Axis Bank Magnus Credit Card Rewards and Milestone Benefits- Edge points not credited for few transactions

[Vish]

I have a Magnus card which I've used for 2 rent payments this month. One on CRED and another on Paytm. Haven't received edge reward points yet for both txns even though it's been more than 4 days since. Have attached txn and reward point screenshots.

1. How many days does it usually take for edge rewards to be credited? Should I wait further?
2. Or does it mean that my rent payments have not been counted as eligible for monthly milestone of 1L spends and I've to plan my future spends accordingly to meet the target without these 2 txns?

Thanks in advance.

 

[Wealth is my birth right!]

Amex is best for these.

yes on a trial basis used magnus.
using amex seamlessly for mrcc 1.5k*4 and gold 1k*6 and getting points both are direct loads

 

[princeagrawal16]

yes on a trial basis used magnus.
using amex seamlessly for mrcc 1.5k*4 and gold 1k*6 and getting points both are direct loads

I don't find Amex attractive because they don't have annual fee reversal option.
&
Apart from Marriott Bonvoy nothing seems promising..!!

 

[Wealth is my birth right!]

I don't find Amex attractive because they don't have annual fee reversal option.
&
Apart from Marriott Bonvoy nothing seems promising..!!

fact i too primarily focus on MB points from Amex
my gold charge no way i've to pay annual fee irrespective of spends.
MRCC mly 20k so i will hit 2.4l par annum so it will be waived with annual fee

 

[manikP]

I have now received all rent payment points as well

 

[keeler]

Magnus limit is 50K & Reserve limit is Rs 1 lakh for rental payment.

You can wait or follow up.

Got now. Yeah limit is 50k so you get 3k points. For amount in excess of 50k, rewards is capped at 3k

 

[manikP]

Magnus limit is 50K & Reserve limit is Rs 1 lakh for rental payment.

You can wait or follow up.

Per month or per transaction?

If per month then per statement cycle or per calendar month?

 

[princeagrawal16]

Per month or per transaction?

If per month then per statement cycle or per calendar month?

Per transaction.

 

[princeagrawal16]

fact i too primarily focus on MB points from Amex
my gold charge no way i've to pay annual fee irrespective of spends.
MRCC mly 20k so i will hit 2.4l par annum so it will be waived with annual fee

U.S. Amex Platinum & Gold Card are out of the world. They offer far superior benefits & fee is less as well.

Don't know what Amex is targeting in India.

 

[Wealth is my birth right!]

U.S. Amex Platinum & Gold Card are out of the world. They offer far superior benefits & fee is less as well.

Don't know what Amex is targeting in India.

US market they have tough competition with Chase i think and that too both Amex and Chase both have Marriott co branded cards that gives best offers to US market i feel.
For India plat charge is their big revenue card and centurion variant very rarely one in a state hold if i'm right

 

[princeagrawal16]

US market they have tough competition with Chase i think and that too both Amex and Chase both have Marriott co branded cards that gives best offers to US market i feel.
For India plat charge is their big revenue card and centurion variant very rarely one in a state hold if i'm right

They too have competition in India as well.
Like Infinia, Citi Prestige, Reserve, Magnus.

I'm just concerned that they are unable to create value for the Customers.

Now I see existing customers are surrendering this card because of that..!!

They should atleast offer MR points equivalent to joining & annual fee.

They do offer it while joining but not on renewal. That too doesn't cover the card cost.

Obviously people can convert to MB & feel that they have recovered the cost but still I believe on paper MR should be atleast 1,50,000.

 

[Wealth is my birth right!]

They too have competition in India as well.
Like Infinia, Citi Prestige, Reserve, Magnus.

I'm just concerned that they are unable to create value for the Customers.

Now I see existing customers are surrendering this card because of that..!!

They should atleast offer MR points equivalent to joining & annual fee.

They do offer it while joining but not on renewal. That too doesn't cover the card cost.

Obviously people can convert to MB & feel that they have recovered the cost but still I believe on paper MR should be atleast 1,50,000.

yes for FY the MRs worth the fee paid but from year 2 the pain starts

lot of users unable to get the value back for the hefty fee paid

agree the MB high tier which AmEx gives complimentary with plat charge is worthy for which if one need to stay that much nights its a big game of spend

Hope to see some good reward system in future (they wont reduce fee rather can give good MRs)

 

[Vickymaster1010]

Dear team .in my 1st 40k transaction i received proper points for rent payment however in 2nd TRANCSATION of 20k i did not recieve proper points. For 20k i received nly 295 points please assisst

 

[Vickymaster1010]

Will 1 lakh payment b counted in reward points calculation?

 

[gurbina]

Dear team .in my 1st 40k transaction i received proper points for rent payment however in 2nd TRANCSATION of 20k i did not recieve proper points. For 20k i received nly 295 points please assisst

Raise the complaint to Customer Service. No one here has the power to assist on this, they can only advice and probably tell you the possible outcome of that complaint.

Will 1 lakh payment b counted in reward points calculation?

1L payment of what?
Rent? Insurance? Utilities? Etc?
What third party provider did you use? Cred? Mobikwik? FreeCharge? etc?
What is the name of the merchant of the transaction?

Points exclusions and restrictions seem to based on MCC (merchant category code). With the information I asked above you can use the search function of the forum, there's threads dedicated to that and plenty of posts with the information you seek.

 

[Wealth is my birth right!]

Dear team .in my 1st 40k transaction i received proper points for rent payment however in 2nd TRANCSATION of 20k i did not recieve proper points. For 20k i received nly 295 points please assisst

Exactly me too in same situation
Like my case I used both paytmrental same day same amount but only for 1st transaction I got full points and the second one they deducted
I asked my office colleague and came to know the missed points sometimes get credited in next 24 hours else it wont
He suggested to use single rental payment in a month to avoid such situations but I got offer in paytm like that’s why I split and paid

 

[Vickymaster1010]

Exactly me too in same situation
Like my case I used both paytmrental same day same amount but only for 1st transaction I got full points and the second one they deducted
I asked my office colleague and came to know the missed points sometimes get credited in next 24 hours else it wont
He suggested to use single rental payment in a month to avoid such situations but I got offer in paytm like that’s why I split and paid

But i paid 1st rent 40k and second 20k. 1st 40k i got proper but for second 20k i got jst 252 points which is really strange. Anyone facing same issue please assist

 

[Vickymaster1010]

Customer care told me max 50k rent reward points even if u do in 2-3 parts is it true guyz??

 

[gurbina]

Customer care told me max 50k rent reward points even if u do in 2-3 parts is it true guyz??

Read the TnC. It's capped to 50k per transaction, but it isn't clear whether that's monthly or not.

Axis Magnus - Important TnC Links | All T&C of Axis Magnus Credit card

Seeing some confusion around Magnus spends - what are the exclusion and capping hence consolidating all important TnC links for reference. EDGE Rewards & Anunual Benefits 25000 Edge RP for spending 1 lakh in cal month TnC...

www.technofino.in

Perhaps based on documents you can fight it? If they keep bringing it up you can ask them to share the document that says it's monthly or you can share them that document from the thread I posted.

 

[Wealth is my birth right!]

Customer care told me max 50k rent reward points even if u do in 2-3 parts is it true guyz??

Yes more than 50k we have to pay maintenance and tuition fee that’s the learning for me this month
But not sure whether the 50k above rental amount gets considered for 1lakh milestone that we have to wait till March lol

 

[Aayush25]

I am looking to get Axis Magnus but after seeing this "Maara maari " I am confused,
I majorly pay rent of 45k and 30k( two different rental agreements) via cc so can anyone suggest if should I get Magnus or not?