Cardfare / What changed / Axis raises DCC markup to 3.5% on most cards, 2% on Magnus

Axis raises DCC markup to 3.5% on most cards, 2% on Magnus

The markup on rupee-billed international transactions rises from 1.5% to 3.5% on SELECT, Privilege, MY ZONE and NEO, to 2% on Magnus and Magnus for Burgundy, and to 1.8% on Olympus.

Cards affected

Axis Bank Select Credit Card, AXIS BANK PRIVILEGE Credit Card, AXIS BANK MAGNUS Credit Card

Source

Dynamic Currency Conversion markup will be revised to 3.5% from 1.5%.

Business Standard · Bank notice

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More from Axis Bank

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  Source: Axis Bank – Reserve T&C revision

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  Cards: Axis Bank Select Credit Card, AXIS BANK PRIVILEGE Credit Card, AXIS BANK MAGNUS Credit Card, Axis Bank Reserve Credit Card

  Source: Business Standard