The fees and charges for Miles & More Credit Card are applicable to all card holders. Miles & More Credit Card fees are charged for cash payment, joining, cheque return, foreign currency transaction, late payment and an annual fee. Rest of the fees are waived off for customer benefit.
| Charges |
Axis Bank Miles and More World Credit Card |
Axis Bank Miles and More Select Credit Card |
| Standard Joining Fee |
Rs.3,500 + GST |
Rs.10,000 + GST |
| Standard Annual Fee (2nd year onwards) |
Rs.3,500 + GST |
Rs.4,500 + GST |
| Standard Add-on Card Joining Fee |
Nil |
Nil |
| Standard Add-on Card Annual Fee |
Nil |
Nil |
| Finance Charges (Retail Purchases & Cash) |
3.6% per month (52.86% per annum) |
3.6% per month (52.86% per annum) |
| Cash Withdrawal Fees |
2.5% (Min. Rs. 500) of the Cash Amount |
2.5% (Min. Rs. 500) of the Cash Amount |
| Fee for Cash Payment |
Rs. 100/- |
Rs. 100/- |
| Card Replacement |
Nil |
Nil |
| Duplicate Statement Fee |
Waived |
Waived |
| Overdue Penalty or Late Payment Fee |
Nil if Total Payment Due is less than Rs. 500 |
Nil if Total Payment Due is less than Rs. 500 |
| Rs. 500 if total payment due is between Rs. 501 - Rs. 5,000 |
Rs. 500 if total payment due is between Rs. 501 - Rs. 5,000 |
| Rs. 750 if total payment due is between Rs. 5,001 - Rs. 10,000 |
Rs. 750 if total payment due is between Rs. 5,001 - Rs. 10,000 |
| Rs. 1200 if total payment due is greater than Rs.10,000 |
Rs. 1200 if total payment due is greater than Rs.10,000 |
| Over Limit Penalty |
2.5% of the overlimit amount (Min. Rs. 500) |
2.5% of the overlimit amount (Min. Rs. 500) |
| Chargeslip Retrieval Fee or Copy Request Fee |
Waived |
Waived |
| Outstation Cheque Fee |
Waived |
Waived |
| Cheque return or dishonour Fee or Auto-debit Reversal |
2% of the payment amount subject to Min. Rs.450, Max. Rs. 1,515 |
2% of the payment amount subject to Min. Rs.450, Max. Rs. 1,515 |
| Surcharge on purchase or cancellation of Railway Tickets |
As prescribed by IRCTC / Indian Railways |
As prescribed by IRCTC / Indian Railways |
| Foreign Currency Transaction Fee |
3.50% of the transaction value |
3.50% of the transaction value |
| Mobile Alerts for Transactions |
Waived |
Waived |
| Hotlisting Charges |
Waived |
Waived |
| Balance Enquiry Charges |
Waived |
Waived |
| Reward Redemption fee |
No |
No |
| Rent Transaction fee
(Applicable from 5th March
2023) |
1% capped at INR 1,500 per
transaction on rental
transactions
|
1% capped at INR 1,500 per
transaction on rental
transactions
|
| Dynamic Currency Conversion
markup (Applicable from 5th
March 2023)
|
1% on International
transaction performed in
Indian currency at
International location or
transactions performed in
Indian currency with
merchants located in Indian
but registered in foreign
nation
|
1% on International
transaction performed in
Indian currency at
International location or
transactions performed in
Indian currency with
merchants located in Indian
but registered in foreign
nation
|
Service Tax, as notified by the Government of India, is applicable on all fees, interest & other charges, and is subject to change as per relevant regulations of the Government of India.
The joining fee and the annual fee are waived for HON and Senator Status members, where the status will be defined as per the status for Miles & More membership account.
Over Limit Penalty
2.5% of the overlimit amount (Min. Rs. 500)
2.5% of the overlimit amount (Min. Rs. 500)
Chargeslip Retrieval Fee or Copy Request Fee
Waived
Waived
Outstation Cheque Fee
Waived
Waived
Cheque return or dishonour Fee or Auto-debit Reversal
2% of the payment amount subject to Min. Rs.450, Max. Rs. 1,515
2% of the payment amount subject to Min. Rs.450, Max. Rs. 1,515
Surcharge on purchase or cancellation of Railway Tickets
As prescribed by IRCTC / Indian Railways
As prescribed by IRCTC / Indian Railways
Foreign Currency Transaction Fee
3.50% of the transaction value
3.50% of the transaction value
Mobile Alerts for Transactions
Waived
Waived
Hotlisting Charges
Waived
Waived
Balance Enquiry Charges
Waived
Waived
Reward Redemption fee
No
No
Service Tax, as notified by the Government of India, is applicable on all fees, interest & other charges, and is subject to change as per relevant regulations of the Government of India.
The joining fee and the annual fee are waived for HON and Senator Status members, where the status will be defined as per the status for Miles & More membership account.
