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Axis Magnus Reward Points Capping on Insurance Payments

SubhankarSubhankar is verified member.

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Hello Everyone!

The much discussed point capping on Magnus is real. But it’s for few categories, and Insurance payments is one of them.

I got informed by a person who made a good amount of Insurance payment through his Magnus and got only 6,000 RP which is for the initial 1 lakh spend. Axis has also sent a mail confirmation of the same.

So if you want to swipe your Magnus for greater amount that 1 lakh for insurance payment, Magnus is not the card you want to use.

Better look out for other options like Reserve / Standard Chartered Ultimate



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Hello Everyone!

The much discussed point capping on Magnus is real. But it’s for few categories, and Insurance payments is one of them.

I got informed by a person who made a good amount of Insurance payment through his Magnus and got only 6,000 RP which is for the initial 1 lakh spend. Axis has also sent a mail confirmation of the same.

So if you want to swipe your Magnus for greater amount that 1 lakh for insurance payment, Magnus is not the card you want to use.

Better look out for other options like Reserve / Standard Chartered Ultimate



View attachment 7375
Fine point but if split into 7 times one could have got 42k points right subject to partial payment acceptance by exide
 
I have some 1.15L payments to make for 1 single premium with ICICI, I can spilt the payment in parts (icici gives that option)

Can I make it in 50, 50, and 15K brackets across 3-4 days? Will I be getting points for everything, if yes, great, if No, then I'll use some other card for making that last 15K payment.
 
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