Axis Magnus Query about 35 ERP beyond 1.5 lakhs

[ketz1981]

This is pertaining to Axis Magnus September 2023 devaluation.
Has anyone ever figured out how the 12 reward points till 1.5 lakhs and 35 beyond works?
1. What should be the ER points for a spend of 2 lakhs?
2. Are all the points awarded in one shot for a transaction over 1.5 lakhs? I made a transaction of 4 lakhs and have only basic points awarded.

 

[kameshee17]

Has anyone ever figured this out? 12 reward points till 1.5 lakhs and 35 beyond.
1. What should be the ER points for a spend of 2 lakhs?
2. Are all the points awarded in one shot for a transaction over 1.5 lakhs? I made a transaction of 4 lakhs and have only basic points awarded.

You will get the extra ER points after 2 months

 

[amitr29]

This is pertaining to Axis Magnus September 2023 devaluation.
Has anyone ever figured out how the 12 reward points till 1.5 lakhs and 35 beyond works?
1. What should be the ER points for a spend of 2 lakhs?
2. Are all the points awarded in one shot for a transaction over 1.5 lakhs? I made a transaction of 4 lakhs and have only basic points awarded.

1) 9000 + 8750
2) basic points i.e 12/200 you will get in tranches in normal time and rest 23/200 after 45 days of transaction

 

[scrounger92]

This is pertaining to Axis Magnus September 2023 devaluation.
Has anyone ever figured out how the 12 reward points till 1.5 lakhs and 35 beyond works?
1. What should be the ER points for a spend of 2 lakhs?
2. Are all the points awarded in one shot for a transaction over 1.5 lakhs? I made a transaction of 4 lakhs and have only basic points awarded.

The normal ER points (12 points per INR 200) are awarded 15d from transaction. The accelerated ER points (23 per INR 200) are awarded 45d from the last day of the month in which transaction occured. Note the accelerated points only apply to the amount of monthly spend that's greater than INR 1,50,000.

For your example, if you spent 2L on Apr-10, you would get 12000 points around Apr-25. You would get the (23*50000) = 5750 points on Jun-15.

 

[MS R]

+ + +

 

[archit120]

Yes one shot transactions contribute. My guess is its simply spend-1.5l /200 * 12