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Credit cards are a powerful financial tool. Understanding APR can help you to manage and use your credit card more responsibly. To learn about what is the annual percentage rate for credit cards, read on.

What is Credit Card APR?

While some credit cards are cheaper to maintain, some are more expensive. How to make out the difference between the two? Just check the APR! If you don’t pay your monthly bills, an outstanding balance starts to accumulate. Now, the annual percentage rate means the interest you pay on your outstanding balance at the end of each billing cycle along with other annual charges. Check your chosen card’s APR beforehand to understand the cost of using your card. 

Types of Credit Card APR

Now that you have understood what APR is in credit cards, learn about the different types of APR that issuers charge.

Introductory APR

This is a particular sort of interest rate that only applies for the first three to six months. It is meant to attract you, but you should be aware that such low rates do not last forever. In most cases, 0% introductory APR is applicable only for balance transfers for the first few months.

Purchase APR

As its name suggests, the purchase APR on a credit card applies when you purchase a product or use a service. Under this type of APR, the charges you have to pay as interest depends on your spending.

Cash Advance APR

Some cards allow you to withdraw cash from an ATM, for which they charge you a transaction fee and interest rate. Hence, the cash advance APR refers to the interest rate applicable to such transactions. Note that a cash advance APR is generally higher than a purchase APR.

Penalty APR

Issuers also charge a penalty APR when you miss a payment or default on your dues. You must avoid this APR as it is high and negatively impacts your credit score.

Balance Transfer APR

A balance transfer APR applies when you transfer the outstanding balance from one credit card to another. This type of APR is generally lower than the purchase APR applicable on the first card.

How to Get a Lower APR from a Credit Card Company?

Having a lower APR rate on credit cards significantly reduces the interest due on unpaid balances and your maintenance fees, too. It helps you manage your finances more effectively. Follow these tips to get a lower APR on your credit card.

• Increase Your Credit Score

A higher score positions you as a low-risk borrower. Hence, you may get a lower APR on credit cards from issuers when you have a high credit score.

• Negotiate with the Issuer

As a loyal and responsible customer, you can reach out and negotiate for a lower APR. Banks are usually willing to lower the rates to keep you on as a customer.

How to Pay Less APR on Your Card

• Make Full and Timely Payments

Failing to make timely bill payments or defaulting on your credit card dues means that a penalty APR kicks in. This is much higher than other types of APRs. Thus, pay your credit card bill in full to avoid high-interest charges.

• Reduce Existing Debts

Decreasing your outstanding balance also helps in reducing the APR. Hence, ensure you pay more than the minimum balance in each billing cycle.

A credit card offers quick and easy access to funds. This is why it remains an attractive financial product. However, APR on credit cards can be as high as 50% p.a. So, plan your expenses and avoid any outstanding balance so the APR doesn’t apply. 

To maximise your benefits, apply for the Fibe Axis Bank Credit Card. From cashback to discounts on dining, this numberless credit card offers many benefits and links to your UPI ID for greater safety. To get it now, apply on the Fibe App or register on our website.

FAQs on Credit Card APR

How can I lower the APR on my credit card?

There are various strategies you can employ to lower your credit card APR. For instance, you can reduce your existing debt by making timely repayments to improve your credit score. You can negotiate for a lower APR with the credit card issuer based on a higher credit score.

Can you adjust the APR on a credit card?

No, you can’t adjust the APR on credit cards. However, you can negotiate with the issuer for a reduced APR.

What is a good APR for a credit card?

A good annual percentage rate means when the rates are in the low teens or below on a credit card.

How do I get out of a high APR credit card?

If your credit card APR is high, you can opt for another credit card allowing a balance transfer with a lower APR. In this way, you can save significantly on the dues applicable to your outstanding balance.

To help you easily track your credit card application status, card issuers offer many simple and quick options. You can complete credit card tracking online or offline, and get an update using a mode that is convenient.

When you track your credit card (CC) application, your card provider will request a few details, such as: 

• Application or reference number
• Registered mobile number
• Date of birth

By providing this information, you can instantly get an update on your credit card application status. Make sure you give this information only to authorized person to keep your data safe. To know more and how to track credit card status online and offline, read on.

