Axis Bank Co-branded Credit Cards Huge Devaluation - MCC Exclusion List

[VikasBhindwar]

Huge devaluation alert!
Axis bank devalued their multiple co-branded credit cards.
Purchases made towards government services, insurance, education, and rental payments shall not be eligible for Cashback/reward on Airtel Axis, Samsung Axis, Freecharge Axis, LIC Axis and Axis SpiceJet co-branded credit cards from 10th December 2023.

One positive thing is, axis vistara co-branded credit cards are not included in the list.

 

[avikrish]

It's not devaluating in this aspect!

It'll keep working until Axis changes something in FreeCharge ondeck payments.

Insurance payments will not be getting any cashback from dec 10 2023 via axis freecharge credit cards

I didn't understand your point of "freecharge ondeck payments"

 

[D₹V]

Insurance payments will not be getting any cashback from dec 10 2023 via axis freecharge credit cards

I didn't understand your point of "freecharge ondeck payments"

The first thing you should know that is, FreeCharge wallet load or other payments have UTILITY MCC (4900).

So it won't be devaluating soon because this is the key feature (UTILITY MCC) of this card.

Ondeck means, transaction done on FreeCharge app.

Non-Ondeck means transaction done via via FreeCharge website i.e. non-app transaction.

In both cases utility & merchant is same, so for 5/1% cashback fetching, everything depends on this ondeck system.

 

[avikrish]

The first thing you should know that is, FreeCharge wallet load or other payments have UTILITY MCC (4900).

So it won't be devaluating soon because this is the key feature (UTILITY MCC) of this card.

Ondeck means, transaction done on FreeCharge app.

Non-Ondeck means transaction done via via FreeCharge website i.e. non-app transaction.

In both cases utility & merchant is same, so for 5/1% cashback fetching, everything depends on this ondeck system.

Thanks for the explanation, will we be able to know what is the mcc before proceeding with the payment? Or any other way we can know about this mcc ?

 

[D₹V]

Thanks for the explanation, will we be able to know what is the mcc before proceeding with the payment? Or any other way we can know about this mcc ?

You can't until you do a transaction.

 

[sri222]

The first thing you should know that is, FreeCharge wallet load or other payments have UTILITY MCC (4900).

So it won't be devaluating soon because this is the key feature (UTILITY MCC) of this card.

Ondeck means, transaction done on FreeCharge app.

Non-Ondeck means transaction done via via FreeCharge website i.e. non-app transaction.

In both cases utility & merchant is same, so for 5/1% cashback fetching, everything depends on this ondeck system.

I have done Mobile recharge and Insurance payment via freecharge app in October 2023.

The merchant name is same for both the transactions. Statement showing different category for both as Utilities and Insurance.

I have contacted Customer support, they told me MCC for Recharge & Utilities 4814 and for Insurance 6300. So it looks MCC issue already fixed, no cashback on Insurance from next month. @avikrish

 

[D₹V]

I have done Mobile recharge and Insurance payment via freecharge app in October 2023.

The merchant name is same for both the transactions. Statement showing different category for both as Utilities and Insurance.

I have contacted Customer support, they told me MCC for Recharge & Utilities 4814 and for Insurance 6300. So it looks MCC issue already fixed, no cashback on Insurance from next month. @avikrish

Then this is the end as they separated MCC for insurance transactions.

Till now they have been using single MCC for all transactions be it, Utility payment, wallet load or anything.

 

[D₹V]

I personally never did insurance payment from this card, can't confirm much.

 

[SpiesCan'tCatchMe]

I personally never did insurance payment from this card, can't confirm much.

I will do it rn and let's see what happens

 

[D₹V]

I will do it rn and let's see what happens

W o w

 

[pothi]

Was remembering this one of my friend has 6 connection airtel he was doing recharge his account got flagged
all his spends are genuine

He has postpaid for him and wife (different number)
For his brother
His own prepaid
one DTH and one for dongle

Wow. What happened then? Did Axis reinstate / reactivate the card? Or did they just bar him from all the benefits (past and future)?

 

[D₹V]

Wow. What happened then? Did Axis reinstate / reactivate the card? Or did they just bar him from all the benefits (past and future)?

Maybe but he can delete CRN & apply things again 😂

 

[SpiesCan'tCatchMe]

W o w

Did the transaction will have to wait till it gets settled and even after that till the statement gets generated 😄

 

[D₹V]

Did the transaction will have to wait till it gets settled and even after that till the statement gets generated 😄

After transaction settle, you can ask customer care the MCC.

 

[SpiesCan'tCatchMe]

After transaction settle, you can ask customer care the MCC.

Yes I'll do it

 

[Slayer]

Yep i only asked him apply for airtel axis

I want to sapply

 

[Abhishek012]

The first thing you should know that is, FreeCharge wallet load or other payments have UTILITY MCC (4900).

So it won't be devaluating soon because this is the key feature (UTILITY MCC) of this card.

Ondeck means, transaction done on FreeCharge app.

Non-Ondeck means transaction done via via FreeCharge website i.e. non-app transaction.

In both cases utility & merchant is same, so for 5/1% cashback fetching, everything depends on this ondeck system.

Yeh naya term kaha se ijat kiya ? "Ondeck" ? Axis bank ya freecharge ne kahi likha hai ya khud se he invent kar diye ?

Type kiya phir maine khud he dhund liya Axis k website par "on-deck spends" - https://www.axisbank.com/docs/default-source/default-document-library/cashback-tandc.pdf

Aise yeh 5% cashback pe capping nahi hai na ?

 

[Virgo]

The first thing you should know that is, FreeCharge wallet load or other payments have UTILITY MCC (4900).

So it won't be devaluating soon because this is the key feature (UTILITY MCC) of this card.

Ondeck means, transaction done on FreeCharge app.

Non-Ondeck means transaction done via via FreeCharge website i.e. non-app transaction.

In both cases utility & merchant is same, so for 5/1% cashback fetching, everything depends on this ondeck system.

Even Magnus and Reserve continue to give points for insurance spends. No restriction there.

Tata Neu Infinity also gives rewards on insurance subject to two restrictions viz.
- Maximum monthly spends of Rs 50k for bill payment only will earn 5% Neu coins
- Each payment of insurance should be below Rs 25k. If it is more than 25k, then credit card option does not appear as payment mode

 

[avikrish]

Even Magnus and Reserve continue to give points for insurance spends. No restriction there.

Tata Neu Infinity also gives rewards on insurance subject to two restrictions viz.
- Maximum monthly spends of Rs 50k for bill payment only will earn 5% Neu coins
- Each payment of insurance should be below Rs 25k. If it is more than 25k, then credit card option does not appear as payment mode

Then Tata neu infinity is of no use for insurance, generally insurance payments in range of 30-50k

 

[Pavan]

Wow. What happened then? Did Axis reinstate / reactivate the card? Or did they just bar him from all the benefits (past and future)?

Ok i got the full email they have asked him share the prof of invoice and they have not awarded last month cashbcak
Card is very much active

 

[D₹V]

Yeh naya term kaha se ijat kiya ? "Ondeck" ? Axis bank ya freecharge ne kahi likha hai ya khud se he invent kar diye ?

Type kiya phir maine khud he dhund liya Axis k website par "on-deck spends" - https://www.axisbank.com/docs/default-source/default-document-library/cashback-tandc.pdf

Aise yeh 5% cashback pe capping nahi hai na ?

Tumhari Komedy par rou ya hasu samajh nahi aa raha 😞🤣.