Several Axis Atlas cardholders are reporting reward points getting reversed on recent gift card (GV) purchases, following a tightening of MCC 5947 and related gift-card-merchant exclusions.
Offer Details
- Points credited on gift card / voucher purchases are now being clawed back on Atlas cards.
- This follows a recent T&C update around gift card and similar merchant categories (MCC 5947).
Eligible Cards / Who Can Avail
- Axis Atlas cardholders who used the card on gift card platforms recently.
Benefits
- N/A — this is a heads-up so you’re not caught off guard on your next statement.
How to Claim / Steps
- Log into the Axis app or net banking and review your recent reward point activity.
- Check for transactions tagged as gift card or similar merchant categories.
- Note the merchant and MCC if you spot a reversal, for reference.
Validity / Important Notes
- Platforms processing as gift-card MCC are commonly flagged.
- Consider other cards or merchants for gift card purchases going forward.
Worth checking your last couple of Atlas statements before the points quietly disappear. Has anyone had points reversed recently — which merchant was it?