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It’s important to be aware of the different kinds of fees and charges that may be applicable on your Axis Bank Credit Card. This will help you become an informed cardholder and avoid unnecessary fees and charges. 

Types of Fees & Charges on Axis Bank Credit Cards

Some Axis Bank Credit Card fees and charges levied, under various scenarios, are as mentioned below.

  • Interest Rate: Axis Credit Card interest rate is the charge on your credit card bill against the balance which is due after the payment due date has passed.

  • Late Payment Charges: Axis Bank Credit Card late payment charges are levied against the card when you fail to pay the minimum amount due before the bill due date.

  • Annual fees: These yearly charges are levied for owning a credit card. However, not all Axis Bank credit cards have an annual fee. In some cases, the fee is waived off when cardholders surpass a specific spending milestone.  

  • EMI Charges: Axis Credit Card EMI charges refer to the processing fee applied on the principal amount when you convert purchases into EMIs.  

  • Over Limit Charges: These Axis Bank Credit Card charges are levied when the credit usage on the card overshoots the sanctioned credit card limit.

  • ATM Withdrawal Charges: Axis Bank Credit Card ATM withdrawal charges are applied when you use the card to get cash at ATMs. 

  • International Transaction Charges: These charges have to be paid against your credit card if you use it to make transactions abroad.

  • Fuel Surcharge: This charge is levied when you use your Axis Bank Credit Card to purchase fuel at gas stations.

  • Cheque Return or Dishonour Fee: This charge is borne by the defaulter and the payee when a cheque bounces. It could be due to insufficient funds in your account or other technical reasons.

 

Check out the below table to understand the different fees and charges applicable to your credit card under various circumstances. 

Category

Amount

Annual fee

Varies from card to card

Cash Payment Fee

₹100/-

EMI charges

1.5% (Monthly Reducing Balance)- Post Purchase

14% p.a. for 1 Year (Merchant)

No cost EMI option available

Interest rate (Retail Purchases & Cash)

Max. 3.6% p.m.

ATM Cash Withdrawal Fees

2.5% /Min. ₹500; Nil for some cards

Overdue Penalty or Late Payment Fee

  • Less than ₹500- Nil
  • ₹501 to ₹5,000- ₹500
  • ₹5,001 to ₹10,000- ₹750
  • Over ₹10,000- ₹1,200

Over Limit Penalty

3% of the over-limit amount (Min. ₹500)

Cheque Return or Dishonour Fee or Auto-debit Reversal

2% of the payment amount (Min. ₹450)

Fuel Transaction Surcharge

1% of the transaction amount

Foreign Currency Transaction Fee

3.50% of the amount (max.)

Charges and Fees of Top Axis Credit Cards

  • My Zone Credit Card

Types of Charges and Fees

Amount

Joining fee

₹500 

Annual Fee

1st Year: Nil; 2nd Year onwards: ₹500

Add-on card joining fee

Nil

Add-on card annual fee

Nil

  • NEO Credit Card

Types of Charges and Fees

Amount

Joining fee

₹250 

Annual Fee

₹250

Add-on card joining fee

Nil

Add-on card annual fee

Nil

  • Indian Oil Axis Bank Credit Card

Types of Charges and Fees

Amount

Joining fee

₹500

Annual Fee

1st Year: Nil; 2nd year onwards: ₹500  

Add-on card joining fee

Nil

Add-on card annual fee

Nil

  • SELECT Credit Card

Types of Charges and Fees

Amount

Joining fee

₹3,000 (Complimentary for Burgundy customers)

Annual Fee

2nd year onwards: ₹3,000 (Complimentary for Burgundy customers)

Add-on card joining fee

Nil

Add-on card annual fee

Nil

  • Privilege Credit Card

Types of Charges and Fees

Amount

Joining fee

₹1,500 (Complimentary for Priority Account Customers)

Annual Fee

2nd year onwards: ₹1,500 

Add-on card joining fee

Nil

Add-on card annual fee

Nil

What is the Interest-Free Period on Axis Credit Cards?

The interest-free period starts from the date you make the transaction until the date the payment is due. In this duration, you will not be charged any interest on the outstanding bill until the due date has passed. 

 

In the case of Axis Bank credit cards, you get an interest-free period of up to 50 days. The total number of interest-free days depends on the date of purchase relative to the date of billing statement generation.

 

However, if you fail to pay the total credit card due amount, by the deadline, the interest-free period will cease. The same is true if you use your card for cash withdrawals.

Why Choose an Axis Credit Card from Bajaj Markets?

There are multiple reasons to choose Bajaj Markets to apply for Axis Bank Credit Cards:

  • Rewards & Discounts

Getting an Axis Bank Credit Card on Bajaj Markets comes with a lot of rewards and benefits. Apply for credit cards and choose from multiple cards loaded with offers.

  • One Platform, Many Cards

Get the option to apply for not just one, but multiple Axis Bank Credit Cards at Bajaj Markets. Whether it’s a credit card that offers discount vouchers or one that saves on your fuel expenses, we have it all. 

  • Joining Benefits

Enjoy joining benefits on your Axis Bank Credit Cards at Bajaj Markets as soon as you get one. Avail amazing discounts from top e-commerce websites, cashbacks, and fuel surcharge waivers, and more. If you are a student, you can avail exciting offers on Student Credit Cards.

  • Convert Purchases into EMIs

Easily use your Axis Bank Credit Card to convert purchases into convenient EMIs.  

  • Stringent Security Measures

Your Axis Bank Credit Card ensures safety against fraud. Apply online and avail the best credit card for you now!

Read More

Frequently Asked Questions on Axis Bank Credit Card Charges and Fees

What are the finance charges on Axis Bank credit cards?

The finance charges on Axis Bank credit cards vary according to the type of card. For cards such as MY ZONE Credit Card and Neo Credit Card the finance charges are 3.6% per month (52.86% p.a.)

What are the different types of fees and charges on Axis credit cards?

The different Axis Bank Credit Card charges and fees are as follows-

  • Finance charges

  • Late payment charges

  • Annual fees

  • EMI charges

  • Over limit charges

  • ATM withdrawal charges

  • International transaction charges

  • Fuel surcharge

  • Cheque return or dishonour fee

How much interest is charged on Axis Bank credit cards?

The rate of interest charged on your Axis Bank Credit Card depends on your card variant. However, most Axis Bank credit cards come with an interest rate of up to 3.6% per month.

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