Summary of this article
Axis Bank will raise DCC markup to 3.5 per cent from 1.5.
Late payment fee will rise to Rs 1,300 above Rs 50,000.
Gift cards, tolls and road fees will lose rewards eligibility.
Axis Bank will revise the dynamic currency conversion (DCC) markup on its credit cards from August 28, 2026. The markup will increase to 3.5 per cent from the existing 1.5 per cent.
DCC is a service available at some international card terminals and ATMs that allows customers to pay in their home currency instead of the local currency. The higher markup will apply when this facility is used.
Late Payment Fee To Increase For Higher Dues
The bank will revise its late payment fee for credit card outstanding balances of Rs 50,000 and above, according to a news report by the Economic Times. From August 28, the fee for such outstanding amounts will be Rs 1,300.
The charges for lower outstanding balances will remain unchanged. The late payment fee will be nil for outstanding amounts below Rs 500. It will be Rs 500 for dues between Rs 501 and Rs 5,000, Rs 750 for amounts between Rs 5,001 and Rs 10,000, and Rs 1,200 for outstanding balances between Rs 10,001 and Rs 50,000.
Credit Card Payments To Follow A Set Order
Axis Bank will also specify the order in which payments made towards credit card dues will be adjusted.
Payments will first be adjusted against applicable fees and charges, including taxes. They will then be adjusted towards EMIs, interest charges, purchase transactions and cash advances.
This means the amount paid by a cardholder will be allocated across these outstanding components in the prescribed seque
Gift Card Purchases To Get A Separate Category
Gift card purchases will continue to stay outside the eligible rewards category. Such transactions will not earn reward points or cashback and will not count towards spend-based annual fee waivers or milestone benefits.
However, Axis Bank will reclassify these transactions. Instead of being included under the Wallet category, gift card purchases will be placed under a separate Gift Card spend category.
No Rewards Or Cashback On Certain Fees
From August 28, cardholders will also not earn reward points or cashback on spends made towards bridge fees, road fees and tolls.
The changes will apply from August 28, 2026. Cardholders should check the applicable terms for their specific Axis Bank credit card before making transactions.
