Credit Card Cash Withdrawal Charges Axis

Axis Bank Credit Card Cash Withdrawal Charges

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Axis Bank Credit Card Cash Withdrawal

You can use your Axis Bank credit card to withdraw cash from an ATM. Such a facility is called credit card cash withdrawal. It is an additional feature of the Axis Bank credit card and shall be used only during emergencies since you have to pay Axis Bank credit card cash withdrawal charges and interest on the withdrawn amount using the credit card.

You can withdraw cash from your Axis credit card only up to the permissible limit, and this limit is called the credit card cash withdrawal limit. No additional bank approvals are required for credit card cash withdrawal.

Axis Bank Credit Card Cash Withdrawal Limit

Axis Bank offers the ease of withdrawing cash through your credit card to cater to an emergency. You can make the withdrawals at ATMs as per the limit set by the bank. This cap varies from card to card and may be nil for cards less than 180 days old.

You can check your Axis credit card statement or reach out to the Axis Bank credit card customer care to know more about your cash withdrawal limit.

Axis Bank Credit Card Cash Advance Fee

The Axis credit card cash withdrawal charges are the fees you need to pay each time you avail the cash advance facility. These cash withdrawal charges on Axis credit cards are added to your credit card statement in the following month.

The Axis credit card withdrawal charges vary between 2.5% and 3.5% of the amount withdrawn.

Let us take an example and understand better. The Axis Bank credit card ATM withdrawal charges are 2.5% or Rs. 500 (whichever is higher). Suppose you withdraw Rs. 1000 from an ATM using your Axis Bank credit card. Then the bank will add Rs. 500 as the cash advance fee in the next billing cycle.

If you are withdrawing Rs. 25000 using your Axis Bank credit card, you have to pay only Rs. 625 as the Axis credit card withdrawal charges.

Cash advances via credit card do not come with an interest-free period; withdrawals attract finance charges. You have to pay an amount at the Axis Bank credit card cash withdrawal interest rate till the entire sum is repaid.

Cash Withdrawal Charges of Top Axis Bank Credit Cards

The credit card cash withdrawal charge at Axis Bank varies from one card to another. The Axis credit card withdrawal charges of some of the top cards are listed below.

Axis Bank Credit Card

Cash Withdrawal Charges

My Zone Credit Card

2.5% of the amount withdrawn (min Rs. 500)

NEO Credit Card

2.5% of the amount withdrawn (min Rs. 500)

Indian Oil Axis Bank Credit Card

3.4% of the amount withdrawn (min Rs. 500)

Select Credit Card

2.5% of the amount withdrawn (min Rs. 500)

Privilege Credit Card

2.5% of the amount withdrawn (min Rs. 500)

Interest Charges on Axis Bank Credit Card Cash Advance

When you use the credit card cash withdrawal facility, you must pay finance charges on the borrowed amount along with the charges for cash withdrawal from Axis credit card. This may vary depending on the card you own.

Also, there is no interest-free period on credit card cash withdrawal. You have to pay an amount at the Axis Bank credit card cash withdrawal interest rate till the entire sum is repaid.

The interest charged on Axis Bank credit card cash advances for some of the top cards is given below.

Axis Bank Credit Card

Interest rate on credit card cash advance

Monthly rate

Annual rate

My Zone Credit Card

Up to 3.4%

Up to 49.36%

NEO Credit Card

Up to 3.4%

Up to 49.36%

Indian Oil Axis Bank Credit Card

Up to 3.4%

Up to 49.36%

Select Credit Card

Up to 3.4%

Up to 49.36%

Privilege Credit Card

Up to 3.4%

Up to 49.36%

How to Withdraw Cash from Axis Bank Credit Card

The process of withdrawing money from a credit card is very easy and similar to cash withdrawal using a debit card. You can visit your nearest ATM and withdraw the required amount in a few easy steps given below.

  • Step 1: Insert the Axis Bank credit card in the card slot of the ATM.

  • Step 2: Enter the credit card PIN.

  • Step 3: Enter the amount you wish to withdraw from your card.

  • Step 4: Click ‘Submit’.

Axis Bank Credit Card Cash Withdrawal Helpline

You can reach out to Axis Bank credit card customer care in case you face any problem related to cash withdrawal charges from Axis credit card. You can use:

Toll-free Number

Call 1800 419 5959 if you have any problem during cash withdrawal. For communication in Hindi, then call 1800 419 5858.

SMS

To check your credit card balance, type the information you wish to know and send the SMS from your registered mobile number to 5676782.

Visiting the Bank Branch

To solve your queries in person, you can visit the nearest Axis Bank branch.

FAQs on Axis Bank Credit Card Cash Withdrawal

  • ✔️How much cash can I withdraw from an Axis credit card?

    The cash limit is different from the credit limit and varies from card to card. You will be informed about the cash limit on your card when it is handed over to you.

  • ✔️Can I transfer money from my Axis credit card to my bank account?

    No, you cannot directly transfer money from an Axis credit card to a bank account.

  • ✔️Will I have to inform the bank before using my credit card to withdraw cash?

    No, you need not notify the bank when you withdraw cash from your Axis Bank credit card.

  • ✔️When will I have to repay the cash amount that I withdrew using my credit card?

    The cash withdrawn from your credit card will show up on your Axis Bank credit card statement at the end of the billing cycle. However, since the credit card cash advance accrues interest from the moment of withdrawal, you must strive to pay it off at the earliest.