Axis Bank Neo Credit Card

(2.8/5)
From:
Power By:
Axis Bank Neo Credit Card is an entry level credit card from Axis Bank and is ideal for bachelors or small family with low expenditure. This credit card provides attractive discount offers on some very popular e-commerce merchants like Zomato, Eazydiner, BookMyShow, Blinkit etc. along with discount on utility bills. However, the regular reward rate on this credit card is very low. So, this credit card is mostly useful for shopping on these partner sites/apps or for Axis Bank’s instant discount offers which appears occasionally on online and offline merchants. This card has very low eligibility criteria and easy approval. So, people who are starting their credit card journey or those who cannot fulfill high income criteria, can apply this credit card. Under a limited time offer, the card is being offered as Lifetime Free. That means, if you apply for this credit card now, you will never be charged joining and renewal fees. Since it’s a limited time offer, after entering your details of the credit card application page, it will show you the Joining Fee and Renewal Fee. if both are Zero, then it confirms that you would be getting the credit card as Lifetime Free. In this way, make sure you check the fee at the time of applying this credit card.

Features and Benefits

Features and benefits available in this credit card

Cashback
Reward Points
Airmiles
Airport Lounge
Utility Bills
Insurance
NPS
Education
Government Payment
Fuel
Rent
Giftcards
Jewellery
Wallet Load
Rewards on EMI
Welcome Bonus
Travel
Dining
Shopping
Interest

Joining and Renewal Benefits

Joining Benefits

100 % instant cashback upto Rs.300 on first utility bill payment within 30 days of card issuance. This is applicable to both paid and lifetime free cards.

Renewal Benefis

No renewal benefit

Cashback and Rewards

  • 40% instant discount upto Rs.120 per order on food delivery app Zomato, on minimum order of Rs.200. This discount is provided twice in a month.

  • Discount on Restaurant Payment through Eazydiner App: 15% Discount upto Rs.500 on Minimum Order of Rs.2,500. Discount available once in a month.
  • 10% discount upto Rs.250 per month on the grocery purchase through Blinkit app. Minimum order value – Rs.750. Discount available only once in a month.

  • 10% discount upto Rs.100 per month on the tickets purchased through BookMyShow.
  • 5% instant discount upto Rs.150 on mobile recharge, mobile postpaid bill, DTH recharge and broadband internet bill payments via Paytm. Minimum Transaction Value – Rs. 299. Discount available only once in a month.

  • 1 Edge Reward Point on every Rs.200 spend (0.10% Valueback). Reward points redeemable on products and brand vouchers on Axis Bank’s rewards catalogue (www.edgerewards.axisbank.co.in).

Fuel Surcharge Waiver

1% fuel surcharge waiver is applicable on transactions between Rs.400 and Rs.4000. Maximum fuel surcharge waiver Rs.100 per month

Forex mark-up Fee

4.13% including GST

Reward Redemption

Reward points of Axis My Zone Credit Card can be redeemed in following ways.

  • To purchase merchandise and brand vouchers from Axis Rewards Catalogue. Value of 1 Reward Point = Rs.0.20
  • To convert the points into Airmiles or Hotel Loyalty Program Points. Click here for more details about the Axis Bank’s Airmiles Transfer Program. Conversion Rates are following
    • Vistara, ITC, SpiceJet, Air Asia = 10 EDGE REWARD Points = 1 Partner Point
    • Other Partners: 20 EDGE REWARD Points = 1 Partner Point
  • Reward Redemption Fee
    • Rs.117 including GST on every redemption against reward catalogue
    • Rs.235 including GST on every redemption against airmiles

Fee and Charges

Think of these as small investments to keep your credit card running smoothly.

Joining fee
(INR including GST)
₹ 295
Renewal fee
(INR including GST)
₹ 295
Annual Spend Target
for Renewal Fee Waiver (INR)
₹ 9999999

Pros

Aspects that make this credit card amazing.

  • Attractive discounts on Zomato and Eazydiner Apps
  • Good discount on utility bills considering its an entry level card
  • Eligible for instant discount offers of Axis Bank which are quite frequent
  • Eligible for additional offers and cashback through Axis Bank’s GrabDeals portal (http://grabdeals.axisbank.com)
  • Easy approval and low eligibility criteria

Cons

Aspects this credit card lacks.

  • Very low reward rate on regular spend

Spend Categories with No Cashback / Rewards

No reward points on spend on following

  • Utilities

  • Educational Services

  • Insurance

  • Government Institutions

  • Wallet

  • Rent

  • Fuel

Add-on Cards

Currently, Axis Bank in not issuing Add-on credit cards to new customers.

Eligibility Criteria

  • Age: 18 years to 70 years
  • Resident of India or Non-resident India
  • Income: Rs.20,000 net in-hand salary per month or ITR of Rs.2.4 Lacs (not an officially declared criteria but based on past approval of the card)

Upcoming Changes

Click here for upcoming changes

Rating & Reviews

Rating & Reviews

(2.8/5)

This is the truth, the whole truth, and nothing but the truth; brought to you SpendWisely backed by its expertise and expertise in the area of credit cards

Reward Value
(1)
Lifestyle Benefits
(3)
Ease of Reward Redemption
(3)
Value for Money
(4)
Customer Service
(3)

Axis Bank’s Neo Credit Card is a decent entry-level lifestyle and utility bills credit card that provides good discounts on popular apps like Blinkit for groceries, Zomato for food delivery, Eazydiner for restaurant payments, as well as utility bill payments. These are common expenses for urban households. However, the cashback limits are relatively low, making this card more suitable for bachelors, singles, or small families with lower spending. Additionally, the card has very low eligibility criteria, making it a good choice for someone just starting their career or for those who don’t meet the income requirements for higher-tier credit cards. It can also be useful for people who primarily use other banks’ credit cards but want an Axis Bank credit card for its exclusive offers.

This card may also benefit those who use another bank’s credit card as their primary card but need an Axis Bank credit card to take advantage of Axis Bank’s instant discount offers.

 

Domestic Airport Lounge Access

Not Available

International Airport Lounge Access

Not Available

Airport Spa Access

Not Available

Airport Meet & Greet Service

Not Available

Railway Lounge

Not Available

Movie Tickets

Not Available

Dining Benefit

Not Available

Golf

Not Available

Facebook
Twitter
LinkedIn
WhatsApp