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

[NikTravelEnthusiast]

What is the procedure for paying rent through this method?

Firsrt Register for RedGiraffe.
Points to consider
1. Valid rent agreement is a must
2. Landlords PAN details is must.
3.Landlords bank details with IFSC code.
Will 2 days to get connfirmation. They will provide a RG ID.

Now open Payzapp app. Select rent payment. Use Redgirraffe option. Use RG ID. Use Magnus for rent payment.

 

[drakesri]

Made a transaction for INR 6,000 for fuel at Indian Oil. Received reward points for the same.

Yes, but you will be charged a surcharge of 1% + gst.

 

[TheMentalist]

In statement of both April and May month it's documented as insurance payment.

When escaleted the issue to customer care for May month transaction inclusion in 'my money manager'

What's the need for Money Manager, when it's already showing as Insurance in CC statement?

 

[NikTravelEnthusiast]

What's the need for Money Manager, when it's already showing as Insurance in CC statement?

Yes. Correct. I just wanted to be sure that this particular transaction should be counted towards milestone expense. But Axis didn't replied.

Anyways, I will come to know after 3 months only. Will update that time.

I just hope that I will get Milestone, as It will be first time for me.

 

[Arvind]

Update Date: 9th June, 2023 - 05:35 AM IST
(Added: Foreign Currency Transaction Fees + GST Exclusion)
Not able to update post header.

REGULAR ER POINTS

​

Sr. No.	Type	MCC	Limitations	Source​
1	Direct Wallet Loads	6540		https://edgerewards.axisbank.co.in/lms/terms-conditions SCHEDULE A
2	Rent	6513	Max 3000 ER Points per month	https://edgerewards.axisbank.co.in/lms/terms-conditions SCHEDULE A
3	EMI transactions	NA		https://edgerewards.axisbank.co.in/lms/terms-conditions SCHEDULE A
4	Joining/Renewal Fee + GST	NA		NA
5	Fuel	5541, 5542, 5983	Min spend of Rs. 4001 per transaction	TechnoFino Forums : User Tested
6	Insurance	6300, 6381, 5960, 6012, 6051	Max 6000 ER Points per transaction	https://edgerewards.axisbank.co.in/lms/terms-conditions SCHEDULE A
7	GrabDeals	NA	Max 10000 ER Points per month	https://grabdeals.axisbank.com/home
8	Foreign Currency Transaction Fees + GST	NA		NA

MONTHLY MILESTONE - 25K ER Points on spend of 1 Lakh in the calendar month

​

Sr. No.	Type	MCC	Source
1	Direct Wallet Loads	6540	https://www.axisbank.com/docs/defau...it-card-terms-and-conditions-for-affluent.pdf
2	Rent	6513	https://www.axisbank.com/docs/defau...it-card-terms-and-conditions-for-affluent.pdf
3	Joining/Renewal Fee + GST	NA	NA
4	Foreign Currency Transaction Fees + GST	NA	NA

ANNUAL MILESTONE - Rs. 10000 + GST Fee Waiver on spend of Rs. 15 Lakhs and above as per the card preceding anniversary year

​

Sr. No.	Type	MCC	Source
1	Direct Wallet Loads	6540	https://www.axisbank.com/docs/defau...it-card-terms-and-conditions-for-affluent.pdf
2	Rent	6513	https://www.axisbank.com/docs/defau...it-card-terms-and-conditions-for-affluent.pdf
3	Joining/Renewal Fee + GST	NA	NA
4	Foreign Currency Transaction Fees + GST	NA	NA

GYFTR EDGE LIMITATION

• A customer (registered mobile number) can buy a maximum of Rs. 10,000 worth of Amazon Pay Gift Cards in a calendar month.
• A customer (registered mobile number) can buy a maximum of Rs. 50,000 worth of Amazon Shopping Vouchers in a calendar month.
• A customer (registered mobile number) can buy a maximum of Rs. 10,000 worth of Flipkart Gift Cards in a calendar month.
• A customer (registered mobile number) can buy a maximum of Rs. 20,000 worth of TATA CLiQ Gift Vouchers in a calendar month.
• A customer (registered mobile number) can buy a maximum of Rs. 2,50,000 worth of Gift Vouchers in a calendar month.

TIPS

• 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/

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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.

