Revised terms and conditions for Spend based milestones

[AsB]

Devaluation alert
Affected cards- all axis bank credit cards
Effective from date- 5/03/2023
1% surcharge for rent payment upto Rs. 1500 per transaction.
No Reward points for Insurance premium payment.
Rent, Wallet transactions will not be counted towards monthly milestone benefit & annual fees reversal.



Full details here - http://Axbk.in/UNlPi9NbP1k

 

[anirban.choudhury]

No. Rent is excluded for milestone even in Select. If it is excluded in Magnus it is obvious it would be excluded in lower variant card.

This is what is written for Select
Spends threshold for Milestone benefits will exclude rent and wallet transactions
o Example- you made yearly spends of INR 300,000 on your Select Credit Card. Although, if INR 300,000 spends include rent or wallet transaction of INR 50,000, you will not be eligible for milestone benefits.

Honestly I am surprised they haven’t put rent restriction on Vistara cards. Infinite is on par with Magnus while other two are below Magnus. Hence, just wanted to confirm what sms Vistara card holders have received.

Yeah they have a mentioned a threshold of 50k


So I think uptill 50k( annually ) of rent payments , will be considered in milestone.

I have sent a mail demanding clarification of that 50k amount in statement

 

[CMG]

For select (sms had last 4 digits of select card)
The terms and conditions on your Axis Bank Credit Card no.XXXXXX will be revised w.e.f. 05-03-2023. For details, visit Axbk.in/UEm55rU1Lyo

For Magnus (sms had last 4 digits of Magnus)
The terms and conditions on your Axis Bank Credit Card no.XXXXXX will be revised w.e.f. 05-03-2023. For details, visit Axbk.in/UEB8KLYubon

If someone recvd similar sms for holding Vistara Infinite card, pls post

Thanks. Didn't receive any. Have Magnus and Vistara infinite.

 

[CVR]

Yeah they have a mentioned a threshold of 50k


So I think uptill 50k( annually ) of rent payments , will be considered in milestone.

I have sent a mail demanding clarification of that 50k amount in statement

No i think 50k is just used as an example. Any rent will not be considered for points and milestone

 

[anirban.choudhury]

No i think 50k is just used as an example. Any rent will not be considered for points and milestone

True,

I somehow missed the “As Example” part
Still let me see what axis replies , axis customer care agents are clueless about TNC’s most of the times

 

[Venky]

I got the following text messages

For Magnus-

The terms and conditions on your Axis Bank Credit Card no.XXXXXX will be revised w.e.f. 05-03-2023. For details, visit Axbk.in/UEWPTjdkzAo


For Vistara Infinite-

The terms and conditions on your Axis Bank Credit Card no.XXXXXX will be revised w.e.f. 05-03-2023. For details, visit Axbk.in/UE0noyODhlc

 

[Sandy Singh]

I also received same pdf for Vistara Infinite, seems like milestone benefits are applicable on Vistara cards still.

 

[TheMentalist]

None of the PDFs so far have Vistara mentioned in any of the exclusion list, even though they sent SMS for Vistara cards

 

[Sandy Singh]

None of the PDFs so far have Vistara mentioned in any of the exclusion list, even though they sent SMS for Vistara cards

That is because 1% rent surcharge is applicable on Vistara cards also, just milestone benefits are kept unlike Magnus.

 

[anirban.choudhury]

Received updated TNC for my axis FK card too , they have excluded rent , fuels , gift card purchase from Amazon/flipkart , gold jewellery , insurance , fees etc from earning cashback

Also applied 1% charge on rent payments

 

[AsB]

Received updated TNC for my axis FK card too , they have excluded rent , fuels , gift card purchase from Amazon/flipkart , gold jewellery , insurance , fees etc from earning cashback

Also applied 1% charge on rent payments

Yes. Got that mail, even though it has been almost 9 months of the card closure.

 

[Salvator]

is the payment made on redgiraffe on payzapp counted as insurance? will you get rewards points for the same on hdfc Infinia and will it be counted as milestone benefit for axis Magnus?

 

[CVR]

That is because 1% rent surcharge is applicable on Vistara cards also, just milestone benefits are kept unlike Magnus.

But you will still receive normal edge or cv points on rent for all cards although not very useful after paying surcharge?

 

[Sandy Singh]

I think it's still useful because you get rewarded overall even after devaluation, unless you have a card that gives better reward on rent.

 

[AsB]

I think it's still useful because you get rewarded overall even after devaluation, unless you have a card that gives better reward on rent.

It is not about reward but on rent. It is about achieving spend based waiver.

 

[anirban.choudhury]

But you will still receive normal edge or cv points on rent for all cards although not very useful after paying surcharge?

Yea base reward points are applicable on rent payments on Magnus , it’s just that it won’t be included in milestone benefits.
Not much useful though

 

[TheMentalist]

Yea base reward points are applicable on rent payments on Magnus , it’s just that it won’t be included in milestone benefits.
Not much useful though

Which other card do you suggest for rent payment then which will give better returns than Magnus?

 

[anirban.choudhury]

Which other card do you suggest for rent payment then which will give better returns than Magnus?

I think sc ultimate

 

[Namans]

The terms and conditions on your Axis Bank Credit Card no.XXXXXX will be revised w.e.f. 05-03-2023. For details, visit Axbk.in/UEyu155MXUG


I received this message and the terms in this document say nothing about insurance.
Can someone clarify?

 

[Sandy Singh]

Which other card do you suggest for rent payment then which will give better returns than Magnus?

Vistara cards are still pretty good I think, cause you get milestone benefits.

 

[Sharjeelshaikh]

No. Rent is excluded for milestone even in Select. If it is excluded in Magnus it is obvious it would be excluded in lower variant card.

This is what is written for Select
Spends threshold for Milestone benefits will exclude rent and wallet transactions
o Example- you made yearly spends of INR 300,000 on your Select Credit Card. Although, if INR 300,000 spends include rent or wallet transaction of INR 50,000, you will not be eligible for milestone benefits.

Honestly I am surprised they haven’t put rent restriction on Vistara cards. Infinite is on par with Magnus while other two are below Magnus. Hence, just wanted to confirm what sms Vistara card holders have received.

Vistara card was never part of.milestone hence not mentioned but still vistara earns miles just like magnus earns er