Axis Bank Neo Credit Card – Benefits, Fees & Eligibility

Introduction

The Axis Bank Neo Credit Card is an entry-level credit card from Axis Bank, designed for individuals looking to build their credit history while enjoying savings on everyday online spending. It stands out with its focus on providing discounts across popular brands like BookMyShow, Blinkit, Zomato, and Paytm, along with rotating monthly offers. Additionally, it offers a 1% fuel surcharge waiver and is available in a RuPay variant, enabling UPI payments.

Welcome Benefits

• 100% cashback up to ₹300 on the first utility bill payment made on Paytm within 30 days of card setup. This is a one-time offer applicable on eligible utility bill payments under specific merchant category codes (MCCs 4814, 4812, 4899, and 4900). The cashback is credited within 5 days of the eligible transaction.

Fees

• Joining Fee: ₹250. Lifetime Free for select channels (Limited Time Only).
• Annual Fee: 1st Year: Nil. 2nd Year onwards: ₹250. Lifetime Free for select channels (Limited Time Only).
• Add-on Card Joining Fee: Nil
• Add-on Card Annual Fee: Nil
• Card Replacement Fee: Nil
• Cash Payment Fee: ₹175
• Duplicate Statement Fee: Waived
• Charge Slip Retrieval Fee or Copy Request Fee: Waived
• Outstation Cheque Fee: Waived
• Mobile Alerts for Transactions: Free
• Hotlisting Charges: Nil
• Balance Enquiry Charges: Waived
• Finance Charges (Retail Purchases & Cash): 3.75% per month (55.55% per annum)
• Cash Advance Charges: 2.5% of the withdrawn amount, subject to a minimum of ₹500
• Overdue Penalty or Late Payment Fee:
  • Nil if Total Payment Due is less than ₹500
  • ₹500 if total payment due is between ₹501 - ₹5,000
  • ₹750 if total payment due is between ₹5,001 - ₹10,000
  • ₹1200 if total payment due is greater than ₹10,000
  • An additional ₹100 charge will be levied if the 'Minimum Amount Due (MAD)' is not paid for two consecutive cycles and will apply until the MAD is cleared.
• Over Limit Penalty: 2.5% of over the limit amount (Min. ₹500)
• Cheque return or dishonour Fee or Auto-debit Reversal: 2% of the payment amount subject to Min. ₹500
• Surcharge on purchase or cancellation of Railway Tickets: As prescribed by IRCTC/Indian Railways
• Foreign Currency Transaction Fee: 3.50% of the transaction value
• GST: As per existing Government norms
• Rewards Redemption Fee: ₹99 + GST
• Rent Transaction Fee: 1% fee per transaction will be applicable on each rental transaction. Taxes will be applicable as notified by Government of India.
• Dynamic Currency Conversion Markup: 1.5% plus taxes will be applicable for each International transaction performed in Indian currency at International location or transactions performed in Indian currency with merchants located in Indian but registered in foreign nation.
• Fuel Transaction Surcharge: 1% of transaction amount
• Education Payment Charges: 1% fee per transaction will be applicable on education payments made via third party apps
• Wallet Load Transaction Fee: 1% fee will be applicable on cumulative spends of ₹10,000 or more on wallet loads per statement cycle
• Fuel Transaction Fee: 1% fee will be applicable on cumulative spends of ₹50,000 or more on fuel transactions per statement cycle
• Utility Transaction Fee: 1% fee will be applicable on cumulative spends of ₹25,000 or more on utilities per statement cycle
• Online Skill-Based Gaming Transaction Fee: 1% fee will be applicable on cumulative spends of ₹10,000 or more on online skill-based gaming platforms in a statement cycle

