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Axis Bank Neo Credit Card

Product Details
Credit Card Name

Axis Bank Neo Credit Card

Bank Name

Axis Bank

Type

Rewards Credit Card

Interest Rate

3.6% p.m. (52. 86% p.a.)

Eligibility

Primary Cardholder: Must be between 18 and 70 years old.
Add-on Cardholder: Must be over 15 years old.
Resident Indian: The card is open to individuals residing in India.
While Axis Bank doesn't specify a minimum credit score, a good credit score (generally above 750) improves your chances of approval.

Axis Bank Neo Credit Card
Pros
  • Welcome Benefit: 100%cashback up to INR 300 on first utility bill payment within first 30 days of card issuance. 

  • Reward System: 40% off on Zomato, 5% off on utility bill payments through AmazonPay, 10% off on Blinkit, Myntra, and movie tickets.  You can earn one EDGE REWARD point for every Rs. 200 spent on this card. 

  • Other Benefits: Customers can receive a 15% discount at participating restaurants.

Cons
  • No lounge access programs are available 

  • Cashbacks are capped and are only available on a minimum-spending basis. 

  • Reward Redemption fees are levied upon the customers. 

  • No Fuel surcharge waiver is provided. 

  • Very low cashback Rate. 

Pros & Cons
Welcome Benefits

Welcome Benefit: 100%cashback up to INR 300 on first utility bill payment within first 30 days of card issuance. 

Rewards System
  • 40% off on Zomato, 5% off on utility bill payments through AmazonPay, 10% off on Blinkit, Myntra, and movie tickets.  You can earn one EDGE REWARD point for every Rs. 200 spent on this card. 

  • 1 EDGE Point = INR 0.20 

  • Effective Cashback Rate: 0.2% 

International Forex Markup

Foreign Currency Mark-up Fees: 3.5% of the transaction value

Welcome Benefits and Reward System
Special Features

40% off on Zomato Orders. 

Eligibility Criteria

Primary Cardholder: Must be between 18 and 70 years old.
Add-on Cardholder: Must be over 15 years old.
Resident Indian: The card is open to individuals residing in India.
While Axis Bank doesn't specify a minimum credit score, a good credit score (generally above 750) improves your chances of approval.

Benefits
  • Cashback on utility bill payments 

  • Dining discounts 

  • Grocery, Shopping, and Movie discounts 

  • Card Activation Benefit

Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Contact Details

1860 500 5555

Account Opening and Procedure
Axis Bank Neo Credit Card

The Axis Bank Neo Credit Card is a budget-friendly option targeted towards young adults and those new to credit cards. However, if you're a frequent traveler or someone who spends a lot and wants to maximize rewards, you might be better off considering other credit cards with higher reward rates or travel benefits.

Abhijeet Saxena

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 and Annual Fees: Lifetime free credit card 

  • Interest Rates: 3.6% p.m. (52. 86% p.a.) 

  • Cash Advance Charges: 2.5% (INR 500 whichever is higher) 

  • Late Payment Charges: Ranges from INR 500 to INR 1200

  • Foreign Currency Mark-up Fees: 3.5% of the transaction value 

Fuel Surcharge

1% of the transaction amount 

Billing Cycle

30 Days

Fees & Charges
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