Magnus Rental Transaction Reward Points Query

[kumudjain]

I did 2 rental transactions this month
One for Rs 48651 and another for Rs 45584
Got the reward points for them just now,

48651 -> 2916 ER
45584 -> 72

On the axis website It was mentioned that there is ER cap of Rs 50000 per transaction. I did 2 different transactions So shouldn't I get ER respectively?
Or is it that total capping of ER for rental transactions is of Rs 50000? Can somebody please help me with this?

 

[WhoU]

I did 2 rental transactions this month
One for Rs 48651 and another for Rs 45584
Got the reward points for them just now,

48651 -> 2916 ER
45584 -> 72

On the axis website It was mentioned that there is ER cap of Rs 50000 per transaction. I did 2 different transactions So shouldn't I get ER respectively?
Or is it that total capping of ER for rental transactions is of Rs 50000? Can somebody please help me with this?

Yeah max is 50000 per month. Where did you make these transactions from? Magnus users’ rental transactions are failing.

 

[kumudjain]

1st one went through smoothly from freecharge although took 24 hours to credit, but second one kept failing on freecharge so had to go through nobroker. 2nd was settled in 1.5 hours

 

[004archit]

Rent payment count on milestone ? And what % charges freecharge charged and any charge charged by axis bank?

 

[kumudjain]

Rent payment count on milestone ? And what % charges freecharge charged and any charge charged by axis bank?

I think they are counted towards milestone and freecharge charges 1.15% + GST. No other charges by bank

 

[004archit]

I think they are counted towards milestone and freecharge charges 1.15% + GST. No other charges by bank

Thank for the update

 

[anotheruser]

Yeah max is 50000 per month. Where did you make these transactions from? Magnus users’ rental transactions are failing.

I did via payzapp, went smoothly

 

[kumudjain]

I did via payzapp, went smoothly

Are you able to link your magnus to payzapp? For me it kept failing saying "Transaction declined due to security reason" and axis bank support said that payzapp merchant is not sending them CVV and thus they are not able to verify the transaction.

 

[anotheruser]

Are you able to link your magnus to payzapp? For me it kept failing saying "Transaction declined due to security reason" and axis bank support said that payzapp merchant is not sending them CVV and thus they are not able to verify the transaction.

I have the newer payzapp app ( under beta). It was failing for me as well for older variant.
You can singup up to beta app ( available on android playstore) and wait for a day or two for whitelisting.
My account was whitelisted automatically within 1-2 days.

Not sure about ios though

 

[kumudjain]

I have the newer payzapp app ( under beta). It was failing for me as well for older variant.
You can singup up to beta app ( available on android playstore) and wait for a day or two for whitelisting.
My account was whitelisted automatically within 1-2 days.

Not sure about ios though

I signed up for payzapp beta 5 days ago, still shows that my number is in waitlist :/

 

[004archit]

I did via payzapp, went smoothly

What are the charges for rent pay in PayZapp?

 

[kumudjain]

What are the charges for rent pay in PayZapp?

Payzapp is used to pay rent via RedGiraffe who charges 0.39% + GST

 

[anotheruser]

Payzapp is used to pay rent via RedGiraffe who charges 0.39% + GST

yeah, as per my knowledge , cheapest of all

 

[anotheruser]

I signed up for payzapp beta 5 days ago, still shows that my number is in waitlist :/

maybe now a lot of folks have signed up. I did around 2-3 weeks back

 

[techiemag]

I contacted Axis bank to clarify whether it is per transaction capping or month capping, they first said it is per transaction capping. But I didn't get the reward points in accordance to that. Do you think it is worth pursuing them for this?

 

[satviksehgal]

I contacted Axis bank to clarify whether it is per transaction capping or month capping, they first said it is per transaction capping. But I didn't get the reward points in accordance to that. Do you think it is worth pursuing them for this?

Yes. Why not?

 

[CVR]

I contacted Axis bank to clarify whether it is per transaction capping or month capping, they first said it is per transaction capping. But I didn't get the reward points in accordance to that. Do you think it is worth pursuing them for this?

I have checked multiple times and also observed from my experience also. In a month you will get maximum of 3000 points from rent transactions. So it is per month and not per transaction.

 

[anirban.choudhuryanirban.choudhury is verified member.]

Maximum ER per month on any number of rental transaction is capped at 3000 ER