Introduction
In the contemporary and dynamic world we navigate, credit cards have seamlessly woven into the fabric of our financial landscape. An outstanding exemplar among these is the Axis Bank Atlas Credit Card. Within this exhaustive compendium, we shall delve into the facets, advantages, qualifying criteria, and more encompassing this card. Whether you are a seasoned patron of credit cards or an initiate in this domain, this composition will furnish you with the entirety of knowledge essential regarding the Axis Bank Atlas Credit Card.
Welcome Benifits
- Enjoy Accelerated EDGE Miles on Travel EDGE portal, partner airlines and hotels websites
- Get 5000 EDGE Miles as Welcome Benefit upon first transaction on Atlas credit card (1 EDGE Miles = Rs 1)
- Get complimentary 8 Domestic and 4 International Airport Lounge visits
- Enjoy Tier based rewards based on annual spending
- You Earn Flat Rs 3500 Profit on Successful Card Disbursal
Eligibility Criteria
- Employment status: Salaried or Self-Employed
- Income: 9 Lakhs or above (Form -16 or salary Slip required) for Salaried
- 12 lakhs or above required in case of Self-employed
- Required Age: 21-65 years
- Credit Score: 650+
- New to Credit: Not Allowed
- No Delayed Payments in last 12 months
Fees and Lis of Charges
- Joining Fees: Rs 5000 + GST
- Annual Fees: Rs 5000 + GST
- Interest rate: 3.6% per month
- Cash Withdrawal charges: 2.5% (Min Rs 500)
- Card Replacement charges: Nil
Contents Overview
Delving into Axis Bank’s Atlas Credit Card Insight
- The Axis Bank Atlas Credit Card Deconstructed
Primary attributes and luminous traits
Prerequisites for Eligibility
- Whom does the card’s application extend to?
Necessary credentials for submission
The Process of Application
- Meticulous guide to online card application
Options for manual application
Fruits of Rewards and Benefits
- Rebates and deductions for retail therapy
Perks in travel and bountiful offerings
Incidentals and Charges in the Annual Sphere
- Elucidation of annual levy specifics
Penalties for deferred payments
Rates of Interest
- Commencement rates of interest
Usual rates of interest
Threshold of Credit
- Variables determining credit ceiling
Protocol for soliciting amplification of credit threshold
- Attributes of Security
Integration of EMV microcircuit technology
Aegis of zero-liability safeguards
- Administration of Online Accounts
Configuration of your digital account
Supervising disbursements and dealings
Queries Frequently Posed
- What constitutes the minimum income requisition for the Axis Bank Atlas Credit Card?
- Can substantial purchases be transmuted into equated monthly installments (EMIs)?
- By what means can I redeem my accumulated incentive points?
- Is there a boundary on the quantum of cashback I can accrue?
- What recourse is available if the card faces misplacement or theft?
Exploring Axis Bank’s Atlas Credit Card Insight
Axis Bank’s Atlas Credit Card is a versatile fiscal instrument that caters adeptly to the multifarious requisites of the contemporary consumer. Possessing a plethora of privileges and attributes, this credit card distinguishes itself in the market. Aplenty in its repository are an indulgent rewards initiative, distinctive concessions for shopping, and exclusive travel enticements. This amalgamation renders it a compelling choice for those in search of a comprehensive credit card solution.
Prerequisites for Eligibility
| Eligibility Criteria 1. Primary cardholder between age of 18 years and 70 years 2. Add-on cardholder should be over 18 years 3. Income Criteria:Salaried : Net Annual income of Rs 9 Lakhs and above 4. Self Employed : Net annual income of Rs 12 Lakhs & above Resident of India *The above criteria are only indicative. The bank reserves the right to approve or decline applications for credit card. | Documentation 1. The below documents are required for application: 2. PAN card photocopy or Form 60 3. Latest payslip/ Form 16/IT return copy as proof of income 4. Residence proof (Passport/Driving license/ Electricity Bill/ Landline telephone bill) *The above list is only indicative. Documents required may vary on a case to case basis |
For acquisition of the Axis Bank Atlas Credit Card, adherence to specific prerequisites is obligatory. Primarily, preference is accorded to individuals demonstrating an uninterrupted revenue stream coupled with a commendable credit rating. The establishment also factors in elements such as age and vocational status while assessing submissions.