What Does Your Credit Card Application Status Mean?

Issuers take multiple steps to process your credit card application. Since there are multiple stages, there are multiple statuses and understanding these is crucial. Here are some common CC status updates you may see.

• In/Under Process: The issuer is verifying your documents and application details
• Disapproved: The issuer has rejected your application 
• Dispatched: This issuer has approved your application, and your card is out for delivery
• On-Hold: The issuer is unable to process your application due to incomplete documents; so, you must contact your issuer to provide further information 
• No Records: You might have entered incorrect details in the tracker 

Usually, credit card companies need 10-15 days to process your application. Once you submit your application, you can easily initiate a credit card status check and take the next steps. This could either be contacting the issuer, waiting for your card or applying for another card. 

Steps to Check Your Credit Card Application Status Online

For an easy and quick credit card application status check, visit the issuer’s website. Here are some general steps to track your application online. 

• Step 1: Go to your issuer’s official website
• Step 2: Go to the ‘Track Application’ tab
• Step 3: Enter the required details such as application number, mobile number, PAN, etc.
• Step 4: Click on the submit button
• Step 5: Check the status displayed on the screen

Also Read: Credit Card Eligibility Criteria Online

How to Check the Credit Card Application Status Offline

In case you are wondering how to check my credit card status offline, here are some of the offline methods you can try: 

• Customer Care

You can call your issuer’s customer care number to complete a credit card status check offline. Generally, this number is available on their website. Once you call the number, you can request the representative to check your card status.

The representatives may ask for your application or reference number and other information. Through these details, the lender will analyse your identity and inform you about your CC status. 

• SMS

Some banks also allow you to track credit card application status through the SMS banking facility. To enable this, you need to send an SMS from your registered mobile number. However, ensure you enter the correct SMS format and number code.

Once you send the SMS, your credit card issuers will text you your application status. However, this option may only be available for customers registered for SMS banking. 

• At the Bank Branch

If it’s more comfortable, you can also visit your nearest bank branch to track your credit card application status. At the bank, talk to an executive or ask the help desk about your card. After collecting and processing your details, they will give you the latest update. 

To get a card that maximises your purchasing power, look no further than the Fibe Axis Bank Credit Card. This is India’s first numberless credit card with advanced security features and links straight to your UPI ID.

Use it to enjoy up to 3% cashback on all eligible transactions and other benefits, such as fuel surcharge waivers and domestic airport lounge access. Apply for this card on the Fibe App or our website and turbocharge your finances!

FAQs on Tracking Credit Card Application Status Online

Can I check if I will be approved for a credit card?

Yes. After you have successfully applied, you can track the status through the credit card company’s website. You can also call customer care or visit a branch to know the status of your application. 

How many days will it take to process a credit card application?

The processing time for your credit card application depends on many factors, such as the type of card and the submitted documents. Generally, it takes about 10-15 days, while some credit card companies may take up to 21 days. 

Why is my credit card status showing “In Process”?

If your application status shows ‘In Process’ or ‘Under Process,’ this means that the issuer is reviewing your application. Once your application is reviewed, your status will be updated.

When you use a credit card, the minimum amount due is one of the options that you will see in your card statement. If you are unable to clear your credit card bill in full due to budget restrictions or any other reason, paying the credit card minimum due amount is a smart option.

Read on to learn what the credit card minimum amount due is, how to calculate it, why you should pay it and more. 

What is the minimum amount due on a Credit Card?

When a credit card issuer generates your monthly credit card statement, it includes your total payable amount. You must pay this amount before the due date to avoid penalties and interest charges. 

However, if you cannot pay the total amount due, then you must pay the minimum amount. The minimum due is a fraction of your total outstanding amount. Paying this amount ensures that your credit card remains active. After paying the minimum amount, the unpaid balance gets carried forward to the next billing cycle and attracts interest. 

How is the minimum amount due on a Credit Card calculated? 

Generally, the minimum due amount is 5% of the total billing amount for the cycle. So, you need to pay only a small portion of your dues. However, if you have an outstanding balance from the previous billing cycle, then your minimum due on a credit card will be higher.

