Cardfare / What changed / Axis Bank
Axis Bank credit card changes: rewards, fees and benefits
Every reward cut, new fee and benefit change we can source, dated and linked to where it was announced. Changes to cards in your wallet are highlighted on this device.
Coming up
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UpcomingCutAxis Bank· from 1 October 2026
Axis SELECT milestone no longer counts non-reward spends
The ₹3 lakh annual spend that unlocks 6 extra international lounge visits, 6 golf rounds and Priority Pass renewal on SELECT will no longer count insurance, rent, fuel, education, utilities and telecom, wallet, gold/jewellery, government or gift card spends.
Cards: Axis Bank Select Credit Card
Source: Axis Bank – SELECT T&C revision
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UpcomingCutAxis Bank· from 1 November 2026
Axis movie offers need ₹25,000 spend in the previous 3 months
The District buy-one-get-one on SELECT, Privilege and MY ZONE, and the NEO BookMyShow discount, will require ₹25,000 of settled spend in the previous 3 months. New cards are exempt for the issuance month and the next 3 months.
Cards: Axis Bank Select Credit Card, AXIS BANK PRIVILEGE Credit Card
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UpcomingUpdateAxis Bank· from 15 November 2026
Axis complimentary memberships renew only with your consent
Complimentary memberships on Magnus, Magnus for Burgundy, Reserve, SELECT and other premium Axis cards will renew only after explicit cardholder consent. Axis says renewal details and consent options will be shared near the renewal date.
Cards: AXIS BANK MAGNUS Credit Card, Axis Bank Reserve Credit Card, Axis Bank Select Credit Card
Source: Axis Bank – Reserve T&C revision
September 2026
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Benefit changeAxis Bank
Scapia adds lounge access with a ₹20,000 monthly spend unlock
The terms now advertise unlimited domestic lounge access, unlocked on a monthly spend of ₹20,000. The airport dine-or-shop benefit is also stated to unlock on that monthly spend.
Cards: Scapia Axis Bank Credit Card
August 2026
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CutAxis Bank· since 28 August 2026
Axis stops rewards on tolls and moves gift cards to their own excluded category
Bridge, road and toll payments no longer earn rewards. Gift card purchases remain excluded from rewards and fee-waiver spend and now sit in a separate 'Gift card' category instead of 'Wallet'.
Cards: Axis Bank Select Credit Card, AXIS BANK PRIVILEGE Credit Card, AXIS BANK MAGNUS Credit Card, Axis Bank Reserve Credit Card
Source: Business Standard
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New feeAxis Bank· since 28 August 2026
Axis raises top late-payment fee to ₹1,300
The late fee for outstanding balances above ₹50,000 rises to ₹1,300, while lower slabs are unchanged. Payments are now applied first to fees and taxes, then EMIs, interest, purchases and cash advances.
Applies across Axis Bank's cards
Source: Business Standard
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Benefit changeAxis Bank· since 28 August 2026
Axis Priority Pass no longer works at Indian domestic lounges
On premium Axis cards, domestic lounges in India must now be accessed with the Axis credit card and boarding pass instead of the Priority Pass. Priority Pass still works for international lounges, including those at Indian international terminals.
Cards: AXIS BANK MAGNUS Credit Card, Axis Bank Reserve Credit Card, Axis Bank Select Credit Card
Source: Axis Bank – Magnus T&C revision
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New feeAxis Bank· since 28 August 2026
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: Axis Bank Select Credit Card, AXIS BANK PRIVILEGE Credit Card, AXIS BANK MAGNUS Credit Card
Source: Business Standard
July 2026
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BetterReportedAxis Bank· since 25 July 2026
Qatar Airways returns as Axis transfer partner at lower ratios
Qatar Airways Privilege Club reappeared as an Axis EDGE transfer partner in July 2026 without a formal announcement. It uses the reduced April ratios, e.g. 5:1 on Magnus and Reserve and 2:1 on Atlas and Horizon, not the old rates.
Cards: AXIS BANK MAGNUS Credit Card, Axis Bank Reserve Credit Card, Axis Bank Atlas Credit Card, HORIZON Credit Card
Source: Live From A Lounge
April 2026
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CutAxis Bank· since 12 April 2026
Airtel Axis ties cashback caps to base spend, drops Swiggy and lounges
The 25% Airtel cap is now twice the 1% base cashback earned that month, and the 10% utility cap equals the base cashback, replacing fixed ₹250 caps. The 10% cashback on Swiggy, Zomato and BigBasket became 10% value-back (max ₹200 per partner) on Zomato, Blinkit and District, and the 4 domestic lounge visits were removed.
Cards: Airtel Axis Bank Credit Card
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CutReportedAxis Bank· since 2 April 2026
Axis drops Accor, Marriott and Qatar as transfer partners
Axis removed Accor, Marriott Bonvoy and Qatar Airways Privilege Club from EDGE Rewards and EDGE Miles transfers with immediate effect and no advance notice. Avios and Vietnam Airlines partners were set at lower ratios, e.g. 5:1 instead of 5:2 on Magnus and Reserve.
Cards: AXIS BANK MAGNUS Credit Card, Axis Bank Reserve Credit Card, Axis Bank Atlas Credit Card, HORIZON Credit Card
Source: Live From A Lounge
October 2025
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CutAxis Bank· since 1 October 2025
Axis forfeits unredeemed points 30 days after card closure
Axis can forfeit unredeemed EDGE Reward Points or EDGE Miles 30 days after a card is closed, or once the minimum due has been outstanding for more than 90 days. Redeem before closing the card.
Applies across Axis Bank's cards
Source: Live From A Lounge
June 2025
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Benefit changeReportedAxis Bank· since 20 June 2025
Flipkart Axis adds 7.5% on Myntra but caps cashback and drops lounges
Myntra cashback went up to 7.5%, while Myntra, Flipkart and Cleartrip cashback each became capped at ₹4,000 per statement quarter. Complimentary lounge access was removed from the card.
Cards: FLIPKART AXIS BANK Credit Card
Source: Live From A Lounge
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UpdateAxis Bank· since 20 June 2025
Axis defines reward exclusions by spend category instead of MCC
Axis now decides which spends are excluded from rewards, fee waivers and milestones using its own spend-category labels (Utility & Telecom, Rent, Wallet, etc.) rather than 4-digit merchant category codes. Axis said the list of excluded categories itself did not change.
Applies across Axis Bank's cards
Source: Live From A Lounge