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.
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, and 10% off on Blinkit, Myntra, and movie tickets. You can earn two EDGE REWARD points 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
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