See the example below to understand this further. Say your issuer generates your credit card statement on the 21st of the month and the due date is the 5th of the following month. If your issuer charges an interest of 5%, here’s how you can calculate your minimum due amount.

Date of Transaction	Transaction type	Remark
9 September	Spent ₹700	No interest or late fees charged
15 September	Spent ₹1800	No interest or late fees charged
19 September	Spent ₹1000	No interest or late fees charged
21 September		Statement generated for ₹3500 Minimum due amount is ₹175
5 October	Paid ₹175	Minimum amount paidOutstanding ₹3325 will incur interest at 5%, which is ₹166.25
9 October	Spent ₹1500	Interest at a 5% rate applied, which is ₹75
21 October	To pay: ₹166.25 + ₹75 = ₹241.25	Total interest for the next statement
21 October	Due: ₹3325 + ₹1500 + ₹241.25 = ₹5066.25	Statement generated for ₹5066.25Minimum due amount is ₹253.31

Note that this is a simplified calculation, as you may have to pay other charges in your total credit card bill, which can increase your billing amount. 

Also Read: How To Check Credit Card Balance

Like many others, you too may wonder, “What if I pay minimum amount on credit card dues each month?” After reviewing the above calculations, you can see that when you pay only the minimum amount, you will have to pay a higher minimum due amount in the following cycle. Your outstanding balance also remains unpaid. 

Pros of paying the minimum payment due on a Credit Card

By addressing your credit card’s minimum amount due, you can avail some financial benefits, as listed below: 

• Allows you to pay your bill when you are low on funds 
• Keeps your credit card active
• Helps avoid late payment charges 
• Keeps credit card companies from reporting your account as a defaulter

Cons of paying the minimum payment due on a Credit Card

While it can be a helpful option in certain cases, you must also know the drawbacks of paying only the minimum amount on your credit card bill. 

• You may not get an interest-free period 
• You may attract a higher interest on your outstanding balance
• Your credit utilisation ratio will increase 
• Your credit score will be adversely affected if this happens too often

As you can see, simply paying your credit card’s minimum due amount is a good option when you are running short on finances. However, paying only the minimum due on a credit card frequently can negatively affect your creditworthiness and increase your debt over time. 

So, ensure you manage your credit card well and use one that offers a range of money-saving benefits. One such card is the Fibe Axis Bank Credit Card. With zero joining and annual fees and up to 3% cashback on spends, this card helps you easily manage your expenses. Download the Fibe App or register on our website to apply for the card now! 

FAQs on Credit Card Minimum Amount Due

Does paying the minimum amount due affect my credit score?

When you pay only the minimum due on a credit card, your outstanding balance grows, which increases your credit utilisation ratio. When this ratio goes above 30%, it affects your credit score negatively. So, you can hurt your credit score over time if you continue paying only the minimum due amount.

What happens if I pay less than the minimum due on a credit card?

Paying less than the minimum due on a credit card will count as a default. Hence, issuers will charge a late payment fee on the outstanding amount apart from levying interest. 

What if I pay more than the minimum amount due?

By paying more than the minimum you are required to pay on your credit card, you avoid paying a higher interest. In addition, this helps reduce your outstanding balance. Paying more than the minimum due also reduces your credit utilisation ratio, which increases your credit score.

Today, credit card issuers allow you to generate a credit card PIN both online and offline conveniently. The PIN code for a credit card simply refers to the unique identification number that you need to set for your credit card. Whenever you make a transaction, the POS or payment gateway needs you to enter your PIN to complete the transaction. 

Credit card PIN generation is important as it helps verify your identity while executing transactions. This, in turn, safeguards you against fraud. When you enter the PIN, the payment system matches it with your ID before facilitating the transaction. 

Read on to learn how to generate credit card PIN online and offline and more.

Steps to Generate Credit Card PIN Online

Here are the general steps you need to follow for credit card PIN generation online.

