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Axis Bank Neo Credit Card

Axis Bank Neo credit card is a entry-level retail card offering from the Bank that carries some attractive benefits and offers. For a limited time, the Axis Bank is offering Neo credit card as lifetime free if you apply through select channels and a good activation bonus. Reward rate is low but the card offers nice savings on Zomato, Myntra, BlinkIt, BookMyShow and on utility payments, making it worth considering.

While the benefits are plenty, there are drawbacks and limits too. Check those in this review of Axis Bank Neo credit card.

Axis Bank Neo Credit Card review, benefits and limit

Axis Bank Neo Credit Card Overview

Card CategoryLifetime free, Entry-level
Joining FeeRs 250 (Currently Lifetime free Offer)
Annual Fee Rs 250 (Currently Lifetime free Offer)
Welcome Offer– Lifetime free
– 100% cashback up to Rs 300 on first utility bill payment within 30 days of card issuance
Best Features– 40% off on Zomato, 10% off on Myntra, BlinkIt, BookMyShow
– 15% off on partner restaurants
– 5% off on utility bill payments

Details from Axis Bank

  • LIMITED TIME OFFER: Lifetime free if applied through select channels.
  • Activation Benefit: 100% cashback up to Rs 300 on first utility bill payment within first 30 days of card issuance.
  • Get 40% off on Zomato food delivery orders up to Rs 120 on MOV of Rs 200.
  • Get 5% off on utility bill payments (mobile recharges, broadband payment, DTH recharge) through Amazon Pay.
  • 10% off on BlinkIt, Myntra and BookMyShow.
  • Get up to 15% discount at partner restaurants with Axis Bank Dining Delights program.
  • Earn 1 EDGE reward point for every Rs 200 spent using the Neo credit card and redeem for 500+ offers.
  • Zero lost card liability.
  • Convert transactions above Rs 2,500 into EMIs.
  • Terms and conditions apply on offers.

Fees and Charges

Joining Fee

Rs 250. Lifetime free offer ongoing if applied through select channels*

Annual Fee

Rs 250. Lifetime free offer ongoing if applied through select channels*

Finance Charges

3.6% per month (52.86% per annum)

Foreign Transaction Fee

3.50% of the transaction value.

Cash Advance Fee

2.5% (minimum Rs 500) of the cash amount.

Late Payment Fee

If total due payment is:

Less than Rs 500- Nil
Between Rs 501 to Rs 5,000 – Rs 500
Between Rs 5,001 to Rs 10,000- Rs 750
Greater than Rs 10,000- Rs 1,200

Over Limit Penalty

2.5% of the overlimit amount (minimum Rs 500)

Rent Transaction Fee

1% of the transaction amount (maximum Rs 1,500) + GST

Add-on Card fee


Card Replacement Fee


See full rates and fees.

Axis Bank Neo Credit Card Benefits & Features

Lifetime Free Offer

The joining fee is Rs 250 and annual fee is same but the Axis Bank if running a limited time lifetime free offer if you apply through select promotions its website or mobile application.

Activation Benefit

Get 100% cashback up to Rs 300 on first utility bill payment within first 30 days of the card issuance.

40% off on Zomato

Get 40% on food delivery at Zomato up to Rs 120 per order on minimum spend of Rs 200. You can avail this offer twice a month by using coupon code AXISNEO. Note that the offer is not applicable on free delivery offer on restaurants.

If you use Zomato frequently and minimum twice a month, you can save up to Rs 240 per month and Rs 2,880 annually with Neo credit card.

5% off on Utility bill payments

You can save up to 5% on mobile recharges, broadband payment and DTH recharges if done through Amazon Pay. You can avail this offer once a month for a maximum discount of Rs 150 per month.

10% Off on BlinkIt, Myntra & BookMyShow

  • BlinkIt: Get 10% off up to Rs 250 on minimum spends of Rs 750. The offer can be availed once a month.
  • Myntra: Get 10% off on minimum order value of Rs 500. There is no monthly usage limit. You can avail this offer as many times as you want.
  • BookMyShow: Get 10% off every transaction when you purchase movie tickets through BookMyShow. You can avail this offer any number of times but the maximum monthly benefit limit is capped at Rs 100.

Dining Offer

Get 15% off up to Rs 500 against a minimum order value of Rs 1,500 when you dine-in at partner restaurants. Check Axis Bank Dining Delights program for restaurant offers. This offer can be availed twice per month for a maximum benefit of Rs 1,000 per month.

Zero Lost Card Liability

Report your card as misplaced or stolen immediately by calling the Axis Bank and you are protected against any fraudulent use of your card from the moment the loss is reported.


The card earns you 1 reward points on every Rs 200 spent. 1 reward point is worth Rs 0.20 (20 paisa). No reward points are earned on fuel, rent, utilities, government institutions and educational services payments. The reward rate is lower than that offered on Axis Bank My Zone credit card, another offering from the Axis Bank in this segment.

Rewards redemption

You can redeem the earned reward points at Axis Bank’s reward catalogue to make purchases or gifts for a wide variety of products.

Axis Bank Neo Credit Card: Drawbacks and Considerations

Low reward rate

The key benefits of the Neo credit card lie in its merchant offers. The reward rate for everyday spending is very low, nearly 0.12%.

Benefits limited to merchant offers

The card is designed to encourage spending on merchant offers or make the most of it. It doesn’t offer any benefits in travel category and no lounge access etc. And there’s no fuel surcharge waiver. 1% fuel surcharge waiver is norm on most of the cards that carry a joining or renewal fee.

Should You get Axis Bank Neo credit card?

The card is ideal for someone who frequently uses Zomato, Myntra, BlinkIt, BookMyShow, expects discounts on utility payments and dines out. The combined savings from these offers makes it worthwhile. Add to these the Lifetime free offer, and it almost becomes a useful entry-level card to have.

However, if you expect better rewards, cashbacks, fuel and travel benefits, or intend to use the card internationally, then you should look at other cards.

How to Apply for Axis Bank Neo Credit Card?

It’s better to apply online through the Axis Bank’s official website or its mobile application because of the limited time lifetime free offer. You can apply through the Axis Bank website even if you are not an existing customer and you do not need to open a new account with the Bank to get the card.

You can check the eligibility and required documents here. Basic eligibility criteria is age bracket of 18-70 years, and being Indian/NRI. Other than that, it’s recommended to have a credit score of 700+, salaried or annual ITR of approx. 6+ Lakh for self-employed professionals to improve approval odds. Note that the right to approve rests solely with the Axis Bank even if you fulfil all the criteria.

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