Axis Bank Credit Card Cash Withdrawal – Charges, Limit & How It Works

Axis Bank offers a cash withdrawal (cash advance) facility that allows cardholders to withdraw cash using their credit card during emergencies.

This feature is useful when you need instant cash, but it comes with high charges and interest, so it should be used carefully.

What is Credit Card Cash Advance?

Cash advance means withdrawing cash from an ATM using your credit card instead of a debit card.

You can withdraw cash anytime
No approval is required
Available on most Axis Bank credit cards
Limited to a certain cash limit

Axis Bank Credit Card Cash Advance Fee

Axis Bank charges a fee every time you withdraw cash:

2.5% of withdrawal amount
Minimum ₹250 (whichever is higher)

Example:

Withdraw ₹1,000 → Fee = ₹250
Withdraw ₹15,000 → Fee = ₹375

This fee is added to your next credit card bill.

Interest on Cash Withdrawal

Cash withdrawal also attracts interest from day one (no grace period).

Interest rate: 2.5% to 3.35% per month
Annual rate: Around 41% to 46%

Interest keeps increasing until you repay the full amount.

Axis Bank Credit Card Cash Withdrawal Limit

Cash limit is a part of your total credit limit
It varies based on your card type
Some cards may have zero cash limit for the first 180 days

You can check your limit in your card details or statement.

How to Withdraw Cash Using Axis Bank Credit Card

You can withdraw cash from any ATM by following these steps:

Insert your credit card into the ATM
Select language
Choose Cash Withdrawal option
Enter the amount
Enter your credit card PIN
Collect cash

Other Charges on Cash Withdrawal

Here are some additional charges you should know:

Finance Charges: 41% to 46% annually
Over-limit Fee: 3% (minimum ₹500)
Late Payment Fee: Up to ₹1,200
Foreign Transaction Fee: 3.5%
Cash Payment Fee: ₹100 per payment

Benefits of Cash Withdrawal

Instant cash in emergencies
No approval needed
Simple process
Can withdraw in India and abroad

Drawbacks of Cash Withdrawal

No reward points
High interest rates
Charges on every withdrawal
No interest-free period
Can increase debt quickly

Important Tips

Use cash advance only in emergencies
Repay the amount as soon as possible
Avoid frequent withdrawals to reduce charges

Conclusion

Axis Bank credit card cash withdrawal is helpful in emergencies but comes with high fees and interest. It is best to use this facility wisely and repay quickly to avoid extra charges.

Frequently Asked Questions

You can convert Axis EDGE reward points into Club Vistara (CV) points. As of the latest updates, you'll receive 1 CV point for every 5 EDGE reward points. To be eligible for this conversion, you must have active Axis Loyalty Rewards and Club Vistara accounts. Additionally, you need to have a minimum of 300 reward points in your Axis Bank account.

Starting from September 10, 2022, Axis Bank has begun charging a redemption fee for redeeming EDGE reward points for transactions at the Reward Store, RTR Offline, and IOCL. Now, if you redeem between 300 to 10,000 points, you'll be charged Rs. 49 plus GST, and for redeeming more than 10,000 points, the fee will be Rs. 99 plus GST.

On most cards, you need a minimum bill value of Rs. 100 to earn reward points. However, this amount can vary depending on the type of card you have. For some cards, you may need to spend at least Rs. 200 to earn points.

To view your reward points transaction history, access your Axis credit card account through net banking, the mobile app, or the Axis rewards website. Navigate to the "My Points" section and select "My EDGE Transactions" to see all your past transaction details.