Magnus 1 lakh milestone with Government transactions?

[ppkiran100]

Hi all,
I have to remit 1 lakh to my parents NPS accounts next month. Planning to pay it with Magnus card. Not sure if the base reward and Mile stone reward of 25k is applicable on Government transactions like NPS. please help

 

[Copycat]

Base reward is applicable to Government transactions like advance tax (got points using Magnus). So there is no reason why it should not be applicable to NPS. Also, the TnC for the milestone benefit does not exclude Govt. transactions. So you should get it without any problems

Proof:

Best Card for NPS Tier 1 Investment

I Want to invest 50k to NPS, which is the best card for it? Few of my cards- HDFC DCB Axis Magnus Amex MRCC Amex Gold Charge Bob Eterna Sbi Vistara Prime Sbi cashback Indusind Legend If you have anything better, do share. Again, its for tier 1. @TechnoFino @Tejas

www.technofino.in

 

[jack333]

Which all methods you are using to achieve milestones and rotate? @Wealth is my birth right! Any method to get 5% from cashback card? (You can DM me too). Thanks

 

[Walter White]

Hi all,
I have to remit 1 lakh to my parents NPS accounts next month. Planning to pay it with Magnus card. Not sure if the base reward and Mile stone reward of 25k is applicable on Government transactions like NPS. please help

Axis Bank hasn't put any restrictions on government transactions on their premium cards as of now. So, you will get the points and spends will be considered for milestone benefits.

(Used Axis Vistara Signature for advance tax payment. Received the base CV points, first year fee waiver for crossing 60000 spent as well as 3000 CV bonus points on spends of 75000)

 

[Wealth is my birth right!]

Which all methods you are using to achieve milestones and rotate? @Wealth is my birth right! Any method to get 5% from cashback card? (You can DM me too). Thanks

Rotation use pencilton and paytm fastag (mostly I do 20k in a month)
80 k getting real retail spends for 2 families spending together and bill share
My honest opinion one can’t rotate full 1lac in magnus at all

 

[jack333]

Thanks for sharing bro. Great idea. How do you share the rewards received for 2 families?

 

[viveksingh1005]

Rotation use pencilton and paytm fastag (mostly I do 20k in a month)
80 k getting real retail spends for 2 families spending together and bill share
My honest opinion one can’t rotate full 1lac in magnus at all

how do u rotate 20k ? break up please between 2

 

[Wealth is my birth right!]

how do u rotate 20k ? break up please between 2

Both 10k monthly each limit