What are the costs associated with carrying a balance on the card?
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Yes, finance charges or interest charges are applicable to the Axis Bank Atlas Credit Card. These charges accrue on any outstanding balance that is not paid in full by the due date. The interest rate is typically quite high and is calculated on a daily basis. Avoid incurring finance charges by paying your credit card bill in full and on time every month. The specific interest rate applicable to your card is mentioned in the card’s terms and conditions and on your monthly statements.
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Yes, Axis Atlas Credit card bank have interest and finance charges
Finance Charges- 3.75% per month
| Late Payment Charges | |
|---|---|
| For Statement Balance: | |
| Less than Rs. 500 | Nil |
| From Rs. 501 to Rs. 5,000 | Rs. 500 |
| From Rs. 5,001 to Rs. 10,000 | Rs. 750 |
| Greater than Rs. 10,000 | Rs. 1,200 |