Axis Credit Card Interest Rates
Axis Bank is among the top banks in the country offering a wide range of products to its customers all over the country. Among the top products offered by the bank, credit cards are among the most popular.
Along with the wide range of features and benefits that an Axis Bank Credit Card comes with, it also comes with an interest rate added to the credit amount due if not paid within the due date.
What Is Axis Bank Credit Card Interest Rate?
An interest rate is a fee charged by your credit card provider on the amount you borrowed using your card. However, you will be charged an interest rate only if you haven't paid the total outstanding bill amount within the due date or the interest-free period, whichever is applicable. Currently, Axis Bank charges an interest rate of up to 3.6% per month which is 52.86% per annum.
However, if you clear the total outstanding balance within the due date, you do not have to pay an additional fee. That is the best thing about credit cards. But, if you are someone who cannot pay the total amount within the due date, it is very important for you to know about the interest rate and how it is calculated.
How Are Credit Card Interest Rates Calculated by Axis Bank?
- It is important to know what the Annual Percentage Rate (APR) is before understanding the calculation of interest rate. APR is a rate that your credit card provider charges you annually based on the balance on your card.
- However, in reality, banks charge a monthly interest rate on the balance due amount on a daily basis. You can calculate your Daily Periodic Rate by taking the Annual Percentage Rate and dividing it by the number of days in the year.
For example: If the monthly interest rate charged by your credit card provider is 13%, the formula used to calculate the interest rate you end up paying on an average daily balance method is as follows:
Interest Rate = [(Total Outstanding Amount x 13% per month x 12 months) X number of days] / 365 days.
Interest Rate Charged on Axis Bank Credit Cards
Axis Bank Credit Card Variant | Overdue Interest on Extended Credit | Interest on Cash Advances | ||
Monthly Rate of Interest | Annual Rate of Interest | Monthly Rate of Interest | Annual Rate of Interest | |
Burgundy Private Credit Card | 1.5% per month | 19.56% per annum | 1.5% per month | 19.56% per annum |
Pride Platinum Credit Card | 2.95% per month | 41.75% per annum | 2.95% per month | 41.75% per annum |
Pride Signature Credit Card | 2.95% per month | 41.75% per annum | 2.95% per month | 41.75% per annum |
Privilege Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Select Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Axis Bank Atlas Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Miles & More Axis Bank World Select Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Miles & More Axis Bank World Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
My Zone Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
My Choice Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
My Wings Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Axis Bank Vistara Signature Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Axis Bank Vistara Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Platinum Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Titanium Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Neo Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Axis Bank Buzz Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Visa Gold Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Visa Silver Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Indian Oil Axis Bank Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Axis Bank Vistara Infinite Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Aura Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
LIC Credit Cards | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Rewards Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
KWIK Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Axis Bank Shoppers Stop Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Indianoil Axis Bank Premium Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Axis Bank Horizon Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Axis Bank Cashback Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Reserve Credit Card | 3.0% per month | 42.58% per annum | 3.0% per month | 42.58% per annum |
Magnus Credit Card | 3.0% per month | 42.58% per annum | 3.0% per month | 42.58% per annum |
Magnus For Burgundy Credit Card | 3.0% per month | 42.58% per annum | 3.0% per month | 42.58% per annum |
Olympus Credit Card | 3.0% per month | 42.58% per annum | 3.0% per month | 42.58% per annum |
Flipkart Axis Bank Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Flipkart Axis Bank Super Elite Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Axis Bank Freecharge Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Axis Bank Freecharge Plus Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Ace Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Airtel Axis Bank Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Spicejet Axis Bank Voyage Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Spicejet Axis Bank Voyage Black Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Samsung Axis Bank Signature Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Samsung Axis Bank Infinite Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Fibe Axis Bank Credit Card | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
IKEA Family Credit Card by Axis Bank | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
All Other Credit Cards | 3.6% per month | 52.86% per annum | 3.6% per month | 52.86% per annum |
Secured Gold Credit Card | 3.4% per month | 49.36% per annum | 3.4% per month | 49.36% per annum |
Secured Silver Credit Card | 3.4% per month | 49.36% per annum | 3.4% per month | 49.36% per annum |
Platinum Secured Credit Card | 3.4% per month | 49.36% per annum | 3.4% per month | 49.36% per annum |
Insta Easy Credit Card | 3.4% per month | 49.36% per annum | 3.4% per month | 49.36% per annum |
My Zone Easy Credit Card | 3.4% per month | 49.36% per annum | 3.4% per month | 49.36% per annum |
Privilege Easy Credit Card | 3.4% per month | 49.36% per annum | 3.4% per month | 49.36% per annum |
Axis Bank Flipkart Secured Credit Card | 3.4% per month | 49.36% per annum | 3.4% per month | 49.36% per annum |
Indian Oil Axis Bank Easy Credit Card | 3.4% per month | 49.36% per annum | 3.4% per month | 49.36% per annum |
Axis Bank Easy Gold Credit Card (Salaried Person) | 3.4% per month | 49.36% per annum | 3.4% per month | 49.36% per annum |
Axis Bank Easy Gold Credit Card (Self-employed Person) | 3.4% per month | 49.36% per annum | 3.4% per month | 49.36% per annum |
Axis Bank PRIMUS Credit Card | 1.00% per month | 12.68% per annum | 1.00% per month | 12.68% per annum |
Which Axis Bank Credit Card Transactions Attract Interest Charges?
Apart from not paying the total due amount within the due date, there are many other activities or transactions on your card that attract interest rates. Some of them are as follows:
- When you choose to pay the minimum due amount and carry a part of the total outstanding amount into the next billing cycle.
- When you don't pay the minimum due amount within the due date, late fees and other charges will be levied.
