Axis Bank Neo Credit Card
The Axis Bank Neo Credit Card is a cost-effective rewards card perfect for frequent online shoppers and food delivery users, offering high-value cashback, exclusive partner discounts, and effortless everyday savings on utility bills and entertainment.
Apply Now ❯| Feature | Details |
|---|---|
| Bank / Issuer | Axis Bank |
| Card Type | RuPay, Visa |
| Joining Fee | 250 Lifetime free for select channels |
| Annual Fee | 250 Lifetime free for select channels |
| Welcome Benefits | 100% cashback up to ₹300 on your first utility bill payment within 30 days of card issuance; additional exclusive partner vouchers may be available during limited-time offers. |
| Fee Waiver Condition | The joining fee of ₹250 is waived if you spend ₹2,500 within the first 45 days of card issuance; there is no annual fee waiver on renewal. |
| Reward Rates | Earn 1 EDGE Reward Point per ₹200 spent on most categories (excluding fuel, EMI, and a few other exceptions); additional instant partner discounts on select brands like Zomato, Myntra, and BookMyShow. |
| Interest Rates | 3.75% per month (55.55% per annum) |
| Foreign Exchange Markup | 3.5% of the transaction value on all international spends |
| Best For | Food Ordering, Movies, Online Shopping |
Key Features & Benefits
The Axis Bank Neo Credit Card delivers real-life benefits tailored for everyday spending, making it a rewarding companion for food lovers, entertainment enthusiasts, and online shoppers. With Upto 40% off on Zomato on order above Rs. 499 and exciting offers on other partner restaurants, you get to enjoy tasty meals while saving money. The card’s exclusive cashback of up to ₹300 on your first utility bill payment incentivizes timely bill settlements, translating into tangible savings every month. Shopping on platforms like Myntra and Blinkit becomes more affordable, thanks to instant discounts and partner offers.
Beyond just rewards, the Neo Credit Card offers peace of mind with secure transactions and protections backed by Axis Bank’s trusted services. Its easy eligibility criteria make it accessible to salaried, business, and self-employed individuals with moderate income requirements. The card’s EDGE Reward Points system adds value on nearly every purchase, helping you accumulate points for future benefits. Low fees and straightforward terms ensure it suits users seeking cost-effective credit options without compromising on perks. All these advantages position the Axis Bank Neo Credit Card as a practical choice for those wanting to enjoy smart savings and everyday perks seamlessly.
All You Need to Know About: Axis Bank Neo Credit Card
The Axis Bank Neo Credit Card is a budget-friendly credit card designed to maximize everyday savings with a focus on online shopping, food delivery, utility bill payments, and entertainment. It is available on both Mastercard and RuPay networks. The card carries a joining fee and an annual fee of ₹250 each, with the joining fee waived if you spend ₹2,500 within the first 45 days.
Welcome benefits include 100% cashback up to ₹300 on the first utility bill payment within 30 days and exclusive partner discounts such as up to ₹120 off twice a month on Zomato food orders, 5% off on utility bill payments via Paytm, 10% off on Blinkit grocery shopping, and discounts on BookMyShow movie tickets and Myntra shopping. The card earns 1 EDGE Reward Point for every ₹200 spent on most purchases.
The card charges a finance interest rate of 3.75% per month on outstanding amounts and foreign exchange markup fees of 3.5% on international transactions. It does not provide complimentary airport lounge access.
Key fees include a cash withdrawal fee of 2.5% (minimum ₹500), late payment fees varying based on outstanding dues, a penalty for exceeding credit limits, and other standard charges detailed transparently. The card also offers zero lost card liability protection and allows converting large purchases above ₹2,500 into EMIs.
Ideal for millennials and young professionals, the Axis Bank Neo Credit Card delivers real value on daily spends with easy eligibility, solid rewards, and partner offers, making it a preferred choice for lifestyle-savvy users seeking cost-effective credit solutions.
Pros & Cons
Pros
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Low joining and annual fees, making it budget-friendly
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Attractive cashback and discounts on food delivery, utility bills, and online shopping
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Easy eligibility criteria for salaried, business, and self-employed individuals
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Earn EDGE Rewards points on most spends, enhancing overall value
- Backed by Axis Bank’s reliable customer service and security
Cons
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No complimentary airport lounge access, limiting travel-related perks
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Foreign currency markup of 3.5% may be high for frequent international travelers
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Annual fee waiver available only for joining fee, no renewal fee waiver
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Cashback offers limited to select partners, not universal
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Rewards redemption process can be less straightforward for some users
How to Apply
Here’s how you can apply for the Axis Bank Neo Credit Card:
- Visit the official Axis Bank credit card application page.
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Select the Neo Credit Card from the list of available cards and click ‘Apply Now.’
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Fill in your personal, contact, and financial details in the online application form and submit the form.
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Upload required documents such as proof of identity, address, and income as prompted.
Once your application is verified and approved, the card will be delivered to your registered address within 2-3 weeks.
