Axis Bank charges nominal MyBiz Business Credit Card fees that are transparent and as per industry standards. Here are the fees and charges for MyBiz Business Credit Card.
| MyBiz Business Credit Card |
Charges
|
| Joining Fee |
Nil |
| Annual Fee |
1st Year: Nil
2nd Year onwards: Nil
|
| Card Replacement Fee (lost or stolen or re -issue) |
Waived |
| Cash Payment Fee |
Rs. 100 |
| Duplicate Statement Fee |
Waived |
Charge slip
Retrieval Fee or
Copy Request Fee |
Waived |
| Outstation Cheque |
Waived |
| Fee |
|
| Mobile Alerts for Transactions |
Free |
| Hot listing Charges |
Nil |
| Balance Enquiry Charges |
Waived |
Finance Charges
(Retail Purchases & Cash) |
3.6% per month (52.86% per annum) |
| Cash Withdrawal Fees |
2.5% (Min. Rs. 250) of the Cash Amount |
| Overdue Penalty or Late Payment Fee |
Rs. 300 if Total Payment Due is up to Rs. 2000
Rs. 400 if Total Payment Due is between Rs. 2001 - Rs. 5000
Rs. 600 if Total Payment Due is Rs. 5001 or more
|
| Over Limit Penalty |
3% of the over limit amount (Min. Rs. 500) |
Cheque return or
dishonour Fee or
Auto-debit Reversal |
Rs. 300 |
| Foreign Currency Transaction Fee |
3.50% of the transaction value |
| Reward Point Redemption fee |
Nil |
| Goods & Services Tax |
As applicable |
Charge structure is subject to change from time to time at the sole discretion of Axis Bank. As per Ministry of Finance guidelines, a Goods & Services Tax as applicable is levied on all fees, interest and other charges on all credit cards. No refund shall be provided for Goods & Services Tax charged on Fuel Transaction Surcharge.