- When you use your credit card to withdraw cash. Cash advances are expensive but when you use this benefit when you are aboard, a high cash advance fee will be charged.
- When you use your credit card in an international location, additional charges will be levied.
Popular Bank's Credit Card Interest Rates
Axis Bank Credit Card Interest-free Period
Axis Bank offers an interest-free period that ranges from 20 to 50 days depending on the date of the transaction. This feature is applicable only if your previous month's balance is paid in full. If you make the total outstanding balance within the interest-free period, you will not be charged anything additional, which means that you have enjoyed the credit facility at a 0% rate.
Example for grace period:
Let us assume that the payment due date is on 2 May 2025, and if the previous month's dues have been paid in full-
Interest-free period for a purchase on 16 March 2025 is 16 March 2025 to 2 May 2025: 47 days.
For a purchase on 15 April 2025, the interest-free period is 15 April 2025 to 2 May 2025 = 17 days.
If only a part of the payment has been made, there will be no interest-free period and interest charges will be applicable.
FAQs on Axis Bank Credit Card Interest Rates
- Is the interest rate applied to the total due amount from the start of the billing period or from the transaction date?
If you have not paid the total due amount within your due date, the interest rate will be charged on the total due amount from the transaction date till all the previous balance is paid in full.
- How is the interest rate charged on cash advances?
On all cash advances, Axis Bank charges the monthly interest rate from the date of withdrawal till the amount is paid in full. Please refer to the table above to know the monthly interest rate on your Axis Bank credit card.
- What happens If I have a high credit card bill due to a high interest rate and I'm unable to pay it?
If you default on your credit card payments, Axis Bank will get in touch with you and remind you to make your payment. If you aren't able to pay the minimum due amount, your credit card will be blocked. Axis Bank has the right to report you to the Credit Information bureaus which will negatively affect your credit score.
- How do I contact the Axis Bank credit card customer service department if I have questions?
You can reach the Axis Bank credit card customer service department by dialling 1800 209 5577 or 1800 103 5577. These numbers are accessible from any landline or mobile phone in India. You can dial +91 - 22-27648000 if you are calling from outside India. Alternatively, you can write to email.services@axisbank.com.
Types of Credit Card
- Top 10 Credit Cards in India
- Fuel Credit Cards
- Lifetime Free Credit Cards
- Kisan Credit Card
- Student Credit Cards in India
- Shopping Credit Cards
- Contactless Credit Cards
- Travel Credit Cards
- Co-Branded Credit Cards
- Lifestyle Credit Cards
- Rewards Credit Cards
- Business Credit Cards
- NRI Credit Cards
- Cashback Credit Cards
- Lounge Access Credit Cards
Credit Card by Banks
- Axis Bank Credit Card
- HDFC Bank Credit Card
- Kotak Bank Credit Card
- Federal Bank Credit Card
- SBI Credit Cards
- HSBC Credit Card
- IndusInd Bank Credit Card
- RBL Bank Credit Card
- Standard Chartered Credit Card
- YES Bank Credit Card
- Canara Bank Credit Card
- Punjab National Bank Credit Card
- Bank of Baroda Credit Card
- IDBI Credit Card
- Union Bank of India Credit Card
- Bank of India Credit Card
Articles on Credit Card
- How to Check Credit Card Status
- How to Manage Multiple Credit Cards
- Best Credit Card for Poor Credit
- How to get Credit Card without Job
- Credit Card Insurance Benefits
- How to Apply for Lost Credit Card
- Reasons for Credit Card Rejection
- Advantages & Disadvantages of Credit Card
- Difference between Credit Card & Debit Card
Credit Card Customer Care
- SBI Credit Card Customer Care
- HDFC Bank Credit Card Customer Care
- Axis Bank Credit Card Customer Care
- Federal Bank Credit Card Customer Care
- IndusInd Bank Credit Card Customer Care
- PNB Credit Card Customer Care
- RBL Bank Credit Card Customer Care
- Kotak Credit Card Customer Care
- Yes Bank Credit Card Customer Care
- Standard Chartered Credit Card Customer Care
- Canara Bank Credit Card Customer Care
- HSBC Credit Card Customer Care
- Indian Bank Credit Card Customer Care
- Bank of Baroda Credit Card Customer Care
- Bank of India Credit Card Customer Care
- Union Bank of India Credit Card Customer Care
Credit Card Bill Payment
- Credit Card Bill Payment
- SBI Credit Card Bill Payment
- HDFC Credit Card Bill Payment
- Federal Bank Credit Card Bill Payment
- Axis Bank Credit Card Bill Payment
- IndusInd Credit Card Bill Payment
- Kotak Credit Card Bill Payment
- Standard Chartered Credit Card Bill Payment
- RBL Bank Credit Card Bill Payment
- HSBC Credit Card Bill Payment
- PNB Credit Card Bill Payment
- Canara Bank Credit Card Bill Payment
- Bank of Baroda Credit Card Bill Payment
- Bank of India Credit Card Bill Payment
- Union Bank Credit Card Bill Payment
Credit Card Eligibility
- Credit Card Eligibility
- SBI Credit Card Eligibility
- HDFC Credit Card Eligibility
- Federal Bank Credit Card Eligibility
- Axis Bank Credit Card Eligibility
- Yes Bank Credit Card Eligibility
- IndusInd Bank Credit Card Eligibility
- HSBC Credit Card Eligibility
- Kotak Credit Card Eligibility
- Canara Bank Credit Card Eligibility
- Standard Chartered Credit Card Eligibility
- RBL Bank Credit Card Eligibility
- Bank of Baroda Credit Card Eligibility
- Union Bank Credit Card Eligibility
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.