Flipkart Axis Credit Cards are getting cancelled due to commercial usage
Not mine
Your Flipkart Axis Bank Credit Card no. XXXX has been cancelled & cashback earned has been revoked due to commercial use. Kindly pay any outstanding by the due date. Refer T&C Axbk.in/X0Adf8nKWwK
RSHARMA966 wrote:Card cancellation is not the part to be worried but cashback revoke part.
So are they asking to payback all the reward benefits/cashback?
Anyone can answer this
guest_999 wrote:This is the basic line in all credit cards T&C:
The Card may be used only for bona fide personal or official purchase of goods and / or services. You shall not use the Card to purchase anything to resell for commercial or business purpose, to derive any financial gains.
Guest 
guest_999 wrote:This is the basic line in all credit cards T&C:
The Card may be used only for bona fide personal or official purchase of goods and / or services. You shall not use the Card to purchase anything to resell for commercial or business purpose, to derive any financial gains.
No, but I didn’t use it to buy and resell stuff.
Look, they said 5% for Flipkart,myntra and 1.5% for rest
And in all rent payment sites, we are asked to pay using amazon icici or Flipkart axis card, its promoted
All i did was that, how is that commercial use? Even I paid all my dues
if credit card is cancelled by issuing company or bank then how does it impact credit score? @getready @andromeda @MrKool_JJ @bikidas2060 @raman12 @tappukepapa
narutozmk172240 wrote:No, but I didn’t use it to buy and resell stuff.
Look, they said 5% for Flipkart,myntra and 1.5% for rest
And in all rent payment sites, we are asked to pay using amazon icici or Flipkart axis card, its promoted
All i did was that, how is that commercial use? Even I paid all my dues
How much you spend & pay rent anyway? You are supposed to pay genuine rent not rotate money on rent payment sites which is violation of card’s T&C(aka using false info/misinformation to derive financial gains from the card).
kukdookoo wrote:if credit card is cancelled by issuing company or bank then how does it impact credit score? @getready @andromeda @MrKool_JJ @bikidas2060 @raman12 @tappukepapa
Kitni baar batana padega ki main credit cards use nahi karta. 
Phir bhi log mujhe credit cards ki post mein tag kar dete hain 
But still, u have a very good question. Can any gentleman here answer this query? 
kukdookoo wrote:if credit card is cancelled by issuing company or bank then how does it impact credit score? @getready @andromeda @MrKool_JJ @bikidas2060 @raman12 @tappukepapa
Nothing much I think(assuming all dues cleared) except that you will likely not be able to get another credit card from same bank in the foreseeable future under that pan for which card was cancelled.
tappukepapa wrote:Kitni baar batana padega ki main credit cards use nahi karta.
Phir bhi log mujhe credit cards ki post mein tag kar dete hain
But still, u have a very good question. Can any gentleman here answer this query?
Kitni baar batana padega ki main credit cards use nahi karta.
gada electronics par Mata Rani ka haath ha. har mahine 4 peti aati ha.
kukdookoo wrote:if credit card is cancelled by issuing company or bank then how does it impact credit score? @getready @andromeda @MrKool_JJ @bikidas2060 @raman12 @tappukepapa
kukdookoo wrote:if credit card is cancelled by issuing company or bank then how does it impact credit score? @getready @andromeda @MrKool_JJ @bikidas2060 @raman12 @tappukepapa
Zero Impact!
This is nothing different compared to card cancellations requested by the users (unless its a very old card, there won’t be any change w.r.t credit history)
tappukepapa wrote:Kitni baar batana padega ki main credit cards use nahi karta.
Phir bhi log mujhe credit cards ki post mein tag kar dete hain
But still, u have a very good question. Can any gentleman here answer this query?
Since you asked some gentleman to answer, I’m compelled to reply with what I know 
Second, if the closing companies makes any remarks on closing, like settled, default account or written off etc. it will have more impact, it hits score and it gets a bit tough getting new credit unless you have a good score.
