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Just got my Axis Magnus and have few noob doubts. Community Members please help

phoenix123

TF Buzz
  • What is the expiry of the edge reward points? The Axis website says it's 3 years, the customer agent said its 1 year.
  • Is there any capping on Reward Points for Giftedge and Grabdeals?
  • Is there a limit on the transaction amount on these portals (essentially can I purchase Gift Cards worth rupees 1 Lac to meet my monthly milestone on these cards?)
  • Are Rent Payments or Insurance considered for the Monthly Milestone? Customer Agent again confirmed it is.
Thanks in advance!
 
  • What is the expiry of the edge reward points? The Axis website says it's 3 years, the customer agent said its 1 year.
  • Is there any capping on Reward Points for Giftedge and Grabdeals?
  • Is there a limit on the transaction amount on these portals (essentially can I purchase Gift Cards worth rupees 1 Lac to meet my monthly milestone on these cards?)
  • Are Rent Payments or Insurance considered for the Monthly Milestone? Customer Agent again confirmed it is.
Thanks in advance!
Use the search function in this forum : each question is answered here already
 
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Yes, kind of there but since many TnC keeps on changing, wanted to know the latest rules. The one's I found were 6 month to 1 year old threads and hence with the recent devaluation wanted to understand the latest conditions.
Any ways I got it clarified from Axis over an email for future proofing, sharing the response for the community here, hope it helps someone starting their journey with Magnus:

1. The edge reward points will be expired in 3 years if you have not redeemed and if no action on edge loyalty account (No Earn, No redemption, No login-If none of these activities are done by the customer points), then the rewards points will be expired in 365 days.
You may visit the below link to view the detailed terms and conditions for edge reward points:
https://edgerewards.axisbank.co.in/lms/terms-conditions?channel=Desktop

2. We wish to inform you that, the Grabdeals reward points would be credited if the below mentioned Terms and Conditions were followed

a. The same Axis Bank Credit card should have been entered during authentication for final payment.

b. Reward points will not be applicable on items that were already in your cart (added during a previous session) but need to be added post landing from the Axis Bank Grab Deals platform only.

c. User session on the affiliate page once redirected from Grab Deals to be eligible for reward points has to be maintained until the order is places.

d. Maximum 10,000 EDGE reward points can be earned per customer per month. A customer can earn only 10,000 reward points per month under grabdeal offer.

e. Reward points is not applicable on purchase of Gift vouchers, Gold & Silver coins.

f. Reward points is not applicable on purchases made with an Axis Bank NRE account.

g. Eligible Reward points will be paid within 90-120 days of the transaction date.

You may visit the below link to view the terms and conditions of grabdeal:
https://grabdeals.axisbank.com/home

3. With regards to the points earned for gift card purchases on Gift Edge transactions, you may earn accelerated EDGE REWARDS 5X/10X EDGE REWARD Points whenever you make a purchase from this voucher portal.

The Axis Bank EDGE REWARDS Points depend on the brand you choose. There is no upper limit on the points you can earn.

We would like to inform you that you can get upto 10X Reward Points on over 100 brand vouchers and 5X Reward Points on many major brands such as Uber, Ola, Big Bazaar, Mobile Recharge, Flipkart, Spencer‘s Retail, Grofers, Croma etc.

For every Rs. 200 spent on www.gyftr.com/edgerewards/ website, you will earn up to 10X EDGE REWARD Points.
The 10X / 5X EDGE REWARD Points earned during the said offer will be credited within 120 days from the date of the transaction.

Further, to know a limit on the transaction amount on gift edge portal, we request you to contact the gift edge portal support.
You may visit the below link for detailed terms and conditions:
https://campaign.axisbank.com/gener...89.1276054611.1667799813-567001213.1666941043

For any help regarding your Gift Voucher, please reach out to us:
a) Share your queries @ www.gyftr.com/edgerewards/contact-us
b) Call us @ 18001033314


4. With regards to milestone benefit of Magnus card, for New customers, the monthly milestone benefit will be applicable from the 1st of the upcoming month post the card issuance date. Customer is eligible to get maximum of 25000 EDGE Reward points in a given calendar month on achieving the spends milestone of Rs.1 Lakh.