@James2307mr can you please confirm if aware that the Paytm indirect trick isn't working anymore, got informed here https://www.technofino.in/community/threads/magnus-wallet-loads.13730/post-236737

 

[James2307mr]

@James2307mr can you please confirm if aware that the Paytm indirect trick isn't working anymore, got informed here https://www.technofino.in/community/threads/magnus-wallet-loads.13730/post-236737

Hey! I haven't used it for quite some time now. Never needed it.

Will try to check tomorrow and get back to you.

 

[eatpepsi]

can someone confirm if my rent payment through the Payzapp and Redgiraffe combo will be calculated for the monthly milestones of 1 lac on Magnus?

 

[sourpai]

can someone confirm if my rent payment through the Payzapp and Redgiraffe combo will be calculated for the monthly milestones of 1 lac on Magnus?

Yes, as of last week

 

[Deleted member 11974]

Which all apps are eligible for ER points for EMI or rent payment ?

 

[Harry1]

Finally got the points today.

One more credit received today for same transaction 🤣. Axis systems are so bad.

 

[grshnehete]

One more credit received today for same transaction 🤣. Axis systems are so bad.

Same here. Recieved ERs for same transaction yesterday. I don't know how there system works

 

[NikTravelEnthusiast]

One more credit received today for same transaction 🤣. Axis systems are so bad.

They will revert it.
It happened to me. But then Axis reverted the points.So my joy didn't last long.😀

 

[PiperatGatesofDawn]

A few weeks or maybe a couple of months ago I received 2 reward credits on a single USD online transaction that I did.

Reward points credit to my account froze for a week or 10 days while Axis I guess tried to figure out what happened. Would have been a technical issue I guess but it was flagged of by their system for correction.

After about 10 days one of the points credit was reversed and the pending transaction points came pouring in...

 

[Avijeet]

A few weeks or maybe a couple of months ago I received 2 reward credits on a single USD online transaction that I did.

Reward points credit to my account froze for a week or 10 days while Axis I guess tried to figure out what happened. Would have been a technical issue I guess but it was flagged of by their system for correction.

After about 10 days one of the points credit was reversed and the pending transaction points came pouring in...

Looks like a clogged pipe kind of issue with AXIS REWARD 🤣😆
Axis is Axis .... very very unpredictable

 

[Deleted member 2995]

Buying Amazon pay gift card from Amazon app is eligible for monthly milestone as 10 K limit already exhausted on edge reward portal. Please suggest

 

[Deleted member 2995]

Can i make another account on axis gifter edge for buying another 10K Amazon pay voucher? Is it eligible for qualifying monthly milestone?

 

[swipesmart]

What is difference between gift card and shopping voucher?
Do I have to buy this from grabdeals itself to get benefit?
Is grabdeal and gryftr portal same ?
What will happen to shopping voucher in case of return of product?

 

[4uziaul]

What is difference between gift card and shopping voucher?
Do I have to buy this from grabdeals itself to get benefit?
Is grabdeal and gryftr portal same ?
What will happen to shopping voucher in case of return of product?

Assuming you are referring to Amazon shopping vouchers and Amazon Gift vouchers, the main difference is that ASV can only be used for shopping, while AGV is as good as cash. You can use AGV to pay bills, shop, and even make payments on other sites or apps.

Currently, if you buy AGV through GrabDeals, you will not receive any CB. However, if you buy ASV, you will get 5% + 2% cashback using a credit card or 10% + 2% cashback using a debit card. Therefore, buying ASV would be more beneficial since you are not getting any cashback with AGV.

Regarding the difference between GrabDeals and Gyftr, the major distinction is that with GrabDeals, you can only earn up to 10k ER points, whereas there are no such restrictions with Gyftr. It seems that GrabDeals operates like an affiliate marketing platform similar to the CashKaro model, while Gyftr is primarily used for brand vouchers.

Disclaimer: I am new to Magnus, having just received and activated my card yesterday, so there is a possibility of errors. 🤣 If I am mistaken, I am more than happy to be corrected.

 

[PiperatGatesofDawn]

What is difference between gift card and shopping voucher?
Do I have to buy this from grabdeals itself to get benefit?
Is grabdeal and gryftr portal same ?
What will happen to shopping voucher in case of return of product?

Grabdeals is shopping directly on the online merchant store after going through Axis Banks' link on their Grabdeals page.

Gyftr is their gift card/voucher portal.

Grabdeals is generally more rewarding but also more restricted.

 

[Deleted member 11974]

Can somebody tell me which website should I used for rent payment so that I can get rewarded ER Points