Through NetBanking

• Step 1: Log in to your net banking account
• Step 2: Click on the “Credit Card Options” tab
• Step 3: Select the “Change PIN” option
• Step 4: You will get an OTP on your registered mobile number from the bank
• Step 5: Enter the OTP and click on the “Continue” option
• Step 6: Type in your preferred PIN, re-enter the PIN and click on the “Submit” option

Through Mobile Application

• Step 1: Create your account on the issuer’s mobile banking application 
• Step 2: After logging in, navigate to the credit card section
• Step 3: Click on the “Change PIN” or “Generate PIN” option
• Step 4: Enter the OTP that you will get on your registered mobile number
• Step 5: Enter your preferred PIN, re-enter it and click on the “Submit” tab

Steps to Generate Credit Card PIN Offline

Check out the steps you need to follow for offline credit card PIN generation.

Through ATM

• Step 1: Visit the ATM of your credit card issuer and insert the card in the slot
• Step 2: Click on the “Create PIN Using OTP” option
• Step 3: Enter the OTP that you will get on your registered mobile number
• Step 4: Enter a new PIN when you see the “Generate PIN” option 
• Step 5: Re-enter the PIN and click on the “Submit” tab

Also Read: Learn To Use Credit Card Responsibly

Ways to Protect Your Credit Card PIN

Here are some ways in which you can protect your credit card password and reduce the chances of fraud.

Create a Strong PIN and Memorise it

The most important step to protect your credit card PIN is choosing a strong password. Opt for a random alpha-number combination that is difficult to guess. Avoid setting predictable, personal numbers as your credit card PIN, like your birth year. 

Also, do not write the PIN on paper or keep it in an accessible place, such as your wallet. After setting the PIN, it is best to memorise it.

Cover the ATM Keypad When Entering PIN

You should always cover the ATM keypad while entering your PIN at an ATM or making a transaction through the PoS terminal. Ensure that others don’t see your PIN, since fraudsters can memorise your hand movements and guess your PIN. 

Also, check your surroundings when entering the PIN. In case you are suspicious of someone observing or recording you, it is best to cancel the transaction.

Monitor Your Credit Card Account 

Check your credit card account periodically by reading your monthly statement. One thing to look out for is any suspicious activity or unauthorised transactions during your recent credit card billing cycle. In case you notice any discrepancy or theft, inform your credit card issuer at the earliest. 

Change Your PIN Periodically

Another strategy to adopt is to change your credit card PIN regularly. It helps add a layer of security. Try to change the PIN every three to six months. Also, do not save your credit card details on any online portal unless it is absolutely necessary.

As you can see, there are various ways to generate a credit card PIN and keep this code safe. Credit cards offer a great way to get instant access to funds to cover planned or unplanned expenses effectively. To enjoy this benefit and many more, get your hands on the newly launched Fibe Axis Bank Credit Card. 

You can link this numberless credit card with your UPI and make payments hassle-free. You also enjoy other benefits like up to 3% cashback on every transaction, fuel surcharge waivers, dining discounts and much more! Download the Fibe App or register on our website and apply for the card today.

FAQs on Generating Credit Card PIN

Can I change my credit card PIN online?

Yes, you can change the PIN code for a credit card online easily. You can do it through net banking or your issuer’s mobile application.

How do I get a new PIN for my credit card?

You can generate a new PIN for your credit card via online and offline modes conveniently. You can do so online through net banking or the mobile app or offline by visiting an ATM.

Knowing how to block credit cards is crucial. After all, unauthorised transactions can rake up your credit card bill, leading to additional charges if you don’t take any action. This can lead to a financial burden and can negatively impact your creditworthiness. 

Read on to learn how to block credit cards using different methods and some safety tips to boost secure credit card usage. 

How to Block a Credit Card?

This is the first step you must take if you notice any unauthorised transactions or if you lose or misplace your card. Promptly blocking your card helps ensure that your information is protected and you are safe from any fraudulent activities.

You can do this using your bank’s app, website and other methods. You can even contact the issuer to place a request to block your card. Once done, you can ask for a replacement card to continue using your approved credit card limit.

Why Block Credit Cards?

