Update Date: 12th Apr, 2023 - 11:00 AM IST (Added Sources; Gyftr Limits)
REGULAR ER POINTS
MONTHLY MILESTONE - 25K ER Points on spend of 1 Lakh in the calendar month
ANNUAL MILESTONE - Rs. 10000 + GST Fee Waiver on spend of Rs. 15 Lakhs and above as per the card preceding anniversary year
GYFTR LIMITS - Gyftr Edge has recently introduced some new restrictions based on account age.
Sr. No. | Account Age |
1 | Max INR 10k vouchers in first 15 days |
2 | Max INR 25k vouchers in first 30 days |
3 | Max INR 75k vouchers in first 90 days |
4 | Max INR 100k per month thereafter |
-- Indirect Wallet Loads (e.g. loading money in Paytm wallet via Uber at 0% charge) aren't categorised under MCC code of 6540 most of the times and are counted towards Regular ER Points, monthly milestone and annual milestone.
-- Rent Payments made through RedGiraffe and PayZapp 2.0 combo are categorised as insurance spends and thus can be counted in monthly milestone and annual milestone.
-- Advance payments done on EMIs like Education Loan, Car Loan, etc. are not considered as EMI Transactions. EMI Transactions are specifically those transactions which have been made on card and converted into EMI.
-- Fuel Transactions between Rs. 400 and Rs. 4000 are awarded a fuel surcharge waiver of 1% and thus are not awarded Regular ER Points. So to gain Regular ER Points, do a transaction of at-least Rs. 4001.
Important TnC Links
1.
https://www.axisbank.com/retail/car.../terms-and-conditions/important-announcements
2.
https://www.axisbank.com/docs/default-source/default-document-library/mitc-credit-cards.pdf
3.
https://edgerewards.axisbank.co.in/lms/terms-conditions
4.
https://www.axisbank.com/docs/defau...xis-bank-credit-card-terms-and-conditions.pdf
5.
https://www.technofino.in/community/threads/axis-magnus-important-tnc-links.2659/
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I am compiling a list of exclusions in a single thread that apply on Axis Magnus card as these are scattered around in multiple threads on the forum.
I'll keep updating this list. You guys are also welcomed to let me know about any addition or subtraction from this list.