finance•Thu, August 20, 2026•4 min read

Axis Bank Credit Card Holders: What You Need to Know Before August 28

Axis Bank is implementing significant updates to its credit card policy, effective August 28, 2026. These changes impact international transaction costs, reward point eligibility, and late payment fee structures.

A Major Shift in Credit Card Terms

If you carry an Axis Bank credit card in your wallet, it is time for a policy check. The bank has announced a series of revisions to its terms and conditions that will officially go into effect on August 28, 2026. These updates affect everything from how you are charged for international shopping to how your reward points are calculated.

Understanding these changes is vital for cardholders to avoid unexpected fees and to manage their spending habits effectively in the coming months.

Axis Bank is rolling out new terms for credit card users nationwide.

Key Changes You Need to Know

The most significant update concerns Dynamic Currency Conversion (DCC). When shopping internationally—or at terminals that offer to bill you in your home currency—the markup fee is set to more than double. Here are the primary adjustments being implemented:

Dynamic Currency Conversion (DCC) markup will increase from 1.5% to 3.5%.
Revised late payment fee structures for outstanding balances exceeding Rs 50,000.
Reward points and cashback are no longer applicable to spends on bridge fees, road fees, and tolls.
Gift card purchases will no longer count toward milestone benefits or fee waiver calculations.

Always choose to pay in the local currency when given the option. This can help you avoid dynamic currency conversion fees, which are often higher than standard foreign transaction fees.
— Axis Bank Financial Guidance

Strategic Adjustments for Cardholders

For users who travel frequently, the jump in DCC markup is the most critical change. By choosing to pay in the local currency rather than opting for home currency conversion at a terminal, you can effectively mitigate the higher 3.5% fee. Furthermore, cardholders should review their spending patterns regarding tolls and gift cards, as these activities will no longer contribute to the perks that many users rely on to waive annual fees or hit milestone targets.

Key Takeaways

DCC markup for international transactions will rise to 3.5% starting August 28, 2026.
Late payment fees will be adjusted for outstanding balances over Rs 50,000.
Tolls and road fees no longer qualify for reward points or cashback.
Gift card purchases are excluded from milestone benefits and fee waiver calculations.
It is recommended to pay in local currency during international trips to avoid higher conversion markups.

FAQ

When do the new Axis Bank credit card rules come into effect?

The new rules and fee structures go into effect on August 28, 2026.

What is changing with the Dynamic Currency Conversion markup?

The markup will increase from the current 1.5% to 3.5%.

Will I earn rewards on toll payments after August 28?

No, Axis Bank has excluded bridge fees, road fees, and tolls from earning reward points and cashback.

Do gift card purchases help with fee waivers?

No, gift card purchases will no longer contribute toward spend-based fee waivers or milestone benefits.