25000 EDGE Reward points will be credited within a period of 90 Days from the end of the month. Spends are calculated on a calendar month basis i.e 1st of every month irrespective of card issuance date.

For your card, spends for the milestone benefit will be considered from 1st March 2023.
All spends are considered except wallet loads. However, effective from 5th March 2023, the spends threshold for Milestone benefits will exclude rent and wallet transactions.
Please visit the below link for Revision of Axis Bank Credit Card Terms and Conditions:
https://www.axisbank.com/docs/defau...it-card-terms-and-conditions-for-affluent.pdf
 
Yes, kind of there but since many TnC keeps on changing, wanted to know the latest rules. The one's I found were 6 month to 1 year old threads and hence with the recent devaluation wanted to understand the latest conditions.
Any ways I got it clarified from Axis over an email for future proofing, sharing the response for the community here, hope it helps someone starting their journey with Magnus:

1. The edge reward points will be expired in 3 years if you have not redeemed and if no action on edge loyalty account (No Earn, No redemption, No login-If none of these activities are done by the customer points), then the rewards points will be expired in 365 days.
You may visit the below link to view the detailed terms and conditions for edge reward points:
https://edgerewards.axisbank.co.in/lms/terms-conditions?channel=Desktop

2. We wish to inform you that, the Grabdeals reward points would be credited if the below mentioned Terms and Conditions were followed

a. The same Axis Bank Credit card should have been entered during authentication for final payment.

b. Reward points will not be applicable on items that were already in your cart (added during a previous session) but need to be added post landing from the Axis Bank Grab Deals platform only.

c. User session on the affiliate page once redirected from Grab Deals to be eligible for reward points has to be maintained until the order is places.

d. Maximum 10,000 EDGE reward points can be earned per customer per month. A customer can earn only 10,000 reward points per month under grabdeal offer.

e. Reward points is not applicable on purchase of Gift vouchers, Gold & Silver coins.

f. Reward points is not applicable on purchases made with an Axis Bank NRE account.

g. Eligible Reward points will be paid within 90-120 days of the transaction date.

You may visit the below link to view the terms and conditions of grabdeal:
https://grabdeals.axisbank.com/home

3. With regards to the points earned for gift card purchases on Gift Edge transactions, you may earn accelerated EDGE REWARDS 5X/10X EDGE REWARD Points whenever you make a purchase from this voucher portal.

The Axis Bank EDGE REWARDS Points depend on the brand you choose. There is no upper limit on the points you can earn.

We would like to inform you that you can get upto 10X Reward Points on over 100 brand vouchers and 5X Reward Points on many major brands such as Uber, Ola, Big Bazaar, Mobile Recharge, Flipkart, Spencer‘s Retail, Grofers, Croma etc.

For every Rs. 200 spent on www.gyftr.com/edgerewards/ website, you will earn up to 10X EDGE REWARD Points.
The 10X / 5X EDGE REWARD Points earned during the said offer will be credited within 120 days from the date of the transaction.

Further, to know a limit on the transaction amount on gift edge portal, we request you to contact the gift edge portal support.
You may visit the below link for detailed terms and conditions:
https://campaign.axisbank.com/gener...89.1276054611.1667799813-567001213.1666941043

For any help regarding your Gift Voucher, please reach out to us:
a) Share your queries @ www.gyftr.com/edgerewards/contact-us
b) Call us @ 18001033314


4. With regards to milestone benefit of Magnus card, for New customers, the monthly milestone benefit will be applicable from the 1st of the upcoming month post the card issuance date. Customer is eligible to get maximum of 25000 EDGE Reward points in a given calendar month on achieving the spends milestone of Rs.1 Lakh.

25000 EDGE Reward points will be credited within a period of 90 Days from the end of the month. Spends are calculated on a calendar month basis i.e 1st of every month irrespective of card issuance date.

For your card, spends for the milestone benefit will be considered from 1st March 2023.
All spends are considered except wallet loads. However, effective from 5th March 2023, the spends threshold for Milestone benefits will exclude rent and wallet transactions.
Please visit the below link for Revision of Axis Bank Credit Card Terms and Conditions:
https://www.axisbank.com/docs/defau...it-card-terms-and-conditions-for-affluent.pdf
Thnks alot. That was a helpful summary.
 
