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Flipkart axis bank credit card canceled

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Wingman
Saqib143
http://www.axisbank.com...nc Your Axis Bank Credit Card no. XX***0 has been cancelled & cashback earned has been revoked due to non-personal use. Kindly pay any outstanding by the due date. For more details, call 18001035577. Please refer to the TnC at www.axisbank.com...nc

got this msg yesterday . i almost expected cashback of 26000 this month .but axis bank canceled my card 1 day before getting cashback .
cancellation is not my concern .but cashback is my concern
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Generous Generous
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26000 CB ???????? Looks like commercial use . 

Wingman Wingman
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@Santa.Sangre

it is not axis bank who provide cashback it is flipkart tied with axis bank who provide cashback .. and you say sweet sweet like that i have not invest 1 rs. i invested almost 6 lak rs and it is not only investment .u need to sell things worth 6 lak to peoples . and u r frasturated becoz u dont have such opportunity or your are not able to sell anything to peoples .. and remember if u can't sell anything u can't do anything

Deal Cadet Deal Cadet
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@Saqib143

Thanks for creating this thread. Atleast now the dimers know that the credit cards can't used for commercial purposes in the hope of cash back which will not only nullify the cb but also cancellation of cc. 

Knowledge is power. 👍🏼

Wingman Wingman
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@Santa.Sangre

it is not axis bank who provide cashback it is flipkart tied with axis bank who provide cashback .. and you say sweet sweet like that i have not invest 1 rs. i invested almost 6 lak rs and it is not only investment .u need to sell things worth 6 lak to peoples . and u r frasturated becoz u dont have such opportunity or your are not able to sell anything to peoples .. and remember if u can't sell anything u can't do anything

Deal Cadet Deal Cadet
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@Saqib143

You are saying that other person don't know how to sell anything. I think you are the one who don't know anything about selling as no person buys for 6200 & sells for 6100 just for cashback (as you said in 1 of your comment).

Second you are doing something which is legally wrong.

Third why should bank stop your transaction - this way you won't be punished. Axis did right thing not giving cashback because this is the only way to punish culprits like you. Punishing culprits is better than devaluing card for every one who uses it.

182 Comments  |  
98 Dimers
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Deal Cadet Deal Cadet
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26000 cash back! How it's possible? 

Generous Generous
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5 Lakhs Flipkart Shopping like iphones etc

Deal Newbie Deal Newbie
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assuming it was all diwali shopping on flipkart for 5% you spent 5lakh+ on this card. What did you buy?
If you have proof that all of it was personal use, mail with proof to bank. They can't cancel if this was for personal use.

Deal Newbie Deal Newbie
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Now it's cancelled ....no chance to restart ....only waste of time ....beddebts m daal do isko ab.......they check your last 6-7 months recored of CB......kha kha justify keroge yr isliye bhul jao ab usko

Benevolent Benevolent
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tm v 26000 minus karke pay kardo. 

Wingman Wingman
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bro flipkart canceled some of my orders 1 day before so i have excess credit amount in canceled card. know I m struggling to get that excess amount

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Generous Generous
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26000 CB ???????? Looks like commercial use . 

Deal Subedar Deal Subedar
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Safe limit of CB is 4000-5000 per month max. 

What were you thinking ordering 5L+ in 1 month. And 10L+ per year is reported in AIS also. How will you justify such huge spends?

Deal Cadet Deal Cadet
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AIS report not affected if you file itr4

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Generous Generous
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bro @Saqib143, pls be honest and tell us if you think bank is really at fault here given that commercial usage is not allowed?

Deal Captain Deal Captain
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Hum yaha ek saal me 26000 cb nai le paye, aur yaha inko dekho, ek month me gazab bhai sahab......

Deal Cadet Deal Cadet
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Mera shayad saal ke 26000 ke transaction bhi nahi hote 

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Finance Mentor Finance Mentor
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What you ordered.? Multiple mobile / iphone  order for  resale? 

Specialist Specialist
Moderator
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Over-speeding kills ,   restrict yourself or face consequences

so do over-spending

Generous Generous
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Cb kand sunao .. jhol hai matter me..aisa lag raha

Vanguard Vanguard
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Cashback itna kamao ki bank bhi dekhke chakra jaaye stuck_out_tongue_closed_eyes stuck_out_tongue_closed_eyesab ek hi baat dhyaan aa rhi : MOYE MOYE...MOYE MOYE..MOYE MOYE...MOYEEE MOOOYEE..

Pro Entertainer Pro Entertainer
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Ulta chor kotwal ko dante.😗

Hamari billi aur hamse myav🥹

Aapka pehla sentence aapke dusre sentence se match ni hota bhaisahb

Wingman Wingman
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bro u Don't actually understood the whole matter . i accept they blocked becoz of there tncs. but u they didn't blocked during doing all those transactions. becoz if they blocked that time i may not have such headache of buying and selling things

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Deal Newbie Deal Newbie
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reason why CCs get devalued 😄

Generous Generous
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Itni toh limit nhi hai kayiko ke

Helpful Helpful
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pay the bill and forget the card, apply again after 6 months and keep monthly cb in 5-7k range

Analyst Analyst
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Can't apply this card again from the same credentials.
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Deal Cadet Deal Cadet
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Looks like commercial use. After cancellation, his concern is cashback.

Plz Check TnC.

Bank shall have a right to run periodic checks on the Credit Card usage to identify whether unusual or excessive utilization at few select merchants, and/or usage towards non-personal, misuse of features/ offers/ programs towards accumulation of undue reward points/ cash back / other benefits amongst others.

Based on the usage patterns, if any of these is suspected by the Bank, Bank may take restrictive action on the Credit Card.

