Axis Bank credit card rules change from December 20. From finance charges to cash payment fees, check revised rates

Axis Bank has rolled out several changes in its credit card rules, starting December 20, 2024. Finance or interest charges applicable to your credit card will be levied at a revised interest rate of 3.75 per cent per month, from the current rate of 3.6 per cent. The change will be applicable to all Axis Bank retail credit cards, except the following cards: a) Burgundy Private Credit Card, b) Magnus Burgundy Credit Card, c) Flipkart Secured Credit Card, d) Magnus Credit Card, e) IOCL Easy Credit Card, f) MyZone Easy Credit Card, g) Legacy Secured Credit Cards, h) Olympus Credit Card, i) Primus Credit Card Privilege Easy Credit Card and j) Reserve Credit Card. This change will not be applicable to Burgundy Private Credit Card, Olympus Credit Card and Primus Credit Card Standing Instructions Standing Instruction, NACH payment failure, auto debit reversal, or cheque return fee of 2 per cent of the payment amount will continue to be applicable. This change will be applicable to the following credit cards: Magnus Burgundy Credit Card Reserve Credit Card, Magnus Credit Card Samsung Infinite Credit Card, Miles and More World Credit Card Select Credit Card, Miles and More World Select Credit Card and Signature Credit Card Rent surcharge A 1 per cent rent surcharge will continue to be charged by the bank on all rent transactions.