How to read my Axis Bank credit card statement
Anjali Koul
Asked 20 Apr 2026
I just received my first Axis Bank credit card statement. Can someone explain the key sections — total amount due, minimum due, billing cycle, and grace period?
2 Answers
The 'minimum due' trap is real. Banks love it because they charge ~36-42% interest on the carried-forward amount. If you can't pay the full bill this month, pay at least 50% — anything below that and the interest eats the rewards of the next 6 months.
On the annual fee — most premium cards waive it if you spend ₹1.5L to ₹3L in the previous year. Wallet loads (Paytm, Amazon Pay balance) usually DON'T count. But utilities, fuel, and grocery do. Spend pattern matters more than absolute number.
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