Axis Bank Neo Credit Card

The Axis Bank Neo Credit Card is a lifestyle-focused credit card designed for the modern consumer who values rewards and savings. Positioned as a lifetime free credit card, it offers cashback and discounts on popular platforms like Zomato, Blinkit, BookMyShow, Myntra, and Paytm. With robust security features, easy EMI conversion options, and EDGE REWARDS points on every transaction, the Neo Credit Card is an excellent choice for those seeking value without annual fees. The card is equipped with contactless technology and comes with zero lost card liability for added peace of mind. Whether you’re ordering food, watching movies, shopping online, or paying utility bills, the Neo Credit Card delivers consistent savings and convenience.

Axis Bank Neo Credit Card

Joining Fees	₹250
Annual Fees	NIL
Card Type	Cashback, Rewards
Network Type	Visa

Rewards & Benifits

Rewards & Benefits

Activation Benefit: 100% cashback up to ₹300 on first utility bill payment within 30 days of card issuance
₹120 off on Zomato food delivery (minimum spend ₹499, twice per month)
5% off on mobile recharges, broadband & DTH via Paytm (max ₹150/month on minimum spend of ₹299)
10% off on Blinkit grocery orders (up to ₹250 on minimum spend of ₹750, once per month)
10% off on movie tickets via BookMyShow (max ₹100/month)
₹150 off on Myntra on minimum spend of ₹999 (selected styles only)
Earn 1 EDGE REWARDS point for every ₹200 spent
Wednesday Delights: Up to 15% savings on flights & hotels via MakeMyTrip, 10% off on Swiggy orders, 10% off up to ₹1000 on Tira
Dining Delights Program: Exceptional dining offers at top restaurants across India
Zero Lost Card Liability from the moment the loss is reported
EMV chip & PIN technology for secure transactions

Fees & Charges

Joining Fee: ₹250 (Lifetime Free for select channels)
Annual Fee (2nd Year onwards): ₹250 (Lifetime Free for select channels)
Add-on Card: Nil joining and annual fees
Finance Charges: 3.75% per month (55.55% per annum) on retail purchases and cash
Cash Withdrawal Fee: 2.5% of cash amount (minimum ₹500)
Late Payment Fee: Nil if Total Payment Due is less than ₹500; ₹500 (₹501-₹5,000); ₹750 (₹5,001-₹10,000); ₹1,200 (above ₹10,000)
Over Limit Penalty: 2.5% of over-limit amount (minimum ₹500)
Foreign Currency Transaction Fee: 3.50% of transaction value
Fuel Transaction Fee: 1% on cumulative spends of ₹50,000 or more per statement cycle
Rent Transaction Fee: 1% per transaction
Utility Transaction Fee: 1% on cumulative spends of ₹25,000 or more per statement cycle
Wallet Load Transaction Fee: 1% on cumulative spends of ₹10,000 or more per statement cycle
Education Payment Charges: 1% per transaction via third-party apps
Dynamic Currency Conversion Markup: 1.5% plus taxes
GST: As per existing Government norms

Card Details

Product Details

Card is available on RuPay and Visa networks
Contactless payment enabled for quick tap-and-pay transactions
EMV chip and PIN technology for enhanced security
Convert purchases above ₹1,500 to EMI through Internet Banking, Mobile App, or Customer Service
EDGE REWARDS points can be redeemed for 500+ rewards and offers
Zero Lost Card Liability: Protected against fraudulent use from the moment loss is reported
Milestone-based rewards and benefits on spending
Complimentary duplicate statement and balance enquiry
SMS alerts for transactions are free

Pros & Cons

Pros

Lifetime free for select channels with no joining or annual fees
Generous activation benefit: 100% cashback up to ₹300 on first utility payment
Consistent savings on popular platforms like Zomato, Blinkit, BookMyShow, Paytm, and Myntra
EDGE REWARDS points on every transaction
Zero Lost Card Liability for peace of mind
Contactless payment and EMV chip for secure transactions
Wednesday Delights and Dining Delights programs add extra value
Easy EMI conversion on purchases above ₹1,500

Cons

Joining and annual fees of ₹250 for non-select channels
High finance charges at 3.75% per month (55.55% per annum)
Cash withdrawal fee of 2.5% (minimum ₹500) is relatively high
Foreign currency transaction fee of 3.50% may be higher than some competitors
Transaction fees apply on rent, utilities, fuel, and wallet loads beyond certain thresholds
Late payment fees can escalate quickly for higher outstanding amounts
EDGE REWARDS earning rate (1 point per ₹200) is modest compared to premium cards

ELIGIBILITY CRITERIA

Age Requirement: Primary cardholder should be between 18 to 70 years of age. Add-on cardholder should be over 18 years.

Residency: The applicant must be either a Resident of India or a Non-Resident Indian (NRI).

Income: Not specified on the official page.

Credit Score: Not specified on the official page.

Employment: Not specified on the official page.

Existing Relationship with Bank: Not specified on the official page.

Note: The above criteria are only indicative. The bank reserves the right to approve or decline applications for credit card.

WELCOME BENEFITS

Activation Benefit: 100% cashback up to ₹300 on the first utility bill payment made within the first 30 days of card issuance (applicable for first year only).

Note: This is the only welcome/joining benefit explicitly mentioned on the official page. Other benefits are ongoing rewards, not one-time welcome benefits.

CARD REVIEW

The Axis Bank Neo Credit Card is an excellent choice for everyday spenders who frequently use platforms like Zomato, Blinkit, BookMyShow, Paytm, and Myntra. With its lifetime free structure for select channels and generous discounts on popular services, cardholders can save up to ₹10,000 annually. The activation benefit of ₹300 cashback adds immediate value. However, the card’s finance charges and cash withdrawal fees are steep, making it unsuitable for those who carry balances or withdraw cash frequently. The EDGE REWARDS earning rate is modest but acceptable for a no-annual-fee card. Overall, it’s a solid value-for-money card for disciplined users who pay their bills in full and regularly use partner platforms. However, users should be mindful of transaction fees on rent, utilities, and wallet loads.

Platform

Platform Overview

Skara Financial Services

Personal Loan

Home Loan

Business Loan

Vehicle Loan

Axis Bank Neo Credit Card