Forum

Your credit score is an important factor to consider when applying for a home loan. Home loan lenders can process your home loan with your preferred loan amount and other desirable benefits if you have a great credit score.

Your credit score is a three-digit numerical value that reflects your credibility. It's based on your credit history, which is extracted from details in your credit report like the ‘Accounts' and 'Requests' pages. It normally falls between 300 and 900.

Credit Rating Agencies (CRA) are entities that measure the financial capability of large-scale borrowers, such as businesses or governments.

Since their introduction about a little more than a decade ago, credit rating agencies have provided immense services to the banks and financial institutions in determining the credibility of a borrower. CIBIL™ was the first credit rating agency to establish itself in the early 2000s, followed by other agencies like Equifax, High Mark and Experian. 

Individuals are becoming increasingly dependent on credit. The current economy has made credit essential and attractive for borrowers. Furthermore, there’s also social pressure to own a house or drive a luxurious car that forces individuals to seek credit to fulfil these gratifications. 

Everyone is bound to become a debtor at some point in their life. But there is a difference between ‘good debt’ and ‘bad debt’. Good debts allow you to acquire assets that appreciate in value, like property, houses, land, etc. Bad debts only choke your cash flow and result in a bad credit score. ‘Credit card dues are bad debts’. 

Axis Bank provides multiple channels to pay your Axis Bank credit card dues. Paying your credit card due with SMS is a very easy and convenient option. 

It is not possible to pay your Axis Bank credit card payment using another bank debit card. However, you may use Visa Money Transfer to pay from any Visa Debit Card only. 

It is important to pay your Axis Bank Credit Card dues on time. You can pay using either an Axis Bank account or a non-Axis Bank account using any of the following methods

You can use your Axis Bank debit card to pay your Axis Bank credit card dues. However, using another bank debit card is possible under the Visa Money Transfer (VMT) facility for Visa Debit Cards only. 

In today’s UPI era, it is very convenient to pay your Axis Bank credit card bills using any UPI.  UPI, or Unified Payments Interface, is a real-time payment system in which your bank account is connected to a Virtual Payment Address (VPA), also known as a UPI ID, which can be used to send and receive funds as well as pay bills. The format of a UPI ID is xxxx@upiprovider, where UPI provider is usually your bank.

A Loan against Credit Card is nothing but a pre-approved loan. It requires no documentation and processing and the loan amount is instantly disbursed into your account.

HDFC Bank provides Insta Loans to all HDFC Bank credit card users against their credit limit. Cardholders can avail Insta Loans depending on their eligibility, card type, card limit and credit profile. 

Do you have a Visa Amazon gift card? Are you scratching your head wondering how to use it on your amazon account? Worry not, we’re here to help you out. You can redeem the Visa gift card on Amazon.in to pay for your Amazon purchases. All you have to do is follow the simple steps below.

Customers can log in into their net banking account to convert their Axis Bank credit card bill to EMI after a purchase has been made. There are three ways through which customers can convert their Axis Bank credit card bill into EMI.

You need to use the “credit card balance conversion” feature to convert the outstanding amount on your Citibank credit card bill into easy EMIs. Besides enjoying a lower rate of interest on your credit card bill, you also get rid of service fees while enjoying the luxury of paying small monthly amounts.

The first step is to check if you’re eligible for a credit limit increase. Axis Bank determines your credit limit using several factors like your credit score, income, other ongoing debts, and several other factors. You can use any of the following ways to increase the credit limit available on your Axis bank credit card.

American Express (Amex) allows cardholders to withdraw cash at partnered ATMs. Cash withdrawal is available for all American Express credit cardholders. However, in order to avail this facility, one must enroll himself/herself for the service first.

Credit card cash advance fee is the amount levied on every credit card cash withdrawal. Every time you use your credit card to withdraw cash at an ATM, you will have to pay a certain fee, which will be added to your next month’s billing statement.

Like most other banks in India, Axis bank also charges a cash advance fee on credit card cash withdrawals. This is a transaction charge that the cardholder has to pay every time they withdraw cash using their credit card. This fee charge will be added to their credit card bill in the following statement.

As you would know, you can use your credit card to withdraw money from an ATM. But, the catch here is that the cash withdrawal feature comes with a fee. A transaction fee or a cash advance fee is charged every time you use a credit card to withdraw money. This amount is added to the bill in the next statement.