Axis Bank has announced a series of changes to its credit card terms and conditions, which will come into force on 28 August 2026, affecting charges on certain international transactions, late payment fees, reward benefits and the adjustment of partial payments.
One of the most significant changes concerns Dynamic Currency Conversion, or DCC, which may affect customers travelling abroad or making purchases from international merchants. The DCC markup will rise from 1.5% to 3.5%, with applicable taxes charged additionally.
DCC is a payment option that allows cardholders to pay in Indian rupees instead of the local currency when making a purchase at an overseas point of sale or through an international online merchant. The higher markup means customers who use this option could incur higher charges under the revised rules.
Axis Bank is also revising its late payment fee for customers with larger outstanding balances. The late fee for balances exceeding ₹50,000 will increase to ₹1,300.
The other late payment slabs will remain unchanged. Outstanding amounts below ₹500 will continue to attract no late payment fee. Balances between ₹501 and ₹5,000 will carry a ₹500 fee, while those between ₹5,001 and ₹10,000 will attract a ₹750 charge. Customers with outstanding amounts ranging from ₹10,001 to ₹50,000 will continue to face a late payment fee of ₹1,200.
The bank has also formalised the order in which partial payments made by cardholders will be adjusted against their outstanding dues. Payments will first be applied towards applicable fees, charges and taxes, followed by equated monthly instalments, or EMIs, interest charges, general purchase transactions and, finally, cash advances.
The change is particularly relevant for customers who do not clear their entire outstanding balance, as cash advances generally carry higher interest rates and their principal will be settled last under the prescribed payment adjustment order.
There are also changes to the way certain transactions qualify for rewards. Cardholders will no longer earn reward points or cashback on tolls, road fees and bridge charges. Gift card purchases, meanwhile, are being moved out of the 'Wallet' category and placed under a separate 'Gift Card' classification.
Such gift card transactions will continue to be excluded from earning reward points or cashback. They will also not count towards milestone-based spending requirements or annual fee waiver calculations.
The revised terms are scheduled to take effect on August 28, 2026, making it important for Axis Bank credit cardholders to review how the changes could affect their spending and payment patterns.
Trisha Bhattacharya is a Senior Content Producer at Livemint, with over two years of experience covering entertainment news from India and beyond. She spends her days tracking what’s trending, breaking down pop culture moments, and turning fast-moving entertainment stories into sharp, engaging reads that actually make people want to click — and stay.
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She holds a Master’s degree in English Literature from Lucknow University, a background that shapes her love for layered narratives, strong voices, and stories that linger long after they’re told. Before joining Livemint, Trisha worked with India Today as an entertainment journalist and film critic. There, she reviewed films, covered industry news, and built a strong foundation in storytelling and cultural analysis.
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Trisha enjoys working at the intersection of media, culture, and audience interest, always looking for fresh angles and formats. Films, shows, and music are not just her beat but her biggest passion — something that naturally reflects in her writing. Whether it’s cinema, streaming shows, music, or internet trends, she approaches every story with curiosity and intent.
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Outside the job description, she’s unapologetically passionate about films, shows, and music — sometimes a little too passionate, if you ask her. That enthusiasm often spills into her work, adding personality, urgency, and a touch of chaos that keeps her writing alive. For Trisha, entertainment isn’t just a beat — it’s a language she speaks fluently.
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