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

[jack333]

@rja is correct. It's mentioned there also

• Effective 22nd September 2020, there will be a change in the EDGE REWARDS accrual towards the Insurance Premium transaction on your Axis Bank Credit card and will be capped to Rs. 5,000 per transaction https://www.axisbank.Com/Edginsur.
• Effective 22nd September 2020, EDGE REWARDS accrual on transaction towards Insurance spends on your Magnus Credit Card, will be capped at 6,000 points per transaction https://www.axisbank.com/Maginsur.

 

[agentneo]

Does referral work when applying for a new card (Axis Magnus)? If yes, could anyone share a referral link?

 

[PiperatGatesofDawn]

@rja is correct. It's mentioned there also

• Effective 22nd September 2020, there will be a change in the EDGE REWARDS accrual towards the Insurance Premium transaction on your Axis Bank Credit card and will be capped to Rs. 5,000 per transaction https://www.axisbank.Com/Edginsur.
• Effective 22nd September 2020, EDGE REWARDS accrual on transaction towards Insurance spends on your Magnus Credit Card, will be capped at 6,000 points per transaction https://www.axisbank.com/Maginsur.

INR 5k for lower variant cards. Magnus 6k. Uncapped Reserve, Visatara Infinite etc.

 

[rj_arora]

INR 5k for lower variant cards. Magnus 6k. Uncapped Reserve, Visatara Infinite etc.

Are you sure about this? No Rs. 5K limit for magnus?

 

[jack333]

Its 6k er for magnus

 

[PiperatGatesofDawn]

Are you sure about this? No Rs. 5K limit for magnus?

I got the information from your link didn't I. 🙂

I understand the confusion and skepticism... but yeah... Magnus has a INR 1L limit. And this is a per transaction limit. So simple way to overcome it is to split it into chunks of 1L.

 

[Deathsnatcher]

I got the information from your link didn't I. 🙂

I understand the confusion and skepticism... but yeah... Magnus has a INR 1L limit. And this is a per transaction limit. So simple way to overcome it is to split it into chunks of 1L.

Magnus dont have a txn limit i made a single txn for 1.7L and it went smooth

 

[tdot]

Magnus dont have a txn limit i made a single txn for 1.7L and it went smooth

What he meant to say was Magnus has ER capping at 6k per transaction(for insurance). Of course there is no transaction amount limit.

 

[PiperatGatesofDawn]

Magnus dont have a txn limit i made a single txn for 1.7L and it went smooth

First congratulations you're a superstar.

Secondly the "limit" if you see the conversation thread is for earning ERs on Insurance spends.

 

[Deathsnatcher]

First congratulations you're a superstar.

Secondly the "limit" if you see the conversation thread is for earning ERs on Insurance spends.

Sorry my bad i was just pointing out regarding general since the master thread said exclusion
anyhow noted about the insurance points
thanks

 

[skedia86]

Hi all, I have received got Axis Magnus and going through this super helpful thread on deciding how to use the card for max points.

Just wanted to confirm if the below tip still holds for rent payment or has this also been excluded from eligible spends by Axis. I have a RedGiraffe account and was using PZ + Infinia for rents till now - planning to switch to Magnus if the forum members can kindly confirm that the below combo works for reaching monthly milestones.
"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."

 

[Wealth is my birth right!]

Hi all, I have received got Axis Magnus and going through this super helpful thread on deciding how to use the card for max points.

Just wanted to confirm if the below tip still holds for rent payment or has this also been excluded from eligible spends by Axis. I have a RedGiraffe account and was using PZ + Infinia for rents till now - planning to switch to Magnus if the forum members can kindly confirm that the below combo works for reaching monthly milestones.
"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."

As of this month it is working
But it’s a loophole which may get fixed anytime by payzapp by giving correct mcc
So considering this alone I won’t suggest your decision

 

[chotachetan]

As of this month it is working
But it’s a loophole which may get fixed anytime by payzapp by giving correct mcc
So considering this alone I won’t suggest your decision

Is there a way to check the MCC of the transaction once transaction is done on the Magnus

 

[Thomas244]

You have your answer right there... Cred classified it as a wallet load and not rent payment. Did you issue it as a rent payment or was it something like brokerage/deposit or something similar.

I used the token deposit feature

 

[loveshah]

This post is super useful for Magnus users. Would really appreciate a similar post on Axis Vistara Infinite as well. Currently, these two cards are my daily drivers for almost all my spends, so it would be great to understand the best way to split the spends between these two cards.

So far no hard restrictions on Vistara Infinite other than wallet loads and cash withdrawals but from 1st June 2023, rent will also be excluded from CV points accrual and milestone benefits. See attached image.

 

[PiperatGatesofDawn]

I used the token deposit feature

So you see what the problem was. You tried to game the system but you failed. Axis didn't deny you anything.

Now while I sympathize with you, it sucks to lose 20k miles, at the same time, you have no one to blame but yourself here.

 

[abhishek0882]

So far no hard restrictions on Vistara Infinite other than wallet loads and cash withdrawals but from 1st June 2023, rent will also be excluded from CV points accrual and milestone benefits. See attached image.

Yeah. With no restrictions apart from wallet loads (I never count cash withdrawals as never do it on credit card), this was my go to card for rent, utilities and insurance payments. Will need to shift rent payment to Magnus from next month.

 

[Wealth is my birth right!]

Is there a way to check the MCC of the transaction once transaction is done on the Magnus

Calling cc will help
Once the transaction is settled call them

 

[TheMentalist]

Is there a way to check the MCC of the transaction once transaction is done on the Magnus

Also you can check the transaction category here : https://www.technofino.in/community...s-on-axis-bank-personal-finance-manager.7684/

 

[helloworld]

Also you can check the transaction category here : https://www.technofino.in/community...s-on-axis-bank-personal-finance-manager.7684/

Can we assume if base rewards received then those are eligible for monthly milestone 1L? (any new category addition for this scenario where only 1 work)