Rewards

• Reward Rate: Earn 1 EDGE REWARD Point for every ₹200 spent on all eligible transactions (Reward Rate 0.10%).
• No Reward Points: No reward points are earned on fuel, utilities, insurance, EMI, wallet reloads, rent, government, and education transactions.
• Zomato Offer: Get ₹120 off on food delivery orders of ₹499 or more, twice every month. Use coupon code ‘AXISNEO’. Maximum discount is capped at ₹120 per order. (Effective from 1st July 2025).
• Paytm Utility Bill Payments: 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, once every month. Use coupon code AXISNEO.
• Blinkit Offer: Get 10% off on Blinkit (up to ₹250) on a minimum order value of ₹750, once every month.
• BookMyShow Offer: Avail 10% off on movie ticket bookings, with a maximum discount of ₹100 per month.
• Myntra Offer: Get ₹150 off on Myntra on minimum spends of ₹999 on selected styles (Valid till 31st March 2026).
• Dining Delights: Enjoy 15% discount at select partner restaurants across India with the Axis Bank Dining Delights Program (Valid till 30th July 2026).
• Fuel Surcharge Waiver: Get a 1% fuel surcharge waiver at all petrol pumps across India on transactions between ₹400 – ₹4,000. The maximum benefit through fuel surcharge waiver is capped at ₹400 per month.
• Travel Benefits on Cleartrip:
  • Flat 7% discount (up to ₹2,000) on domestic and international flight bookings, applicable once per month.
  • Flat 18% discount (up to ₹4,000) on hotel bookings, applicable once per month.
  • Use code ‘CTAXISNEO’.
• Wednesday Delight Offers:
  • Instant savings of up to 15% on flights & hotels via MakeMyTrip.
  • 10% off on orders via Swiggy.
  • 10% off up to ₹1000 on Tira.

Rewards Redemption Guide

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

Card Eligibility Criteria

• Age: The applicant’s age should be between 18 and 70 years.
• Residency: The applicant should be a resident of India or a Non-Resident Indian.
• Income: The applicant should have a stable source of income.
• Documents Required:
  • PAN card photocopy or Form 97 (or Form 16 for income proof).
  • Proof of income - Latest payslip / Form 16 / IT Return.
  • Residence proof - Driving License / Electricity Bill / Landline Telephone Bill.
• The above criteria are indicative, and the bank reserves the right to approve or decline applications.

Card Review

The Axis Bank Neo Credit Card is a basic entry-level credit card best suited for first-time credit card users or youngsters looking to build their credit history. While it offers a very poor reward rate of just 0.10% and lacks premium travel perks, lounge access, or insurance benefits, its value lies in brand-specific discounts. Cardholders can enjoy significant savings on everyday expenses through offers on platforms like Blinkit, Zomato, BookMyShow, and Paytm. Axis Bank also introduces limited-period offers on partner brands such as Myntra and Cleartrip, which can add to its overall value. If the primary goal is to enjoy discounts on popular online brands and manage daily expenses, this card can be useful. However, it is not recommended for those seeking high reward rates or luxury lifestyle benefits.

Important Product Details

• Earn 1 EDGE Reward Point for every ₹200 spent using the card.
• Redeem EDGE Reward Points against 500+ reward options.
• Get ₹120 off on Zomato food delivery orders of ₹499 or more, twice monthly.
• Enjoy 15% discount at select partner restaurants via Axis Dining Delights.
• Get 10% instant discount on Blinkit (up to ₹250 on min ₹750 order, once monthly).
• Avail 10% off on BookMyShow movie ticket bookings (max ₹100 per month).
• Get 5% off on utility bill payments via Paytm (up to ₹150 per month on transactions of ₹299+, once monthly).
• Avail a 1% fuel surcharge waiver at fuel stations across India on transactions between ₹400 and ₹4,000, capped at ₹400 per month.
• Security Features: All Axis Neo Credit Cards are equipped with an EMV certified chip and PIN system, significantly lowering the risk of counterfeit and skimming fraud.
• Zero Lost Card Liability: Cardholders are protected against any fraudulent use of their card from the moment the loss is reported by calling Axis Bank customer service.
• Convert Purchases to EMI: Substantial credit card expenditures exceeding ₹1,500 can be easily converted into EMIs using Internet Banking, the Mobile App, or Customer Service.
• UPI Spends: The Axis Bank Neo Credit Card is available in the RuPay variant, allowing it to be linked to UPI applications for mobile payments.
• Estimated Annual Benefits (Illustrative):
  • Activation Benefit (1st year only): ₹300
  • Food ordering at Zomato: ₹2,880
  • Utility Bill Payments via Paytm: ₹1,800
  • Grocery shopping at Blinkit: ₹3,000
  • Movie spends on BookMyShow: ₹1,200
  • Edge Rewards: ₹120
  • Total Benefit (Year 1): ₹9,300
  • Total Benefit (Year 2 onwards): ₹9,000
  • Annual Benefit as a % of spends: 10%

Other Details

• How to Apply: Applicants can apply for the Axis Bank Neo Credit Card online or offline by visiting a nearest Axis Bank branch with all required documents.
• Terms and Conditions: The terms and conditions of Axis Bank NEO Credit Card have been updated w.e.f. 20th June 2025.
• Credit Limit: The credit limit varies from person to person, determined after an assessment of the financial profile.