According to new terms & conditions Axis ACE credit card will be devalued from 15 June 2023

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Axis bank has sent emails to customers regarding ACE credit card devaluation

5% Cashback on Google pay and 4% cashback on Swiggy, Zomato & Ola will be combinedly capped at Rs.500 per billing cycle

Unlimited 2% cashback on all other online and offline spends, no capping limit

No cashback on EMI transaction, Wallet load, Rent payment, Insurance premium payment, Educational services and Jewellery purchase

Is it worth paying annual fee of Rs.590 after this devaluation of Axis ACE credit crad?

Cashback earned on Axis ACE card in a statement cycle is credited against the outstanding of next month statement

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