Sometimes, blocking your credit card can save you from trouble or help you stay in control. Here are some situations where it makes sense to block your card:

• You misplaced it and need to prevent unauthorised use 
• You suspect fraud 
• You want to stop impulse spending 

Block Your Credit Card in 5 Ways

To ensure convenience and swift action, credit card issuer generally offer many different ways to help you block it. Here are 5 methods you can choose from.

• Calling Customer Care

You can simply call your credit card issuer’s customer care team and report your concern. After asking you a few questions, they will verify your identity. After that, you can place a request to block your credit card. 

• Logging into Net Banking

Once you sign into your net banking account, you can block your credit card easily in just a few clicks. Under the credit card section, you will find the option for blocking your cards. After submitting the reason and request, the card issuer will block your card.

• Using the Mobile Application

You can also block your card through the issuer’s mobile application. Simply download the app, log in with your credentials and then select the option for blocking the card. Your credit card will get immediately blocked after you give the reason. However, the steps may vary depending on the mobile app. 

• Sending an SMS

Many banks and card providers offer SMS card-blocking services. For this, you need to send an SMS from your registered mobile number in the format mentioned on the issuer’s website. After drafting the text, send it to the issuer’s SMS banking number, which you can find on their website. In some cases, you may even get the numbers on your credit card bill. 

• Visiting Your Nearest Bank Branch 

If you cannot reach your issuer online, you can also visit your nearest bank branch and place the request to block your credit card. You can submit a written request or fill out an application and submit it to the executive, along with the required documents, if any. 

Safety Tips to Protect Your Credit Card

While blocking a credit card ensures no unauthorised transaction takes place, it also stops you from enjoying the card’s benefits. While it is a precautionary step, it’s better to protect yourself with some general safety tips to prevent fraud. Here are a few points you should remember:

• Refrain from saving your credit card information online
• Use only encrypted websites and secure networks to make transactions 
• Avoid sharing your credit card PIN 
• Change your PIN periodically 
• Opt for SMS and email alerts to monitor your transactions 
• Request for e-statements instead of hard copy prints to avoid paper trails
• Report a missing or stolen credit card immediately 
• Use a strong password for all your net banking and mobile banking accounts

With the above information in mind, you can protect your credit card from being misused by scammers. To enjoy top-notch security, opt for the Fibe Axis Bank Credit Card. As India’s first numberless card linked to your UPI ID, this card will help ensure you level up the security of your finances and important information. 

You also get exclusive features and benefits, ranging from cashback to zero annual/joining fees, with this exciting credit card. Download the Fibe App or register on the website to apply now for a personal loan and credit card. 

FAQs on Blocking Credit Cards

Can we block credit cards permanently?

Yes, you can permanently block your card if you suspect it is lost or stolen. Permanently blocking it ensures that the card details cannot be used for any transactions. Once you have permanently blocked your card, your card issuer will give you a new card with a new number. 

What happens if I lose my credit card and someone uses it?

If you have lost your credit card, your liability depends on how quickly you take action. If you report your card within the stipulated time, card issuers will not charge you for any transactions. However, if you fail to report within the given time frame, card issuers may levy charges as per their policy. 

If a credit card is blocked, how to unblock it? 

You can unblock your credit card by contacting your issuer via various online and offline options. You can log in to your net banking account or the issuer’s mobile banking app and request reactivation. You can also visit the bank branch or call customer care to unblock your card offline.

Opting for no-cost EMI on credit cards is a great way to finance big-ticket purchases without making a dent in your savings. Many credit card issuers offer this facility on select products, brands and more. Additionally, you can opt for this payment option on online and offline platforms.

To know the no-cost EMI meaning, how the facility works and its benefits, read on.

What is the no-cost EMI facility?

The facility of no-cost EMI, meaning the option where you can pay for your purchase in instalments without any interest, is quite attractive. When it comes to credit cards, the EMI conversion facility allows you to pay a specific bill in instalments. 

However, an interest charge is usually levied across the tenure and added to the instalments you pay. This interest results in additional costs, over and above the bill value. This is why no-cost EMI is also often referred to as zero-cost EMI or interest-free EMI. 

How does no-cost EMI on Credit Cards work?

