Axis Magnus Master List of Exclusions | Guide | Update Date: 9th June, 2023 - 5:30 AM IST

[SSV]

Now thread title be like

Axis Magnus Master List of Exclusions effective 9th June, 2023

or

EXCLUSION of MAGNUS from CC list?? effective 1st September 2023

I am confused...

 

[TheMentalist]

Do we still get normal Edge Reward for Rent payment capped at 3000 per month?

Yes, that's what the table says

 

[Warlock27]

Jewellery spends are still being considered for monthly and annual milestones after devaluations?

 

[Dragon_slayer]

Made payment for IBIS hotel, Abu Dhabi using Magnus CC. Today, I found out that they mark such hotel payments as Rent payments and charge 1% surcharge on the transaction. I have been charged twice as I booked for two days.

 

[sxchzy]

what is the mcc you got
anyways it isnt the banks fault
it is the hotels fault which classifies itsels under the rent mcc

Made payment for IBIS hotel, Abu Dhabi using Magnus CC. Today, I found out that they mark such hotel payments as Rent payments and charge 1% surcharge on the transaction. I have been charged twice as I booked for two days.

 

[Warlock27]

Made payment for IBIS hotel, Abu Dhabi using Magnus CC. Today, I found out that they mark such hotel payments as Rent payments and charge 1% surcharge on the transaction. I have been charged twice as I booked for two days.

Wow, that sounds extremely stupid from hotel' side if they're indeed sending info as rent.
Did you check if the 1% surcharge was explicitly named something related to Rent or Rental, or was it DCC?

 

[Dragon_slayer]

Wow, that sounds extremely stupid from hotel' side if they're indeed sending info as rent.
Did you check if the 1% surcharge was explicitly named something related to Rent or Rental, or was it DCC?

MCC was 6513. Surcharge was marked rental payment

 

[Girish40]

Update Date: 9th June, 2023 - 05:35 AM IST
(Added: Foreign Currency Transaction Fees + GST Exclusion)
Not able to update post header.

REGULAR ER POINTS

​

Sr. No.	Type	MCC	Limitations	Source​
1	Direct Wallet Loads	6540		https://edgerewards.axisbank.co.in/lms/terms-conditions SCHEDULE A
2	Rent	6513	Max 3000 ER Points per month	https://edgerewards.axisbank.co.in/lms/terms-conditions SCHEDULE A
3	EMI transactions	NA		https://edgerewards.axisbank.co.in/lms/terms-conditions SCHEDULE A
4	Joining/Renewal Fee + GST	NA		NA
5	Fuel	5541, 5542, 5983	Min spend of Rs. 4001 per transaction	TechnoFino Forums : User Tested
6	Insurance	6300, 6381, 5960, 6012, 6051	Max 6000 ER Points per transaction	https://edgerewards.axisbank.co.in/lms/terms-conditions SCHEDULE A
7	GrabDeals	NA	Max 10000 ER Points per month	https://grabdeals.axisbank.com/home
8	Foreign Currency Transaction Fees + GST	NA		NA
9	Any transaction below Rs. 200	NA		NA

MONTHLY MILESTONE - 25K ER Points on spend of 1 Lakh in the calendar month

​

Sr. No.	Type	MCC	Source
1	Direct Wallet Loads	6540	https://www.axisbank.com/docs/defau...it-card-terms-and-conditions-for-affluent.pdf
2	Rent	6513	https://www.axisbank.com/docs/defau...it-card-terms-and-conditions-for-affluent.pdf
3	Joining/Renewal Fee + GST	NA	NA
4	Foreign Currency Transaction Fees + GST	NA	NA

ANNUAL MILESTONE - Rs. 10000 + GST Fee Waiver on spend of Rs. 15 Lakhs and above as per the card preceding anniversary year

​

Sr. No.	Type	MCC	Source
1	Direct Wallet Loads	6540	https://www.axisbank.com/docs/defau...it-card-terms-and-conditions-for-affluent.pdf
2	Rent	6513	https://www.axisbank.com/docs/defau...it-card-terms-and-conditions-for-affluent.pdf
3	Joining/Renewal Fee + GST	NA	NA
4	Foreign Currency Transaction Fees + GST	NA	NA

GYFTR EDGE LIMITATION

• A customer (registered mobile number) can buy a maximum of Rs. 10,000 worth of Amazon Pay Gift Cards in a calendar month.
• A customer (registered mobile number) can buy a maximum of Rs. 50,000 worth of Amazon Shopping Vouchers in a calendar month.
• A customer (registered mobile number) can buy a maximum of Rs. 10,000 worth of Flipkart Gift Cards in a calendar month.
• A customer (registered mobile number) can buy a maximum of Rs. 20,000 worth of TATA CLiQ Gift Vouchers in a calendar month.
• A customer (registered mobile number) can buy a maximum of Rs. 2,50,000 worth of Gift Vouchers in a calendar month.

