Considering to discontinue Axis ACE CC, Should I?

244°
Deal Cadet
samm255

Hello Dimers,

I’ve Axis Flipkart LTF card and ACE paid card and I am considering to close my ACE card as I no longer see any real benefit since I already have Axis FK LTF. My monthly electricity bill is around 5 to 6k and I spent around 1lakh until now since April 2021, it was FYF and renewal charges will be levied in April. I’ve HDFC platinum DC which I am thinking to upgrade to Millennia DC to get 10% cb through Amazon GV for bill payments. I’ve heard Axis is not issuing this card to new customer easily now so I am confused whether I should continue this card or not? I don’t do any money rotation so please gimme your suggestion guys?

TIA.

Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
34 Comments  |  
14 Dimers
  • Sort By
Chennai Super Kings Chennai Super Kings
Link Copied

As per the above details, ur not much spending on the Ace Card.

If ur spending is less than 2L better switch to some other card or downgrade it to other card having less spend waiver and having good rewards for Bills and payments (for ur Electricity bills).

Axis freecharge gives 5% CB on all spends thru Freechare app and waiver on 50000 per year. By joining u will get rs.700 worth voucher against 350+gst joining fees.

Pro Shopping Friend Pro Shopping Friend
Link Copied

Don’t close ACE, its best card for as of now esp after HDFC devalued rewards


Deal Cadet Deal Cadet
Link Copied

@Scorpion bro I am not interested in freecharge card as I have Axis Neo LTF card which also gives 5% cb on bill payments. FK Axis covers of the Ace features and is LTF.

Deal Cadet Deal Cadet
Link Copied
caks2006407 wrote:

Don’t close ACE, its best card for as of now esp after HDFC devalued rewards


Yes I am aware but it is paid card while FK Axis is LTF and difference is 0.5%.

Deal Subedar Deal Subedar
Link Copied

Pay bills for whole community and earn 3/2% percent ….

Chennai Super Kings Chennai Super Kings
Link Copied
samm255 wrote:

@Scorpion bro I am not interested in freecharge card as I have Axis Neo LTF card which also gives 5% cb on bill payments. FK Axis covers of the Ace features and is LTF.

Then i would suggest the best option is to close ACE, considering the cards u hold and the spending pattern.

Sunrisers Hyderabad Sunrisers Hyderabad
Link Copied

But HDFC dc has cb limit of rs400 per month right?

Deal Cadet Deal Cadet
Link Copied
Expand
Scorpion wrote:

Then i would suggest the best option is to close ACE, considering the cards u hold and the spending pattern.

Yeah that is what I am thinking. I will ask them to convert it to LTF if they agree however I have very high doubt they will do that as this is Axis Bank.

Deal Cadet Deal Cadet
Link Copied
neehesh wrote:

But HDFC dc has cb limit of rs400 per month right?

Yes correct but that is more than enough for people like me. In case of CC bill more than 40k I can split spend in two months for that.

Deal Cadet Deal Cadet
Link Copied

“Millennia DC to get 10% cb through Amazon GV for bill payments”
Could you explain how this works? I thought 5% Millennia rewards +5% SmartBuy cashback is only valid for Amazon orders which excludes not Bill payments, Gift cards etc

Deal Cadet Deal Cadet
Link Copied
MrMonkey wrote:

“Millennia DC to get 10% cb through Amazon GV for bill payments”
Could you explain how this works? I thought 5% Millennia rewards +5% SmartBuy cashback is only valid for Amazon orders which excludes not Bill payments, Gift cards etc

You buy 8000 amazon instant voucher through smartbuy on gyftr website which will give you 400+400 cb and pay your electricity bill etc through Amazon pay balance. You won’t get 10% cb if you directly pay bill on Amazon though DC

Deal Cadet Deal Cadet
Link Copied
Expand
samm255 wrote:

You buy 8000 amazon instant voucher through smartbuy on gyftr website which will give you 400+400 cb and pay your electricity bill etc through Amazon pay balance. You won’t get 10% cb if you directly pay bill on Amazon though DC

But shouldn’t it be 5% Smartbuy + 2.5% card reward = 7.5%, means ₹600 for ₹8000 amazon instant voucher?

Deal Cadet Deal Cadet
Link Copied
Expand
MrMonkey wrote:

But shouldn’t it be 5% Smartbuy + 2.5% card reward = 7.5%, means ₹600 for ₹8000 amazon instant voucher?

Its 5% Smartbuy and 5% card rewards if you do transaction via smartbuy. You will get 2.5% if you direct do transaction on Amazon/Flipkart.

Deal Newbie Deal Newbie
Link Copied
Expand
samm255 wrote:

Its 5% Smartbuy and 5% card rewards if you do transaction via smartbuy. You will get 2.5% if you direct do transaction on Amazon/Flipkart.

when will the smartbuy and card rewards get tracked respectively? The card CB gets credited usually in 60-90 days for me, for wallet reloads 

Deal Subedar Deal Subedar
Link Copied

Ace shines for 2 reasons 

No min amt to get CB

Rounding , this part everyone overlooks  (If CB is 100.6 > For FK you will get 100 for Ace you will get 101) It adds up over time 

Deal Subedar Deal Subedar
Link Copied

.

Deal Subedar Deal Subedar
Link Copied
samm255 wrote:

@Scorpion bro I am not interested in freecharge card as I have Axis Neo LTF card which also gives 5% cb on bill payments. FK Axis covers of the Ace features and is LTF.

Can you tell where you are getting 5% for Neo card.

Deal Subedar Deal Subedar
Link Copied
EkdamSastaRaju wrote:

Ace shines for 2 reasons 

No min amt to get CB

Rounding , this part everyone overlooks  (If CB is 100.6 > For FK you will get 100 for Ace you will get 101) It adds up over time 

Whether Rs.50 transaction gets Rs.1 cashback ?

Deal Cadet Deal Cadet
Link Copied
Expand
freddyspops wrote:

when will the smartbuy and card rewards get tracked respectively? The card CB gets credited usually in 60-90 days for me, for wallet reloads 

It’s within 90 days as per t&c

Deal Cadet Deal Cadet
Link Copied
EkdamSastaRaju wrote:

Ace shines for 2 reasons 

No min amt to get CB

Rounding , this part everyone overlooks  (If CB is 100.6 > For FK you will get 100 for Ace you will get 101) It adds up over time 

FK Axis also don’t require min amount for cb I guess?

Deal Cadet Deal Cadet
Link Copied
Expand
sri222 wrote:

Whether Rs.50 transaction gets Rs.1 cashback ?

Yes that is correct, I did Rs. 25 recharge though gpay and got cb.

Deal Subedar Deal Subedar
Link Copied
Expand
samm255 wrote:

FK Axis also don’t require min amount for cb I guess?

Cashback not applicable on transactions less than Rs.100

Deal Subedar Deal Subedar
Link Copied
Expand
sri222 wrote:

Whether Rs.50 transaction gets Rs.1 cashback ?

Yes even if you do 30 you will get 1 CB 

Deal Subedar Deal Subedar
Link Copied
Expand
samm255 wrote:

FK Axis also don’t require min amount for cb I guess?

min 100

replyuser
Click here to reply
Reply