Axis Bank is set to revise credit card rules for its cardholders from August 28, 2026. The changed rules include an increase in dynamic currency conversion markup, a revised late payment fee for credit card outstanding balances of over Rs 50,000, exclusion of reward points and cashback on spends made on bridge fees, road fees and tolls among other changes.
Here are the key changes for Axis Bank credit cardholders from August 28, 2026.
Dynamic currency conversion markup increased
Axis Bank says that its dynamic currency conversion markup will be revised to 3.5% from 1.5%.
Dynamic currency conversion is a financial service at international card terminals or ATMs that lets you pay in your home currency instead of the local currency.
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Late payment fee revised for credit outstanding balances above Rs 50,000
Axis Bank is set to charge a late payment fee of Rs 1,300 on credit card outstanding balances of Rs 50,000 and above. The bank says that its late payment fee remains unchanged for outstanding balances below Rs 50,000.
Axis Bank late payment fee for credit card outstanding balances
| Slab of outstanding amount | Late payment fee charges |
| Amount < ₹500 | Nil |
| Amount ₹501 to ₹5,000 | ₹ 500 |
| Amount ₹5,001 to ₹10,000 | ₹ 750 |
| Amount ₹10,001 to ₹50,000 | ₹ 1,200 |
| Amount > ₹50,000 | ₹ 1,300 |
Axis Bank says when a user makes a payment towards credit card outstanding, their payment will be adjusted across different components of the outstanding balance in a defined order.
Explaining how it will be adjusted, Axis Bank says payments will be adjusted first towards applicable fees and charges (including taxes), followed by equated monthly instalments (EMIs), interest charges, purchase transactions and cash advances.
Gift card purchases to be classified under gift card category now
Axis Bank says that its gift card purchases will continue to be excluded from the rewards category and will not earn rewards or cashback. The bank also clarified that gift card purchases will not contribute towards spends-based fee waiver calculations or milestone benefits.
However, the bank says that instead of being classified under the ‘Wallet’ spend category, such purchases will now be reclassified under a separate spend category called ‘Gift Card’.
No reward or cashback on these fees
Axis Bank says that no rewards or cashback will be earned on spends made on bridge fees, road fees, and tolls.
Axis Bank retail cards and their fees
As per Axis Bank’s official document, the bank offers nine retail credit cards with the PRIDE Platinum credit card and the PRIDE SIGNATURE credit card offering a 0 joining fee each. Here are the Axis Bank retail credit cards, their joining and annual fees, annual fee waiver and the interest rate.
| Product name | Joining fee | Annual fee | Annual fee waiver | Interest rate (p.a.) |
| PRIDE PLATINUM Credit Card | ₹ 0 | ₹ 250 | Spends of ₹20,000 in the preceding year | 55.55% |
| PRIDE SIGNATURE Credit Card | ₹ 0 | ₹ 500 | Spends of ₹40,000 in the preceding year | 55.55% |
| NEO Credit Card | ₹ 250 | ₹ 250 | — | 55.55% |
| MY ZONE Credit Card | ₹500* | ₹500* | — | 55.55% |
| AURA (Health) Credit Card | ₹ 749 | ₹ 749 | — | 55.55% |
| CASHBACK Credit Card | ₹1,000* | ₹1,000* | Spends** of ₹4,00,000 in the preceding year | 55.55% |
| REWARDS Credit Card | ₹ 1,000 | ₹ 1,000 | Spends of ₹2,00,000 in the preceding year | 55.55% |
| PRIVILEGE Credit Card | ₹ 1,500 | ₹ 1,500 | Spends of ₹5,00,000 in the preceding year | 55.55% |
