Axis Bank My Business Credit Card: Features & Benefits

Summary

Today’s competitive environment calls for proper financial resources for a business to operate. Taking this into account, Axis Bank has introduced the ‘Axis Bank My Business Credit Card’ designed especially for small and medium enterprises. The card is aimed at managing your business expenses with many other benefits that will boost the financial strength of your business.

The Axis Bank My Business Credit Card is designed in such a manner that business transactions become easy, secure, and convenient. There are exclusive cashback, reward points, and more benefits that might be useful to your business. Be it buying raw materials, expenses for employees, or other related business costs, this card facilitates easy management of finances.

Introduction

Running any business in today’s competitive business environment requires the right financial resources. With this objective in mind, Axis Bank has designed the ‘Axis Bank My Business Credit Card’ specifically for small and medium businesses (SMEs). Credit Card not only helps in managing business expenses but also provides you with several benefits that strengthen the financial position of your business.

The main objective of Axis Bank Credit Card is to make business transactions easy, secure, and convenient. You get exclusive cashback, reward points, and many other benefits with Axis Bank My Business Credit Card that may prove beneficial for your business. Whether it is the purchasing of raw materials in your business or handling employees’ expenses or some other kind of expense in your business, My Business Credit Card manages all those expenses in a better way.

The biggest benefit that Credit Card provides is separating business and personal expenses for your business. The card thus maintains better control of the money flowing in or out of the business.

This article, let us know about My Business Credit Card in detail, and we also know its benefits and how to apply for it. So read this article till the end so that you don’t face any problems later.

What is the Axis Bank My Business Credit Card?

Credit Card is a special credit card designed keeping in mind the financial needs of small and medium businesses (SMEs). My Business Credit Card helps business owners manage their daily business transactions, allowing them to monitor and control their business expenses more efficiently.

The primary motive for Axis Bank’s My Business Credit Card is to make business expenses easy, convenient, and secure. With these facilities, merchants can manage their working capital better and acquire credit when needed. Axis Bank’s My Business Credit Card makes business expenses easy and offers many benefits that can benefit your business.

How is the design of the My Business Credit Card?

The card is designed keeping the convenience of the user in mind. It includes the name of the cardholder, card number, and dates of validity, all printed very clearly. It is an aesthetically functional card, ideal for business professionals who seek a combination of style and utility.

What are the benefits of the Axis Bank My Business Credit Card?

The following are the benefits it offers:

1. Reward Points: Reward points are issued on each spend for travel, shopping, or cashback. For example, you might get 2 reward points for every ₹200 spent.

2. Fuel Surcharge Waiver: Fuel surcharge waiver at fuel stations across India helps in reducing the cost of business travel.

3. Expense Management: Detailed statements help you track business expenses easily, which prevents inefficient financial management.

4. Business Discount: Special discounts on all business services such as travel bookings, office supplies, etc are also provided to save money on operational costs.

5. Greater Credit Limit: Higher credit limits allow for bigger transactions of the business, and that allows more maneuver room on the financial side.

6. Free Insurance Cover: Free insurance cover, including air accident cover, and protection against card misuse gives peace of mind.

What are the fees for the Axis Bank My Business Credit Card?

Here is a simple breakup of the Axis Bank Credit Card fees.

Joining Fee	₹999 + GST (one-time fee when you get the card).
Annual Fee	₹4,99 = GST per year. This will be waived if you spend ₹1,00,000 or more in a year.
Add-on Card Fee	No charges for additional cards for family members.
Finance Charges	3.5% per month (42% annually) on the outstanding balance if you don’t pay your bill in full.
Cash Advance Fee	2.5% of the amount withdrawn or ₹500, whichever is higher.
Late Payment Fee	For Statement Balance Less than Rs. 101 – NilRs. 101 – Rs. 500 – Rs. 150Rs. 501 – Rs. 5,000 – Rs. 500Rs. 5,001 – Rs. 20,000 – Rs. 750Rs. 20,000 & above – Rs. 1,000

What are the criteria for getting an Axis Bank My Business Credit Card?

The following are the primary requirements:

1. To apply for the My Business Credit Card, you must be between 18 and 70 years old.

2. The income requirement differs according to your employment status:

• Self-Employed Professionals: A minimum Annual income of Rs.5 lakhs usually does the job.

3. A secured income ensures regular timely payments on the credit card bill. Any amount above it ensures that it increases the approval probability.

4. Your credit score plays a role in the selection process. It is a tendency for Axis Bank to favor borrowers with a better credit score usually above 750.

5. You must be an Indian resident and have valid address proof within the country.

6. A salaried person must be employed with a reputed company or organization. The bank can ask you for documents like your salary slip or employment letter.

7. A Self-employed person must have business experience in the past years, generally 2+ years. You must show the bank proof of good consistent income. This may be your income tax returns and bank statements.

