Axis Bank Credit Card Statement

An Axis credit card statement is a document that all Axis Bank credit card holders receive at the end of every monthly billing cycle. It is a detailed document that contains information on the various transactions that you’ve made using the card. Additionally, it also gives you other vital information such as the payment due date, the total amount due and the minimum amount due, among others. 

 

By going through the Axis card statement, you can easily assess the amount you are spending, the frequency of your spending and understand your financial habits better.

As an Axis card holder, it is important for you to know what the various terms and components present in your Axis Bank credit card statement are. Here’s a quick overview of a few of them.  

• Statement Period

The statement period indicates the billing cycle or the period during which the transactions listed within this statement have occurred. The statement is typically generated every 30 days.

• Payment Due Date

Payment due date indicates the last date by which the outstanding credit card due or the minimum amount due on the credit card must be paid.

• Minimum Due Amount

While your total outstanding balance may be significantly higher, this is the amount that you are required to pay within the due date. If you’re unable to pay the total outstanding balance on your credit card, you can choose to pay the minimum due amount within the due date. The minimum due amount is usually around 5% of the total amount due. 

• Closing Balance

The closing balance on your Axis credit card statement is the total amount you are due to repay on your credit card. As a good financial practice, this amount should ideally stay minimal as it helps maintain a high credit score. 

• Interest-Free Period

When you view your Axis Bank credit card statements online, you will notice a component titled ‘interest-free period’. This is the period until which you can repay your dues without having to pay any additional interest on the outstanding amount.

• Reward Points

Reward points accumulated on your card are also mentioned on your credit card statement. This includes total points, available points and expired points.

• Transaction Summary

This is a record of all the credit and debit transactions made on your card during a statement period.

• Available Credit Limit

The available credit limit is the amount of money that you can borrow on your credit card. Every time you use your card, the available credit limit decreases until you make a repayment.

• Available Cash Limit

This is the amount of money from the total cash limit that you can withdraw as cash from an ATM.

You can download your Axis Bank credit card online statement by either logging into your Axis Bank credit card netbanking account or through the Axis Mobile application. Let’s take a look at the process that you would have to follow. 

A) Through Netbanking 

• Step 1: Visit the Axis Bank official website and log into your netbanking account. 

• Step 2: Go to the credit card section.

• Step 3: Select your credit card, click on ‘View Statement’ and choose the billing cycle. 

• Step 5: Click ‘Get Statement’ to download the Axis credit card statement.

B) Through the Axis Mobile app 

• Step 1: Download the Axis Mobile app and log into it using your user credentials. 

• Step 2: Click on ‘Credit Cards’ and then on ‘View Statement’.

• Step 3: Select the date range and click on ‘Download’ to get a copy of your Axis Bank credit card statement.

The Axis Bank credit card statement is designed to give you detailed information on all the transactions that you’ve carried out during a billing cycle. By thoroughly perusing your statement, you can keep an eye out for unauthorised transactions that may have been carried out without your knowledge. 

 

In case you spot any suspicious transactions that you believe may have been carried out without your consent, it is advisable to contact your bank’s credit card customer care right away. Alternatively, if you spot any mistakes or errors on your Axis credit card statement, here’s a quick look at what you can do to handle them. 

• Bring the error or mistake to the notice of the Axis Bank credit card customer care immediately. In most cases, the issue will be rectified by the bank. 

• As part of the resolution process, the bank may require you to produce certain documentary evidence or proof of transaction. Therefore, it is a good idea to keep a record of the receipts and transactions that you make. 

• If the bank is unable to provide you with a satisfactory response, you may escalate the issue further by writing a letter to the Axis Bank credit card customer care cell clearly explaining the issue along with documentary evidence to prove your case.