Axis Bank Neo Credit Card
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Axis Bank

Axis Bank Neo Credit Card

RuPay
Regular

Your rating

Community rating

Best for Ultra-low fee beginners card — flat-rupee capped discounts on Zomato, Blinkit, Paytm utilities, BMS

Joining Fee

₹250

Annual Fee

₹250

Reward Rate

0.5%

Forex Markup

3.5%

Apply may use an affiliate link — we may earn a commission; this doesn't affect our data or ratings.

Key Benefits

Flat ₹120 off on Zomato per order (twice/month, min ₹499) — max ₹240/month
5% off utility bills via Paytm — capped ₹150/month (min ₹299)
10% off on Blinkit — capped ₹250/month (min ₹750, once/month)
10% off on BookMyShow movies — capped ₹100/month
₹150 off on Myntra on selected styles (min ₹999, per bank T&Cs)
1 EDGE REWARD point per ₹200 on all other eligible spends (~0.25% base)
Activation: ₹300 cashback on first utility bill within 30 days (Year 1)
Annual fee ₹250 (waived on ₹50,000 spend / Lifetime Free via select channels)
1% fuel surcharge

Rewards

How you earn back on every swipe

points

Reward type

0.5%

Earn rate

0.5

Points / ₹100

Fees & Charges

Programme fees we track below. Interest on cash withdrawals or revolving balances, late-payment slabs and other charges are set by the bank and spelled out in their Most Important Terms and Conditions (MITC). Use the official product page for those details.

Joining fee₹250
Annual fee₹250
Interest rate (APR)55.55%
Late payment fee (max)₹1,200
Cash advance fee2.5% (min ₹500)
Over-limit fee2.5%
Forex markup3.5%
Fuel surcharge waiverYes

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

Metal Card
Contactless
UPI Linked

Tips & reviews

Community comments — not financial advice. Bank terms still apply.

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Eligibility

Age18+ yrs – 70

Employment type

SalariedSelf employed

Pros & Cons

Pros
  • 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
Cons
  • 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

View on bank website

Data last updated 3 Apr 2026

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