Importance Of Checking Your Axis Credit Cards Statement:

Axis Bank is one of the largest private sector banks in the country which has been providing exciting banking services and financial products for many years. It has managed to create a trust and belief among its customers through the value of their services. Axis Bank offers a range of services from home loans, vehicle loans, personal loans, to services like credit cards. Axis Bank credit cards come with the exciting offer, cashback schemes, Flipkart vouchers, AxisEdge Reward points, and many other privileges. Axis bank has a variety of credit cards from which you can choose the perfect one according to your needs. Some of their credit cards are Flipkart Axis Bank Credit Card, Axis bank neo credit card, Axis bank Vistara Credit card, Axis Bank privilege Credit card, Axis Select Credit card, Axis Premium credit card.

Every credit card of Axis Bank has its benefits and special reward points. In this article, we’ll talk about the thing which many people don’t give importance to - Axis Credit Cards Statement. You’ll read about the credit card statement and why it is important to check your Axis Credit Cards Statement every month.

How can you check the Axis Credit Card Statement online?

You don’t need to go to the bank branch to get your Axis Credit Card Statement. Instead, you can check it from anywhere online. The steps to check your monthly axis credit card statement are as follows.

1. Log on the Credit Card section on the Axis Bank.
2. You’ll have to fill the few details which are your credit card number, Cardholder name, Date of Birth, and card validity.
3. After filling these details, you just have to click on the ‘Get Statement’, and you’ll have your credit card statement in a fraction of a second.

What are the common terms in the Axis Credit Card Statement?

Here, we will let you know about the term mentioned on your credit card statement. Below are some prominent ones.

• Statement Period: The period in which you’ve made all the transactions. It depends on your statement cycle and your purchases. By knowing this, you can also your free interest period.
• Due Date: It is the date by which you have to repay the amount. After this date, you’ll be charged with late fees and other charges. Also, it can hamper your credit score if you keep paying after the due date.
• Minimum Due Amount: This amount is 5% of the total outstanding balance in a particular billing cycle of your credit card.
• Total Amount Due: This section on your credit card statement shows the total amount which you have to pay before the due date otherwise you’ll be levied with the late charges.
• Transaction Brief: This shows a summary of all the amounts you paid for all the transactions made by you in the billing cycle. You can get all the details of the shopping made by you in the billing cycle.
• Closing Balance: This balance shows you the due amount on your card at the end of the billing cycle.

It’s very important to check your Axis Credit Card statement carefully at the end of every billing cycle and if there is any inconsistency in it, you should inform the bank about it immediately.