Yes, kind of there but since many TnC keeps on changing, wanted to know the latest rules. The one's I found were 6 month to 1 year old threads and hence with the recent devaluation wanted to understand the latest conditions.
Any ways I got it clarified from Axis over an email for future proofing, sharing the response for the community here, hope it helps someone starting their journey with Magnus:

1. The edge reward points will be expired in 3 years if you have not redeemed and if no action on edge loyalty account (No Earn, No redemption, No login-If none of these activities are done by the customer points), then the rewards points will be expired in 365 days.
You may visit the below link to view the detailed terms and conditions for edge reward points:
https://edgerewards.axisbank.co.in/lms/terms-conditions?channel=Desktop

2. We wish to inform you that, the Grabdeals reward points would be credited if the below mentioned Terms and Conditions were followed

a. The same Axis Bank Credit card should have been entered during authentication for final payment.

b. Reward points will not be applicable on items that were already in your cart (added during a previous session) but need to be added post landing from the Axis Bank Grab Deals platform only.

c. User session on the affiliate page once redirected from Grab Deals to be eligible for reward points has to be maintained until the order is places.

d. Maximum 10,000 EDGE reward points can be earned per customer per month. A customer can earn only 10,000 reward points per month under grabdeal offer.

e. Reward points is not applicable on purchase of Gift vouchers, Gold & Silver coins.

f. Reward points is not applicable on purchases made with an Axis Bank NRE account.

g. Eligible Reward points will be paid within 90-120 days of the transaction date.

You may visit the below link to view the terms and conditions of grabdeal:
https://grabdeals.axisbank.com/home

3. With regards to the points earned for gift card purchases on Gift Edge transactions, you may earn accelerated EDGE REWARDS 5X/10X EDGE REWARD Points whenever you make a purchase from this voucher portal.

The Axis Bank EDGE REWARDS Points depend on the brand you choose. There is no upper limit on the points you can earn.

We would like to inform you that you can get upto 10X Reward Points on over 100 brand vouchers and 5X Reward Points on many major brands such as Uber, Ola, Big Bazaar, Mobile Recharge, Flipkart, Spencer‘s Retail, Grofers, Croma etc.

For every Rs. 200 spent on www.gyftr.com/edgerewards/ website, you will earn up to 10X EDGE REWARD Points.
The 10X / 5X EDGE REWARD Points earned during the said offer will be credited within 120 days from the date of the transaction.

Further, to know a limit on the transaction amount on gift edge portal, we request you to contact the gift edge portal support.
You may visit the below link for detailed terms and conditions:
https://campaign.axisbank.com/gener...89.1276054611.1667799813-567001213.1666941043

For any help regarding your Gift Voucher, please reach out to us:
a) Share your queries @ www.gyftr.com/edgerewards/contact-us
b) Call us @ 18001033314


4. With regards to milestone benefit of Magnus card, for New customers, the monthly milestone benefit will be applicable from the 1st of the upcoming month post the card issuance date. Customer is eligible to get maximum of 25000 EDGE Reward points in a given calendar month on achieving the spends milestone of Rs.1 Lakh.

25000 EDGE Reward points will be credited within a period of 90 Days from the end of the month. Spends are calculated on a calendar month basis i.e 1st of every month irrespective of card issuance date.

For your card, spends for the milestone benefit will be considered from 1st March 2023.
All spends are considered except wallet loads. However, effective from 5th March 2023, the spends threshold for Milestone benefits will exclude rent and wallet transactions.
Please visit the below link for Revision of Axis Bank Credit Card Terms and Conditions:
https://www.axisbank.com/docs/defau...it-card-terms-and-conditions-for-affluent.pdf
I think axis removed the first month restriction and now even first month would be credited if spend milestone is met, correct me if wrong
 
I think axis removed the first month restriction and now even first month would be credited if spend milestone is met, correct me if wrong
we will have 100% confirmation in 90 days 🙂

card issued 20th Feb, spent eligible spends >1L by 28th Feb so lets see on 1st Jun
 
Guys need a quick help. Does the property tax payment count towards milestone and do we get ER on this ?
Apologies if this is raised else where but i could not find it. I tried looking and i understand rent and wallet transaction are only excluded. Please confirm.
 

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