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Received A SMS From Axis Bank, ACE Credit Card no. XXXX Has Been Cancelled

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Deal Cadet
Samen

I received the following SMS for Axis bank credit cards 

"Your Axis Bank ACE 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 XXXX has been cancelled & cashback earned has been revoked due to commercial use.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"

Anybody got this message? 

Pls suggest

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Benevolent Benevolent
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Looks like they caught you abusing the card like hell for cashback! Pure gaav ka recharge aur billpay karte the kya ?

Deal Subedar Deal Subedar
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stop using card for commercial purposes...all these people ordering mobile phones in bulk and doing recharges...ruining the card for people with normal usage...

abusing rent pay as well..

getting all the cards devalued...

Deal Cadet Deal Cadet
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What was your usage pattern in the last three months which compelled axis bank to take this decision ?

please share with your current limit and amount/cashback earned each month ..

Deal Cadet Deal Cadet
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My limit 1.29 lakhs, my monthly usage around 3 lakhs, monthly i got arround 6k.
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Helpful Helpful
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Most likely you rotated the money for cashback. If you want to rotate the money make sure it is only to reverse the annual charge of the cc

Deal Subedar Deal Subedar
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rotated the money for cashback

Please elaborate 

Benevolent Benevolent
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CB of around 10K per month or spends exceeding original card limit for 1 or 2 months leads to blocking

- based on observation

Deal Newbie Deal Newbie
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Will they block my card if I spend more than my credit limit by resetting the limit by pre paying the outstanding balance too?

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Deal Cadet Deal Cadet
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My Ace card got approved on 3 rd sep
Today got dispatched mail.https://cdn0.desidime.com/attachments/photos/802333/medium/IMG-20220906-WA00001.jpg?1662477949
Deal Cadet Deal Cadet
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How did you applied? Are they still accepting Ace card application?
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Finance Mentor Finance Mentor
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Ab ED CBI peeche ghumega, Axis ne to peecha chura liya khud hi...

Deal Cadet Deal Cadet
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https://tenor.com/bdCz4.gif

Yaar logo ne to aate chaki ka business bana rakha hai, isliye har 8 mahine me devalue ho Jate hai
Deal Cadet Deal Cadet
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It was showing pre approved in apply now credit card section
Deal Cadet Deal Cadet
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@Samen, u got ur card blocked after statement generation or before?? What was ur spend when in the lastest statement when ur card got blocked.
Deal Cadet Deal Cadet
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Before statement generation, my card was blocked. i was made around 2 Lakhs transactions.

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Deal Cadet Deal Cadet
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I could only spend 1.6 lakh in last year so I had to do 40k rent payment just to reverse annual charges. How are you guys spending 3 lakh in a month?

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