Fees and Charges
| Charges | Atlas Credit Card |
|---|---|
| Standard Joining Fee | Rs 5000 |
| Standard Annual Fee (2nd year onwards) | Rs 5000 |
| Standard Add-on Card Joining Fee | Nil |
| Standard Add-on Card Annual Fee | Nil |
| Finance Charges (Retail Purchases & Cash) | 3.60% per month (52.86% per annum) |
| Cash Withdrawal Fees | 2.5% (Min. Rs 500) of the Cash Amount |
| Fee for Cash Payment | Rs. 100 |
| Card Replacement | Nil |
| Duplicate Statement Fee | Waived |
| Overdue Penalty or Late Payment Fee | Nil if total payment due is up to Rs. 500 |
| Rs. 500 if total payment due is between Rs. 501 and Rs. 5,000 | |
| Rs. 750 if total payment due is between Rs. 5,001 and Rs.10,000 | |
| Rs. 1,200 if total payment due is greater than Rs 10,000 | |
| Over Limit Penalty | 2.5% of the overlimit amount (Min. Rs 500) |
| Chargeslip Retrieval Fee or Copy Request Fee | Waived |
| Outstation Cheque Fee | Waived |
| Cheque return or dishonor fee or auto-debit reversal | 2% of the payment amount subject to Min. Rs. 450 and Max. Rs. 1,500 |
| Surcharge on purchase or cancellation of Railway Tickets | As prescribed by IRCTC/Indian Railways |
| Fuel Transaction Surcharge | 1% of transaction amount (Refunded for fuel transactions between Rs. 400 and Rs. 4000 Per Statement Cycle) |
| Foreign Currency Transaction Fee | 3.50% of the transaction value |
| Mobile Alerts for Transactions | Waived |
| Hotlisting Charges | Waived |
| Balance Enquiry Charges | Waived |
| Reward Redemption fee | Waived |
| Rent Transaction fee ( Applicable from 5th March 2023) | 1% capped at INR 1,500 per transaction on rental transactions |
| Dynamic Currency Convrsion markup ( Applicable from 5th March 2023) | 1% on International transaction performed in Indian currency at International location or transactions performed in indian currency with merchants located in Indian but registered in foreign nation |
*For all above fees and charges, taxes as per Government norms shall be applicable
Application Procedure
Application for the Axis Bank Atlas Credit Card is executed through an uncomplicated process. Via the bank’s official web portal, the facility for online submission of the application is conveniently available. The application form necessitates the furnishing of individual particulars and fiscal specifics, along with essential corroborative documentation. For those inclined towards a more conventional route, the option of personally submitting the application at a nearby Axis Bank branch is at their disposal.
Gains from Rewards and Benefits
Preeminent among the enticements associated with the Axis Bank Atlas Credit Card is an array of rewards and advantages on offer. Beneficiaries of the card are entitled to rebates spanning diverse domains, encompassing dining, fuel procurement, and virtual shopping excursions. Concomitant with these are exclusive privileges related to travel, spanning access to airport lounges and rebates on airfare bookings and lodging accommodations.
Monetary Disbursements and Levies
Prior to embarking on the pursuit of any credit card, it is imperative to assimilate the concomitant financial charges. The Axis Bank Atlas Credit Card comes with an annual charge, the magnitude of which is contingent on individual spending patterns and credit history. It is advisable to meticulously inspect the structure of charges and weigh them against the attendant benefits.
Rates of Interest
The Axis Bank Atlas Credit Card generally extends an initial period of interest exemption, encompassing the initial few months. Subsequent to the expiration of this introductory span, the standard rate of interest becomes applicable to any outstanding balance. Observance of punctual payment is urged to preclude the accumulation of exorbitant interest liabilities.
Threshold of Credit
The magnitude of credit accessible via the Axis Bank Atlas Credit Card is contingent on multiple variables, inclusive of personal earnings, credit assessment, and antecedent history of reimbursements. A formal entreaty to the bank, fortified with updated fiscal data, constitutes the modus operandi for petitioning augmentation of credit threshold.
Attributes of Safeguarding
Axis Bank accords primacy to the safeguarding of its cardholders. The Atlas Credit Card is augmented with cutting-edge EMV microcircuit technology, conferring augmented security in counteracting fraudulent transactions. Additionally, the card endows beneficiaries with zero-liability protection, thereby securing them from unwarranted financial liabilities arising from unauthorized transactions.
Administration of Digital Accounts
Overseeing the Axis Bank Atlas Credit Card is facilitated through the bank’s online account management interface. Configuration of an online account enables monitoring of transactions, facilitating settlements, and establishment of financial limits. This convenience invariably safeguards adept financial administration.
In Conclusion
The Axis Bank Atlas Credit Card proffers a captivating alternative for individuals in pursuit of a credit card embodying a panoply of perquisites and incentives. Ranging from cashback schemes to the privileges enshrined in travel, this card accords resonance to multifaceted lifestyle requisites. As with any monetary instrument, it is prudent to introspect into one’s idiosyncratic fiscal habits and predilections prior to reaching a decision. For those contemplating a versatile credit card that marries convenience, remuneration, and security, the Axis Bank Atlas Credit Card emerges as a proposition warranting earnest consideration.
Frequently asked Questions
- What is the minimum monetary prerequisite for the Axis Bank Atlas Credit Card?
The prerequisite for minimum earnings is variable, subject to periodic alteration. To access the most current information, consulting the official Axis Bank website is recommended.
- Is it plausible to convert substantial acquisitions into equated monthly installments (EMIs)?
Indeed, the Axis Bank Atlas Credit Card frequently extends the avenue for converting significant transactions into manageable EMIs.
- By what means can the incentive points accrued be redeemed?
The incentive points can be redeemed through the bank’s online portal or its customer service hotline. Choices for redemption span cashback, gift certificates, and more.
- Does a ceiling cap the magnitude of cashback attainable?
The capacity for accumulating cashback is usually aligned with spending propensities and card-specific stipulations. Scrutiny of these details is advised.
- What recourse exists in the event of card misplacement or theft?
In the eventuality of card misplacement or theft, immediate contact with Axis Bank’s customer service is essential. Swift reporting will deter unauthorized exploitation, securing the account.
