• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

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

Apply For Lifetime Free IDFC First Credit Card
Wealth is my birth right! said:
Wow its great
NPS anyways before December I need to pay 50k I do it and let u know later
So if u pay insurance premiums more than 1l also u get cappped 6k only?
Click to expand...
Yes below 1L calculated and given based on spends. For 1L and above it will be given only 6000 points.

Images attached.
 

Attachments

  • IMG_3651.jpeg
    IMG_3651.jpeg
    26.2 KB · Views: 45
  • IMG_3650.jpeg
    IMG_3650.jpeg
    27.3 KB · Views: 46
James2307mr said:
Update Date: 12th Apr, 2023 - 11:00 AM IST (Added Sources; Gyftr Limits)

REGULAR ER POINTS
​
Sr. No.TypeMCCLimitations
Source​
1Direct Wallet Loads6540https://edgerewards.axisbank.co.in/lms/terms-conditions
SCHEDULE A
2Rent6513Max 3000 ER Points per monthhttps://edgerewards.axisbank.co.in/lms/terms-conditions
SCHEDULE A
3EMI transactionsNAhttps://edgerewards.axisbank.co.in/lms/terms-conditions
SCHEDULE A
4Joining/Renewal Fee + GSTNANA
5Fuel5541, 5542, 5983Min spend of Rs. 4001 per transactionTechnoFino Forums : User Tested
6Insurance6300, 6381, 5960, 6012, 6051Max 6000 ER Points per transactionhttps://edgerewards.axisbank.co.in/lms/terms-conditions
SCHEDULE A
7GrabDealsNAMax 10000 ER Points per monthhttps://grabdeals.axisbank.com/home

MONTHLY MILESTONE - 25K ER Points on spend of 1 Lakh in the calendar month
​
Sr. No.TypeMCCSource
1Direct Wallet Loads6540https://www.axisbank.com/docs/defau...it-card-terms-and-conditions-for-affluent.pdf
2Rent6513https://www.axisbank.com/docs/defau...it-card-terms-and-conditions-for-affluent.pdf
3Joining/Renewal Fee + GSTNANA

ANNUAL MILESTONE - Rs. 10000 + GST Fee Waiver on spend of Rs. 15 Lakhs and above as per the card preceding anniversary year
​
Sr. No.TypeMCCSource
1Direct Wallet Loads6540https://www.axisbank.com/docs/defau...it-card-terms-and-conditions-for-affluent.pdf
2Rent6513https://www.axisbank.com/docs/defau...it-card-terms-and-conditions-for-affluent.pdf
3Joining/Renewal Fee + GSTNANA

GYFTR LIMITS - Gyftr Edge has recently introduced some new restrictions based on account age.
​
Sr. No.Account Age
1Max INR 10k vouchers in first 15 days
2Max INR 25k vouchers in first 30 days
3Max INR 75k vouchers in first 90 days
4Max INR 100k per month thereafter

-- Indirect Wallet Loads (e.g. loading money in Paytm wallet via Uber at 0% charge) aren't categorised under MCC code of 6540 most of the times and are counted towards Regular ER Points, monthly milestone and annual milestone.
-- 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.
-- Advance payments done on EMIs like Education Loan, Car Loan, etc. are not considered as EMI Transactions. EMI Transactions are specifically those transactions which have been made on card and converted into EMI.
-- Fuel Transactions between Rs. 400 and Rs. 4000 are awarded a fuel surcharge waiver of 1% and thus are not awarded Regular ER Points. So to gain Regular ER Points, do a transaction of at-least Rs. 4001.

Important TnC Links
1. https://www.axisbank.com/retail/car.../terms-and-conditions/important-announcements
2. https://www.axisbank.com/docs/default-source/default-document-library/mitc-credit-cards.pdf
3. https://edgerewards.axisbank.co.in/lms/terms-conditions
4. https://www.axisbank.com/docs/defau...xis-bank-credit-card-terms-and-conditions.pdf
5. https://www.technofino.in/community/threads/axis-magnus-important-tnc-links.2659/

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

I am compiling a list of exclusions in a single thread that apply on Axis Magnus card as these are scattered around in multiple threads on the forum.

I'll keep updating this list. You guys are also welcomed to let me know about any addition or subtraction from this list.
Click to expand...
Are Gold purchases (offline) eligible for monthly milestone? I read somewhere that it's not counted but if someone can confirm that'd be great
 
Is there any way of knowing the MCC of the POS BEFORE making a transaction or worst case after? Is this mentioned on the customer slip post transaction?
 
On an insurance spend of 1 lakh in a month, will i get 6000 points or 6000 plus 25000 =31000 points ie including milestone points which of course will be credited later , kindly reply.
 
Have an LIC premium coming up which I plan to pay through magnus. I hope I can get ERs even if I use the paytm gateway & it wont count as wallet loads and hopefully will count towards monthly milestone. Any experience around the same?

Wondering going through so many threads - why cant Axis provide a counter on the dashboard which will show cumulative spends towards milestone considering all the exceptions? Will make life so easy for everyone.
 
bravothemaverick said:
Have an LIC premium coming up which I plan to pay through magnus. I hope I can get ERs even if I use the paytm gateway & it wont count as wallet loads and hopefully will count towards monthly milestone. Any experience around the same?

Wondering going through so many threads - why cant Axis provide a counter on the dashboard which will show cumulative spends towards milestone considering all the exceptions? Will make life so easy for everyone.
Click to expand...

I am not sure of Paytm. I have done my insurance payments on Amazon in March 2023 and received 6000 ER for more than 1 Lakh payment of LIC.
 
You must log in or register to reply here.

Similar threads

TechnoFino
Devaluation Axis Magnus Credit Card Devaluation Notice - Effective from 1st Sept 2023
Replies
19
Views
6K
rafzy
R
Back
Top