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

[bvc19296]

Yes pls tell me

I got ER for Insurance payments that is maximum of 6000 points recently. I am not sure of NPS transactions.

 

[Wealth is my birth right!]

I got ER for Insurance payments that is maximum of 6000 points recently. I am not sure of NPS transactions.

Wow its great
NPS anyways before December I need to pay 50k I do it and let u know later
So if u pay insurance premiums more than 1l also u get cappped 6k only?

 

[Pavan]

I got ER for Insurance payments that is maximum of 6000 points recently. I am not sure of NPS transactions.

Oh nice hope they give points

 

[bvc19296]

Wow its great
NPS anyways before December I need to pay 50k I do it and let u know later
So if u pay insurance premiums more than 1l also u get cappped 6k only?

Yes below 1L calculated and given based on spends. For 1L and above it will be given only 6000 points.

Images attached.

 

[Hisoka]

Update Date: 12th Apr, 2023 - 11:00 AM IST (Added Sources; Gyftr Limits)

REGULAR ER POINTS

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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

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

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

GYFTR LIMITS - Gyftr Edge has recently introduced some new restrictions based on account age.

​

Sr. No.	Account Age
1	Max INR 10k vouchers in first 15 days
2	Max INR 25k vouchers in first 30 days
3	Max INR 75k vouchers in first 90 days
4	Max INR 100k per month thereafter

-- 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.

Are Gold purchases (offline) eligible for monthly milestone? I read somewhere that it's not counted but if someone can confirm that'd be great

 

[James2307mr]

Are Gold purchases (offline) eligible for monthly milestone? I read somewhere that it's not counted but if someone can confirm that'd be great

They are eligible for monthly milestone.

 

[navonline7]

Is school fee considered for regular ER points and the monthly 25K ER milestone?

 

[Wealth is my birth right!]

Is school fee considered for regular ER points and the monthly 25K ER milestone?

Yes but u r paying in pos right

 

[navonline7]

Yes but u r paying in pos right

yes, I swiped my card at the school. Is it not considered if I pay online?

 

[Wealth is my birth right!]

yes, I swiped my card at the school. Is it not considered if I pay online?

Online have some issues if the mcc chosen by school shows as wallet or rent that’s why asking
Pos sure u get they tagged it for sure under utilities category

 

[CC_Fire]

Is there any way of knowing the MCC of the POS BEFORE making a transaction or worst case after? Is this mentioned on the customer slip post transaction?

 

[Tarun239]

On an insurance spend of 1 lakh in a month, will i get 6000 points or 6000 plus 25000 =31000 points ie including milestone points which of course will be credited later , kindly reply.

 

[Wealth is my birth right!]

Is there any way of knowing the MCC of the POS BEFORE making a transaction or worst case after? Is this mentioned on the customer slip post transaction?

Just try for small amount/- to test whether it gives Edge Rewards then leap big

 

[grshnehete]

Is there any way of knowing the MCC of the POS BEFORE making a transaction or worst case after? Is this mentioned on the customer slip post transaction?

As @Wealth is my birth right! said, try it out for smaller amount and call the customer care and ask them about the MCC for that particular transaction.
I did the same with my son's school fees

 

[CC_Fire]

Unfortunately that option is not possible usually. But yes thats definitely one option

 

[TheMentalist]

On an insurance spend of 1 lakh in a month, will i get 6000 points or 6000 plus 25000 =31000 points ie including milestone points which of course will be credited later , kindly reply.

31k

 

[Tarun239]

31k

Thanks

 

[bravothemaverick]

Have an LIC premium coming up which I plan to pay through magnus. I hope I can get ERs even if I use the paytm gateway & it wont count as wallet loads and hopefully will count towards monthly milestone. Any experience around the same?

Wondering going through so many threads - why cant Axis provide a counter on the dashboard which will show cumulative spends towards milestone considering all the exceptions? Will make life so easy for everyone.

 

[bvc19296]

Have an LIC premium coming up which I plan to pay through magnus. I hope I can get ERs even if I use the paytm gateway & it wont count as wallet loads and hopefully will count towards monthly milestone. Any experience around the same?

Wondering going through so many threads - why cant Axis provide a counter on the dashboard which will show cumulative spends towards milestone considering all the exceptions? Will make life so easy for everyone.

I am not sure of Paytm. I have done my insurance payments on Amazon in March 2023 and received 6000 ER for more than 1 Lakh payment of LIC.

 

[samba113]

is any limitation on government payments like house tax?