Axis Bank Credit Card Statement

Tips for Managing Electronic Credit Card Payments

If you would like to receive e-statements, here are a few tips for you:

1. You will get an email stating your credit card statement can be accessible. Once you get an email, do not forget to download it. Save it in a separate folder so you can refer in the future.
2. In lieu of waiting for a monthly statement, check your account once a week.
3. Closely monitor your credit card bills and a keep a track on the payments you have made and the payments that are due.
4. Make sure your contact details are up to date. If you change your email Id, you will not receive an e-statement.
5. The devices through which access e-statements should be secure.

Benefits of E-credit Card Statements at Axis Bank

1. Credit card statements are emailed by Axis Bank at no cost.
2. e-credit card statements can help you track your transactions in a better way.
3. This facility offers greater accessibility.

Terms of Axis Bank Credit Card Statements

1. Total Payment Due
2. Minimum Payment Due
3. Statement Period
4. Payment Due Date
5. Statement Generation Date
6. Credit Card Number
7. Credit Limit
8. Available Credit Limit
9. Available Cash Limit
10. Previous balance
11. Payments
12. Credits
13. Purchase
14. Cash Advances
15. Other Debit and Charges
16. Total Payment Due

Common terms of Axis Bank Credit Card Statements

1. The statement period is usually found on the right-hand side of your credit card statement. If you understand the credit card statement, you can make use of interest-free days of your credit card. The precise number of interest-free days depends on the cycle of your statement when a purchase is made by you.
2. The payment due date is the due date for remitting at least the minimum dues. Any payments made after the payment due date will attract a late payment fees. Late payments will also harm your credibility. If your credit score is poor, be sure to improve it.
3. All credit cards users are required to remit the minimum due amount every month. It is computed based on the total due amount. The minimum repayment is normally 2-3% of your total dues. If you remit less than the minimum due amount, you may also be fined.
4. The overdue section of your credit card statement will tell you the total due amount till date. Like mentioned earlier, late payments shall overburden you financial obligations.
5. The closing balance of your credit card is the total amount of due. It turns negative when you remit more than your debt obligations. The closing balance should be minimal.
6. The transaction summary is an important section of your credit card statements. This section summarises the total amount of transactions you have made within a billing cycle. You can cross verify your purchases or other transactions on this section.

Requesting an Axis Bank Credit Card Online

Credit card customers of Axis Bank can obtain a credit card statement online. The process is simple. It takes a few minutes to process a request. You just have to furnish credit card details such as the date of birth, the validity of a credit card, a credit card number and the name of a credit cardholder. The information you have provided should be checked for completeness and accuracy. Once you authenticate your details, the request can be processed.

How to Rectify a Billing Error in Your Credit Card Statement

Your credit card statement may sometimes contain an error. So, be advised to read the document carefully to ensure they are error-free. There could be minute errors such as a double swipe of your credit card. If you find an error, it should be rectified. The following are a few steps to fix errors in your credit card statements:

1. Speak to merchants if you find an error with the credit card statement and the purchase receipt. Merchants may fix errors. If they do not fix errors, carry your complaint to the next level.
2. Read your credit card statements carefully, especially the billing address, the date of purchase, the date of earlier payments, the billing amount and merchant details.
3. Write a complaint letter to your creditor within 60 days of obtaining the credit card statement in question. The letter should be sent through an authenticated email.
4. Your creditor has to respond within 30 days from the date of the complaint registration. Complaint ought to be resolved within two billing cycles.

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