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Miles & More World Select takes the full DCC hike — 1.5% to 3.5%

From 28 August 2026 the Axis Miles & More World Select charges 3.5% to let a foreign terminal bill you in rupees, up from 1.5%. Magnus got a carve-out at 2% and the IndiGo Premium at 2.5%; the card named for foreign travel got none. The same notice stops its Priority Pass from opening Indian domestic lounges.

What changed

Worse for you

Fee change · Axis Bank

Before

Dynamic Currency Conversion markup 1.5% + taxes; late-payment fee topped out at ₹1,200 above ₹10,000 outstanding; gift-card spend booked under the 'Wallet' category; Bridge Fees, Road Fees and Tolls earned like any other spend; Priority Pass opened Indian domestic lounges

After

DCC markup 3.5% from 28 Aug 2026, level with the card's 3.5% foreign-currency fee. Same notice: a ₹1,300 late-payment slab above ₹50,000 outstanding; payments appropriated fees → EMIs → interest → purchases → cash advances; gift cards moved into their own 'Gift Card' category; no rewards on Bridge Fees, Road Fees and Tolls; and the Priority Pass card no longer opens domestic lounges in India. From 15 Nov 2026 complimentary memberships renew only with explicit consent

See it with every other change

The card this affects

Axis spent August re-pricing Dynamic Currency Conversion across its whole book: 3.5% for the generic retail cards, with named carve-outs for the cards it wanted to protect. Magnus landed at 2%, the IndiGo Premium at 2.5%, Olympus at 1.8%. The Miles & More World Select — a card whose whole pitch is flying Lufthansa Group — is not on that list. Its own revision notice takes it the full distance, 1.5% to 3.5%, from 28 August 2026.

What it actually costs you

The card’s foreign-transaction fee was already 3.5%. Until 28 August, saying yes to “would you like to be billed in rupees?” cost 1.5%, so on a ₹1,00,000 foreign bill the terminal’s offer saved you ₹2,000 against paying in the local currency. From 28 August both routes cost ₹3,500. The prompt is now neutral — no trap, no saving — and the card is exactly as expensive abroad whichever answer you give.

That is the honest read of a markup hike on this card: it removed the one cheap way to spend abroad on it. The 3.5% forex fee it was already carrying is the real problem, and it has not moved.

The rest of the same notice

  • Domestic lounges: the Priority Pass card no longer opens Indian domestic lounges. You present the World Select card itself, and the ₹50,000-in-three-months spend gate on domestic visits still applies.
  • Late fee: a new ₹1,300 slab above ₹50,000 outstanding, where the ladder used to top out at ₹1,200.
  • Payments are now appropriated fees → EMIs → interest → purchases → cash advances.
  • Gift cards move into their own “Gift Card” category, and Bridge Fees, Road Fees and Tolls stop earning.
  • From 15 November 2026, complimentary memberships renew only with your explicit consent.

Our take: nothing here is a reason to cancel on its own, but it removes an argument for keeping it. If this card is your travel card, the foreign spend it is named for now costs 3.5% every way you pay — put that spend on a low-forex card and keep this one for the miles you earn at home.

Comparisons this changes

More on this story

  1. Olympus loses its NIL dynamic-currency markup — DCC goes to 1.8%

  2. Axis rewrites its card terms on 28 August: what actually changes, card by card

  3. Axis Magnus for Burgundy DCC markup rises to 2% — from 28 Aug 2026

  4. Axis Magnus DCC markup rises to 2% — from 28 August 2026

  5. Axis Bank NEO adds ₹25,000 spend gate for BookMyShow discount — from 1 November 2026

  6. September is expensive: Kotak's ₹424 door, Amex's milestone cut, and Axis's fee doubling land within ten days

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