TIPS

• Indirect Wallet Loads (e.g. loading money in Paytm wallet via Uber at 0% charge) aren't categorised under MCC code of 6540 most of the times and are counted towards Regular ER Points, monthly milestone and annual milestone.
• Rent Payments made through RedGiraffe and PayZapp 2.0 combo are categorised as insurance spends and thus can be counted in monthly milestone and annual milestone.
• Advance payments done on EMIs like Education Loan, Car Loan, etc. are not considered as EMI Transactions. EMI Transactions are specifically those transactions which have been made on card and converted into EMI.
• Fuel Transactions between Rs. 400 and Rs. 4000 are awarded a fuel surcharge waiver of 1% and thus are not awarded Regular ER Points. So to gain Regular ER Points, do a transaction of at-least Rs. 4001.

Important TnC Links
1. https://www.axisbank.com/retail/car.../terms-and-conditions/important-announcements
2. https://www.axisbank.com/docs/default-source/default-document-library/mitc-credit-cards.pdf
3. https://edgerewards.axisbank.co.in/lms/terms-conditions
4. https://www.axisbank.com/docs/defau...xis-bank-credit-card-terms-and-conditions.pdf
5. https://www.technofino.in/community/threads/axis-magnus-important-tnc-links.2659/

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I am compiling a list of exclusions in a single thread that apply on Axis Magnus card as these are scattered around in multiple threads on the forum.

I'll keep updating this list. You guys are also welcomed to let me know about any addition or subtraction from this list.

If I purchase forex from Thomas cook with my credit card, would I be getting points or not?

 

[DevD]

If I purchase forex from Thomas cook with my credit card, would I be getting points or not?

It depends on thomas cook MCC code. if it is not in the exclusion then you will get points.

 

[Girish40]

It depends on thomas cook MCC code. if it is not in the exclusion then you will get points.

But how to know that in advance? Is there a way I can get upfront?

 

[Gaurav555]

Yes, that's what the table says

Does insurance count in monthly milestone as of today? I.e. before September?

 

[bvc19296]

Does insurance count in monthly milestone as of today? I.e. before September?

Yes. Before Seps1st it is counted and you get ER's too.

 

[deepcards]

Is there something like this for Infinia as well on the forum? I tried searching for Infinia Master List of Exclusions, but cant find any. Can anybody please prepare that as well?

 

[Virgo]

Yes. Before Seps1st it is counted and you get ER's too.

But it will continue to be eligible for ERs post 1st Sep also, isn’t it?

 

[srichaitanya]

Do we get Edge Rewards for whole transaction amount for fuel transactions of more than Rs. 4001?
and do we get fuel surcharge waiver for amount greater than Rs. 4001?
Has anyone tried this using axis magnus?

 

[bigbrain]

Do we get Edge Rewards for whole transaction amount for fuel transactions of more than Rs. 4001?
and do we get fuel surcharge waiver for amount greater than Rs. 4001?
Has anyone tried this using axis magnus?

You will not get fuel surcharge waiver for transactions greater than 4k but you will get ER.
I have been using axis Magnus regularly. I can’t recollect changes for this from Sept 1st though

 

[drsel]

Is there something like this for Infinia as well on the forum? I tried searching for Infinia Master List of Exclusions, but cant find any. Can anybody please prepare that as well?

With Magnus Burgundy, you dont need Infinia or any other card of HDFC

 

[drsel]

Infinia has very high requirements to be eligible --
42 lacs annual income
Or
10 lakh limit for card to card application (non HDFC card)
Or
8 lakh limit for HDFC card to card application + having spent 7.5 lakhs in the previous 6 months.

They should simply increase the fees and reduce the stringent eligibility criteria.
That would also be more profitable for the bank

 

[Prav]

Infinia has very high requirements to be eligible --
42 lacs annual income
Or
10 lakh limit for card to card application (non HDFC card)
Or
8 lakh limit for HDFC card to card application + having spent 7.5 lakhs in the previous 6 months.

They should simply increase the fees and reduce the stringent eligibility criteria.
That was also be more profitable for the bank

Infinia c2c possible? I don’t think so its possible now a days

 

[deepcards]

With Magnus Burgundy, you dont need Infinia or any other card of HDFC

But Axis Bank, given their track record, is the most untrustworthy brand now. And also I don't want this restriction of converting rewards only for Travel. I want a little more flexibility- like Tanishq vouchers, which Axis doesn't provide.
But the major reason is Axis has lost all its trust.