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Revised terms and conditions for Spend based milestones

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AsB

AsB

TF Legend
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.

4E2AF578-113C-4E20-AB4E-0A500D1FE6B0.png 4E2AF578-113C-4E20-AB4E-0A500D1FE6B0.png

Full details here - http://Axbk.in/UNlPi9NbP1k
 
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Copycat said:
I'm beginning to think Insurance will continue to earn RP in Magnus. Hope that is the case

I got this link too via SMS. I have 2 Axis cards: Magnus & Flipkart and quite clearly this isn't for the Flipkart one. Happy days may be here again 🙂
Writing to premium.experience@axisbank.com now to ask about Insurance payments in Magnus. Will post their reply
Click to expand...
You get this msg with card no, can you check and cnfm which card
 
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I have select card and Magnus. Received different pdfs for both.
For Select this was mentioned- Insurance, rent, fuel, educational services, utilities and government spends will not be eligible for EDGE REWARDS

While for Magnus this wasn’t mentioned, only rent & wallet was there

1) I don’t have Vistara Infinite so anyone who has that card and received sms for that card, can confirm have there been exclusions for that card as Magnus pdf has list of cards which doesn’t include Vistara cards but just wanted to confirm with Vistara holders

2) I know the answer is obvious but just to be sure since this is applicable from 5th March if I pay rent on 2nd March that will be included for March milestone benefit?
 
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I
CVR said:
I have select card and Magnus. Received different pdfs for both.
For Select this was mentioned- Insurance, rent, fuel, educational services, utilities and government spends will not be eligible for EDGE REWARDS

While for Magnus this wasn’t mentioned, only rent & wallet was there

1) I don’t have Vistara Infinite so anyone who has that card and received sms for that card, can confirm have there been exclusions for that card as Magnus pdf has list of cards which doesn’t include Vistara cards but just wanted to confirm with Vistara holders

2) I know the answer is obvious but just to be sure since this is applicable from 5th March if I pay rent on 2nd March that will be included for March milestone benefit?
Click to expand...
I have also received separate TNC for my select and Magnus

Magnus there is no mention of insurance will not give ER, where select days there will no ER on insurance , fuel rent etc , also I think rent payment uptill 50k is included for milestone for select no such relaxation for Magnus
 
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CVR said:
I have select card and Magnus. Received different pdfs for both.
For Select this was mentioned- Insurance, rent, fuel, educational services, utilities and government spends will not be eligible for EDGE REWARDS

While for Magnus this wasn’t mentioned, only rent & wallet was there

1) I don’t have Vistara Infinite so anyone who has that card and received sms for that card, can confirm have there been exclusions for that card as Magnus pdf has list of cards which doesn’t include Vistara cards but just wanted to confirm with Vistara holders

2) I know the answer is obvious but just to be sure since this is applicable from 5th March if I pay rent on 2nd March that will be included for March milestone benefit?
Click to expand...
Lol i just applied select (LTF as burgundy) yesterday and today it's devalued. I had privilege earlier and i closed it that thinking select will give at least utility points 😭.

Should have waited for my zone ltf. At least swiggy 40% would have been useful. With select , it require 400 minimum order😅.
 
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Harry1 said:
I don't have this card. I just mentioned wallet loading is excluded and u r getting points as it is being considered as utility.
Click to expand...
Yes I know, but what I wanted to say is whenever we use FK and Ace for Paytm wallet load, transaction recognise as merchant transaction and not as wallet transaction. But this is not applicable for freecharge card. If we use freecharge card, it will be counted as wallet transaction every time. But not applicable for Ace and FK. I checked this many times. I think Paytm has made some conditions with selected cards
 
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anirban.choudhury said:
I

I have also received separate TNC for my select and Magnus

Magnus there is no mention of insurance will not give ER, where select days there will no ER on insurance , fuel rent etc , also I think rent payment uptill 50k is included for milestone for select no such relaxation for Magnus
Click to expand...
No. Rent is excluded for milestone even in Select. If it is excluded in Magnus it is obvious it would be excluded in lower variant card.

This is what is written for Select
Spends threshold for Milestone benefits will exclude rent and wallet transactions
o Example- you made yearly spends of INR 300,000 on your Select Credit Card. Although, if INR 300,000 spends include rent or wallet transaction of INR 50,000, you will not be eligible for milestone benefits.

Honestly I am surprised they haven’t put rent restriction on Vistara cards. Infinite is on par with Magnus while other two are below Magnus. Hence, just wanted to confirm what sms Vistara card holders have received.
 
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CVR said:
No. Rent is excluded for milestone even in Select. If it is excluded in Magnus it is obvious it would be excluded in lower variant card.

This is what is written for Select
Spends threshold for Milestone benefits will exclude rent and wallet transactions
o Example- you made yearly spends of INR 300,000 on your Select Credit Card. Although, if INR 300,000 spends include rent or wallet transaction of INR 50,000, you will not be eligible for milestone benefits.

Honestly I am surprised they haven’t put rent restriction on Vistara cards. Infinite is on par with Magnus while other two are below Magnus. Hence, just wanted to confirm what sms Vistara card holders have received.
Click to expand...
What is the subject of the mail or content of the sms? I didn't receive any sms or mail.
 
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cmg said:
What is the subject of the mail or content of the sms? I didn't receive any sms or mail.
Click to expand...
For select (sms had last 4 digits of select card)
The terms and conditions on your Axis Bank Credit Card no.XXXXXX will be revised w.e.f. 05-03-2023. For details, visit Axbk.in/UEm55rU1Lyo

For Magnus (sms had last 4 digits of Magnus)
The terms and conditions on your Axis Bank Credit Card no.XXXXXX will be revised w.e.f. 05-03-2023. For details, visit Axbk.in/UEB8KLYubon

If someone recvd similar sms for holding Vistara Infinite card, pls post
 
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