Wingman Wingman
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i accept that this was commercial use .but they could have canceled or blocked my card during doing transactions but they canceled few hours before getting cashback .. actually they let customers to do shopping .at the end they don't want to give cashback and also out cashback is very less portion of their own profits.. and also these products are not worth the price we pay for it . for example mobile phone say of 10 thousand is not actually worth to 10.thousand.

Deal Newbie Deal Newbie
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After reading couple of your comments, it seems you are more livid and frustrated mainly because Axis Bank cancelled your card one day before receiving that sweet sweet cashback! May be they did it deliberately to piss you off! Why not demand answer from the bank? 

Also your are wrong when you say that cashback is very less portion of their own profits, 5% monthly return (cashback) is a big deal. If it wasn't a big deal, then every credit card issuing bank would have been providing cashbacks. 

cashback is just a additional perk of having a credit card, do not treat it as additional income generation machine.! 

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Wingman Wingman
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every one is right here .but in nutshell we can say that they are thieves sitting on chair wearing pent suit

Deal Cadet Deal Cadet
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No.

They had already made clear that bank reserves the right to cancel the card at any point of time and nullify the cashback earned. Since you accepted the terms you are abide accept this decision

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Deal Subedar Deal Subedar
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Bhai kaunsa card deta hai itna cashback ?

Helpful Helpful
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cut 26000 pay rest

Helpful Helpful
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And his cibil will be so low after that that he won't be able to get another loan or card in future

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Super Stud Super Stud
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It will happen, don't get 5k+ cashback in a month for each credit card. Nothing can be done you're doomed now.

Sane goes for Amazon pay icici also.

Trailblazer Trailblazer
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Already Happened with me

My Cashback was 30,000

Deal Cadet Deal Cadet
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Well I also earn a lot of points from credit card . Bank says you should not use the card for commercial purpose . This statement is basically a warning that they can block your as per their will

now coming to will , axis bank is a master at that . How I use my card is honestly upto me as long as I am not defaulting .The bank is setting higher Goal points target so customers will surely try to find a way to achieve it.

Even if he has bought 100 phones in a month it should not bother axis bank as long as he has paid his due . Now whether he is selling or burning or using the phone after purchase is none of the bank’s business . Is the bank actually trying to find what he or she is doing with the purchase . If that is the case then bank is actually breaching privacy of client. You have given 500000 lac limit to this guy and you expect him not to use it .

someone referred him as chor as well . Now either that guy is an idiot or an ignorant . He has not done any chori , he has just used the limit of his credit card .

This points system is new to India , in Usa and Uk credit card points play a huge role in everyone ‘s life .But in India is oblivious Indian Banks are just to ready to handle this points pressure due to sheer population of India . 

Axis Bank with its Magnus Variant went crazy because people were able to generate 1200000 points in a matter of 2 years .

Axis should  have blocked / cancelled the transaction in his case . But they were smart . They allowed the transaction to go thru and then confiscated the points .

Indian are still not used to taking corporates to consumer count or else it will be difficult for Axis Bank to justify the entire situation .





Community Angel Community Angel
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What you are saying is so wrong in my opinion. A card is issued for personal expenses and that's it. If you knowingly use it excessively for commercial transaction you have to bear the brunt. No bank cancels cards even if you do a few transaction commercially. There are cards specifically meant for such transactions. Use them. 


I see a lot of people with the opinion that cashback/rewards are their birth right and they have to earn the maximum possible by hook or by crook. This should not be the case. Exploit a system which benefits common guys like me and you will either end up getting it closed and getting thrown out of it, like in this case. 


Go to a court when you yourself know you fault, especially financial transactions and see what happens. Bank's can screw you up when you are right, just imagine what they will do for such visible offenses. 


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Helpful Helpful
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Guys if you are blaming the person you are right , but ultimately he is the only one who will be paying the bill .. you guys will be agree with me in one point .. axis is very strict and devaluing the cards after few months of launch. 

Simple tarike se bole toh, 5L+ bill OP ko bharna hai, IT notifications risk bhi jhelna hai,  isme bank walon ka kya loss? bas chota mota cashback deke apna transactions high dikha denge...agar logically bhi socho 5L+ transaction ke saamne 26K kuch bhi nahi hai

Wingman Wingman
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and also if that was matter ,. they should have made some limit for earning cashback for example 10 thousand or 5 thousand .. even they are not clear abt there tncs .. they just take opportunity to loot customers .

Deal Newbie Deal Newbie
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Go and complain at https://www.rbi.org.in/Scripts/Complaint...px 
and also consumer court.  The bank has to prove you have used the card for commercial purposes, they cannot stop your cashback earned if you have a valid limit. 
What they were waiting for, let you spend and then when it was time to give cashback raise their hands, don't spare them. This is not about you but everyone buys something more or less going out for personal use, so it can happen to anyone.

Wingman Wingman
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u r ryt. i wil do every possible thing .against them ,thankyu

View 8 more replies
Helpful Helpful
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OP Bhai ne to cashback ki mother sister daughter wife ek krdi joy

Deal Subedar Deal Subedar
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Flipkart Axis Bank Credit Card says it provides you 5% unlimited cashback... But unko pta nhi tha koi unki iss marketing title ko itna serious lelega ki unki 5% dene mai bhi fatne lagegi joy🤝

Helpful Helpful
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They blocked my flipkart account when i was about to reach 100 coins(valued at 1000rs at that time).I had 11000 rs in flipkart gift cards linked to that account at that time(purchased from magicpin).decided to file a complaint in consumer court,but after talking to one guy who filed a case against icici decided against it.He told me it took 7+ years of running around courts to get the amount.Due to cards being purchased from third party(magicpin) ,he told me they will both pass the case between them and waste the time

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