Airtel Axis Bank Credit Card Interest Rates

The following formula is applied to calculate the Airtel Axis Bank Credit Card interest:

(Total Outstanding amount x Interest rate x 12 months x number of days / 365 days) = Interest amount

The average Airtel Axis Bank Credit Card interest rate ranges between 3.4% to 3.6% per month.

You must get in touch with the Airtel Axis Bank Credit Card representative to find out the interest rate on your credit card.

Your credit score, payment history, your relationship with the bank, existing due amount, and other factors can affect your Airtel Axis Bank Credit Card interest rate.

You can negotiate a lower interest rate on your credit card by keeping a good credit history and credit score.

A promotional interest rate is a temporary interest rate that is typically lower than the regular or standard rate. Financial institutions such as banks and credit card companies often offer promotional interest rates to attract new customers or to encourage existing customers to utilize a particular product or service.

Promotional interest rates can vary widely in their duration, depending on the specific offer and the financial institution providing it. The promotional period might last anywhere from a few months to several years. Common durations include:

• 6-12 months


• 3 months


• 18-24 months

If you miss a credit card payment with Axis Bank or any other financial institution, several things can happen, and the consequences can vary depending on the specific terms and conditions of your credit card agreement. A late fee or a penalty fee will be charged.

Your credit score can affect the interest rate charged by the bank on your Airtel Axis Bank Credit Card. A good score can help you negotiate a lower interest rate.

Making only the minimum payment on your Airtel Axis Bank Credit Card (or any other credit card) means you’re paying the smallest amount required to keep the account in good standing. It has the following consequences:

• Interest accumulates


• Longer repayment period


• Impact on credit utilization ratio

The Annual Percentage Rate (APR) and the interest rate are terms used to describe the cost of borrowing, and while they are related, they represent different things. The interest rate typically refers to the rate charged on purchases, balance transfers, or cash advances. It’s the basic rate at which interest accrues on the unpaid balance. Whereas the APR represents the total cost of borrowing on an annual basis, including the interest rate and any additional fees or costs associated with the credit card. It doesn’t include any other costs or fees associated with the credit card.

You need to get in touch with an Airtel Axis Bank Credit Card representative to get more clarity on the subject.

The bank’s policy and borrower’s credit history will determine the interest rate for an Airtel Axis Bank Credit Card.

You should pay the bill before or on the due date to avoid interest on your Airtel Axis Bank Credit Card.

Get in touch with the Axis Bank representative to get more clarity on this topic.