Axis Magnus Magnus Milestone Period

[DevilDog]

Hello All,
Does any one know how are the milestone rewards counted?
Is it per calendar month or Billing cycle?

 

[loveshah]

Calendar month. Follow the thread.

Thread 'Axis Magnus | Master List of Exclusions | Guide | Update Date: 4th May, 2023 - 11:10 AM IST' https://www.technofino.in/community...e-update-date-4th-may-2023-11-10-am-ist.9863/

 

[Cardmarvel]

Hello All,
Does any one know how are the milestone rewards counted?
Is it per calendar month or Billing cycle?

Calendar month. There are also some nuances that you need to be aware of. For example, the day starts and ends with GMT timezone and they use date of transaction posting. So to be on safer side, avoid last minute expenses

 

[cardwizard]

Yes, it is a calendar month, but to be more precise the transaction settlement date is what matters, transaction settlement can take max upto 3 days, so plan your expenses accordingly- ie if you made transaction on let's say 30th but it got settlement was done on 1st or 2nd then it will not be considered for milestone rewards of the month.

 

[cardwizard]

Also avoid making transactions in the early hours of the 1st of the month, if a transaction is made before 6 AM on the 1st of the month, it might get categorized and settled on prev day ie the 30th of the prev month, this happened with me.

 

[Deathsnatcher]

Yes, it is a calendar month, but to be more precise the transaction settlement date is what matters, transaction settlement can take max upto 3 days, so plan your expenses accordingly- ie if you made transaction on let's say 30th but it got settlement was done on 1st or 2nd then it will not be considered for milestone rewards of the month.

Thanks this was helpful for me
so if someone is lacking few thousands he/she should make transactions as earliest before months ends so that settlement should be in that month only ?

 

[Cardmarvel]

Thanks this was helpful for me
so if someone is lacking few thousands he/she should make transactions as earliest before months ends so that settlement should be in that month only ?

Yes

 

[Cardmarvel]

Yes

And probably do a few thousand more for any unplanned reversals or exclusions

 

[Deathsnatcher]

And probably do a few thousand more for any unplanned reversals or exclusions

Thanks
my limit always cross 1.5 something per month so that wasnt an issues
but sometimes i do more transaction in the end on the month like on 30/31 [wasnt aware of settlement things much]

 

[mast2510]

Also avoid making transactions in the early hours of the 1st of the month, if a transaction is made before 6 AM on the 1st of the month, it might get categorized and settled on prev day ie the 30th of the prev month, this happened with me.

Hi, I have a query on the same topic. I made a transaction at around 6am on 01.04.2023. It is reflecting in the statement also with the same date/time. Is there any chance still it gets considered under 31st of March for the monthly milestone rewards?

Can't we consider the statement date/time are the final? or do you think they have different date/time for monthly calculations??

 

[Cardmarvel]

Hi, I have a query on the same topic. I made a transaction at around 6am on 01.04.2023. It is reflecting in the statement also with the same date/time. Is there any chance still it gets considered under 31st of March for the monthly milestone rewards?

6AM should be fine. 5AM might have been a problem. We are in GMT +530