The Axis Bank credit card interest rate or finance charge is the interest collected by the bank if you don’t pay your credit card balance in full. When you opt for paying only the minimum amount due (MAD) or even lesser amount, Axis Bank will charge interest on the remaining amount as well as every new transaction till you clear the entire outstanding.
On Axis Bank Official Website
The interest rate for Axis Bank credit cards ranges from 2.95% to 3.6% per month (41.75% to 52.86% per annum), depending on the credit card variant. The finance charges or Axis Bank credit card interest rates for different credit cards offered by the bank are listed below:
| Credit Card | Monthly Interest Rate | Annually Interest Rate |
|---|---|---|
| Axis Bank Neo Credit Card | 3.6% | 52.86% |
| Axis Bank MY Zone Credit Card | 3.6% | 52.86% |
| Flipkart Axis Bank Credit Card | 3.6% | 52.86% |
| IndianOil Axis Bank Credit Card | 3.6% | 52.86% |
| REWARDS Credit Card | 3.6% | 52.86% |
| Axis Bank Magnus Credit Card | 3% | 42.58% |
| Axis Bank Vistara Credit Card | 3.6% | 52.86% |
| Axis Bank Vistara Signature Credit Card | 3.6% | 52.86% |
| Axis Bank Vistara Privilege Credit Card | 3.6% | 52.86% |
| SpiceJet Axis Bank Voyage Black Credit Card | 3.6% | 52.86% |
| Axis Bank Select Credit Card | 3.6% | 52.86% |
| Axis Bank Atlas Credit Card | 3.6% | 52.86% |
| Axis Bank Kwik Credit Card | 3.6% | 52.86% |
| SpiceJet Axis Bank Voyage Credit Card | 3.6% | 52.86% |
| Airtel Axis Bank Credit Card | 3.6% | 52.86% |
| Axis Bank Vistara Infinite Credit Card | 3.6% | 52.86% |
| Samsung Axis Bank Signature Credit Card | 3.6% | 52.86% |
| Samsung Axis Bank Infinite Credit Card | 3.6% | 52.86% |
| Flipkart Axis Bank Super Elite Credit Card | 3.6% | 52.86% |
| Miles and More Axis Bank Credit Card | 3.6% | 52.86% |
| Axis Bank AURA Credit Card | 3.6% | 52.86% |
| Axis Bank Freecharge Credit Card | 3.6% | 52.86% |
| Axis Bank Freecharge Plus Credit Card | 3.6% | 52.86% |
| Axis Bank Ace Credit Card | 3.6% | 52.86% |
| Axis Bank Pride Platinum Credit Card | 2.95% | 41.75% |
| Axis Bank Pride Signature Credit Card | 2.95% | 41.75% |
| Axis Bank My Zone Easy Credit Card | 3.4% | 49.96% |
| Privilege Easy Credit Card | 3.4% | 49.96% |
| Axis Bank Signature Credit Card | 3.4% | 49.96% |
| LIC Axis Bank Signature Credit Card | 3.6% | 52.86% |
| LIC Axis Bank Platinum Credit Card | Waived | Waived |
| Platinum Credit Card | 3.4% | 49.96% |
| Titanium Smart Traveller Credit Card | 3.4% | 49.96% |
| Axis Bank My Wings Credit Card | 3.4% | 49.96% |
Axis Bank credit card charges are levied on the various services offered by the bank on your credit card, including cash withdrawal, loan facility, balance transfer, minimum bill payment, etc. The list of Axis Bank credit card fees and charges, including Axis Bank credit card annual fees, joining fees, interest rates, Axis Bank credit card loan interest rates, etc. are given below:
| Credit Card Variant | Joining/Annual Fee | Foreign Currency Transactions % of Transaction Value | Cash Advance Fee | Overlimit Charges | Finance Charges (p.a.) |
|---|---|---|---|---|---|
| Axis Bank Neo Credit Card | Rs. 250 | 3.5% | 2.5% | 2.5% | 52.86% |
| Axis Bank MY Zone Credit Card | Rs. 500 | 3.5% | 2.5% | 2.5% | 52.86% |
| Flipkart Axis Bank Credit Card | Rs. 500 | 3.5% | 2.5% | 2.5% | 52.86% |
| IndianOil Axis Bank Credit Card | Rs. 500 | 3.5% | 2.5% | 2.5% | 52.86% |
| REWARDS Credit Card | Rs. 1,000 | 3.5% | 2.5% | 2.5% | 52.86% |
| Axis Bank Magnus Credit Card | Rs. 12,500 | 2% | Nil | 2.5% | 42.58% |
| Axis Bank Vistara Credit Card | Rs. 1,500 | 3.5% | 2.5% | 2.5% | 52.86% |
| Axis Bank Vistara Signature Credit Card | Rs. 3,000 | 3.5% | 2.5% | 2.5% | 52.86% |
| Axis Bank Vistara Privilege Credit Card | Rs. 1,500 | 3.5% | 2.5% | 2.5% | 52.86% |
| SpiceJet Axis Bank Voyage Black Credit Card | Rs. 2,000 | 3.5% | 2.5% | 2.5% | 52.86% |
| Axis Bank Select Credit Card | Rs. 3,000 | 3.5% | 2.5% | 2.5% | 52.86% |
| Axis Bank Atlas Credit Card | Rs. 5,000 | 3.5% | 2.5% | 2.5% | 52.86% |
| Axis Bank Kwik Credit Card | Nil | 3.5% | NA | 2.5% | 52.86% |
