Interest rates to fees: Axis Bank credit card rule changes start Friday

Quick Summary:

Axis Bank will impose a 1 per cent fee on transactions of Rs 10,000 or more made on online skill-based gaming platforms during a statement period.

The finance/interest charges on credit cards will be revised to an interest rate of 3.75 per cent per month, up from the current rate of 3.6 per cent.

Axis Bank recently announced revisions in terms and conditions for its credit cards.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Interest Rate Change Axis Bank credit card rule Banking News Interest rates to fees Finance Fees Credit Card Update Axis Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 14:54:10 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 612 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24546856

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