# Axis raises currency-conversion charges and stops rewarding tolls from 28 August

**Devaluation** · effective 28 August 2026

Replaced by [Axis Bank portfolio revision, 28 Aug 2026: tolls stop earning, DCC markup rises, late fees up](https://getbrief.cards/changes/axis-portfolio-2026-08-28)

Affects: [Axis Magnus](https://getbrief.cards/cards/axis-magnus-std), [Axis Magnus for Burgundy](https://getbrief.cards/cards/axis-magnus-burgundy), [Axis Burgundy Private](https://getbrief.cards/cards/axis-burgundy-private), [Axis Reserve](https://getbrief.cards/cards/axis-reserve), [Axis Bank Primus](https://getbrief.cards/cards/axis-primus), [Axis Atlas](https://getbrief.cards/cards/axis-atlas), [Axis Bank SELECT](https://getbrief.cards/cards/axis-select), [Axis Bank Privilege](https://getbrief.cards/cards/axis-privilege), [Axis Bank REWARDS](https://getbrief.cards/cards/axis-rewards), [Axis Bank MyZone](https://getbrief.cards/cards/axis-myzone), [Axis Bank Neo](https://getbrief.cards/cards/axis-neo), [Axis Bank ACE](https://getbrief.cards/cards/axis-ace), [Axis Bank Olympus Credit Card](https://getbrief.cards/cards/axis-olympus)

✓ official · checked 20 August 2026 · recorded 20 August 2026

Source: https://campaign.axis.bank.in/generic/terms-and-conditions-select.pdf

## Also on these cards (5)

- 15 November 2026: [Axis complimentary memberships renew only if you say yes](https://getbrief.cards/changes/axis-consent-renewal-2026-11)
- 1 November 2026: [Axis gates its movie offers behind ₹25,000 of prior spend](https://getbrief.cards/changes/axis-movie-gate-2026-11)
- 1 October 2026: [Axis SELECT milestone spends stop counting excluded categories](https://getbrief.cards/changes/axis-select-milestone-2026-10)
- 23 September 2026: [Accor is back on Axis, and Cathay, Hilton and Miles & More join](https://getbrief.cards/changes/axis-edge-partners-2026-09)
- 23 September 2026: [Axis drops Club ITC as a transfer partner](https://getbrief.cards/changes/axis-itc-removed-2026-09)

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Every change, dated: https://getbrief.cards/changes
Canonical: https://getbrief.cards/changes/axis-revision-2026-08-28