Axis Atlas 1.18% fee for Education MCC code

[drsel]

From 20 December 2024, we have to pay 1.18% fee for education MCC codes, along with Rs. 235 for transferring points or miles to partners.

Has anyone been charged this 1.18% fee for education spends?

 

[Anupama_Jha]

I am amazed to see Dr Shahab (the legend axes 🪓 expert asking this)🙈

My two cents: They should, now suppose even if they not, they will charge someday. Even after card closure.

 

[John Snow]

From 20 December 2024, we have to pay 1.18% fee for education MCC codes, along with Rs. 235 for transferring points or miles to partners.

Has anyone been charged this 1.18% fee for education spends?

While doing a direct edu payment I only see the exact fee amount. No additional charge.
Will this charge be deducted later?

 

[drsel]

While doing a direct edu payment I only see the exact fee amount. No additional charge.
Will this charge be deducted later?

Axis Bank is supposed to charge 1.18% in the statement.
This is expected but not confirmed by anyone till date

 

[drsel]

I am amazed to see Dr Shahab (the legend axes 🪓 expert asking this)🙈

My two cents: They should, now suppose even if they not, they will charge someday. Even after card closure.

My question is "Has anyone been charged?"
(Now nearly 30 days have passed since 20 December)
It is there only on paper but I don't think anyone has been charged yet

 

[Wealth is my birth right!]

My question is "Has anyone been charged?"
(Now nearly 30 days have passed since 20 December)
It is there only on paper but I don't think anyone has been charged yet

Mostly they won’t as long as we use direct in universities website
Reward of 4% if they charge 1.18% then its not worthy right

 

[sidpsidp is verified member.]

From 20 December 2024, we have to pay 1.18% fee for education MCC codes, along with Rs. 235 for transferring points or miles to partners.

Has anyone been charged this 1.18% fee for education spends?

I think that is for 3rd party sites not for institute physical pos.

 

[sourpai]

I have not been charged.

Charges are only there when you use 3rd party platforms. Paying on school website does not attract any charges

 

[RathoreS]

Had one payment on Housing on1st Jan. Till date i don't see any extra charge

 

[Piyush_Jaiswal]

My question is "Has anyone been charged?"
(Now nearly 30 days have passed since 20 December)
It is there only on paper but I don't think anyone has been charged yet

Have done many payments on university website. Got edge miles and haven't been charged any fee.

The T&C mentioned that fee will be charged on payments done through 3rd party apps and not on payments done directly through institutional websites or POS machines

 

[tachniki]

Which one will make more sense for about 4 lakh education payment? Hdfc infinia or Axis Atlas? Axis Atlas points will be redeemed mostly on club itc or marriott. Not to Accor.