Axis Bank Neo Credit Card benefits
- Benefit₹120
off on Zomato orders of ₹499 or more, twice a month
- Benefit5%
off on mobile, broadband and DTH payments through Paytm
- Benefit10%
off on Blinkit
up to ₹250 on spends of ₹750, once a month
- Travel7%
off flights
up to ₹2,000, and 18% off hotels, up to ₹4,000, on Cleartrip
- Rewards100%
cashback up to ₹300 on your first utility bill within 30 days
- Rewards1
EDGE Reward point per ₹200 spent
Axis Bank Neo Credit Card rewards and cashback
| Where you spend | Rate | Monthly limit |
|---|---|---|
| Everything else | 0.5 points per ₹100 | None |
We value one point at ₹0.2 in the usual redemption.
No rewards on: Utility and telecom, education, insurance, government, wallet, rent, gold and jewellery, fuel, gift cards, bridge, road and toll fees, cash advances and repayments.
All reward rules
- Axis Bank gives 1 EDGE Reward point per ₹200 spent, which is 0.5 points per ₹100.
- We use ₹0.20 per point, the value in Axis Bank's terms. The bank says this value can differ by card.
- This card's value comes mainly from discounts, which our maths does not count.
- Activation benefit: 100% cashback up to ₹300 on your first utility bill payment within 30 days of card issue.
- 10% off BookMyShow movie tickets, up to ₹100 a month, if you spent ₹25,000 in the previous 3 calendar months.
- A 1% fee applies to rent, and to education payments through third-party apps. A 1% fee also applies in a statement cycle if utilities reach ₹25,000, fuel ₹50,000, wallet loads ₹10,000 or online skill gaming ₹10,000.
What the Axis Bank Neo Credit Card gives back in a year
Say you spend ₹30,000 a month, like our “online shopper” pattern. Worked out with the same maths as the calculator above.
| Spending | A month | Back | A year |
|---|---|---|---|
| Groceries | ₹3,000 | 0.1% | ₹36 |
| Dining and food delivery | ₹2,000 | 0.1% | ₹24 |
| Online shopping | ₹18,000 | 0.1% | ₹216 |
| Travel | ₹1,000 | 0.1% | ₹12 |
| Fuel | ₹1,000 | 0% | ₹0 |
| Bills and utilities | ₹2,000 | 0% | ₹0 |
| Everything else | ₹3,000 | 0.1% | ₹36 |
| Total | ₹30,000 | ₹324 | |
| Renewal fee with GST | −₹295 | ||
| You keep | ₹29* |
Axis Bank Neo Credit Card annual fee and charges
- Joining fee
- ₹250
- Annual fee
- ₹250
- Foreign currency markup
- 3.5%
The joining fee is ₹250. The annual fee is nil in the first year and ₹250 from the second year. Axis Bank says the card is lifetime free through select channels. Fees are before GST. A 1% fuel transaction surcharge applies.
Axis Bank Neo Credit Card eligibility
- Age
- 18 to 70
Applicants must be residents of India or Non-Resident Indians. Axis Bank's page gives no income figure, and it says the criteria are only indicative.
The bank alone decides approval and your credit limit.
Axis Bank Neo Credit Card lounge access
The bank's terms list no fixed number of free airport lounge visits on this card.
Axis Bank's lounge programme does not list this card.
Is the Axis Bank Neo Credit Card right for you?
A card with a ₹250 yearly fee, paying a below-average 0.1% on most spends.
Worth its fee if you spend about ₹28,000 a month or more. Below that, the ₹250 fee costs more than the card gives back on spending like the example above.
Good for you if
- It is your first credit card: the terms are simple and the fee is low or nil.
Not for you if
- Your rewards would not reach ₹295 a year: that is the renewal fee with GST, and spending does not waive it.
- Much of your spending is on bills and utilities: this earns no rewards.
Check the latest fees and terms on the bank's page before you apply.
Alternatives to Axis Bank Neo Credit Card
Two similar cards to weigh up before you apply. The last column shows what each may be worth on ₹30,000 a month of mixed spending, after the renewal fee with GST. Rates paid only at named brands are not counted, so a brand card can earn more if you shop there.
| Card | Annual fee | Rewards up to | You keep a year |
|---|---|---|---|
| Axis Bank Neo Credit Card | ₹250 | 0.1% | -₹7* |
| SimplySAVE SBI Card | ₹499 | 1.67% | ₹2,163* |
| IDFC FIRST Classic Credit Card | Free | 1.25% | ₹1,755* |
If most of your spending looks like the example above, the SimplySAVE SBI Card may suit you better: it would leave you ₹1,483 a year, against ₹29 with the Axis Bank Neo Credit Card.
*Estimate only, not a promise. We work it out from the bank's published terms and the spending you enter. What you actually get depends on the bank, your transactions and any change in its terms.
Frequently asked questions
What is the annual fee of the Axis Bank Neo Credit Card?
The joining fee is ₹250. The annual fee is nil in the first year and ₹250 from the second year, before GST.
Is the Axis Bank Neo Credit Card lifetime free?
Axis Bank says it is lifetime free through select channels. The standard fees are ₹250 to join and ₹250 a year from the second year.
How many reward points does the Axis Neo Credit Card give?
It gives 1 EDGE Reward point per ₹200 spent. Utilities, insurance, rent, wallet, government, gold and jewellery, and fuel earn no points.
Does the Axis Neo Credit Card give lounge access?
No. Axis Bank's lounge programme does not list this card.
What is the eligibility for the Axis Neo Credit Card?
The primary cardholder must be 18 to 70 years old and be a resident of India or a Non-Resident Indian. Axis Bank says the criteria are only indicative.