Axis Bank Neo Credit Card
The Axis Bank Neo Credit Card offers flat-rupee capped discounts on a small set of platforms rather than a percentage cashback rate.
RuPay UPI Scan & Pay Fit Score
88/100
Joining Fee
₹250
Annual Fee
₹250
Reward Rate (%)
0.5
Forex Markup
3.5%
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CardCheck Rating & Score
Our proprietary algorithm evaluates cards across reward value, fee fairness, lounge access and terms to provide an unbiased score.
Reward Power
15/35
Fee Value & ROI
22/25
Lounge & Perks
4/20
Forex & Access
12/20
Category Strengths Breakdown
Ranked by strongest spend categoryScoring Methodology: Evaluated deterministically using verified bank MITC filings, fee waiver spend ratios, reward percentage caps, and lounge agreements. No card receives sponsored score inflation. Learn how we score →
Axis Bank Neo Credit Card Benefits
Axis Bank Neo Credit Card Rewards
How you earn back on every swipe
points
Reward type
0.5%
Earn rate
0.5
Points / ₹100
Axis Bank Neo Credit Card Fees & Charges
Programme fees we track below. Interest on cash withdrawals or revolving balances, late-payment slabs and other statutory charges are detailed in the official Most Important Terms and Conditions (MITC).
Things to Keep in Mind
- All category benefits are hard-capped — total max cashback/discount ~₹790/month if all caps hit
- Zomato discount requires coupon code 'AXISNEO'; Paytm discount also requires same code
- Blinkit and BookMyShow caps are once-per-month each
- 1 EDGE REWARD point per ₹200 is very low value (~₹0.50/₹200 = 0.25%)
- No cashback on fuel, EMI, wallet loading, rent, utilities as base spend
- Finance charges 3.75%/month (55.55% p.a.) if balance not paid in full — very high APR
- No lounge access
Card Features
Annual Fee: ₹250
This card carries a fixed annual fee of ₹250. At ~0.5% estimated return, spending approximately ₹4,167/mo earns enough rewards to fully offset the annual fee.
Tips & reviews
Community comments — not financial advice. Bank terms still apply.
Axis Bank Neo Credit Card Eligibility
Employment type
Pros & Cons
- Good beginner-friendly lifetime free card
- Useful discounts on food delivery and groceries
- Strong value for Zomato and Blinkit users
- Low-maintenance card with simple offer-based benefits
- Good entertainment and utility payment offers
- No annual fee for many users
- Easy approval for first-time credit card users
- Very limited rewards structure compared to cashback cards
- Benefits depend heavily on partner offers
- No airport lounge access
- Low long-term value for high spenders
- Forex markup is high for international usage
- Offer caps reduce actual savings potential
- Few premium travel or lifestyle benefits
Who is this card for?
Users who specifically spend on Zomato (twice/month ≥₹499), Blinkit (≥₹750/month), and utility bills via Paytm — and will hit the caps consistently. If your spend is more general, a flat-cashback card like Axis ACE or CASHBACK SBI will likely return more. Not suitable for international spends (3.5% forex) or users who carry a balance (55.55% p.a. APR).
Quick Links
Data last updated 12 Aug 2026
Calculate your exact earnings with Axis Bank Neo Credit Card
Enter your monthly spending in groceries, dining, fuel, travel, and shopping to calculate your estimated net return after fees, reward caps and exclusions.
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