New Changes In Axis Bank Credit Card Services: credit card There is great news for users. Axis Bank has changed some card related charges, payment method and rewards rules. These new rules will come into effect from 28 August 2026. So those who use the card abroad, pay their bills late or don't pay the full amount each month have to pay some amount up front.
The most significant change in the new rules relates to overseas transactions. Shopkeepers often offer the option of paying the bill in Indian rupees while shopping abroad. This is called Dynamic Currency Conversion or DCC. Although this option seems simple, it incurs an additional fee.
So far Axis BankA markup of 1.5 percent was charged for such transactions on the card. But now the same rate has been reduced to 3.5 percent. Meanwhile GST will be different on it. So customers who choose to pay in INR while shopping abroad may end up spending more than before. Credit Card Rule Change:
If the bill is paid late, the pocket will suffer
There has also been a change in the penalty structure for not paying the credit card bill on time. If the outstanding amount increases, the late fee will also increase.
The new fee structure is as follows:
- 500 dues — No late fees
- 501 to 5,000 — 500
- 5,001 to 10,000 — 750
- 10,001 to 50,000 — 1,200
- Over 50,000 — 1,300
This simply means that if a large credit card bill is left overdue and not paid by the due date, the customer may have to pay more as a penalty. So it will be more important to remember the date of the bill.
What will be deducted first after paying a small amount?
- Customers who are in the habit of paying only the 'minimum due' and saving the balance for the next month also need to be careful.
- Once the customer has paid any amount, it will not be deducted from the original amount of direct purchase.
- According to the new method, the amount collected will be used for the dues, interest and taxes due earlier.
- That amount will be diverted towards the principal of EMIs, regular purchases and finally cash withdrawals from ATMs.
- Due to this, customers who continue to use the card by paying only the minimum amount need to take special care.
- As the interest burden on cash advance is high, the cost is likely to increase if the bill is not paid in full.
Sugar Price Hike: Ethanol increasing the price of sugar? The government finally said because, matches must know
Also changes in reward points
Many consumers see rewards points and cashback as a major benefit of using a credit card. However, some transactions will no longer receive these benefits.
Certain travel-related payments such as tolls, road fees and bridge charges will not earn reward points or cashback. Similarly, gift card purchases have also been excluded from the reward calculation.
RBI FD Rules 2026: Big news for FDers! RBI changes bank deposit rules; The new rules will come into effect from October 1
That is, it can no longer be assumed that points will be earned for every transaction spent on the card. So before making a big purchase, it would be beneficial to check whether the reward is applicable for that transaction or not.