Axis Magnus credit card is getting blocked if we make a transaction using BharatNXT app.Anyone else faing same?

[Gouthamreddy91]

Axis Magnus credit card is getting blocked if we make a transaction using BharatNXT app.
Any one else faced this issue ?

 

[ADITYA1904]

Mine got blocked even on gyftr today morning

😂 hehehe…that’s great

 

[anirban.choudhuryanirban.choudhury is verified member.]

Wow that shouldn’t happen since it’s an extension of the axis cc program.

Were you able to unblock it?

Yes
Got a call from customer care and they unblocked it

 

[SiddharthR]

Looks like banks play a dirty game by so called 'security reasons' & block personal credit cards for the txns where there is low earning or high cashback. (However it's justified for large txns, irregular timing, etc but not for Gyftr, Zingoy, etc)
SBI is the prime example,
And looks like Axis is following them

P.S. I have never received this so called security reasons blockage for Business HDFC CC, even for ₹80k (which was never done before in this card); I think HDFC is happy with the chunk they get from business CC with less cb to customer.

 

[hvninhll]

Posting a link to my comment in another thread discussing similar thing:

PSA : Stop using BharatNXT immediately

Not all banks would be worrying about this. For Axis, Magnus is a loss making card (probably for now). Hence they want it to reach to max people who will make it a profitable card. But if they don’t identify the leeches then a small chunk will always make the card a loss for them. Hence they are...

www.technofino.in

 

[Dreamer]

First time user query: Can I use bhartnxt to pay interior bank account 4 lacs using my magnus card?

This is because Interior is asking 2% for direct card transaction.

 

[Deleted member 11974]

First time user query: Can I use bhartnxt to pay interior bank account 4 lacs using my magnus card?

This is because Interior is asking 2% for direct card transaction.

Technically this is a personal spend so as long as you have an invoice for the same no problem as you will be able to justify the spend.
Secondly the interior can't ask you for mdr
Tell him you will complain to his bank issuing PoS that the merchant is charging mdr from customers.
According to rbi rule merchants have to bear this cost

 

[VijayflyRaven]

Folks who used for gst payments, can it be sent as response and is it considered personal expense? GST is only required for business right? So sending this as response will help Axis close the card?

 

[Deleted member 11974]

Folks who used for gst payments, can it be sent as response and is it considered personal expense? GST is only required for business right? So sending this as response will help Axis close the card?

Indirectly adding money to bank then paying gst will be considered as a buisness payment and axis may close the cadd

 

[VijayflyRaven]

With so many people getting email from Axis for business spend, do you want to spend time unblocking your account?

First time user query: Can I use bhartnxt to pay interior bank account 4 lacs using my magnus card?

This is because Interior is asking 2% for direct card transaction.

 

[VijayflyRaven]

This thread is a good learning to take the first sign of trouble and act. If people had seen the blocking of bharatnxt, they could have avoided card closure. Lesson learnt is to never use obvious and popular tricks for credit card games. If we want to use popular tricks, it must be not obvious and must be masked. Like using Paytm or Amazon is popular but hard to send notice to so many users.

 

[gurbina]

N

This thread is a good learning to take the first sign of trouble and act. If people had seen the blocking of bharatnxt, they could have avoided card closure. Lesson learnt is to never use obvious and popular tricks for credit card games. If we want to use popular tricks, it must be not obvious and must be masked. Like using Paytm or Amazon is popular but hard to send notice to so many users.

Not just that, but the amounts too. And some are very obvious.