Can someone please decode UPI Reward structure for Axis IOCL?

[Ekavya]

I use Axis IOCL credit card for UPI transactions. Once I got 2000,2500 Edge reward points for two transactions of 40k and 50k. So I made another transaction and got only 250 points. And it was shown that max cap has been reached. So please decode their structure.

 

[drsel]

After 20 April they corrected the error giving high points

 

[drsel]

Max cap is 250 points per month on a max transaction of 5000

 

[MJN]

Update

Axis IOCL gives 5 RP for even Rs 10 UPI Transaction;

So we can redeem Rs 1 as Amazon Pay Gift card for 5 RP ( Rs 2000 Gift card for 10k RP)

So it means we can get 10% Reward Rate for UPI TRANSACTIONS on Axis IOCL

My RP History on UPI

AMOUNT/RP
12/5
50/5
120/10
180/10
300/15

So for below Rs 50 transactions,u can use this card for maximum returns;

 

[Card_Crafter]

Update

Axis IOCL gives 5 RP for even Rs 10 UPI Transaction;

So we can redeem Rs 1 as Amazon Pay Gift card for 5 RP ( Rs 2000 Gift card for 10k RP)

So it means we can get 10% Reward Rate for UPI TRANSACTIONS on Axis IOCL

My RP History on UPI

AMOUNT/RP
12/5
50/5
120/10
180/10
300/15

So for below Rs 50 transactions,u can use this card for maximum returns;

How are you getting RPs for <100 transactions when the minimum spend amt required for RP is 100.? Which merchant?

 

[Hemang]

Bhai for axis iocl, to get 4% cashback do we need to do only swipe at POS, or same works whe we use rupay UPI transaction?

 

[Card_Crafter]

Bhai for axis iocl, to get 4% cashback do we need to do only swipe at POS, or same works whe we use rupay UPI transaction?

Applicable for both POS Swipe and UPI Scan.

 

[prateekm03]

I use Axis IOCL credit card for UPI transactions. Once I got 2000,2500 Edge reward points for two transactions of 40k and 50k. So I made another transaction and got only 250 points. And it was shown that max cap has been reached. So please decode their structure. View attachment 59193

Where can we see such transaction wise points?

 

[Ekavya]

Where can we see such transaction wise points?

Axis EDGE reward point section

 

[prateekm03]

Axis EDGE reward point section

It does not show zero value transaction in my transactions

 

[MoneyMaven]

Applicable for both POS Swipe and UPI Scan.

Are you being charged a surcharge for UPI scans? I wasn't charged earlier, but now I am.

 

[Card_Crafter]

Are you being charged a surcharge for UPI scans? I wasn't charged earlier, but now I am.

No idea. Haven't used on Petrol pumps for a long time.

 

[MJN]

How are you getting RPs for <100 transactions when the minimum spend amt required for RP is 100.? Which merchant?

Whr it's mentioned as min Rs 100? I am getting 5 RP even for Rs 12 UPI transaction; U also transact and check in Reward points history in the Axis Open app

 

[Card_Crafter]

Whr it's mentioned as min Rs 100? I am getting 5 RP even for Rs 12 UPI transaction; U also transact and check in Reward points history in the Axis Open app

Can you share screenshot?

 

[MJN]

Can you share screenshot?

Ok will update once migration completes and open app opens..

 

[MJN]

Can you share screenshot?

Check below.. 5 RP for Rs 12 UPI transaction and others too

 

[drsel]

Check below.. 5 RP for Rs 12 UPI transaction and others too

This 20 points per 100 rupees is for a fuel transaction

 

[MJN]

This 20 points per 100 rupees is for a fuel transaction

Y e s

 

[drsel]

But 5 points on transactions below Rs 100 is a software error.
however total points for the month will not cross 250, that error was corrected after 20 April

 

[MJN]

But 5 points on transactions below Rs 100 is a software error.
however total points for the month will not cross 250, that error was corrected after 20 April

Will wait till it reversed