Axis Bank Liberty Savings Account Benefits

[Deleted member 2540]

Axis Liberty Savings Account is the Best Savings for those who can

Spend 10,000 INR Per month On Food, Entertainment, Shopping and Travel via Axis Liberty Debit Card
and
Spend 15,000 INR Per Month at any Merchant ** via UPI or Axis Liberty Debit Card.

If we Fulfill Above Spending Criteria We get following Benifits in return with Maximized Savings:-

■
A Zero Balance Account.

Condition:-
Merchant Spends** of 25k/Month is required to get NMC Waiver for that Particular Month.

■
A Voucher of 750 INR per Quarter.

Condition:-
Merchant Spends** of 60k/Quarter is Required.

Redemption Link:- https://www.gyftr.com/rewards/axisbankspendscampaign/

■
5% upto 500 INR Cashback Per Month.

For Birthday Month Cashback Amount is 5% upto 1,000 INR.



Condition:-
● Spends* Done at Selected Merchant Categories mentioned above will only be Considered.
●Txns Done on Saturday and Sunday will only be Considered.


Redemption can be done

Via Internet Banking 👇

Menu》Services》Other》Debit Card Cashback

Or
Via Mobile App 👇

Menu》Service Request》Cards and Forex》Debit Card Cashback



*Find Eligible MCCs for Weekend 5% Cashback at Below Link* 👇

https://www.axisbank.com/docs/default-source/default-document-library/liberty-cashback-tnc.pdf

■
One Domestic Lounge Access Per Quarter.

■
** Find Excluded Spends/MCCs for NMC waiver and 750 GV at Below Link** 👇

https://www.axisbank.com/docs/default-source/default-document-library/liberty-savings-account-lifestyle-benefits-terms-and-conditions.pdf

Note:- Now, You can Open Liberty Account Digitally and You will get a Virtual Debit Card as well along with the Physical Liberty Debit Card.

But Beware, the Virtual Debit Card issued with Digital Axis Liberty Account is not an E-debit Card which is issued by Axis Bank with other Digital Account Variants.

OVERALL Benifits
1000*01
500*11
750*04

Total- 9,500 INR.

Consolidated Charges:-

1. Sms Charges:- 17.7*4
Total 71 INR (including GST)

2. Liberty Debit Card Annual Fee:-
354 INR (including GST)

Net Annual Savings:-9,075 INR

 

[gabu]

Credit card bill payment is acceptable for 60k spend?

 

[SSV]

Credit card bill payment is acceptable for 60k spend?

Yes, read my previous posts in this thread

 

[gabu]

Yes, read my previous posts in this thread

Wasn’t specific, i paid via phonepe will that be counted for amb and 60k spend?

 

[SSV]

Wasn’t specific, i paid via phonepe will that be counted for amb and 60k spend?

Paid via cred counts, don’t know about pp

 

[skvignesh]

as you said it is your fitst time.. wait for a few days.. you should get..
I hope you crossed the payments to more thatn 60K.. not just 60K.

were the transactions showing as P2M transactions?

Checked now, 750rs voucher added.. thanks sir

 

[DishaSingh]

Hello everyone. New here. Can someone tell me that are these payment methods eligible for MAB as well as for quarterly voucher

 

[prk]

Transaction date and time?

7th June* around 8pm ₹8400/- at Shopperstop store

 

[6ix9ine]

7th June* around 8pm ₹8400/- at Shopperstop store

Most likely shopperstop shop using excluded mcc, hence no cashback.

 

[EliteUser]

7th June* around 8pm ₹8400/- at Shopperstop store

In app, go to money manager, and check your spends category. If it shows excluded category, then you know your answer.

 

[prk]

In app, go to money manager, and check your spends category. If it shows excluded category, then you know your answer.

It is showing under Shopping> Grocery and consumables

What should I do

 

[EliteUser]

It is showing under Shopping> Grocery and consumables

What should I do

Your category is right but the MCC used must be different than departmental store that's why you didn't got cashback. Beware when they say Shopping as a category of cashback but there are limited MCC's of shopping eligible for cashback.

 

[prk]

Your category is right but the MCC used must be different than departmental store that's why you didn't got cashback. Beware when they say Shopping as a category of cashback but there are limited MCC's of shopping eligible for cashback.

What to do? How do I know? Shoppers stop is a proper shopping store and I don't think that MCC would be excluded.

 

[prk]

Most likely shopperstop shop using excluded mcc, hence no cashback.

How to know mcc?

 

[6ix9ine]

How to know mcc?

First I need to know your CCs and DCs since axis DC won't be of any help.

 

[EliteUser]

How to know mcc?

I use IDFC CC to know MCC of the online sites before paying. Just select UPI and pay via IDFC CC on UPI, It usually fails but you get top know the MCC in the IDFC app. Also, If your use case is genuine online shopping, then get KOTAK 811 DC. They give 5% Cashback till 500Rs. without this MCC exclusion (There are few exclusions but nominal for genuine spenders).

 

[EliteUser]

What to do? How do I know? Shoppers stop is a proper shopping store and I don't think that MCC would be excluded.

Also use case of this axis liberty account for me is to buy Gift cards, Amazon or Flipkart shopping, DMART etc. Here, in this places you get sure shot cashback. Also amazon pay gift cards balance are accepted in many places like Zomato, Ola etc. Also, You may use account for your genuine UPI spends, mostly for that 10k additional spends you get 750 Rs apay coupon a quarter ( 2.5% cashback not bad for offline spends).

 

[Wealth is my birth right!]

Your category is right but the MCC used must be different than departmental store that's why you didn't got cashback. Beware when they say Shopping as a category of cashback but there are limited MCC's of shopping eligible for cashback.

Fact
No petrol pump is showing departmental store mcc as error😜
There they’re perfectly coding

 

[prk]

First I need to know your CCs and DCs since axis DC won't be of any help.

I had used Axis liherty DC as the 5% offer is on the same

 

[6ix9ine]

I had used Axis liherty DC as the 5% offer is on the same

You can't figure out mcc from axis DC, axis is unable to check that for you.

 

[Strange]

You can't figure out mcc from axis DC, axis is unable to check that for you.

Axis can confirm the MCC if your case is assigned to a knowledgeable agent.