Axis Bank offers several credit card services that suit each customer’s banking needs and one of the options is My Biz Business credit card.
Axis Bank’s MyBiz Business credit card offers competitive interest rates, exclusive benefits, attractive reward points, and an effective business savings plan. The credit card also makes major purchases to be converted into EMI repayments conveniently.
The details regarding the credit card are as follows:
Some of the main benefits of the credit card are as follows:
The exclusive benefits and features of MyBiz Business Credit Card are as follows:
The fees and charges to avail a MyBiz Business credit card are as follows:
Categories | Charges |
Joining Fee | No charge |
Annual Fee | No annual fees charged |
Cash Payment Fee | Rs.100 |
Card Replacement Fee | Waived |
Balance Enquiry Charges | Waived |
Duplicate Statement Fee | Waived |
Retail Purchases and Cash (Finance charges) | 3.6% per month |
Cash Withdrawal Charges | 2.5% i.e., minimum Rs.250 of the cash amount |
Overdue Penalty or Late Payment Fee | If total payment due is up to Rs.2,000, the late fee is Rs.300If total payment due is between Rs.2,001 and Rs.5,000, the late fee is Rs.400If total payment due above Rs.5,000, the late fee is Rs.600 |
Over Limit Penalty | 3% of the over limit amount (minimum Rs.500) |
Foreign Currency Transaction Fee | 3.50% of the transaction value |
Cheque Return/ Dishonour Fee/ Auto-debit Reversal | Rs.300 |
Reward Point Redemption Fee | No charge |
Outstation Cheque | waived |
Mobile Alerts for Transactions | No charge |
Goods and Services Tax | As applicable |
Note
The application process for MyBiz Business Credit Card are as follows:
You can either apply for MyBiz Business credit card online through Axis Bank website or visit the nearest Axis Bank to initiate the application process.
No, a joining fee is not charged while availing a MyBiz Business credit card offered by Axis Bank.
Yes, Rs.100 is charged for cash payment fee in MyBiz Business credit card offered by Axis Bank.
Yes, every transaction above Rs.2,500 through credit card can be converted into EMIs by contacting the bank.
Yes, 2.5% of the cash amount (i.e., minimum Rs.250) is charged as cash withdrawal fee in MyBiz Business credit card.
Yes, 3.50% of the transaction value is charged as foreign currency transaction fee in MyBiz Business credit card.
No, the annual fee is not charged for Axis Bank’s MyBiz Business credit card.
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