Now that you know what is no-cost EMI, you must know how this facility works. Knowing this is important because the facility is not interest-free in its truest sense, as the monthly instalments already include interest charges under this facility.  

One approach that the seller or service provider may use is excluding any discounts on the product or service. The discount is then equated to the applicable interest. For instance, you will get the product at the regular price when you opt for the facility while other customers may get it at a discounted price. 

Another approach is that the merchant may offer an upfront discount to the credit card provider for the interest. So, the credit card provider will charge interest, but you as the customer can access the no-cost EMI facility. 

Also Read: Benefits of Using Credit Cards

RBI’s guidelines on no-cost EMI

In September 2013, the Reserve Bank of India (RBI) issued a circular that said that the No Cost EMI practice “is non-existent.” This is because the interest is bundled in the product’s price itself. 

In addition, to protect customers from unfair lending practices and maintain transparency, it banned the banks from offering 0% interest schemes on retail products for a period of 10 years. 

Benefits and drawbacks of no-cost EMI on Credit Cards   

Like any other financial product, no-cost EMI on credit cards has certain pros and cons. The benefits include the following:

• It is an easy and quick way to finance a big-ticket purchase 
• This facility also allows you to comfortably pay the purchase amount without bearing any additional costs 
• You can choose a flexible tenure depending on your finances
• You can boost your lifestyle without worrying about high upfront costs

Here are some of the disadvantages you may face with no-cost EMIs:

• Some credit card issuers may charge you a fixed processing fee for the facility
• You will have to bear the GST on interest payable, which may be built into your no-cost EMIs
• If you return the product and opt for a refund, you will lose the interest component included in the no-cost EMIs
• If you fail to make timely repayments or pay the instalments, it will negatively impact your credit score 

As you can see, you can use a no-cost EMI card to cover your purchases and ease financial strain. One of the rewarding credit cards that you can choose to access this facility is the Fibe Axis Bank Credit Card. With this card, you can also enjoy exclusive discounts and cashback to make the most of your finances. Download the Fibe App here or log in to our website to apply for it now. 

FAQs on No Cost EMI on Credit Cards

Is no-cost EMI good for credit score?

Yes, opting for no-cost EMI on credit cards can be good for your credit score if you pay the instalments on time. Doing so helps build your repayment track record and your creditworthiness. However, remember that paying on time is crucial.

Is no-cost EMI really interest-free?

Many brands and credit card issuers promote a no-cost EMI Card as a financial product that allows you to purchase a product in instalments without interest charges. However, this is a misnomer because either the EMIs or the cost of the product already include the interest charges, the breakup of which may not be clearly visible to you.   

Can I pay the full amount on no-cost EMI?

Yes, depending on the issuer, you may be able to pay the entire amount in no-cost EMI on credit cards. Once your EMI plan begins, you may also be able to pay the entire loan amount before the EMI tenure ends. However, note that some issuers may levy a prepayment charge.

Can I buy a bike on a no-cost EMI?

Yes, if the company offers this particular facility on your credit card and the bike’s cost is within the credit limit, you can buy it on no-cost EMI.

Can I pay credit card EMI in advance?

Yes, you can pay your credit card EMI in advance to avoid any penalty charges or negative impact on your credit score.

Regularly checking your credit card balance is a healthy financial habit as it indicates the amount you owe your credit card issuer. Regular balance tracking is the key to financial planning because it makes budgeting easier. It also helps you avoid late payment and interest charges as you can plan the payment in advance. 

Read on to understand the meaning of outstanding and previous balance in credit card, why it is important to check and more.

What is a Credit Card Balance?

In simple terms, it is the outstanding balance on your credit card for a given cycle. Issuers generate a bill every month and the total due mentioned on it is the balance you need to pay. Here are some essential points to know:

• It is the total of all debit (payment) and credit (receipt) transactions
• Your outstanding balance increases with every payment
• The balance decreases when there is a credit transaction or if you pay your bill in part or full
• The outstanding balance differs from your card limit, which is the maximum amount you can use 

It includes the following:

• Any purchases, payments and cash advances are also included
• Any refunds or fee reversals are also a part of calculating the due amount
• The interest accrued on previous balances is also added to the balance
•  It also includes charges, such as late payment fees, annual renewal charges as well as cash advance charges

What is the Previous Balance in Credit Card?

