Axis Bank revises credit card rules, raises DCC fee to 3.5% from August 28

Axis Bank will change several credit card rules from August 28, 2026, raising the Dynamic Currency Conversion (DCC) fee from 1.5% to 3.5% excluding taxes, the Free Press Journal reports. Customers using a card abroad and choosing to pay in rupees will face higher charges. For a Rs 1 lakh transaction, the fee will rise from Rs 1,500 to Rs 3,500.

Late payment fee on outstanding balances above Rs 50,000 will be Rs 1,300. Partial payments will first clear fees and charges before touching EMI dues or purchases. Gift card transactions will no longer earn reward points or cashback, nor count toward fee-waiver limits. Toll and road fee payments also become ineligible for rewards.