Axis Bank Neo Credit Card

Name: Axis Bank Neo Credit Card
Brand: Axis Bank
Price: 250 INR
Availability: InStock
Rating: 2.5 (1 reviews)

Overview

Axis Bank Neo Credit Card is an entry-level card priced at ₹250 annually, frequently available lifetime free through digital channels. It earns 1 EDGE Reward Point per ₹200 spent, a 0.1% return that ranks among the lowest in the Axis portfolio. The card's value comes entirely from its merchant discount programme.The merchant offer stack is the core draw: ₹120 off Zomato twice monthly (₹2,880/year), 10% off Blinkit up to ₹250 monthly (₹3,000/year), 5% off Paytm utility bills up to ₹150 monthly (₹1,800/year), 10% off BookMyShow up to ₹100 monthly (₹1,200/year), and ₹150 off Myntra periodically. Combined, these offers total approximately ₹9,000 annually.The activation benefit provides 100% cashback up to ₹300 on the first utility bill payment within 30 days. Dining Delights, Wednesday deals on MakeMyTrip, Swiggy, and Tira add supplementary lifestyle value. EMV chip technology and zero lost card liability handle security basics.Without any lounge access, meaningful reward earn rates, or travel benefits, the Neo card works strictly as a discount aggregator for specific platforms. Users who order food, groceries, and entertainment regularly on these partners will find it worthwhile, while others should look at cards with better base earn rates.

Pros

↑Merchant discount stack totalling ~₹9,000 annually across Zomato, Blinkit, Paytm, BookMyShow, and Myntra makes this among the highest-value free or ₹250 cards available
↑Frequently available lifetime free through select digital channels, eliminating any cost to access the merchant offers
↑Activation cashback of ₹300 on first utility payment plus NRI eligibility broaden the card's accessibility beyond typical entry cards

Cons

↓Base reward rate of 1 EDGE Point per ₹200 (0.1% return) is effectively zero value for any spending outside the specific merchant partners
↓No airport lounge access, no travel benefits, and no meaningful insurance make the card purely a platform-discount tool
↓3.5% foreign currency markup and 1% surcharges on rent, wallet, fuel, utilities, and education add costs for users spending in these categories

Key Highlights

Welcome Offer
₹300 cashback on first utility bill payment
100% cashback up to ₹300
First utility bill payment within 30 days
One-time activation benefit
Applicable for first year only

Reward Rate
1 EDGE Point per ₹200 spent
1 point per ₹200 on all eligible spends
~0.1% return rate
Redeemable via EDGE Rewards catalogue
Main value comes from merchant offers, not earn rate

Minimum Salary
18-70 years, Indian resident or NRI
Age: 18 to 70 years
Indian resident or NRI eligible
PAN card or Form 60 required
Income proof required

Joining Fee
₹250 (Lifetime Free on select channels)
Joining fee: ₹250
Often available lifetime free via digital channels
Add-on card: free

Annual Fee
₹250 from 2nd year (LTF on select channels)
Annual fee: ₹250 from 2nd year
1st year: nil
Lifetime free through select application channels
Add-on card: free

Why Choose?
~₹9,000 in annual merchant discounts
Zomato ₹120 off x 24 = ₹2,880
Blinkit 10% off x 12 = up to ₹3,000
Paytm 5% off x 12 = up to ₹1,800
BookMyShow 10% off x 12 = up to ₹1,200

Key Benefits

Dining

★3.0

▼

Axis Bank Dining Delights at premium restaurants
Wednesday Delight: 10% off Swiggy, 10% off Tira
15% off flights and hotels via MakeMyTrip on Wednesdays
Zomato and Swiggy discounts supplement dining value

Fuel

★2.0

▼

No fuel surcharge waiver explicitly mentioned
1% fuel transaction surcharge applicable
1% fee on cumulative fuel spends above ₹50,000 per cycle

Reward Points

★1.5

▼

1 EDGE Reward Point per ₹200 on all eligible spends
~0.1% return rate based on ₹0.20 per point
Among the lowest earn rates in the Axis card range
Main card value comes from merchant discounts, not rewards

Merchant Offers

▼

Zomato: ₹120 off on ₹499+ orders, twice monthly (code AXISNEO)
Blinkit: 10% off up to ₹250 on ₹750+, once monthly
Paytm: 5% off utility/recharge/DTH up to ₹150, once monthly
BookMyShow: 10% off movie tickets up to ₹100 monthly
Myntra: ₹150 off on ₹999+ on selected styles

