1 Lakh is not good enough for me 😢
I have genuine spends that exceed 1 Lakh most of the months which could be easily fulfilled by Gyftr. My regret is taking the Magnus card an year late.
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Axis Magnus Master List of Exclusions | Guide | Update Date: 9th June, 2023 - 5:30 AM IST
- Thread starter James2307mr
- Start date
I have genuine spends that exceed 1 Lakh most of the months which could be easily fulfilled by Gyftr. My regret is taking the Magnus card an year late.
gabbar_singh
TF Buzz
Just curious, which vouchers are you using to book flight tickets? I don’t see anything else other than yatra.
gabbar_singh
TF Buzz
I just had a call with Axis support team, and to my surprise, they are saying the following statement from important announcements is also applicable for magnus card and the backend team is in the process of updating the terms and conditions.
"Axis Bank Select Credit Card will not be eligible for earning EDGE REWARDS on Insurance, rent, fuel, educational services, utilities and government spends. The transactions for each category are identified through Merchant Category Codes* (MCC), defined by the Network, e.g. Visa, MasterCard and RuPay. Axis Bank does not define the merchant category. Category-wise MCC codes are: Insurance - 6300, 6381, 5960, 6012, 6051; Rent – 6513; Fuel - 5541, 5542, 5983; Educational services – 8299, 8211, 8241, 8244, 8249; Utilities - 4814, 4816, 4899, 4900; Government services - 9222, 9311, 9399, 9402. The revision is effective from 05-03-2023."
"Axis Bank Select Credit Card will not be eligible for earning EDGE REWARDS on Insurance, rent, fuel, educational services, utilities and government spends. The transactions for each category are identified through Merchant Category Codes* (MCC), defined by the Network, e.g. Visa, MasterCard and RuPay. Axis Bank does not define the merchant category. Category-wise MCC codes are: Insurance - 6300, 6381, 5960, 6012, 6051; Rent – 6513; Fuel - 5541, 5542, 5983; Educational services – 8299, 8211, 8241, 8244, 8249; Utilities - 4814, 4816, 4899, 4900; Government services - 9222, 9311, 9399, 9402. The revision is effective from 05-03-2023."
Do u believe in cust care guys😉
They r the worst in product knowledge
Seriously, I don't think so. I have made payments for Insurance and Fuel transactions for which I have received the ER. and the Axis support team is not well knowledgeable to that extent, they will just read out the terms and conditions. They are just there to say " Axis Bank Dil se Open".
But in future they may do so because, the speed at which they are issuing the Magnus cards they will definitely de value in terms of Milestone Benefits, ER Capping like HDFC Infinia and DCB.
gabbar_singh
TF Buzz
I had to call them multiple times yesterday and two of them said this while the other one said they would be counted.
I hope they are wrong and I don’t want to believe them. Fingers crossed till the ERs get credited.
Magnus as of now they won’t degrade or restrict mcc
Axis use magnus for a good competitive advantage against peers
I do accept that Magnus won't degrade anytime soon and they are taking advantage against peers. But the survival chances with these kind of benefits is very tough. Axis has really upped the credit card game with Magnus, Vistara, FK and some other cards. Best for customers in the industry right now.
For this year they tightened somewhat to save their pockets by means of rental exclusion and GyFTR restrictions for a 90day period
Lets hope no more chaos happens for Edge Rewards on magnus in 2023🙂
What do you mean by GyFTR restrictions for 90 days? Its actually capped monthly right?
Not monthly
It’s tier based capping based on your gyftr account age
For first 30 days there is a cap of 15k voucher i guess
For first 90 days there is cap of 75k
Post that there is a cap of 1 lakh per month
This capping is introduced recently
But I didn't find any capping restrictions like this on the above link. Hope someone clarifies on the same.
It’s recently introduced May be 3 days back
But I didn't find any capping restrictions like this on the above link. Hope someone clarifies on the same.
Try to checkout more than 1 lakh worth voucher , you should get a message
It was an half day topic in TF yesterday pls go through that thread shared by @TheMentalist
But I didn't find any capping restrictions like this on the above link. Hope someone clarifies on the same.
@Wealth is my birth right! are we getting edge points for insurance and NPS transactions ?
Yes I am observing the same topic but didn't find any conditions shared from Axis and Gyftr also. Hope they will communicate it clearly soon.
Yes pls tell me
I got ER for Insurance payments that is maximum of 6000 points recently. I am not sure of NPS transactions.
