Axis Bank Credit Card EMI

Convert Axis Bank Credit Card Bill into EMIs

The Axis bank facilitates their credit cardholders to make lump-sum purchases using credit cards. The bank offers Axis credit card EMI conversion facility to cardholders at a minimal interest rate of 1.5% to avoid exhaustion of their monthly budget. The customers can opt for Axis bank's ‘Hello EMI’ facility at a minimum purchase of ₹2,500 via Axis bank credit card within two months from the purchase date.

Key Highlights of Axis Bank Credit Card EMI

Key highlights of Axis credit card EMI facility are -

• The zero Cost EMI option available.

• Flexible repayment tenure to choose from, starting 6 months to 24 months.

• Axis bank credit card EMI conversion within two months from the purchase date.

• Minimal Processing charges ₹150 or 1.5% of the purchase amount.

• The minimum Axis bank credit card bill converted to EMI amount should be ₹2,500.

• The Axis credit card EMI interest is charged using the reducing balance method.

• The Axis credit card EMI interest rate for merchants is 14% p.a.

Advantages of Axis Bank Credit Card EMI

Check out the advantages of Axis bank credit card EMI facility -

• Pay as per Convenience - Axis bank credit card convert to EMI facility allows the cardholders to make lump-sum purchases without exhausting their monthly budget and can repay the bank in small amounts as per their convenience.

• Zero Cost EMI Option - In case the cardholders make a transaction with Axis partner brands, those transactions can be converted into EMI under the Zero Cost EMI option.

• Flexible Repayment Tenure - The customers can use the Axis bank credit card EMI conversion calculator to find EMI amounts at different tenures and then select the repayment tenure between 6 months to 24 months.

How to Convert Credit Card Bill to EMI in Axis Bank

To convert Axis bank credit card payment in EMI, refer to the table below -

Axis Bank Credit Card EMI Fees & Charges

Check out the applicable charges on the Axis credit card EMI conversion in the table below -

Disadvantages of Axis Bank Credit Card EMI

There are some disadvantages of Axis bank credit card EMI facility -

• Applicable Charges - The cardholder has to pay interest on the transaction amount if they opt for the Axis bank credit card EMI facility. A 1.5% interest is charged apart from the processing fees and taxes. The cardholders will be offered a Zero-Cost EMI option on transactions made with merchant brands.

• Restricted Usage of Credit Limit - A specific amount from Axis bank's credit card credit limit will be blocked until the completion of repayment tenure.

• Lower Credit Score - A certain amount of credit limit is blocked until all EMIs are paid off. In such a scenario, if the cardholder has been utilising the remaining credit limit, it will decrease the cardholder's credit score.

Things One Must Know About Axis Bank Credit Card EMI Facility

Before opting for Axis credit card EMI conversion, one must consider the below-mentioned points -

• The cardholder cannot avail of the benefits of the reward points earned from a transaction that is later converted into EMI.

• The cardholder cannot withdraw from Axis bank credit card services during the EMI repayment tenure.

• The requests made by the credit cardholders will be redirected towards the Axis bank primary cardholder

• Axis bank does not offer Axis credit card EMI conversion facility to its corporate credit cardholders.

• Foreclosure and Cancellation charges will be levied upon the Axis bank credit cardholder if they wish to settle EMIs before the repayment tenure.