Axis Bank Neo Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
Axis Bank Neo Credit Card
Bank Name :
Axis Bank
Type :
Rewards Credit Card
Interest Rate :
3.4% Per Month (49.36% Per Annum).
Eligibility :
Primary cardholder should be between the age of 18 and 70 years.
Add-on cardholder should be over 15 years.
The individual should either be a Resident of India or a Non-Resident Indian"
Pros
Welcome Benefits: Get an Amazon gift voucher worth Rs. 250. Zomato Voucher worth Rs. 200. Blinkit voucher worth Rs. 250. Pharmeasy 6-month subscription on 1st spend with your Axis Bank Neo Credit Card within 30 days of issuance.
Rewards: Get 40% off on food delivery at Zomato (Maximum discount is capped at Rs. 120 per
order & offer applicable on minimum spends of Rs. 200), 5% off on mobile recharges/electricity bill payments/DTH recharge done through Amazon Pay, and 10% off on Blinkit – Up to Rs. 250 off on min spends of Rs. 750, valid once per month.10% off every time you shop at Myntra on a minimum purchase value of Rs. 500.
10% off on every purchase of movie ticket on BookMyShow with maximum monthly benefits
up to Rs. 100.
Cons
Extremely low cashback rate.
All cashback offers are limited.
No free air lounge visits.
No free movie tickets.
Pros & Cons
Welcome Benefits
Welcome Benefits: Get Amazon gift voucher worth Rs. 250. Zomato Voucher worth Rs. 200. Blinkit voucher worth Rs. 250. Pharmeasy 6 months subscription on 1st spend with your Axis Bank Neo Credit Card within 30 days of issuance.
Rewards System
Value of 1 point: INR 0.2. Cashback rate: 0.1%.
Reward System: Earn half a reward point per INR 100 spent using your Neo Credit Card.
International Forex Markup
3.5%.
Welcome Benefits and Reward System
Special Features
None.
Eligibility Criteria
Primary cardholder should be between the age of 18 and 70 years.
Add-on cardholder should be over 15 years.
The individual should either be a Resident of India or a Non-Resident Indian"
Benefits
Welcome benefits: You will get a welcome benefit of INR 500 Amazon gift voucher, Blinkit gift voucher, subscription from Zomato Pro,1mg and discounts on Zomato, Blinkit, Amazon Pay, Myntra and BookMyShow.
Rewards: You can earn 1 EDGE Reward Point for every INR 200 spent on the card. These points can be redeemed for a variety of rewards, such as gift cards, merchandise, and travel vouchers.
Discounts: You can get discounts on a variety of merchants, including Amazon, BookMyShow, Myntra, Paytm, and more.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
You can apply for the Axis Bank Neo Credit Card online through the Axis Bank website or through a mobile app. Here are the steps involved:
Go to the Axis Bank website or open the Axis Bank mobile app.
Click on the "Credit Cards" tab.
Select the "Neo Credit Card" option.
Click on the "Apply Now" button.
Fill out the application form and upload the required documents.
Submit the application form.
The required documents for the Axis Bank Neo Credit Card application are:
A copy of your PAN card or Form 60.
Residence proof.
Identity proof.
A colour photograph.
Proof of income in the form of latest payslip / Form 16 / IT return copy.
Axis Bank will review your application and will let you know the status of your application within a few days. If your application is approved, you will receive the credit card within a few weeks.
Contact Details
1868 419 5555 & 1860 500 5555.
Account Opening and Procedure
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Welcome Benefits: Get an Amazon gift voucher worth Rs. 250. Zomato Voucher worth Rs. 200. Blinkit voucher worth Rs. 250. Pharmeasy 6-month subscription on 1st spend with your Axis Bank Neo Credit Card within 30 days of issuance.
Rewards: Get 40% off on food delivery at Zomato (Maximum discount is capped at Rs. 120 per
order & offer applicable on minimum spends of Rs. 200), 5% off on mobile recharges/electricity bill payments/DTH recharge done through Amazon Pay, and 10% off on Blinkit – Up to Rs. 250 off on min spends of Rs. 750, valid once per month.10% off every time you shop at Myntra on a minimum purchase value of Rs. 500.
10% off on every purchase of movie ticket on BookMyShow with maximum monthly benefits
up to Rs. 100.
Extremely low cashback rate.
All cashback offers are limited.
No free air lounge visits.
No free movie tickets.
Axis Bank Neo Credit Card
Axis Bank Neo Credit Card offers a number of cashback offers, however, most of them can be used once or twice per month. It is important that the user reads the fine print before purchasing this card. The biggest flaw with this card is that it has a very low cashback rate.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining fee: INR 250.
Annual fee: INR 250.
Cash Payment Fee: INR 100.
Cash Withdrawal Fees: 2.5% (Min. Rs. 500) of the cash amount.
Late payment fee: charged depending on the customer’s Total amount due; ranges from Rs. 0 - 1200.
Interest Rate: 3.4% Per Month (49.36% Per Annum).
Forex Rate: 3.5%.
Fuel Surcharge
1%. No waiver offered.
Billing Cycle
30 Days.