Had anyone tried paying Educational Loan EMI via Axis Magnus? Does the spend count for monthly spending or do we get Edgepoints for the same? Mine educational loan provided has given me option to prepay advance EMI via Credit card.
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Pay education Loan EMI via Axis Magnus
- Thread starter Mohit2911
- Start date
Try paying and see which gateway it shows
Don’t enter otp
Check this post. I have started compiling the exclusion list for Magnus and as per my research, EMI transactions aren't counted towards monthly milestone.
Axis Magnus | Master List of Exclusions | Guide
Axis Magnus | Master List of Exclusions | Guide
That EMI is different.. it's for purchasing a product on EMI or converting a purchase on your credit card to EMI which is excluded
Oh got it.
Also, one question. Isn't doing a transaction and then converting to EMI is useless on Magnus card because the full transaction gets debited initially, then it gets credited and then EMI starts. So no benefit. Right?
it's like that on every card.. what other benefit are you looking to get from EMI?
Ankushbagwale
TF Buzz
Which is your education loan lender? How they have given this option?
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