Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
The annual fee is a charge that you pay the credit card company for giving you the privilege to use their card. This fee is worth if the rewards are substantially high. However, when it is not, users turn to credit cards with no annual fee (otherwise known as zero annual fee credit cards or lifetime free credit cards).
Though there are many issuers offering such credit cards, talking about the Axis bank, in particular, they have two credit cards under that scheme. These include:
Paying off the annual fee does not make sense if you happen to use the credit card very moderately or do not utilize it for making purchases or uninterested in availing the perks and rewards the card offers. At such times, no annual fee credit cards or cards that come with the lifetime free scheme can come to a rescue. They help you save on the additional charges.
Here are two credit cards from Axis Bank that can be availed under the lifetime free scheme:
The Axis Bank Insta Easy Credit Card is a great option to choose from if you are a first-time user. The primary thing that you will require to avail this credit card is to have an FD (Fixed Deposit) of Rs.20,000. Once this is done, you will earn 6 reward points for every Rs.200 that is spent domestically. Apart from all these, the main catch is that the interest rate is low and there is no annual fee.
| Type of Fee | Charges |
|---|---|
| Joining fee | Nil |
| Annual fee | Nil |
| Joining fee on add-on cards | Nil |
| Annual fee on add-on cards | Nil |
| Finance charges | 2.5% every month (34.49% per year) |
| Cash withdrawal fee | 2.5% of the total cash amount (Rs.250 minimum) |
| Cash payment fee | Rs.100 |
| Card replacement fee (stolen/reissue/lost) | Waived |
| Fee for duplicate statement | Waived |
| Late payment charges |
|
| Over limit fee | 3% of the actual over-limit amount (Rs.500 minimum) |
| Charge slip retrieval fee | Waived |
| Fee for the outstation cheque | Waived |
| Cheque return fee | Rs.300 |
| Hotlisting charges | Nil |
| Balance inquiry fee | Waived |
The Axis Bank Select Credit Card is one of the best premium card options for Burgundy Customers. The card does not have an annual fee and comes with multiple features. You can get access to various benefits like insurance coverage, dining offers, annual benefits, etc.
| Type of fee | Charges |
|---|---|
| Joining fee | Nil |
| Annual fee | Nil |
| Joining fee on add-on cards | Nil |
| Annual fee on add-on cards | Nil |
| Finance charges | 2.95% every month (41.75% per year) |
| Cash withdrawal fee | 2.5% of the total cash amount (Rs.250 minimum) |
| Cash payment fee | Rs.100 |
| Card replacement fee (stolen/reissue/lost) | Waived |
| Fee for duplicate statement | Waived |
| Late payment charges |
|
| Over limit fee | 3% of the actual over-limit amount (Rs.500 minimum) |
| Charge slip retrieval fee | Waived |
| Fee for the outstation cheque | Waived |
| Cheque return fee | Rs.300 |
| Hotlisting charges | Nil |
| Balance inquiry fee | Waived |
Step 1: Go to the official website of Axis Bank (https://www.axisbank.com/retail/cards/credit-card).
Step 2: From the menu, select Explore Products > Cards > Credit Cards > Explore All.
Step 3: You will see a list of options. Choose the Axis Bank Insta Easy Credit Card. Click ‘Apply Now’.
Step 4: Fill the required details.
Step 5: Click the checkbox that says "I authorize Axis Bank ……"
Step 6: Click on the 'Submit' button.
You will receive a call from the bank representative, who will help you with the further process.
Yes, all the B2B transactions are subject to GST, which are paid before you receive the credit.
It depends on the credit card that you choose. The two cards that are mentioned above do not have any annual charges. They are free for lifetime.
You can apply for an Axis Bank Lifetime Free credit card by visiting the official website of Axis bank and applying for the card there.
No, you do not have to pay any joining fee or renewal fee for your Axis Bank Lifetime Free credit card.
There are two credit cards from Axis Bank that come under the Lifetime Free credit card scheme. They are – Axis Bank Select credit card and Axis Bank Insta Easy credit card.
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