Axis Bank Credit Card Interest Rates

An interest rate is a cost levied by your credit card company on the amount borrowed with the card. However, you will be charged interest only if you do not pay the complete outstanding bill amount by the due date or the interest-free period, whichever comes first. 

Axis Bank Credit Card interest per month currently is 3.40% per month or 49.36% per year.

However, if you pay the complete outstanding debt by the due date, you will not be charged an additional fee.

That is the best feature of credit cards. However - if you are unable to pay the full amount by the due date, it is critical that you understand interest rates and how they are calculated.

It comes with a very nice welcome bonus worth Rs. 1,100. In comparison to the Rs. 500 membership charge, this represents excellent value for the user.

A new member will receive a complimentary Premium Economy flight ticket as part of the Welcome perks. For each card renewal, an airline ticket will be offered. Also, at restaurants affiliated with Axis Bank Dining Delights, customers can earn up to a 15% discount.

This premium travel credit card give you unlimited miles every time you use it to make a purchase. When you choose the Axis Bank Miles and More Credit Card, you can earn bonus miles in large quantities.

Through this card, get a 15% discount at over 200 partner restaurants across the country.

With the Axis Bank Select Credit Card for your first transaction, you will receive an Rs.2,000 Amazon coupon.

Here are the primary characteristics of some of the credit cards offered by Axis Bank-

• Credit cards by Axis Bank can be beneficial to customers in terms of rewards and cashback. 
• The cards also have interest-free periods. 
• It can be availed by all eligible individuals, irrespective of being a customer of the bank or not.
• The bank offers varied types of credit cards to its users with different suitabilities and benefits.

You can apply for the credit card of Axis Bank by following the steps mentioned below-

Step 1: Visit the net banking portal of Axis Bank.

Step 2: Navigate to the apply section.

Step 3: Choose your preferred credit card.

Step 4: Fill in the online application with the mentioned KYC.

You will further receive a confirmation from the bank on successful submission.

• The primary cardholder must be between the ages of 18 and 70.
• The bearer of an add-on card must be over the age of 15.
• Should be a resident of India.

• Form 60 or a photocopy of your PAN card.
• Passport/Ration Card/Electricity Bill/Landline Telephone Bill are acceptable forms of proof of residency.
• Income Proof: Form 16/Latest Payslip/Copy of IT Return.

If you carry forward the dues or don't make timely payments on your credit cards, Axis Bank will charge you interest. Here are some examples of situations in which the bank will charge you interest on your credit card-

If the client carries the balance forward to the following statement cycle, the credit card interest rate is applied to the outstanding balance.

The Axis Bank CC interest rate would be applied from the date the cash is withdrawn until the balance is paid off.

If the consumer does not pay the whole amount, the interest rate will be applied. In this case, the required interest is the sum of the following amounts-

• Interest is calculated on the entire amount from the date of the transaction to the date of partial payment.
  
  
• Interest is also calculated on the outstanding amount after the partial payment date until the next statement generation/payment date.

Axis Bank offers its cardholders an interest-free period ranging from 20 to 50 days. The amount of interest-free days you receive is determined by the purchase date in relation to the statement-generating date. During this time, you are not required to pay the interest on your purchases. 

• The credit cards provide world-class benefits, including unlimited savings from a variety of merchant outlets.
• Increased purchase limits.
• Airport VIP lounge access.
• Using MyDesign, you may design your own credit card.
• Credit cards include incorporated EMV chips for increased security.
• Cashback possibilities are available.
• Axis Bank's EDGE Loyalty program offers over 500 awards.
• Discounts on dining, shopping, and online purchases.
• Vouchers for airline travel.