| SpiceJet Axis Bank Voyage Credit Card | Rs. 750 | 3.5% | 2.5% | 2.5% | 52.86% |
| Airtel Axis Bank Credit Card | Rs. 500 | 3.5% | 2.5% | 2.5% | 52.86% |
| Axis Bank Vistara Infinite Credit Card | Rs. 10,000 | 3.5% | 2.5% | 2.5% | 52.86% |
| Samsung Axis Bank Signature Credit Card | Rs. 500 | 3.5% | 2.5% | 2.5% | 52.86% |
| Samsung Axis Bank Infinite Credit Card | Rs. 5,000 | 3.5% | 2.5% | 2.5% | 52.86% |
| Flipkart Axis Bank Super Elite Credit Card | Rs. 500 | 3.5% | 2.5% | 2.5% | 52.86% |
| Axis Bank Miles and More World Credit Card | Rs. 3,500 | 3.5% | 2.5% | 2.5% | 52.86% |
| Axis Bank AURA Credit Card | Rs. 749 | 3.5% | 2.5% | 2.5% | 52.86% |
| Axis Bank Freecharge Credit Card | Rs. 350 | 3.5% | NA | 2.5% | 52.86% |
| Axis Bank Freecharge Plus Credit Card | Rs. 350 | 3.5% | NA | 2.5% | 52.86% |
| Axis Bank Ace Credit Card | Rs. 499 | 3.5% | 2.5% | 2.5% | 52.86% |
| Axis Bank Pride Platinum Credit Card | Nil | 3.5% | 2.5% | 2.5% | 41.75% |
| Axis Bank Pride Signature Credit Card | Nil | 3.5% | 2.5% | 2.5% | 41.75% |
| Axis Bank My Zone Easy Credit Card | Rs. 500 | 3.5% | 2.5% | 2.5% | 49.96% |
| Privilege Easy Credit Card | Rs. 1,500 | 3.5% | 2.5% | 2.5% | 49.96% |
| Axis Bank Signature Credit Card | Rs. 3,000 | 3.5% | 2.5% | 2.5% | 49.96% |
| LIC Axis Bank Signature Credit Card | Nil | 3.5% | 2.5% | 2.5% | 52.86% |
| LIC Axis Bank Platinum Credit Card | Nil | 3.5% | 2.5% | 2.5% | Waived |
| Platinum Credit Card | Rs. 500 joining fee & Rs. 200 annual fee | 3.5% | 2.5% | 2.5% | 49.96% |
| Titanium Smart Traveller Credit Card | Rs. 250 joining fee & Rs. 100 annual fee | 3.5% | NA | 2.5% | 49.96% |
| Axis Bank My Wings Credit Card | Rs. 1,200 joining fee & Rs. 500 annual fee | 3.5% | 2.5% | 2.5% | 49.96% |
In addition to the fees and charges mentioned above, Axis Bank also levies the charges mentioned below:
Axis Bank charges a monthly interest rate on the balance amount on a daily basis. You can calculate your Daily Periodic Rate by taking the APR (Annual Percentage Rate) and dividing it by the number of days in the year.
For instance, if the monthly interest rate charged by the bank is 13%, the formula for calculating the interest rate will be:
Interest Rate = [(Total Outstanding Amount x 13% per month x 12 months) X number of days] / 365 days.
To this interest, the late payment fee and GST of 18% will be added on interest charges.
The bank adds finance charges to the monthly credit card billing statement of the customer until the outstanding is completely cleared.
How to Calculate Axis Bank Credit Card EMI?
You can use the Axis Bank credit card EMI calculator to calculate the monthly repayment schedule for your EMI purchases on the card. This tool also provides the total interest amount result.
You can calculate the EMI using the Axis Bank credit card EMI interest rate calculator in a few easy steps mentioned below:
The late payment charges on Axis Bank credit cards are charged if you could not pay even the minimum amount due on or before the due date. This charge is a fixed amount, levied as per the outstanding balance.
Below is the Axis Bank late payment charges or overdue penalty table according to the total outstanding amount:
| Total Outstanding Amount | Late Payment Charge |
|---|---|
| Less than Rs. 500 | Nil |
| Rs. 501 to Rs. 5,000 | Rs. 500 |
| Rs. 5,001 to Rs. 10,000 | Rs. 750 |
| Above Rs. 10,000 | Rs. 1200 |
You can avoid the Axis Bank credit card EMI interest rate and some other charges with the following tips:
To earn max rewards & redeem cashback, value back offers, discounts & exclusive deals. Select the best Credit Card as per need.
The interest rate for Axis Bank Vistara credit card is 3.6% per month (52.86% per annum).
Axis Bank credit cards come with an interest-free period of 20 to 50 days wherein, you don’t need to pay the interest accrued on the purchases.
Axis Bank charges a cash advance fee of 2.5% of the withdrawn amount.
You can reach the Axis Bank credit card customer care team by dialing 1800 209 5577 or 1800 103 5577 (in India) and +91 – 22-27648000 (if calling from outside India). Alternatively, you can also write email to [email protected] for more assistance.
