• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

Axis Magnus Suggest the best possible way to do 10L transaction to get best reward rate form Axis magnus

Apply For Lifetime Free IDFC First Credit Card
Bhavik567

Bhavik567

TF Buzz
RML Group
VIP Lounge
Verified User
I have a legitimate spend of Rs. 10 Lakh coming up in February. This amount is going to be paid to my co-operative housing society as a one-time payment for repairs. Is there any way to convert this into Axis Magnus accelerated spend? I am willing to reimburse up to 2% MDR if needed to the platform/merchant who can help me with this. I want only legal hacks, grey areas are fine but nothing against any hard rules. Anyone wanna take up this challenge?
 
Apply For LTF AU LIT Credit Card
Sort by date Sort by votes
Bhavik567 said:
Even if everything went well, Axis can still deny points saying it is not a grocery transaction. In that case, I pay 2% to cashfree but get no points. Big risk it seems.
Click to expand...
Pretty big risk.. grocery worth 10L, might get flagged as commercial tnx
Atleast choose some other MCC where 10L tnx are possible for personal use like gold, jewellery, car etc. (also check whether they are eligible for RP or not)
 
Upvote 0 Downvote
TheMentalist said:
Pretty big risk.. grocery worth 10L, might get flagged as commercial tnx
Atleast choose some other MCC where 10L tnx are possible for personal use like gold, jewellery, car etc. (also check whether they are eligible for RP or not)
Click to expand...
Thanks, I agree. I have no idea who decides the MCC though. Will talk to cashfree team and explore if this is worth going ahead with.
 
Upvote 0 Downvote
Bhavik567 said:
I have a legitimate spend of Rs. 10 Lakh coming up in February. This amount is going to be paid to my co-operative housing society as a one-time payment for repairs. Is there any way to convert this into Axis Magnus accelerated spend? I am willing to reimburse up to 2% MDR if needed to the platform/merchant who can help me with this. I want only legal hacks, grey areas are fine but nothing against any hard rules. Anyone wanna take up this challenge?
Click to expand...
If u really want to be sure just call up or send an email to pno you should get a reply if it is eligible to be considered for large amount transaction banks are finiky. Except Amex if u have plat chg.
 
Upvote 0 Downvote
anilgowda said:
Be cautious when using snapay as axis team will send notice marking the transactions as business expenses. Just I did 3 lakhs ( 1lakh each from 3 different cards) , i received notice to submit the evidence. Dont know what to submit as snapay doesn't provide any invoices. Neither i can track older transactions in the snapay app.

If anyone can suggest what to reply for the email, please advice.
Click to expand...
Email them asking for proof of how these transactions are Business transactions.
Also, tell them to stop monitoring your transaction unnecessarily else you will sue them.

And finally, threaten them saying if they continue doing these stupid things, You will close all relations with them and also advise your family and friends to do the same.
 
Upvote 0 Downvote
You must log in or register to reply here.
Back
Top