Axis Bank Credit Card Cash Withdrawal Charges

The cash withdrawal feature on your card can assist you during emergencies. While you can withdraw cash through your credit card from an ATM, Axis Bank specifies a limit for it. Usually, it is up to 40% of your total credit limit. 

You can find the current limit on your card’s statement or contact the bank through customer care. Remember that you need to pay Axis Bank credit card’s cash withdrawal charges to access this facility.

When you withdraw cash using your card, the issuer levies specific fees. Here is a breakdown of costs associated with cash withdrawals on an Axis Bank credit card:

You can withdraw cash from any ATM, not limited to Axis Bank ATMs. The process for obtaining a cash advance from ATMs using a credit card is similar to that of a debit card. You can follow these steps to withdraw cash from your Axis Bank credit card:

1. Visit an ATM near your location

2. Insert or swipe the credit card into the ATM slot and enter the PIN

3. Select the ‘Credit Card’ option and choose the ‘Cash Withdrawal’ option

4. Enter the withdrawal amount of your choice, considering the cash limit on your card

5. Once confirmed, the ATM will dispense your cash

Note that you may need to validate the transaction at some ATMs with a One-time Password (OTP).

You will also incur interest on the borrowed amount, starting from the day of withdrawal until full repayment. Here is a view of the interest charged on withdrawal done through Axis Bank credit cards:

Axis Bank credit cards allow you to withdraw a maximum of 40% of your credit limit in one transaction. To understand this, assume your credit limit is ₹75,000. In this case, your maximum credit card cash withdrawal amount will be ₹30,000. 

However, if your credit limit is ₹1 Lakh, you can withdraw up to ₹40,000 with your Axis Bank credit card. A higher credit limit can help you get access to a higher cash withdrawal amount. 

Axis Bank credit card cash withdrawal charges and interest rates are just two of the details you need to know before opting for this facility. Here are some of its other benefits you need to know:

• No need for the bank’s approval

• Flexibility to withdraw cash during emergencies

• Cash withdrawal is possible from ATMs at both domestic and international locations

• Great option to meet your urgent financial requirements

• Easy repayment as per your fund availability

Be mindful of the following drawbacks of cash withdrawals from credit cards:

• Involves high interest charges, usually more than regular financing options

• Late payments or defaults have a direct impact on your credit score

• There is no grace period as interest starts accumulating from day one

• You do not earn any reward points on this type of transaction

Reference of all T&Cs necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time, amongst other conditions.