarter . 10 days completed still nothing came for me

Any updates ? Have you tried contacting customer service or your RM ?

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indiansoul wrote:

Any updates ? Have you tried contacting customer service or your RM ?

no, i am not maintaining 2l balance in that account from two months.. if i ask them reg this cb they might say the same reason biggrin

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TEMPER wrote:

no, i am not maintaining 2l balance in that account from two months.. if i ask them reg this cb they might say the same reason biggrin

They may charge you non-maintaiace fees but cannot deny the cashback unless your account was downgraded automatically. since you got option for redemption, I don’t think that it was downgraded.

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indiansoul wrote:

They may charge you non-maintaiace fees but cannot deny the cashback unless your account was downgraded automatically. since you got option for redemption, I don’t think that it was downgraded.

then no one got cashback/reward points for this quarter i guess

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Deal Subedar
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received 125000 edge points today

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TEMPER wrote:

received 125000 edge points today

But I received only 12,500 points(today) cry
@indiansoul

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