Axis Bank Credit Cards Interest Rates

Axis Bank charges interest on the outstanding balance or if you pay only the minimum amount due for the month. Interest is also charged on ATM cash withdrawals. Here, you can check out the annual and monthly interest rates of Axis Bank credit card variants available on Bajaj Markets.

Knowing when you would need to pay interest helps you use your card better. The good news is that you can use your card without paying interest charges if you pay your total due amount before the 50-day interest-free period expires. 

Here are instances that attract interest: 

• When you do not pay the total amount due by the due date, interest will apply to the total amount due

• Interest will apply to all new transactions until the overdue amount is fully cleared 

• Even if you have paid the minimum amount due by the due date, Axis Bank charges interest on the total amount due (entire balance)

• When you withdraw cash from an ATM, interest will apply from the time of withdrawal until full repayment

• When you transfer the balance from other credit cards to a credit card from Axis Bank, interest applies from the date of the transfer

• Such an interest will be charged even after the credit card account is closed until you pay the full overdue balance 

Knowing the interest you are liable to pay helps you plan your finances better. Take a look at how interest is charged on Axis Bank credit cards:

Apart from the credit card interest rate levied by Axis Bank, there may be other charges that apply. These are related to your usage of certain facilities like withdrawing cash from an ATM or transacting with the card overseas. 

Here is a list of other charges that apply to credit cards from this issuer:

When you need to pay interest, try to repay the overdue amount as quickly as you can. This will help reduce the accumulating interest. The best way to eliminate the same is to develop healthy credit habits. 

Some of these include: 

• Not delaying bill payments beyond the due date and grace period 

• Planning to clear bills in advance by monitoring usage and allocating funds 

• Paying the total amount due instead of only the minimum amount due 

• Choosing the right billing cycle that coincides with the salary or earnings 

• Using the cash advance facility wisely 

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