Axis Bank revises rules for accessing airport lounges and others; these debit cards to be less rewarding

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Key Points

Axis Bank has revised its rules regarding airport lounge access of its Burgundy, Delight, Priority, and other debit cards..

Further, the bank has also revised BookMyShow offers, reward point rules (EDGE rewards) and a specific feature-related to international usage of its debit cards...

Lounge Program: As per Axis Bank Burgundy debit card's updated terms and conditions document, "Lounge access benefits will be based on Debit Card spends..

Any EDGE REWARD Points already earned on above stated categories before 01-May 2024 will remain unaffected," said Axis Bank in its updated terms and conditions for BURGUNDY Debit Card...

In case of a newly issued debit card, the minimum spend criteria are waived for the month of issuance followed by the next 3 calendar months.. 1% mark-up fee on Dynamic Currency Conversion (DCC) transactions: A Dynamic Currency Conversion (DCC) markup fee of 1% plus GST will be applicable on each international transaction done in Indian currency at an international location or transactions done in Indian currency with merchants located in India but registered in a foreign nation using your Axis Bank PRIORITY Debit Card..