Axis revises Edge Reward points for Rent payments
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Effective from 10th May, 2022, the EDGE REWARDS for Rental transactions done on your Axis Bank Credit Card* will accrue up to Rs. 50,000/- per transaction. Such Rental transactions are identified through Merchant Category Codes (MCC) – 6513, as defined by Network E.g. Visa, MasterCard.
For Axis Bank Reserve Credit card and Axis Bank Burgundy Private credit card, the EDGE REWARDS for Rental transactions done on your Axis Bank Credit Card will accrue up to Rs. 100,000/- per transaction
Although this change doesn’t affect us right now since the cap is very large (50k). It indicates that going forward we might not be able to earn reward points on rent payments.
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i have also added this to the original post but it was not added it seems.
What about upcoming IndianOIL Axis RuPay Credit card ?
t&c mentioned only about Visa & Mastercard credit card.
Following is the list of Axis Bank Credit Card the above changes are applicable – MY Zone Credit Card, MY Zone Easy Credit Card, Neo Credit Card, IOCL Credit Card, Aura Credit Card, Advantage Credit Card, Privilege credit card, Select credit card, Magnus Credit card, Signature credit card and Atlas Credit card
It is also applicable to IOCL credit card. In the document they have mentioned example VISA and MasterCard.
VU nice move by Axis bank.
Per transaction ?
Source?