Revision of Charges Applicable on Axis Bank Credit Cards

1. Late Payment Fees

Current Charges New Charges (Rs.)

Total Amount Due (Rs.)
(Rs.) (Applicable from 10/10/20)
1. Less than 100 0 0

2. Between 101 and 300 100 0

3. Between 301 and 500 300 100

4. Between 501 and 1000 300 500

5. Between 1,001 and 5,000 500 750

6. Between 5,001 and 10,000 600 750

7. Between 10,001 and 25,000 700 950

8. Between 25,001 and 50,000 700 1000

9. Greater than 50,000 700 1200

2. Replacement Fee

A Replacement Fee of Rs.100 will be applicable effective 10th October, 2020.

Above changes will be applicable on below cards.

1. Flipkart Axis Bank Credit Card
2. Axis Bank Freecharge Credit Card
3. Axis Bank Freecharge Plus Credit Card
4. LIC Gold Credit Card
5. LIC Platinum Credit Card
6. LIC Signature Credit Card
7. LIC Titanium Credit Card

Late Payment Fee - It is the fee that is charged to the Cardholder if there has been no payment or a
payment less than the Minimum Amount Due is received by the Payment Due Date.

Replacement Fee – It is the fee that is charged to the Cardholder if the credit card needs to be
replaced before card expiry.

Total Amount Due – This is the amount against which your credit card statement is generated. For
avoiding any interest charges, this amount has to be cleared completely before payment due date .
 FAQs

1. Is my Annual/Joining Fee getting revised?

- No, there is no change in Annual/Joining Fee of any product.

2. From when will these charges be applicable?

- These charges would be effective from 10th October, 2020.

3. Will there be any change in charges already levied in my statement?

- No, these charges would only be applicable from 10th October, 2020.

4. How can I avoid these charges?

- These charges are levied in case minimum amount due payment is not made on time.
To avoid these charges –
• Pay your bills on time
• Ensure payment of credit card bill does not bounce due to problem in cheque issued

5. Will I be charged for card renewal on expiry?

- No. You will only be charged for card replacements done before your card expiry. When your current
card is nearing expiry, bank will give you a renewed card without any additional fees.

6. Does this include GST?

- GST, as notified by the Government of India, is applicable on all fees, interest and other charges, and is
subject to change as per relevant regulations of the Government of India. GST will be levied over and
above the charges/fees mentioned in the document.

7. Is fee applicable even on fraud related replacements?

- No, a fee will not be applicable if it is a fraud related replacement.

8. Will this be applicable from statements generated post 10th Oct or outstanding due from 10th Oct?
- These charges would be applicable on outstanding due from 10th October.