same happened with me. i did a rent payment on 27 oct and 2 more other payments of swiggy and zepto on 28 and 30 oct. the miles for swiggy and zepto payments have been received but i have not received the miles for the rent payments. but i can see the rent payment reflected in tier counter
did you get the points? I made an education payment on 31st oct via payzapp (redgiraffe) but it is shown as rent payment in transation history and they charged additional 1% and gst. And haven't received miles yet.
no i didnt get points(miles) for rent transaction. call their customer care and ask for the mcc of the transaction
are rental transactions excluded from regular miles too/
no, you will get miles 2/100
for gyftr yes 2EM/100. but we won't get the 3x/5x benefits
In Axis Atlas Brochure their is no mention of miles on first 50k spent on rent payment. I think Rent payment is excluded from miles benefit and milestone benefit
In pdf is only says that rent is excluded from milestone benefits.
Usually tier counter gets updated after a transaction is completely posted in your account (not processing). In my one month experience, for transaction with small amount, EM gets credited in two days. But for larger amounts, typically greater than 5000, it is usually takes 7-10 days in my experience.
It also depends on MCC code. As far as i know sometimes bhartnxt app uses utility MCC code for rent payment. In that case, you will get tier benefit, milestone benefit and EM miles. Similarly, few months ago, Mobikwik was using utility MCC code for transferring from wallet to bank using credit card. But now they have changed MCC to wallet reload.
Bharatnxt info is wrong. I was charges 1% plus gst for rental payment. So guess they have changed mcc code
Bharatnxt charges for all payments (processing charge plus GST), may it be business payment and also for rental payments. Whether you are referring to the charges from the card issuing bank? All payments through Bharat Nxt app comes under utility according to the post below
I am talking about additional charges from axis bank side once transaction was settled. It was on atlas card. Category selected on bharatnxt- rental. I have not tried business payment. So atleast for rental payments, bharatnxt does not gives utility mcc.
Oh okay. But i paid my office rent and home rent using two different ICICI credit card via Bharatnxt app. And i was not charged extra 1% rent payment fee by ICICI. Using Coral Rupay credit card I paid office rent and I got 2 reward points for 100 spent. Coral card offers only 1 reward point for utility and insurance payment, so Bharatnxt was not using utility MCC code (in my case). But it was not also using rental MCC, because if it is so, i would have been charged 1% by ICICI. i got cashback for June month rent payment using Axis ace on Bharat nxt and was not charged by Axis for rent payment. That made me to think that Bharat nxt was using utility MCC code (based on the link post above), that's why mentioned "sometimes" in my post.
Are you sure about no exclusions for tier benefit? I was under the impression that tier and milestone calculation are done using the same method.
Yes, i was also of the same impression that tier counter and milestone benefit works by the same method until i got Atlas last month. I checked by doing wallet load using mobikwik. The amount was added to tier counter after transaction is settled. But never received miles till date (more than 12 days has passed). Tier rewards for gold tier is 5000 miles and another 5000 miles separately for milestone benefit (so different calculation method is used). Anyways, it would not be beneficial to use wallet reload to achieve tier benefit but rent transaction would be beneficial.
