Axis Bank to change credit card rules from August 28
Axis Bank plans to alter its credit card rules starting August 28, 2026. The modifications include raising the dynamic currency conversion markup from 1.5% to 3.5%, increasing the late payment fee for balances over Rs 50,000 to Rs 1,300, and excluding rewards on certain expenses like bridge fees, road fees, and tolls. Payments towards outstanding balances will be distributed across fees, EMIs, interest charges, purchases, and cash advances in a specific order.
Gift card purchases will now be classified under a separate 'Gift Card' category rather than 'Wallet'. No rewards or cashback will be earned on bridge fee, road fee, and toll expenses.
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