Axis Bank Neo Credit Card

Axis Neo Features and Benefits

The Axis Bank Neo Credit Card is a basic card that is a great option for those who want to start their credit journey with an affordable card with decent rewards and benefits. The following are the detailed features and advantages of the card:

Welcome Benefits

Make your first utility bill payment on Paytm within 30 days of your card setup date using the Axis Bank Neo Credit Card and get 100% cashback of up to ₹300. This is a one-time welcome offer applicable on eligible utility bill payments under select merchant category codes (MCCs 4814, 4812, 4899, and 4900). The cashback will be credited within 5 days of the eligible transaction.

5% off on Utility Bill Payments With Paytm

• Get 5% off on mobile recharges, broadband bill payments, and DTH recharges made via Paytm.
• Enjoy a discount of up to ₹150 per month on transactions of ₹299 or more.
• This offer can be availed once every month.
• Use coupon code AXISNEO to claim the discount.

Benefits on Partnered Brands

• Get 10% off on Blinkit (up to ₹250) on a minimum order value of ₹750, once every month.
• Enjoy 15% discount at select partner restaurants across India.
• Get ₹120 off on Zomato food delivery orders of ₹499 or more, twice every month, using coupon code AXISNEO.
• Avail 10% off on BookMyShow movie ticket bookings, with a maximum discount of ₹100 per month.

UPI Spends

Since the Axis Bank Neo Credit Card is available in the RuPay variant, you can link it to your UPI application and make easy payments through your mobile phone.

Fuel Surcharge Waiver

• For all fuel transactions between ₹400 and ₹4,000, you get a 1% fuel surcharge waiver at all authorized fuel stations.
• The maximum benefit through fuel surcharge waiver is capped at ₹400 per month.

Axis Neo Credit Card Rewards

• Cardholders shall earn 1 EDGE REWARD Point on every ₹200 spent on this card. Even for a lifetime credit card, this card offers an alarming reward rate of just 0.10%.
• No reward points are earned on fuel, utilities, insurance, EMI, wallet reloads, rent, government, and education transactions.

Reward Redemption

• Your earned EDGE REWARD points can be easily redeemed for purchasing vouchers, mobile & accessories, home decor items, and many more exciting products.
• 1 EDGE Reward Point = ₹0.20.

Axis Bank Neo Credit Card Charges

The fees and charges associated with the Axis Bank Neo Credit Card are as follows:

• The interest rate on this credit card is 3.75% per month.
• The foreign currency markup fee on the Axis Bank Neo Card is 3.5% of the transaction amount.
• The cash advance fee on this card is 2.5% of the withdrawn amount, subject to a minimum of ₹500.

Axis Bank Neo Card Eligibility Criteria

Each credit card has different eligibility criteria that applicants must meet to be approved for that card. The basic eligibility for any credit card is determined by a few factors, including your age, income, and credit history. However, the card issuer may also have some internal criteria. The following are the basic eligibility criteria for the Axis Bank Neo Credit Card:

• The applicant’s age should be between 18 and 70 years.
• The applicant should have a stable source of income.
• The applicant should be a resident of India or a non-resident Indian.

How to Apply for Axis Bank Neo Credit Card?

You can apply for the Axis Bank Neo Credit Card online as well as offline at your convenience. To apply offline, visit your nearest Axis Bank branch with all required documents and complete the physical application form.

You can also apply for the Axis Bank Neo Credit Card online with Card Insider by clicking on the “Apply Now” button.

Axis Bank Neo Credit Card Review

The Axis Bank Neo Credit Card is a fairly basic entry-level credit card with a low reward earning rate. Over the years, multiple devaluations have further reduced its overall value, making it a poor choice for anyone looking to earn rewards on their spending. However, the card still manages to stay relevant because of its brand-specific offers on platforms like Blinkit, Zomato, BookMyShow, and Paytm, where cardholders can save on their everyday expenses.

If you’re expecting strong rewards or premium lifestyle benefits, this card is likely to disappoint.

But if your primary goal is to enjoy discounts on popular online brands, the Axis Neo Credit Card can still be useful. Axis Bank also introduces limited-period offers on partner brands such as Myntra, Cleartrip, and others from time to time, which can add to its value. Overall, this card is best suited for first-time credit card users or youngsters who want to start building their credit history while enjoying occasional savings on everyday purchases.