Axis Magnus Devaluation Post 5th March 2023 Discussion

[Hisoka]

After recent devaluation in spend based calculation of Axis Magnus and other Axis cards. Can someone pls confirm that which all spends will not be counted towards 1L month milestone and 15L yearly milestone? Like Rent payments, utility bills etc.

Also, can someone pls also confirm if I can do commercial utility bill payments with Magnus card? Someone warned me for Axis Ace card as it’s a utility bill focused card and paying 50k electricity bill every month can lead to blockage of that card. Does this apply to other credit cards as well?

Thanks

 

[xxScriptzxx]

Ace is a low end card, hence large transactions would result in blockage. My ace card got blocked quoting commercial usage. With magnus, i have not faced any issue with similar spends

 

[kpravinramesh]

When are the milestone reward points credited ??

 

[card_enthusiast]

Do Paytm fastag recharge via magnus will be counted in 1L milestone or nor

 

[Hisoka]

Do Paytm fastag recharge via magnus will be counted in 1L milestone or nor

They’ll count

 

[Abhishek012]

Use Bharatnxt app to complete milestone benefit.
Already many post available here on technofino.

 

[nafeeskhn7]

1L Spend karne per 25000 milestone benefit kab receive hote Hain ... Aap bata sakte hain

 

[card_enthusiast]

Use Bharatnxt app to complete milestone benefit.
Already many post available here on technofino.

Does using merchant based app will going to have any tax implications on salaried personals

 

[Hisoka]

@Wealth is my birth right! @Batmanbaba @TechnoFino

Can someone confirm if commercial utility bills are counted towards 1L milestone benefit? And can we pay them every month without the card being blocked? (Bill amount is around 50k)

And do we get any confirmation that you’ve spent 1L this month you’ll be getting reward points points?

Also, these milestone benefit are to be done in calendar month right? Or billing cycle month?


Thanks a lot in advance!

 

[Hisoka]

1L Spend karne per 25000 milestone benefit kab receive hote Hain ... Aap bata sakte hain

After 90-120 days

 

[Wealth is my birth right!]

@Wealth is my birth right! @Batmanbaba @TechnoFino

Can someone confirm if commercial utility bills are counted towards 1L milestone benefit? And can we pay them every month without the card being blocked? (Bill amount is around 50k)

And do we get any confirmation that you’ve spent 1L this month you’ll be getting reward points points?

Also, these milestone benefit are to be done in calendar month right? Or billing cycle month?


Thanks a lot in advance!

Yes general utilities u can pay irrespective of commercial or personal but to avoid card block use on alternative months
No confirmation on milestone completion as of now
Yes it’s calendar month not billing cycle
You’re welcome

 

[BVC]

Some one from the community answer this.

Can we purchase Amazon Pay vouchers from Gyftr to pay the utility bills and earn rewards for transactions and the same way the card won't get blocked right irrespective of Commercial usage or domestic usage.

 

[Wealth is my birth right!]

Some one from the community answer this.

Can we purchase Amazon Pay vouchers from Gyftr to pay the utility bills and earn rewards for transactions and the same way the card won't get blocked right irrespective of Commercial usage or domestic usage.

GyFTR won’t block card but some limitations like 50k pm let others share their experiences

 

[pranavjain91]

You can't buy amazon pay vouchers for more than 10k a month.

 

[govindkhandare]

is Axis Magnus Fuel Spend consider 1 lakh Milestone ?

 

[TechnoFino]

yes

 

[padmanabhamb]

Are there any known categories that are not considered for the 1 lakh Milestone?

 

[sam609619]

We need proper details on usage of magnus which will be considered for one lakh milestone

 

[BVC]

is Axis Magnus Fuel Spend consider 1 lakh Milestone ?

Yes.

 

[BVC]

Are there any known categories that are not considered for the 1 lakh Milestone?

All spends are considered except wallet loads as of now as mentioned in the terms and conditions. Screenshot attached