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

[zoro]

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

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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

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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.

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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.

Can we pay card loan using credit card?? Just curious

 

[NipunDhingra]

Hi Can someone suggest if Society Notebook app (Kodebin Solutions Pvt Ltd) used for paying society maintainance comes under Rent payment? Anyone has info please update.

 

[Gaurav555]

I just had a call with Axis support team, and to my surprise, they are saying the following statement from important announcements is also applicable for magnus card and the backend team is in the process of updating the terms and conditions.

"Axis Bank Select Credit Card will not be eligible for earning EDGE REWARDS on Insurance, rent, fuel, educational services, utilities and government spends. The transactions for each category are identified through Merchant Category Codes* (MCC), defined by the Network, e.g. Visa, MasterCard and RuPay. Axis Bank does not define the merchant category. Category-wise MCC codes are: Insurance - 6300, 6381, 5960, 6012, 6051; Rent – 6513; Fuel - 5541, 5542, 5983; Educational services – 8299, 8211, 8241, 8244, 8249; Utilities - 4814, 4816, 4899, 4900; Government services - 9222, 9311, 9399, 9402. The revision is effective from 05-03-2023."

Can anyone confirm this?

 

[TheGambler]

Can anyone confirm this?

Yes, I spoke to the customer care and he said the same thing, but can confirm that it isn't true. Got the RPs for government transaction (NPS), utility (gas cylinder) and Insurance this month.

 

[Gaurav555]

Yes, I spoke to the customer care and he said the same thing, but can confirm that it isn't true. Got the RPs for government transaction (NPS), utility (gas cylinder) and Insurance this month.

And they are counted in milestone too?

 

[TheGambler]

And they are counted in milestone too?

Probably, yes. It'll be confirmed in 90-120 days. But since the customer care was wrong about RPs, he's probably wrong about milestone, too.
I couldn't find anywhere in tc which says it won't be counted in milestone.
Only rent and wallet load is excluded from milestone calculation according to tc.

 

[TheMentalist]

What Merchant Category is shown in Magnus Billing Statement for Wallet loads - is it Others, Miscellaneous or something else??

 

[AR199]

One can plan to purchase amazon vouchers worth Rs 10,000 per month from magnus card for a few months & add it to amazon pay balance & can make insurance payments thereafter. Will get whopping 18% RP in that way

 

[navonline7]

The merchant category for some of my transactions is categorized as "MISCELLANEOUS". Will they be considered for monthly milestone? They are not rent or wallet load transactions. One of them is for a cycle purchase from a local shop and the other are donations.

 

[TheGambler]

The merchant category for some of my transactions are categorized as "MISCELLANEOUS". Will they be considered for monthly milestone? They are not rent or wallet load transactions. One of them is for a cycle purchase from a local shop and the other are donations.

Yes.

 

[TheMentalist]

The merchant category for some of my transactions is categorized as "MISCELLANEOUS". Will they be considered for monthly milestone? They are not rent or wallet load transactions. One of them is for a cycle purchase from a local shop and the other are donations.

Did you get RP for those tnxs??

 

[WhoU]

What Merchant Category is shown in Magnus Billing Statement for Wallet loads - is it Others, Miscellaneous or something else??

Others. We don’t get RP when it’s others. Misc/utilities we get RP and covered in milestone.

 

[navonline7]

Did you get RP for those tnxs??

not yet. Haven't got RPs for other transactions either.

 

[TheMentalist]

not yet. Haven't got RPs for other transactions either.

What category is Money Manager showing for those tnx? (Details : https://www.technofino.in/community...s-on-axis-bank-personal-finance-manager.7684/)

 

[navonline7]

What category is Money Manager showing for those tnx? (Details : https://www.technofino.in/community...s-on-axis-bank-personal-finance-manager.7684/)

View attachment 15347
It's categorized as others

 

[TheMentalist]

View attachment 15347
It's categorized as others

Not sure then.. maybe others can help @Wealth is my birth right! @WhoU @VISHESH_BANSAL @James2307mr @Harry1

 

[Wealth is my birth right!]

Not sure then.. maybe others can help @Wealth is my birth right! @WhoU @VISHESH_BANSAL @James2307mr @Harry1

Need to note this particular amount with date and check with cc for exact mcc
Post we know mcc then to deal with premier mail if rewarding applies

 

[James2307mr]

The merchant category for some of my transactions is categorized as "MISCELLANEOUS". Will they be considered for monthly milestone? They are not rent or wallet load transactions. One of them is for a cycle purchase from a local shop and the other are donations.

The best way to check would be to call customer care and ask for the MCC code. With the MCC code you can categorise it and know whether they are eligible for ER or not!

 

[aravindmyd]

Can we pay advance payments for personal loans or home loans via credit cards? Someone please guide me on how to do that ? Thanks in advance!

 

[Wealth is my birth right!]

Can we pay advance payments for personal loans or home loans via credit cards? Someone please guide me on how to do that ? Thanks in advance!

U can pay by BharTnxt if u get ur loan account payment details