Hey, guys Axis bank has very bad news for its ACE credit card holders.
Axis ACE credit card devaluation alert for cashback hunters, Axis bank is going to set a capping limit on cashback on the ACE credit card, Earlier this card was devalued on 15 September 2022.
Also Read: SBI Cashback Credit Card Devaluation From 1 May 2023
Again Axis bank is going to devalue ACE credit card from 15 June 2023. Here, Today I will give you all details, so read this blog post completely.
According to the new terms & conditions (mail received from Axis Bank), cashback will be capped from 15 June 2023.
- 5% cashback on Google pay (recharge & bill payment) and 4% cashback on Swiggy, Zomato & Ola will be capped at Rs.500 per billing cycle
- 2% unlimited cashback on all other online & offline spends
- Cashback shall not be eligible on fuel spends, EMI transaction, purchase converted to EMI, Wallet loading, Cash advance, Rental payment, Purchase of Jewellery, Insurance premium & EDucational services.
I know it’s a huge devaluation, but the good thing about this card is it still offers unlimited 2% cash back on all other online & offline spends.
Click here to download the official update pdf file.
This Axis ACE credit card has a joining fee of Rs.499 and an annual fee of Rs.499 (waived off on spending RS.2 lakh in a year)
Earlier (15 September 2022) Axis Bank had already devalued this card for fuel spend, EMI transactions, rental payments and wallet loading etc.
Is it still worth it to pay for Axis bank ACE credit card annual fee? comment your opinion.
Here, I have tried my best to share updates regarding Axis ACE credit card devaluation, I hope this update was helpful for you, kindly share this blog post with others.
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