DCB DCB reward points on purchase of currency notes?

[yolosingh]

Hey everyone!

I'm looking to buy currency notes on bookmyforex. Do you get reward points on DCB for curreny notes purchase? They ask for a 2.5% fee for payment through credit cards. So it's only worth it if I get the RPs.

Any help would be appreciated! Also, if you've tried any other exchange - do share your experience and any possible benefits

 

[ARV]

Following, i have the same question

 

[beingmohit]

Hey everyone!

I'm looking to buy currency notes on bookmyforex. Do you get reward points on DCB for curreny notes purchase? They ask for a 2.5% fee for payment through credit cards. So it's only worth it if I get the RPs.

Any help would be appreciated! Also, if you've tried any other exchange - do share your experience and any possible benefits

It would depend on bookmyforex's MCC. If feasible, make a small transaction, call the customer care and ask them the MCC. That should answer the question

 

[bhsiddharth]

i too want to know on this.

 

[yolosingh]

It would depend on bookmyforex's MCC. If feasible, make a small transaction, call the customer care and ask them the MCC. That should answer the question

Have decided to go with thomas cook. Also, I checked for Thomas Cook. It's MCC is 6051. On asking HDFC customer care, they said I should get RPs on it as long as its not a govt MCC. Is there anything else I should check?

 

[bhsiddharth]

Have decided to go with thomas cook. Also, I checked for Thomas Cook. It's MCC is 6051. On asking HDFC customer care, they said I should get RPs on it as long as its not a govt MCC. Is there anything else I should check?

even book my forex mcc is 6051.
I did a transaction with axis atlas - strangely, I got a "Withdraw" message/mail instead of "Spent". So concerned that hopefully they are not considering it as a cash withdrawal.
Have mailed to the customer care for understanding the case.

 

[anilkrsh]

even book my forex mcc is 6051.
I did a transaction with axis atlas - strangely, I got a "Withdraw" message/mail instead of "Spent". So concerned that hopefully they are not considering it as a cash withdrawal.
Have mailed to the customer care for understanding the case.

Axis doesn't give Edge rewards on Magnus and afaik it's the same for all cards.

 

[chasni]

even book my forex mcc is 6051.
I did a transaction with axis atlas - strangely, I got a "Withdraw" message/mail instead of "Spent". So concerned that hopefully they are not considering it as a cash withdrawal.
Have mailed to the customer care for understanding the case.

I had something similar but they confirmed on email that it is a technical glitch. You may email again just to confirm. Eventually, my transaction was cancelled by BMF due to unavailability of currency so can't comment on reward points.

 

[jamesdolan]

I have received edge rewards and miles on thomas cook forex in past three months. Tip - call thomas cook and ask them for bookmyforex rates they match it but their own website rates are bad in comparison

 

[yolosingh]

I have received edge rewards and miles on thomas cook forex in past three months. Tip - call thomas cook and ask them for bookmyforex rates they match it but their own website rates are bad in comparison

Yes plan to call them. Thanks

 

[faltooAdmi]

even book my forex mcc is 6051.
I did a transaction with axis atlas - strangely, I got a "Withdraw" message/mail instead of "Spent". So concerned that hopefully they are not considering it as a cash withdrawal.
Have mailed to the customer care for understanding the case.

Did you get edge Miles for buying currency from bookmyforex ?

 

[jamesdolan]

I did in September end get miles on atlas. But axis are known to be sneaky. They shut down rent miles without any intimation

 

[jags123]

You don't get it. I tried this on magnus this year, didn't get any points. Confirmed with axis with a friend working there- this comes under arbitrage and no points.

Also you have to pay more for credit card- recommended to do this using neft instead

 

[bhsiddharth]

I had tried with both DCB as well as Atlas.

Atlas: Did a transaction, got mcc as 6051. Miles received 100 as 100 is the maximum cap for insurance category. Not sure why this transaction was considered as insurance though.
DCB Metal: The transaction was getting failed again and again. Was not going through.

 

[jamesdolan]

These are the points I received on magnus and atlas for transactions made online at thomas cook for currency. I think thomas cook use travel mcc and they charge 1% for credit cards

 

[faltooAdmi]

These are the points I received on magnus and atlas for transactions made online at thomas cook for currency. I think thomas cook use travel mcc and they charge 1% for credit cards

For atlas you got 2 edge Miles per 100. It's not considered for 5 edge Miles as it's travel mcc ?

 

[jamesdolan]

Atlas gives 5 edge miles on airline websites and hotel direct websites only