Detailed Information

Joining Fee	₹250 (Lifetime Free on select channels)
Annual Fee	₹250 from 2nd year (Lifetime Free on select channels)
Annual Fee Waiver	Not applicable (often Lifetime Free)
Monthly Percentage Rate	3.75%
Annual Percentage Rate	55.55%
Minimum Monthly Payment	5% of outstanding or ₹200, whichever is higher
Foreign Currency Markup	3.5% + 1.5% DCC markup
Late Payment Charges	NIL up to ₹500; ₹500 (₹501-₹5,000); ₹750 (₹5,001-₹10,000); ₹1,200 (above ₹10,000). Extra ₹100 for missing MAD two consecutive cycles
Overlimit Charges	2.5% of overlimit amount (min ₹500)
Cash Advance Fee	2.5% of amount (min ₹500)
Card Replacement Fee	NIL
Fee For Duplicate Statement	Waived
Fee For Cheque Bounce	2% of payment amount (min ₹500)

Age Requirement Salaried	18-70 years
Age Requirement Self Employed	18-70 years
Minimum Annual Income Salaried	Not specified (bank discretion)
Minimum Annual Income Self Employed	Not specified (bank discretion)
Minimum Credit Score	Not specified (bank discretion)

Identity Proof	PAN Card or Form 60
Address Proof	Driving License, Electricity Bill, or Landline Telephone Bill
Income Proof Salaried	Latest payslip, Form 16, or IT return
Income Proof Self Employed	IT return or equivalent income proof

Frequently Asked Questions

The joining fee is ₹250 and the annual fee is ₹250 from the second year. The card is frequently available lifetime free through select digital application channels.

Yes. The Neo Credit Card is available lifetime free through select application channels. If obtained through standard channels, the joining fee is ₹250 with ₹250 annual renewal.

New cardholders receive 100% cashback up to ₹300 on the first utility bill payment made within 30 days of card issuance. This is a one-time benefit for the first year only.

₹120 off on food delivery orders of ₹499 or above on Zomato. The offer is valid twice per month using coupon code AXISNEO.

10% off on Blinkit grocery orders with a maximum discount of ₹250 on minimum spends of ₹750. Valid once per month.

5% off on mobile recharges, broadband payments, and DTH recharges done through Paytm. Maximum discount of ₹150 per month on minimum transaction of ₹299.

10% off on every movie ticket purchase on BookMyShow with maximum monthly benefits of up to ₹100.

₹150 off on Myntra on minimum spends of ₹999 on selected styles.

You earn 1 EDGE Reward Point for every ₹200 spent on the Neo Credit Card, which translates to approximately 0.1% return rate.

If all offers are fully utilised, the annual value totals approximately ₹9,000: Zomato ~₹2,880, Blinkit ~₹3,000, Paytm ~₹1,800, BookMyShow ~₹1,200, plus Myntra and other offers.

No. The Neo Credit Card does not include any airport lounge access, domestic or international.

Access to the Axis Bank Dining Delights programme at restaurants across India, plus Wednesday Delight offers on Swiggy and Tira.

Every Wednesday: up to 15% off on flights and hotels via MakeMyTrip, 10% off on Swiggy orders, and 10% off up to ₹1,000 on Tira beauty products.

3.5% of the transaction value plus a 1.5% DCC markup on international transactions processed in Indian currency.

Yes. Both Indian residents and Non-Resident Indians (NRIs) between 18 and 70 years of age are eligible to apply.

NIL if total due is under ₹500, ₹500 for ₹501 to ₹5,000, ₹750 for ₹5,001 to ₹10,000, and ₹1,200 above ₹10,000. Extra ₹100 for missing MAD two consecutive cycles.

EMV certified chip and PIN technology for protection against counterfeit and skimming fraud, plus zero lost card liability for reported losses.

Yes. Transactions exceeding ₹1,500 can be converted to EMIs through internet banking, the mobile app, or customer service.

PAN card or Form 60, proof of income (latest payslip, Form 16, or IT return), and residence proof (driving licence, electricity bill, or telephone bill).

1% per rental transaction (MCC 6513) plus applicable taxes.

The credit limit varies based on individual financial profile assessment by the bank.

The research does not explicitly confirm a standard fuel surcharge waiver. A 1% fuel transaction surcharge applies, and a 1% fee applies on cumulative fuel spends above ₹50,000 per cycle.

Yes. Add-on cards are available at no joining or annual fee. Add-on cardholders must be over 18 years of age.

1% fee on cumulative wallet loads of ₹10,000 or more per statement cycle. Utility transactions: 1% on cumulative spends of ₹25,000+ per cycle. Education: 1% per transaction via third-party apps.

2.5% of the cash amount (minimum ₹500). Finance charges of 3.75% per month (55.55% per annum) apply from the date of withdrawal.