Axis Magnus Master List of Exclusions | Guide | Update Date: 9th June, 2023 - 5:30 AM IST

[NipunDhingra]

Hi Can someone suggest if Society Notebook app (Kodebin Solutions Pvt Ltd) used for paying society maintainance comes under Rent payment? Anyone has info please update.

 

[Gaurav555]

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."

Can anyone confirm this?

 

[MrNobody]

Can anyone confirm this?

Yes, I spoke to the customer care and he said the same thing, but can confirm that it isn't true. Got the RPs for government transaction (NPS), utility (gas cylinder) and Insurance this month.

 

[Gaurav555]

Yes, I spoke to the customer care and he said the same thing, but can confirm that it isn't true. Got the RPs for government transaction (NPS), utility (gas cylinder) and Insurance this month.

And they are counted in milestone too?

 

[MrNobody]

And they are counted in milestone too?

Probably, yes. It'll be confirmed in 90-120 days. But since the customer care was wrong about RPs, he's probably wrong about milestone, too.
I couldn't find anywhere in tc which says it won't be counted in milestone.
Only rent and wallet load is excluded from milestone calculation according to tc.

 

[TheMentalist]

What Merchant Category is shown in Magnus Billing Statement for Wallet loads - is it Others, Miscellaneous or something else??

 

[AR199]

One can plan to purchase amazon vouchers worth Rs 10,000 per month from magnus card for a few months & add it to amazon pay balance & can make insurance payments thereafter. Will get whopping 18% RP in that way

 

[navonline7]

The merchant category for some of my transactions is categorized as "MISCELLANEOUS". Will they be considered for monthly milestone? They are not rent or wallet load transactions. One of them is for a cycle purchase from a local shop and the other are donations.

 

[MrNobody]

The merchant category for some of my transactions are categorized as "MISCELLANEOUS". Will they be considered for monthly milestone? They are not rent or wallet load transactions. One of them is for a cycle purchase from a local shop and the other are donations.

Yes.

 

[TheMentalist]

The merchant category for some of my transactions is categorized as "MISCELLANEOUS". Will they be considered for monthly milestone? They are not rent or wallet load transactions. One of them is for a cycle purchase from a local shop and the other are donations.

Did you get RP for those tnxs??

 

[WhoU]

What Merchant Category is shown in Magnus Billing Statement for Wallet loads - is it Others, Miscellaneous or something else??

Others. We don’t get RP when it’s others. Misc/utilities we get RP and covered in milestone.

 

[navonline7]

Did you get RP for those tnxs??

not yet. Haven't got RPs for other transactions either.

 

[TheMentalist]

not yet. Haven't got RPs for other transactions either.

What category is Money Manager showing for those tnx? (Details : https://www.technofino.in/community...s-on-axis-bank-personal-finance-manager.7684/)

 

[navonline7]

What category is Money Manager showing for those tnx? (Details : https://www.technofino.in/community...s-on-axis-bank-personal-finance-manager.7684/)

View attachment 15347
It's categorized as others

 

[TheMentalist]

View attachment 15347
It's categorized as others

Not sure then.. maybe others can help @Wealth is my birth right! @WhoU @VISHESH_BANSAL @James2307mr @Harry1

 

[Wealth is my birth right!]

Not sure then.. maybe others can help @Wealth is my birth right! @WhoU @VISHESH_BANSAL @James2307mr @Harry1

Need to note this particular amount with date and check with cc for exact mcc
Post we know mcc then to deal with premier mail if rewarding applies

 

[James2307mr]

The merchant category for some of my transactions is categorized as "MISCELLANEOUS". Will they be considered for monthly milestone? They are not rent or wallet load transactions. One of them is for a cycle purchase from a local shop and the other are donations.

The best way to check would be to call customer care and ask for the MCC code. With the MCC code you can categorise it and know whether they are eligible for ER or not!

 

[aravindmyd]

Can we pay advance payments for personal loans or home loans via credit cards? Someone please guide me on how to do that ? Thanks in advance!

 

[Wealth is my birth right!]

Can we pay advance payments for personal loans or home loans via credit cards? Someone please guide me on how to do that ? Thanks in advance!

U can pay by BharTnxt if u get ur loan account payment details

 

[Warlock27]

Hey everyone, does cash withdrawals count towards monthly and annual milestones?
I read that the cash advance charges are zero, are they actually if I pay off the withdrawal completely after statement generation?