What are the online application credit card charges?

In the digital age, applying for a credit card online has become a simple and convenient process. However, as with any financial product, understanding the associated costs is essential. This blog aims to shed light on credit card charges that can accompany the decision to apply for a credit card online, helping you to navigate this landscape with informed clarity.

The Online Credit Card Application Process

Now you can apply for credit card online with a simple process, typically involving filling out an application form on the bank’s website, submitting necessary documents, and waiting for approval. While the ease and speed of online applications are appealing, it’s important to be aware of the various credit card charges that might apply.

Common Credit Card Charges

When you apply for a credit card online, several types of charges can apply, both during the application process and throughout the life of the card. Understanding these charges is key to managing your credit card effectively.

  1. Application Fees

Some credit cards may come with an application fee. This is a charge for processing your application and is generally non-refundable, regardless of whether your application is successful.

  1. Annual Fees

Many credit cards charge an annual fee, which is a yearly charge for the use of the card. These fees can vary widely based on the type of card and the benefits it offers.

  1. Interest Charges

One of the most significant costs associated with a credit card is the interest charge. If you don’t pay off your full balance each month, you will be charged interest on the remaining amount. The interest rate can vary depending on the card and your creditworthiness.

  1. Late Payment Fees

If you fail to make your minimum payment by the due date, you will incur a late payment fee. This can be a significant charge, and repeated late payments can also affect your credit score.

  1. Overlimit Fees

If you exceed your credit limit, you may be charged an overlimit fee. Keeping track of your spending is crucial to avoid these fees.

  1. Cash Advance Fees

Using your credit card to withdraw cash often incurs a cash advance fee. Additionally, interest on cash advances is usually higher and accrues immediately.

  1. Balance Transfer Fees

If you transfer a balance from one card to another, you may be charged a balance transfer fee. This is typically a percentage of the amount transferred.

  1. Foreign Transaction Fees

Using your credit card for transactions in foreign currencies can attract foreign transaction fees, usually a percentage of the amount of each transaction.

Zero Processing fee Airtel Axis Bank Credit Card

The Airtel Axis Bank credit card from Airtel Finance has zero processing fee. You can apply for the Airtel Finance credit card on the Airtel Thanks app.

How to Apply for Airtel Axis Bank Credit Card on the Thanks App?

  • Install the Airtel Thanks app.
  • Go to the ‘Financial Services’ section.
  • Tap on ‘Apply Now’ when you see the Airtel Axis Bank Credit Card banner.
  • Follow the instructions on the screen.
  • After all the fulfilment, your credit card will be delivered within 2-7 business days, post-approval.
  • You can also apply for it on the Airtel website.

Tips for Avoiding or Minimising Credit Card Charges

  1. Read the Terms and Conditions

Before applying for a credit card online, thoroughly read the terms and conditions. This will help you understand all the potential charges associated with the card.

  1. Choose the Right Card

Select a credit card that suits your spending habits and needs. For instance, if you plan to pay off your balance in full each month, a card with no annual fee but a higher interest rate might be suitable.

  1. Pay Your Balance in Full

To avoid interest charges, aim to pay your credit card balance in full each month.

  1. Be Aware of the Billing Cycle

Understanding your credit card’s billing cycle can help you plan purchases and payments to avoid late fees and interest charges.

  1. Monitor Your Spending

Regularly check your credit card statement and keep track of your spending to avoid going over your limit.


Applying for a credit card online is a convenient way to access credit, but it comes with various charges that can add up if not managed carefully. By being aware of these charges and understanding how to avoid or minimise them, you can enjoy the benefits of your credit card without unnecessary costs. Remember, the key to effective credit card management is informed decision-making and responsible usage.