Axis Bank policy

[maynigam]

Hello

I have 2 queries on Axis bank policy

1. If applied for a Magnus card to make a 9.1L car payment but it seems the card will not reach on time due to kyc overdue etc. I have decided to give up and use my Atlas instead. I will call customer care and cancel the application. Suppose the kyc is updated and they issue me a card on their own, can I refuse to activate it and not get charged the fees? I have seen some people complaint about fees being charged even though card was not activated (other banks)

2. My Atlas credit limit is 6.5L. My plan is to make 3L payment to my card account via cred few days in advance. Swipe the card for 5L on day 1 and then swipe the card for 6L on day 2. Is this a practical option for me?
Can I make these two payments on consecutive days or the first transaction needs to settle before I make the second transaction?

Thanks in advance

 

[Infamous]

Answer to 1st question - yes the fees can get charged even if you don't activate it, however if there is no transaction done before or after the fees is charged, then you can cancel the card, they will reverse the fees.

 

[Quiksilver27]

Hello

I have 2 queries on Axis bank policy

1. If applied for a Magnus card to make a 9.1L car payment but it seems the card will not reach on time due to kyc overdue etc. I have decided to give up and use my Atlas instead. I will call customer care and cancel the application. Suppose the kyc is updated and they issue me a card on their own, can I refuse to activate it and not get charged the fees? I have seen some people complaint about fees being charged even though card was not activated (other banks)

2. My Atlas credit limit is 6.5L. My plan is to make 3L payment to my card account via cred few days in advance. Swipe the card for 5L on day 1 and then swipe the card for 6L on day 2. Is this a practical option for me?
Can I make these two payments on consecutive days or the first transaction needs to settle before I make the second transaction?

Thanks in advance

1. If not activated u can safely ignore the card

2. Even if you swipe on day 1 then pay and then again swipe on day 2, it shud work

 

[Shoxie]

1. If not activated u can safely ignore the card

2. Even if you swipe on day 1 then pay and then again swipe on day 2, it shud work

I concur with this.

Just remember to do a test check transaction in the machine that the dealer is going to use for the main transaction, know the MCC before transacting for the full amount.

 

[maynigam]

I concur with this.

Just remember to do a test check transaction in the machine that the dealer is going to use for the main transaction, know the MCC before transacting for the full amount.

Yes. Already done that