# Axis Bank revises credit card rules, DCC charge to rise from August 28 2026-08-21T17:11:11+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Axis Bank will revise several credit card terms from August 28, 2026, including a higher Dynamic Currency Conversion (DCC) markup, a new late fee slab, changes to payment settlement, and restrictions on reward points. The DCC markup, the fee for paying in rupees instead of local currency on international transactions, will rise from 1.5% to 3.5%, plus applicable taxes. The late payment fee for balances above Rs 50,000 will increase to Rs 1,300. Other late fee slabs remain unchanged. Partial payments will now be adjusted first towards fees, charges and taxes, then EMIs, interest, purchases and finally cash advances. Cardholders will no longer earn reward points on tolls, road fees and bridge charges. Gift card purchases are also reclassified and will not earn rewards or count toward milestone spend. ## Indian Opinion Analysis The DCC charge increase brings Axis Bank in line with other lenders that have already raised this fee, but it hits a specific set of customers: those who travel abroad or shop on international websites. The change in payment settlement order, settling cash advances last, means customers who pay only part of their bill will see their most expensive debt (cash advance interest rates can exceed 40% per annum) sit unpaid the longest, potentially snowballing interest. The new late fee slab targets the top end of outstanding balances, affecting cardholders who routinely carry large debt. Watch for whether competitors follow with similar DCC increases in the next quarter. ## Coverage - livemint.com Straight factual listing of rule changes with no evaluative language or framing This story was synthesised by AI from the source linked above. Tags: Axis Bank, Axis Bank credit card, Dynamic Currency Conversion Canonical: https://indianopinion.org/axis-bank-revises-credit-card-rules-dcc-charge-to-rise-from-august-28/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/axis-bank-revises-credit-card-rules-dcc-charge-to-rise-from-august-28/#story-in-brief How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/