By Uday Devgan
Updated On August 2, 2022

Axis Bank MY Business Credit Card is a business card offered by Axis Bank offering benefits to run the business smoothly and make transactions hassle-free. The card comes with a small annual fee, making it a good option for small businesses. It offers benefits across categories like travel, and fuel, and offers reward points for every business transaction done with the MY Business Card. You get complimentary airport lounge access to make your business travel full of comfort and also another benefit like a fuel surcharge waiver is also provided with the card. Moreover, with the MY Business card you can automatically pay your utility bills like telephone, electricity, and much more. You can convert any transaction into easy EMI and pay it in parts as per your convenience. To get more details about the card, keep reading the following review:

(4.5/5)

Best Suited For

Movies | Fuel | Shopping |

Joining Fee

Rs. 999 (plus applicable taxes)

Reward Type

Reward Points |

Product Details

  • Get 4 Reward Points for every Rs. 200 spent.
  • 100 points on first transactions.
  • Double reward points in your birthday month.
  • 1% Fuel Surcharge Waiver on all fuel transactions.
  • Complimentary Airport Lounges within India.
  • Withdraw Cash up to 30% of the credit limit.
  • Pay bills automatically.
  • Convert all your purchases into EMIs.

Rewards and Benefits

Welcome Benefits

NA

Movie & Dining

NA

Rewards Rate

4 Reward Points for every Rs. 200 spent.

Reward Redemption

Redeem Reward points on exclusive reward redemption catalogue on EDGE Loyalty Rewards.

Travel

Complimentary Airport Lounges within India.

Golf

NA

Domestic Lounge Access

2 Complimentary Airport Lounges within India every quarter.

International Lounge Access

NA

Insurance Benefits

NA

Zero Liability Protection

The cardholder won’t be liable for any fraudulent transactions made on a lost card if the loss is reported to the bank in a timely manner.

Fees & Charges

Joining Fee

Rs. 999 (plus applicable taxes)

Renewal Fee

Rs. 499 (plus applicable taxes)

Spend based Waiver

NA

Rewards Redemption Fee

Nil

Rewards Redemption Fee

Nil

Foreign Currency Markup

3.5% of the transaction value

Interest Rates

3.25% p.m. (46.78% p.a.)

Fuel Surcharge

1% fuel surcharge waiver for fuel transactions between Rs. 400 and Rs. 4000.

Cash Advance Charge

2.5% of the amount withdrawn or Rs. 250 (whichever is higher).

Add-on Card Fee

Nil

Axis Bank MY Business Credit Card Features and Benefits

Axis Bank MY Business Credit Card comes with benefits in different categories, including travel, Rewards, and Fuel. Following are the detailed features and benefits of the Axis Bank MY Business Credit Card:

Travel benefits

With Axis Bank MY Business Credit Card, you get 2 Complimentary Airport Lounges within India every quarter. This means that you have 8 complimentary access annually.

Easy EMI

Covert any transaction above Rs. 2,500 into EMI and enjoy a minimal interest rate of up to 2%. To calculate your EMI option with Axis Bank MY Business Credit Card, click here.

Fuel Surcharge Waiver

The cardholders can get a 1% Fuel surcharge waiver for fuel purchases made with Axis Bank MY Business Credit Card. The waiver is applicable only on fuel transactions between Rs. 400 and Rs. 4,000 and the maximum refund amount is capped at Rs. 400 per statement cycle.

Axis Bank MY Business Credit Card Reward Points

Get 4 Reward Points for every Rs. 200 spent with Axis Bank MY Business Credit Card.

Reward Redemption

  • The accumulated EDGE REWARD points can be redeemed against purchasing vouchers, mobile & accessories, home & decor, and many more exciting offers, via the Edge Rewards portal.
  • 1 Edge Reward Point = Re. 0.20
  • You can convert also your edge points against InterMiles and Club Vistara points.

Axis Bank MY Business Credit Card Fees & Charges

  • Joining Fee: Axis Bank charges Rs. 999 (plus applicable taxes) as the joining fees for the Axis Bank MY Business Credit Card.
  • Annual Fee: Axis Bank charges an annual fee of Rs. 499 (plus applicable taxes) for Axis Bank MY Business Credit Card from the 2nd year onwards.
  • Finance Charges: 3.25% per month (46.78% per annum) is applicable on the due amount on the card if the cardholder is unable to clear all the dues by the payment due date.
  • Forex Mark-up Fee: A foreign currency mark-up fee of 3.5% (plus applicable taxes) of the transaction amount is applicable on all foreign currency transactions made with Axis Bank MY Business Credit Card.
  • Cash Advance Charges: A charge of 2.5% of the amount withdrawn or flat Rs. 250 (whichever is higher) is applicable on the cash advance transactions made on Axis Bank MY Business Credit Card.

Axis Bank MY Business Credit Card Eligibility Criteria

The eligibility criteria that need to be fulfilled by the applicants to get approved for the Axis Bank MY Business Credit Card are as mentioned below:

  • The minimum eligible age for this credit card is 21 years.
  • The applicant should have a stable source of income.
  • The applicant’s credit score and their business credit score might also be considered important factors.

How To Apply For The Axis Bank MY Business Credit Card?

You can apply for the Axis Bank MY Business Credit Card online as well as offline at your convenience. To apply offline, just visit your nearest Axis Bank branch with all the required documents and apply for it by filling out the physical application form. You can also apply online easily by following the below-mentioned steps:

  • Visit Axis Bank’s official website.
  • Under the section ‘Explore Products,’ click on ‘Cards’ and then on Commercial Credit Cards.
  • Select the Axis Bank MY Business Credit Card.
  • Click on Explore more and proceed further accordingly.

Conclusion

Axis Bank MY Business Credit Card is a good option if you want an entry-level credit card for your business. The card offers basic benefits in travel like complimentary lounge access and for fuel, such as a fuel surcharge waiver. It provides businesses to pay the utility automatically and also to convert transactions into EMIs. Apart from that, the card also offers reward points for every business transaction. Therefore, if you are looking for a basic card with a nominal fee, then the MY Business is a great option. Do check out other cards in the same range like HDFC Corporate Platinum Credit Card, and HDFC Business Moneyback Credit Card, and then make your decision. That’s all about the MY Business card by Axis Bank. Drop your views on the card, in the comment section below.

FAQs:

No, you can not take forward the unused airport lounge access to the next quarter.

In your birthday month, you get double rewards on every transaction done with the MY Business credit card.

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