I need some clarification regarding axis mangus monthly milestone criterion. Haven't seen any concrete response anywhere. In general, people avoid both start as well as end of the month. But it can't be both.
As per terms document , it says "5) Spends are calculated on a calendar month basis i.e. from 1st to 30th/31st of every month irrespective of card issuance date. Spends are calculated basis the date and time captured in Axis Bank credit card system."
Here, what is date and time captured in axis Bank credit card system?
Is it transaction date or settlement date or statement date?
Also, is time based on IST or GMT?
Does it vary if there is a bank holiday? (Because statement reflects a day prior or after in case of holidays).
For example, If I do a transaction on 30th June at 6PM IST and it gets settle on 1st July at 1PM, statement says 30th June as transaction date, will this be considered for June month milestone or July month?
For DCB, it clearly says "Transactions are tracked as per the posted/settled date from third party/merchant to the bank and the posting/settlement date will be considered as contribution to the spend accrual for any month." And it has a tracking portal also. So, there is no confusion regarding this.