Detailed Fee Structure
The Axis Bank Neo Credit Card comes with a joining fee of ₹250 plus applicable taxes, which is waived if you spend ₹2,500 within 45 days of card issuance. The annual fee is ₹250 from the second year onwards, with no waiver on the renewal fee. Interest charges on outstanding balances are 3.4% per month (approximately 49.36% per annum). Cash withdrawal fees are 2.5% of the amount withdrawn, with a minimum of ₹500. Late payment fees range from ₹100 to ₹1,000 depending on the outstanding amount. Other charges include a 3.5% currency conversion fee on international transactions and a fee for over-limit usage at 2.5% of the excess amount (minimum ₹500). Additional fees apply for card replacement (₹100) and duplicate statement requests. There are no charges for mobile alerts or card hotlisting, enhancing transparency and user convenience.
Who Should Get This Card?
The Axis Bank Neo Credit Card is best suited for budget-conscious millennials and young professionals who frequently order food, pay utility bills, and shop online. It is ideal for those looking for a low-cost credit card with attractive cashback and partner discounts on platforms like Zomato, Myntra, and BookMyShow. Salaried employees, business owners, and self-employed individuals with moderate annual income seeking easy eligibility and everyday savings will find this card a perfect fit. If you want to maximize rewards on daily spends without hefty fees, this card is a smart choice for lifestyle-savvy shoppers and digital payment users.
Alternatives & Competitor Comparison
| Feature | Axis Bank Neo Credit Card | Axis Bank My Zone Credit Card |
|---|---|---|
| Card Image | |  |
| Card Network | RuPay, Visa | Mastercard, RuPay, Visa |
| USP | The Axis Bank Neo Credit Card is a cost-effective rewards card perfect for frequent online shoppers and food delivery users, offering high-value cashback, exclusive partner discounts, and effortless everyday savings on utility bills and entertainment. | Axis Bank My Zone Credit Card is designed for lifestyle-savvy users who want maximum savings on dining, streaming subscriptions, bill payments, and online orders. Enjoy exclusive cashback offers, reward points on everyday spends, and hassle-free UPI transactions, making it a smart choice for millennials and frequent spenders seeking convenience and value. |
| Annual Fee | 250 Lifetime free for select channels | 500 Lifetime free for select channels |
| Joining Fee | 250 Lifetime free for select channels | 500 Lifetime free for select channels |
| Welcome Benefits | 100% cashback up to ₹300 on your first utility bill payment within 30 days of card issuance; additional exclusive partner vouchers may be available during limited-time offers. | Complimentary SonyLiv Premium annual subscription worth ₹1,499 on your first card transaction within 30 days of issuance |
| Lounge Access | N/A | Domestic: 1 per quarter On spends of ₹50,000+ in the last 3 months |
| Reward Rate | Earn 1 EDGE reward Point per ₹200 spent on most categories (excluding fuel, EMI, and a few other exceptions); additional instant partner discounts on select brands like Zomato, Myntra, and BookMyShow. | Earn 4 EDGE reward points for every ₹200 spent (reward rate ~0.4%). |
| Interest Rate | 3.75% per month (55.55% per annum) | 3.75% per month (equivalent to approx. 46.78% per annum) on unpaid amounts and cash advances. |
| Best For | Food Ordering, Movies, Online Shopping | Food Ordering, Movies |
| Apply Now | Apply Now | Apply Now |
Frequently Asked Questions
What is the joining fee and annual fee for the Axis Bank Neo Credit Card?
The joining fee is ₹250 plus taxes, which can be waived if you spend ₹2,500 within 45 days of card issuance. The annual fee is ₹250 from the second year onwards without any waiver on renewal.
What are the key welcome benefits of the Neo Credit Card?
You get 100% cashback up to ₹300 oThe Axis Bank Neo Credit Card offers 100% cashback up to ₹300 on your first utility bill payment within 30 days and exclusive partner discounts on platforms like Zomato, Myntra, and BookMyShow.n your first utility bill payment within 30 days of card issuance, plus exclusive partner discounts on food delivery, shopping, and movie tickets.
What are the reward rates on the Axis Bank Neo Credit Card?
You earn 1 EDGE Reward Point for every ₹200 spent on most purchases with the Axis Bank Neo Credit Card, excluding fuel and EMI transactions.
Does the Axis Bank Neo Credit Card have free lounge access?
No, The Axis Bank Neo Credit Card does not provide complimentary airport lounge access. It’s focused on lifestyle and shopping benefits rather than travel perks.
Are there any foreign transaction fees on the Axis Bank Neo Credit Card?
Yes, a 3.5% foreign exchange markup applies to all international transactions made with the Axis Bank Neo Credit Card.
Final Verdict
Is the Axis Bank Neo Credit Card right for you? If you’re seeking an affordable credit card that rewards your daily spending on food, utility bills, and online shopping, this card is a strong contender. With low fees, easy eligibility, and attractive partner discounts, it suits young professionals and budget-conscious users looking to maximize their rewards without a heavy cost. While it lacks travel perks like lounge access, its focus on lifestyle savings makes it a smart addition to your wallet. Apply now to start enjoying smart cashback and savings on your everyday expenses.
