A new trend in the credit card market is ‘Devaluation’. looks like every bank competing with each other on devaluing the card benefits. This devaluation game has started in 2023 and not going to stop soon. A new mail I got from Axis bank dated Mar 19 2024 with heading ‘Update regarding your Axis Bank ACE Credit Card’ will tell the story of Axis Ace credit card devaluation.
Editor’s note: This is a recurring post, regularly updated with new information and offers. Last Updated 20 March 2024.
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What changes in 2024 come under Axis Ace Credit Card Devaluation
Axis Bank Ace credit card is one card that was a bang in the credit card market when it was launched and since then it has been devalued many times. there were so many loopholes I will say where customers took advantage and one by one banks found that and fixed it with a new limitation on the card.
With new updates from the bank dated 19 March 2024 ‘Update regarding your Axis Bank ACE Credit Card’ tells that
- Starting 2024 April 2024, the general category where customers were getting unlimited 2% cashback will now get 1.5% unlimited cashback.
- Effective 1st May 2024, access to domestic airport lounges will be based on a minimum eligible spend of Rs. 50,000 in the previous 3 calendar months. In the case of a newly issued card, the minimum spend criteria is waived for the month of card issuance as well as for the following 3 calendar months. For more details, please click here.
Apart from this, you will continue to get benefits on Axis Ace Credit cards like:
- Earn 5% cashback on Google Pay spends and 4% cashback on Swiggy, Zomato and Ola with a combined maximum cashback of Rs. 500 in a month.
- Avail 1% fuel surcharge waiver on all fuel transactions between Rs. 400 and Rs. 4,000 at all fuel stations across India.
- Enjoy 15% off up to Rs. 500 on dining, all year round, via EazyDiner.
Don’t forget to check our review on Axis Bank Ace credit card