The previous balance in a credit card means the dues from the previous billing cycle. In simple terms, it is the amount carried forward from your last billing cycle to your current one. Here are some points to note:

• If you carry over a balance, the issuer will charge interest on that amount
• It is mentioned as the opening balance on your statement since it is the amount due at the start of the billing cycle
• Having a previous balance means you will not have any interest-free period in the subsequent cycle

Why Should You Check Your Credit Card Balance?

Here are some reasons why it is essential to check your card balance:

• To Know Your Outstanding Amount

When you check your credit card details, it will indicate how much you owe your credit card company. This allows you to plan your finances and budget better and you can pay your dues faster. 

• To Check for Fraudulent Activities

If your credit card balance increases when you have not used your card, this could be due to fraudulent activity. You can report such an incident to your issuer and block your card. 

• To Monitor Your Available Balance

Regular credit card limit check allows you to know your available limit. This saves you from overspending and helps avoid payment rejection due to low or insufficient balance. 

Also Read: Benefits of Using Credit Cards

How to Check Credit Card Limit and Balance

Follow these options to check your card balance and limit:

• Monthly Credit Card Statement

Banks and credit card providers generate your credit card bill at the end of every billing cycle. Some financial institutions deliver your credit card to your address, while others may send it through email. With this statement, you can check your outstanding balance, credit card limit and other details. 

• Net Banking

Through this option, you can initiate a quick credit card limit check by logging into your issuer’s net banking portal. Once you log in with your credentials, you can find your balance on the dashboard or under the ‘Account’ section. 

• Mobile Banking

Mobile banking is another popular method to execute easy and fast credit card details checks. Download your issuer’s app and log in with your customer ID and password. 

If you have not registered for a mobile banking facility, you can contact your bank and register. Once registration is complete, you can check your balance, credit card limits, due date and other details anytime from your mobile. 

• Nearest ATM

You can also visit the nearest ATM and check your balance. Just enter your credit card into the machine slot, provide your card PIN and select the option to check the balance. In a few seconds, your balance will be displayed on the screen and you will receive a receipt with the same. 

• Customer Care

Most credit card providers have 24X7 customer care service available. You can call that number and enquire about your card balance and outstanding limit. The representatives will generally ask for some details to verify your identity before disclosing the details.

• Visiting the Branch

You can also go to your issuer’s office and ask the banking executive to provide your card details.

How to Pay Outstanding Balance on Credit Card

Here’s how you can pay off the outstanding balance on your credit card:

Online Methods:

• BillDesk
• Internet banking
• Mobile wallets
• Auto Debit Facility
• Online fund transfers via NEFT, IMPS or RTGS

Offline Methods:

• ATM
• Customer Support Service
• Cheque or Demand Draft
• Over-the-counter

The steps for these modes will depend on the issuer and the payment option you choose. To know the exact process, you can contact the issuer or check the website. That said, online options are generally more straightforward than offline. 

Credit cards are a great option to access instant funds and finance urgent needs. However, you must use them smartly and pay the bills on time to avoid accumulating high debt. You also need to choose the right card that helps you maximise the benefits while keeping the costs low. The Fibe Axis Bank Credit Card is a leading credit card option you can rely on to access without any hassles and hidden charges. 

Apart from benefits like cashback and discounts, it allows you to convert your purchases into convenient EMIs. You can also link it with your UPI and make various types of transactions in seconds. To apply for it and get instant approval, download the Fibe App now. 

FAQs on Credit Card Balance Check

What is the outstanding balance on the credit card?

Outstanding balance, also known as your credit card due amount or balance, is the net payable amount on your credit card bill. It is a total of all the debit and credit transactions, and you must pay it before the due to avoid additional charges and loss of interest-free period. 

What is a credit balance?

Every time you use your credit card, the amount is added to the outstanding balance of your credit card. In simple words, this is the amount you have utilised from your credit card limit. Initiating a credit card details check helps you monitor it with ease.

