Axis Bank Magnet Loyalty Credit Card Eligibility

Magnet Loyalty Credit Card : Eligibility

* A Cash memo from Magnet Store, amounting to a minimum of Rs. 500

* Age of primary card applicant - Minimum 18 years and Maximum 70 years

Magnet Loyalty Credit Card : Documentation
Documents that need to be submitted for the Magnet Credit Card

* Cash Memo of Amount >Rs. 500

* Identity proof

* Address proof

* PAN card copy or Form 60 Declaration

* Income Documents - Not Mandatory - To be submitted only if you require a higher limit.

Service Charges & Fees

Magnet Credit Card

Standard Joining Fee - Nil

Standard Annual Fee - Nil

Standard Add-on Card Joining Fee - Nil

Standard Add-on Card Annual Fee - Nil

Finance Charges (Retail Purchases & Cash) - 2.95% Per month (41.75% per annum)

Cash Withdrawl Fees - NA

Card Replacement (lost or stolen or re-issue) - Rs 250

Emergency Card Replacement Fee when overseas (through VISA) - NA

Duplicate Statement Fee - Rs 50

Overdue Penalty or Late Payment Fee - 30% of Min. Amt. Due (Min. Rs 250, Max. Rs 500)

Over Limit Penalty - Rs 100

Chargeslip Retrieval Fee or Copy Request Fee - Rs 200

Outstation Cheque Fee - Rs 100

Cheque return or dishonour Fee or Autodebit Reversal Bank A/c out of Funds - Rs 300

Surcharge on purchase or cancellation of Railway Tickets - NA

Petrol Transaction Charge - NA

Foreign Currency Transaction Fee - NA

Mobile Alerts for Transactions - Waived

Hotlisting Charges - Nil

Balance Enquiry Charges - Waived