New Delhi, Aug. 21 -- Axis Bank has announced a series of changes to its credit card terms and conditions, which will come into force on 28 August 2026, affecting charges on certain international transactions, late payment fees, reward benefits and the adjustment of partial payments.

One of the most significant changes concerns Dynamic Currency Conversion, or DCC, which may affect customers travelling abroad or making purchases from international merchants. The DCC markup will rise from 1.5% to 3.5%, with applicable taxes charged additionally.

DCC is a payment option that allows cardholders to pay in Indian rupees instead of the local currency when making a purchase at an overseas point of sale or through an international online merchan...