Important Announcement for

Axis Bank Credit Cards

Effective September 4th, 2022, charges on your Axis Bank Credit Cards will be revised
as per the details below:

Late Payment Charges

The current Late Payment Charges on your Axis Bank Credit Cards are given below:

Outstanding Balance Current Rates

Less than INR 300 Nil
INR 301 to INR 500 INR 100
INR 501 to INR 10,000 INR 500
INR 10,001 to INR 25,000 INR 750
Greater than INR 25,000 INR 1,000

Effective September 4th, 2022, the Late Payment Charges will be as in the table below.

Outstanding Balance Revised Rates (Effective 4th September 2022)

Less than INR 500 Nil
INR 501 to INR 5,000 INR 500
INR 5,001 to INR 10,000 INR 750
Greater than INR 10,000 INR 1,200

Late Payment Charges will not be applicable for BURGUNDY PRIVATE Credit
Cards.
Reward Redemption Charges
From 4th September 2022, Reward Redemption Charges will be applicable on the
redemption of EDGE Reward points as per the slabs below:

No. of EDGE Reward Points Redeemed Charges

Less than 300 points Nil
300 points to 10,000 points INR 49
Greater than 10,000 points INR 99

Reward Redemption Charges will not be applicable for customers holding

SELECT Credit Card, Axis Bank ATLAS Credit Card, Axis Bank SIGNATURE Credit Card,
Axis Bank Infinite Credit Card, PRIVILEGE Credit Card, MAGNUS Credit Card,
RESERVE Credit Card, BURGUNDY PRIVATE Credit Card,
PRIORITY PLATINUM Debit Card, BURGUNDY Debit Card,
BURGUNDY PRIVATE Debit Card, RUPAY PLATINUM NRO Debit Card,
BURGUNDY NRO Debit Card or BURGUNDY PRIVATE NRO Debit Card

FAQs

1. Is my Annual/Joining Fee getting revised?

No, there is no change in the Annual/Joining Fee.

2. From when will these charges be applicable?

These charges would be effective September 4th, 2022.

3. Will there be any change in charges already levied in my statement?

No, these charges would only be applicable from September 4th, 2022.

4. How can I avoid Late Payment and Interest charges?

These charges are levied in case an amount less than total amount due
is paid by the payment due date.

To avoid these charges:

 • Pay at least your minimum amount due before the payment due
date to avoid late payment charges.

• Pay the total amount due before the payment due date and
complete payment pending the interest on all previous transactions to
avoid further interest charges.

5. Do these charges include GST?

GST, as notified by the Government of India, is applicable on all fees,
interest and other charges, and is subject to change as per relevant
regulations of the Government of India. GST will be levied over and
above the charges/fee mentioned in the document.

6. Will I be charged Reward Redemption Fee on Cashback too?

Reward Redemption Fee is only applicable on the redemption of EDGE
Reward Points. It will not be applicable on redemption of other
rewards like Cashback, Club Vistara Points, etc

7. Where can I view all the charges applicable to me?

All charges applicable to your Credit Cards can be viewed in our Most
Important Terms and Conditions at
https://www.axisbank.com/docs/default-source/default-document-
library/mitc-credit-cards.pdf