How to check the credit card balance in an ATM?

Follow these steps to check your balance via an ATM:

• Visit an ATM kiosk nearest to you
• Swipe or insert your card
• Enter your PIN and choose the account balance option
• Check the balance displayed on the screen

When you apply for a credit card with Axis Bank in partnership with Fibe, you can be a part of the new age innovation while enjoying a plethora of benefits. Thanks to fintech advancements, there are many revolutionary changes in the lending industry. Adding to the trend, Fibe and Axis Bank introduced India’s first numberless credit card.

This outstanding product can offer you a wide range of features and many savings options. Designed for the tech-savvy generation, the Fibe Axis Bank Credit Card offers you the services of two of the most trusted financial institutions in India. 

Read on to know what the Fibe Axis Bank Credit Card is, its benefits, features and more. 

One-of-a-Kind RuPay Network Card 

While this credit card offers umpteen exciting discounts and rewards, there’s one feature that sets it apart from the rest. Unlike the standard credit card options available in the market, this credit card does not have the card number on it. 

This is the first time such a card has been available for Indian customers. This revolutionary technology allows an additional layer of security to the credit card holder. The risk of fraudulent activity is reduced without any card number, expiry date or CVV number being mentioned on the credit card.

This card works on the tap-to-pay technology and can link with any UPI ID. So, while maintaining security, it also offers you convenience. 

Also Read: Fibe Axis Bank Credit Card on UPI apps

Features of the Fibe Axis Bank Credit Card

Now that you know the benefits of the Axis Credit Card and why this credit card is unique, here are some other features that make it an outstanding choice: 

• This is a co-branded credit card by Axis Bank in partnership with Fibe, powered by RuPay
• You can make your payment with just a single tap
• It gives you discounts and offers on dining and shopping
• You can track your outstanding credit card balance and limit through the Fibe app 
• You get to enjoy four complimentary domestic airport lounge access annually
• This card can connect to all UPI payment platforms

Benefits You Can Enjoy with the Fibe Axis Bank Credit Card

Check out the additional benefits of this credit card: 

Online Food Delivery Discounts

Get up to 3% cashback for online food delivery across select restaurants in India.

Discount on Booking a Ride

Pay using the Axis Bank Fibe co-branded credit card and get a cashback of up to 3% on your total bill.

Online Ticket Booking

Book your tickets online to get up to 3% discount on your bill. This offer applies to all tickets, including flight tickets, movie tickets and more.

Cashback on Transactions

Get 1% cashback on all your online and offline transactions without hassle.

Fuel Surcharge Waiver

Enjoy a fuel surcharge waiver of up to ₹150 a month.

No Joining and Annual Fees

The Fibe Axis Bank Credit Card does not charge any joining fee for new customers. There are no annual fees levied for existing customers as well.

How to Apply for a Fibe Axis Bank Credit Card?

To apply for the credit card with Axis Bank and Fibe, you can follow these steps:

• Login to your Fibe app
• Check for the card offer
• Confirm your pre-filled details with Fibe
• Verify with the OTP shared to your registered number
• Accept the terms and conditions

With so many benefits and rewards, getting the new Fibe Axis Bank Credit Card can help you get instant funds and manage your finances better. Get it now on the Fibe App.

FAQs on the Fibe Axis Bank Credit Card

What is a Fibe Axis Bank Credit Card?

The Fibe Axis Bank Credit Card Is India’s first numberless credit card that links to your UPI ID and offers many rewards and cashback offers. This card gives you benefits such as fuel surcharge waivers, dining discounts and more. In addition, if you apply for a credit card with Axis Bank and Fibe, your transactions are secure and safe.

What is the Axis Bank Credit Card limit?

The credit limit for Axis Bank credit cards depends on your card type and eligibility. 

Who is eligible to apply for credit cards from Axis Bank?

To apply for a credit card with Axis Bank, here are the essential parameters you must meet:

• Resident of India
• Minimum 18 years of age
• Maximum 70 years of age
• Have a minimum annual income of ₹6 lakhs