What documents are required to get an Axis Bank My Business Credit Card?

The documents that you will have to submit to get an My Business Credit Card are as below:

Identity Proof	Aadhaar card, Passport, Voter ID, Driving license, PAN card
Address Proof	Salary slip for the last 3 months if you are a salaried employee bank statement for the last 3 monthsITR for self-employed persons
Income Proof	Salary slip for the last 3 months if you are a salaried employee bank statement for the last 3 months for self-employed persons
Photograph	The latest passport-sized photograph

Where can the Axis Bank My Business Credit Card be used?

Here is the list of places where you can use it:

• With the Axis Bank Credit Card, you can shop for clothing, electronics, accessories, and more at almost every retail outlet, shopping mall, and e-shopping website.

• You can also use it on websites like Amazon, Flipkart, etc., and also make bookings on websites like MakeMyTrip, Yatra, etc.

• You can use the card to pay for your meals in restaurants, cafes, and fast food outlets.

• You can use it to book flight, train, or bus tickets, as well as to pay for taxi, Uber, Ola, or hotel bookings.

• You can use your credit card to pay electricity and water bills, mobile bills, and internet services.

• Credit Card is also accepted in other countries, where you can make purchases and payments. It is also accepted wherever Visa is accepted.

What is the credit limit of the Axis Bank Credit Card?

The credit amount you can spend is what you are provided with an Axis Bank Credit Card. It is based on your income, credit score, and other financial history when you are selected for this credit card by the bank.

For instance, if you have a credit limit of ₹50,000, you can spend up to that amount only. If you want to spend more than the limit, the bank will not consider it.

The actual credit limit varies with the person. A credit limit could be ₹30,000 for someone and ₹1,00,000 for another or even more, considering his/her profile and financial background.

How do you apply for an Axis Bank My Business Credit Card?

Apply it through both these modes: 

Online Application Process:

• Visit the official website of the Axis Bank, i.e. 

• Go to ‘Cards’, followed by ‘Credit Cards’.

• On that page, you can see numerous options for credit cards issued by Axis Bank; for instance, you can choose the  Axis Bank My Business Credit Card.

• Just hover your cursor on the  Axis Bank My Business Credit Card, followed by selecting ‘Apply Now‘ from there.

• You will be asked to fill out your details including your name, contact information, income details, and employment status.

• Be accurate and updated with the information provided.

• You are required to upload documents like your identity proof, address proof, income proof, and photograph, as per the list of documents mentioned above.

• After filling out the details and uploading the documents, review your application to make sure everything is correct.

• Apply online through the application form.

• The bank will check your application after submitting it. They can ask for extra documents or information if required.

• You will be informed about the status of your application, and if approved, your card will be delivered to you.

Offline Application Process:

• Request for the credit card application form of the  Axis Bank My Business Credit Card. They will provide you with the form and proceed accordingly.

• You can walk into the nearest Axis Bank branch to apply for the  Axis Bank My Business Credit Card.

• Fill the details in the application form wherever it is required. Care should be taken that all the information about personal details, income, and jobs provided by the applicant should be correct.

• Along with the form, furnish the relevant documents. The list of documents includes Identity proof, Address proof, Proof of income, and pas hotograph.

• Your application will be processed, and your information will be cross-checked at the bank level.

• In case of successful completion, the bank will sanction the credit card with a reply and forward it to the registered address.

• You will receive the  Axis Bank My Business Credit Card by post at the same postal address.

• Once you receive your card, you need to activate it by following the instructions given in the envelope, either through the Axis Bank Card website, or mobile app or by calling their customer service.

• You must set your PIN (Personal Identification Number) for security purposes before you can start using your credit card.

Would getting an Axis Bank My Business Credit Card in 2025 be right?

Yes, getting an Axis Bank My Business Credit Card in 2025 can be a good option if you require a credit card with great offers, especially for those who shop for lifestyle products. The reward is excellent and comes with the purchase of items such as jewelry. On top of that, the bank provides discounts and easy access to the EMI facility. 

Axis Bank is also a strong bank with high customer service, so it is dependable. But don’t forget that you should make sure that you can handle your credit responsibly in terms of paying the bills and keeping your credit from exceeding its limit. Provided that you are stable in terms of income and you have good credit, it might be a very good option in 2025.

Conclusion

Axis Bank My Business Credit Card has many benefits such as a higher credit limit, flexibility to keep business and personal expenses separate, reward points, and special discounts, making it a great tool. Additionally, the security features and fuel surcharge waiver associated with Credit Card also allow you to save on business expenses.

Merchants can make their business transactions not only secure and easy but also control their business expenses by using the My Business Credit Card. Moreover, Axis Bank Credit Card is also suitable for growing business and acquiring the necessary credit at any time so that merchants can proceed towards their goals without any obstacles.

Frequently Asked Questions (FAQ’s)\