The Airtel Axis Bank Credit Card Cash Withdrawal is minimum INR 500 up to 2.5% of the withdrawal amount. This means if you withdraw cash using this credit card, you will be charged either INR 500 or 2.5% of the amount you withdraw, whichever is higher.
As for rent payment charges, a 1% fee is applicable on each rent payment transaction made through the Axis Bank Credit Card. This fee is capped at INR 1,500 per transaction.
So, if you pay your rent using this card, you’ll be charged either 1% of the rent amount or INR 1,500, whichever is lower. Please note that this fee will be charged along with applicable taxes.
Lets discuss in details about the all charges.
Airtel axis bank credit card cash withdrawal charges
Cash withdrawal or cash advance is a facility provided by banks where cardholders can withdraw cash using their credit cards at ATMs.
However, this feature incurs certain charges:
- Cash Advance Fee: This is a fee that the bank charges whenever you use your credit card for cash withdrawal. It typically ranges from 2.5% of the withdrawn amount, subject to a minimum amount of Rs.500
- Finance Charges: Interest is charged on the withdrawn amount from the day of withdrawal until the amount is fully repaid. The minimum finance charges is 3.6% per month (52.86% per annum)
- Late Payment Charges: If the amount is not repaid within the due date, late payment charges apply.
Here’s an illustrative example:
Cash Withdrawn
Cash Advance Fee (3%)
Finance Charges (3.5% p.m.) for 20 days
Total Amount to be Paid
INR 5,000
INR 150
INR 116
INR 5,266
Please note these rates are hypothetical and may vary based on the bank’s policy.
Airtel axis bank credit card rent payment charges
Rent payment through credit cards is becoming increasingly popular due to the convenience and rewards points. However, it’s essential to understand that this service might come with certain fees:
- Transaction Fee: 1% transaction fee or processing fee is usually charged when you pay your rent using a credit card. However, this Rent Transaction fee is capped at INR 1,500 per transaction. You also need to pay 18% GST on Rent transaction charges.
- Interest Charges: If you do not pay your credit card bill in full by the due date, interest will be charged on the outstanding amount.
For example, if you pay a rent of INR 10,000 through a platform that charges a 2% transaction fee, your total payment would be INR 10,200.
Airtel axis bank credit card atm withdrawal limit & charges
The ATM withdrawal limit for Airtel Axis Bank Credit Card is determined based on factors like the cardholder’s credit score, usage pattern, and repayment history. The limit is communicated to the cardholder at the time of card issuance.
Withdrawals above this limit will attract additional charges. The cashwith drawal charge is Min. Rs. 500 up to 2.5% of the cash withdrawal amount.
Conclusion
While credit cards offer convenience and rewards, it’s essential to be aware of the associated charges to make the most out of your card and avoid unnecessary expenses.
Remember, financial prudence is key to maintaining a healthy credit score and financial stability.
