Axis Bank MyBiz Business Credit Card

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:

credit card CTA button

Benefits of Axis Bank’s MyBiz Business Credit Card

Some of the main benefits of the credit card are as follows:

  1. The credit card helps in effective business savings plan
  2. The credit card offers attractive reward points on every international or domestic spend
  3. Convenient conversion of major credit card spends to EMIs

Features of Axis MyBiz Business Credit Card

The exclusive benefits and features of MyBiz Business Credit Card are as follows:

  1. The applicant can get reward points for all domestic spends
  2. Four reward points are awarded for every Rs.200 spent on categories of travel, tour operators, domestic airlines, direct marketing, and hotels
  3. One reward point is given for other spends
  4. Three reward points are given for every Rs.200 international spend
  5. The applicant can withdraw cash up to 30% of the credit card limit
  6. The applicant through credit card can avail the automatic utility bill payments service such as telephone, mobile, electricity, gas or insurance
  7. Every transaction above Rs.2,500 through credit card can be converted into EMIs by contacting the bank
  8. The applicant can also avail Edge Rewards points for transactions. Four points are given for every Rs.200 spent on the credit card

Fees and Charges for MyBiz Business Credit Card

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

  1. The above-mentioned charges are subject to change at the sole discretion of Axis Bank
  2. GST charges on fuel transaction surcharge are non-refundable

How to Apply for a MyBiz Business Credit Card

The application process for MyBiz Business Credit Card are as follows:

  1. The credit card can be applied online through Axis Bank website
  2. The applicant can also visit the nearest Axis Bank, where the representatives will assist the credit card application process
credit card CTA button

FAQs on Axis Bank MyBiz Business Credit Card

  • How to apply for Axis Bank’s MyBiz Business credit card?

    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.

  • Is there a joining fee charged for MyBiz Business credit card offered by Axis Bank?

    No, a joining fee is not charged while availing a MyBiz Business credit card offered by Axis Bank.

  • Is there any cash payment fee charged in 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. 

  • Can major payments through MyBiz Business credit card be converted to EMIs?

    Yes, every transaction above Rs.2,500 through credit card can be converted into EMIs by contacting the bank.

  • Is cash withdrawal fee charged in MyBiz Business credit card offered by Axis Bank?

    Yes, 2.5% of the cash amount (i.e., minimum Rs.250) is charged as cash withdrawal fee in MyBiz Business credit card.

  • Is the foreign currency transaction fee charged in MyBiz Business credit card offered by Axis Bank?

    Yes, 3.50% of the transaction value is charged as foreign currency transaction fee in MyBiz Business credit card. 

  • Is the annual fee charged for Axis Bank’s MyBiz Business credit card?

    No, the annual fee is not charged for Axis Bank’s MyBiz Business credit card.

Disclaimer
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.