Revised terms and conditions for Spend based milestones

[AsB]

Devaluation alert
Affected cards- all axis bank credit cards
Effective from date- 5/03/2023
1% surcharge for rent payment upto Rs. 1500 per transaction.
No Reward points for Insurance premium payment.
Rent, Wallet transactions will not be counted towards monthly milestone benefit & annual fees reversal.



Full details here - http://Axbk.in/UNlPi9NbP1k

 

[WhoU]

Rent payments will still earn reward point though, right?

 

[AsB]

Rent payments will still earn reward point though, right?

Not sure. They said that milestone benefits will not be counted. But no mention of the reward points.

 

[004archit]

Insurance payment didn’t give point but counted on milestones

 

[WhoU]

Not sure. They said that milestone benefits will not be counted. But no mention of the reward points.

Yeah. With 3rd party charges of ~1.2 and axis charges of ~1, even if we consider total cost to be 2.25, we get a decent reward rate - the interest benefit, 4.8% miles and if we pay using our HDFC debit card, 1% cashback.

 

[WhoU]

Is there a way we can know what was the MCC for our transaction? Want to check what category NPS falls under.

 

[Deleted member 9785]

will school fees be covered. i have a 60k payment due next week

 

[AsB]

will school fees be covered. i have a 60k payment due next week

Depends on how it is categorised.
Example- While making Wallet reloads via the respective wallets, it is considered as Wallet. But, when done via "some" 3rd party apps, it is not considered as Wallet reloads.

 

[004archit]

will school fees be covered. i have a 60k payment due next week

all thing covered till 5 march 2023

 

[TheMentalist]

Devaluation alert
Affected cards- all axis bank credit cards
Effective from date- 5/03/2023
1% surcharge for rent payment upto Rs. 1500 per transaction.
No Reward points for Insurance premium payment.
Rent, Wallet transactions will not be counted towards monthly milestone benefit & annual fees reversal.

View attachment 9738View attachment 9738

Full details here - http://Axbk.in/UNlPi9NbP1k

From which link did you post the screenshot from? Because the link you gave ( http://Axbk.in/UNlPi9NbP1k ) downloads a PDF for me which doesn't mention Vistara cards in the exclusion list

 

[AsB]

From which link did you post the screenshot from? Because the link you gave ( http://Axbk.in/UNlPi9NbP1k ) downloads a PDF for me which doesn't mention Vistara cards in the exclusion list

The first page

 

[Harry1]

Nps, Tax and Utility payments is still there for both milestone and regular points 😉.

 

[WhoU]

Nps, Tax and Utility payments is still there for both milestone and regular points 😉.

How NPS? Doesn’t it come under insurance?

 

[anirban.choudhuryanirban.choudhury is verified member.]

How NPS? Doesn’t it come under insurance?

I think nps comes under government

 

[desaik231]

Which bank Cards are still free from this rent payment devaluation or atleast even after paying charges we get reward points or milestone benifits?

 

[Harry1]

Which bank Cards are still free from this rent payment devaluation or atleast even after paying charges we get reward points or milestone benifits?

Hdfc DCB on payzapp redgiraffe counts as insurance and gives 3.33% points.

Bob eterna gives 3.75% on payzapp wallet load, which can be used on redgiraffe, magicbricks or nobroker.

AU cards have no exception so far as well.

 

[BMR]

My few insurance premiums are due in April. I was planning to use Magnus for them.

So if I understand this correctly , I will not earn edge rewards on insurance payment , but it will still be counted in my spend based milestone of 1 lac ?

 

[Copycat]

My few insurance premiums are due in April. I was planning to use Magnus for them.

So if I understand this correctly , I will not earn edge rewards on insurance payment , but it will still be counted in my spend based milestone of 1 lac ?

Yes, I think so too

 

[Collector_sahab]

Insurance payment was a genuine transaction and should not have been excluded from RPs

 

[WhoU]

HSBC additional 1% if rent pay used. AU nothing so far.

In redgiraffe/magicbricks, rent agreement name and bank transfer name should match?

AU doesn’t give rp on insurance/rent/wallet right?

 

[Harry1]

HSBC additional 1% if rent pay used. AU nothing so far.

In redgiraffe/magicbricks, rent agreement name and bank transfer name should match?

Yeah, right. I completely forgot. Hsbc added charges from 25th Jan. I need to maintain some text file now to record all devaluations.

So, only AU bank remaining. Others will work as long as payzapp redgiraffe remains under insurance category.

Regarding agreement, yes both require agreement and bank account name to be same.