Hot Deal

Axis bank has blocked all rental payments on credit card

1170°
Deal Newbie
VirendarBang1

Just learnt that Axis bank has decided to block all rental payment websites for transactions using Axis credit card. ie; Freecharge, Nobroker, PayTM, Magicbricks etc won't work for rent payments henceforth. Time to ditch Axis credit card.

Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
18 Comments  |  
10 Dimers
  • Sort By
Helpful Helpful
Link Copied

true, my payments have been failing for past 4 days 😄

Deal Newbie Deal Newbie
Link Copied

Source: Contacted Axis bank customer care over phone and also on twitter. Twitter response: Hi, we wish to inform you that the rental transactions are being declined as per banks internal norms. Regards, Team Axis Bank

Analyst Analyst
Link Copied

WTH do these Axis blokes think of themselves! 😵‍💫

Bdw my Cred rent n Nobroker pymts went thru day before itself.

+🔥 for attn

Deal Newbie Deal Newbie
Link Copied

Yes, Axis bank has blocked all the rent payments through NoBroker, CRED, Paytm, Housing, Magic bricks.

When contacted the support they said Rent payments transactions are listed to be blocked for security reasons.

Too bad

Beacon Beacon
Link Copied

Currently rent payment received is not showing as income in AIS, may be this could be the reason

Deal Cadet Deal Cadet
Link Copied
myselfalwin354 wrote:

Yes, Axis bank has blocked all the rent payments through NoBroker, CRED, Paytm, Housing, Magic bricks.

When contacted the support they said Rent payments transactions are listed to be blocked for security reasons.

Too bad

I have done a rent payment yesterday using CRED + Axis Ace card and it was successful. Not sure if its card specific OR use specific.
Deal Cadet Deal Cadet
Link Copied
Expand
sliced wrote:

I have done a rent payment yesterday using CRED + Axis Ace card and it was successful. Not sure if its card specific OR use specific.

Maybe they blocked those who make multiple rent payments every month

Deal Cadet Deal Cadet
Link Copied
Expand
mango-man wrote:

Maybe they blocked those who make multiple rent payments every month

Make sense.

Deal Cadet Deal Cadet
Link Copied
myselfalwin354 wrote:

Yes, Axis bank has blocked all the rent payments through NoBroker, CRED, Paytm, Housing, Magic bricks.

When contacted the support they said Rent payments transactions are listed to be blocked for security reasons.

Too bad

just paid rent via paytm without issues. So it’s user specific. 

Deal Cadet Deal Cadet
Link Copied

I have 2 axis cards.. both are not working for rent payments….
Customer care said Rent payments stoped by the Bank..

At the same time Axis Bank giving 500 Cashback on Cred for rent payments..

Not able to understand this rubbish policy

Deal Cadet Deal Cadet
Link Copied
prithvirajmail534 wrote:

I have 2 axis cards.. both are not working for rent payments….
Customer care said Rent payments stoped by the Bank..

At the same time Axis Bank giving 500 Cashback on Cred for rent payments..

Not able to understand this rubbish policy

it’s user-specific. How many rent payments did you make per month?

Deal Cadet Deal Cadet
Link Copied
Expand
mango-man wrote:

it’s user-specific. How many rent payments did you make per month?

Only one.. that also alternate month

replyuser
Click here to reply
Reply