When it comes to cibil it is a bit of mystery, so no one can say anything for sure.
guest_999 wrote:How much you spend & pay rent anyway? You are supposed to pay genuine rent not rotate money on rent payment sites which is violation of card’s T&C(aka using false info/misinformation to derive financial gains from the card).
But I was just using site offers, nobroker and paytm. Multiple times 😭
I mean i am paying them charge too
kukdookoo wrote:if credit card is cancelled by issuing company or bank then how does it impact credit score? @getready @andromeda @MrKool_JJ @bikidas2060 @raman12 @tappukepapa
No idea 22g
Neversaynever wrote:Since you asked some gentleman to answer, I’m compelled to reply with what I know
There are few things, first closing a card will decrease your available total credit which cibil doesn’t like, moreover since total credit is decreased, utilisation of credit percent raises that may hit a few points.Second, if the closing companies makes any remarks on closing, like settled, default account or written off etc. it will have more impact, it hits score and it gets a bit tough getting new credit unless you have a good score.
When it comes to cibil it is a bit of mystery, so no one can say anything for sure.
There are few things, first closing a card will decrease your available total credit which cibil doesn’t like, moreover since total credit is decreased, utilisation of credit percent raises that may hit a few points.
sirg please explain this.
kukdookoo wrote:There are few things, first closing a card will decrease your available total credit which cibil doesn’t like, moreover since total credit is decreased, utilisation of credit percent raises that may hit a few points.
sirg please explain this.
Assume you have 3 cards worth 5 lakhs bro, you made a total bill of 1 lakh on all together. So your credit utilisation is 1 lakh out of 5 lakhs. Which is 20%.
Now suddenly if a 2 lakh limit card is closed by bank, your bill will be 1 lakh out of 3 lakh you now have as total limit, so 33.3%. credit utilisation has suddenly raised which may hit some points off cibil.
narutozmk172240 wrote:But I was just using site offers, nobroker and paytm. Multiple times 😭
I mean i am paying them charge too
Did you recieve such communication from Axis?
What was your average annual spend and card limit?
narutozmk172240 wrote:But I was just using site offers, nobroker and paytm. Multiple times 😭
I mean i am paying them charge too
Doesn’t matter. Card is of axis bank & what their T&C is the most important factor.
RSHARMA966 wrote:Anyone can answer this
Outstanding cashback/rewards
I_am_MrPerfect wrote:Your Axis Bank ACE Credit Card no. XX0**3 has been cancelled & cashback earned has been revoked due to commercial use. Kindly pay any outstanding by the due date. Refer T&C – Axbk.in/Xdntsn9V8Ej
Your Flipkart Axis Bank Credit Card no. XX***4 has been cancelled & cashback earned has been revoked due to commercial use. Kindly pay any outstanding by the due date. Refer T&C Axbk.in/X0Adf8nKWwK
Your Flipkart Axis Bank Credit Card no. XX***7 has been cancelled & cashback earned has been revoked due to commercial use. Kindly pay any outstanding by the due date. Refer T&C Axbk.in/X0Adf8nKWwKpeople started getting msgs !
They closed all ur axis cc at once ?
RSHARMA966 wrote:Card cancellation is not the part to be worried but cashback revoke part.
So are they asking to payback all the reward benefits/cashback?
Kaahe heart attack de rahe ho logon ko.. this is not tax department. At max they may revoke all cash back for the last statement prior to their blocking the card, that’s it. 
phoenix1386 wrote:Kaahe heart attack de rahe ho logon ko.. this is not tax department. At max they may revoke all cash back for the last statement prior to their blocking the card, that’s it.
yes, Outstanding cashback only
Did someone get Same axis card again after getting cancelled??
amazon pay icic card flipkart axis cards having same issues..
if you use them too much in a month and earn more cashback than your aukat they'll block your card permanently and they call it commerical usage because some people doing mobile trading online and phones become more cheaper with these cards than usual ones..
Give me suggestion what I do
