Axis Bank Neo Credit Card
Comprehensive review of Axis Bank Neo Credit Card by Axis Bank — fees, reward earning rates, airport lounge access, and key benefits.
Card overview
- Joining fee
Lifetime Free (Limited Time Only)
- Annual fee
Lifetime Free (Limited Time Only)
- Best suited for
Shopping, Food
- Reward type
Reward Points
Rewards & cashback
- Rewards rate
1 EDGE REWARD Point/₹200 on All Eligible Spends (Reward Rate 0.10%)
- Welcome benefits
100% Cashback Up to ₹300 on First Utility Bill Payment
- Reward redemption
1 EDGE RP = ₹0.20
Features & benefits
- Movie & dining
Discounts on EazyDiner and Zomato
Fees & charges
- Rewards redemption fee
₹99 + GST
- Foreign currency markup
3.5%
- Interest rates
3.75% Per Month (55.55% Per Annum)
- Fuel surcharge waiver
1% fuel surcharge waived at all petrol pumps across India on transactions between Rs. 400 – Rs. 4000.
- Cash advance charges
2.50% or a minimum of Rs. 500
Product highlights
- Earn 1 EDGE Reward Point for every ₹200 spent using the card.
- Redeem your EDGE Reward Points against 500+ reward options.
- Get ₹120 off on Zomato food delivery using the Axis Bank Neo Credit Card.
- Enjoy 15% discount at select partner restaurants.
- Get 10% instant discount on Blinkit and BookMyShow.
- Avail a 1% fuel surcharge waiver at fuel stations across India.
Pros & cons
Pros
- Get 10% off while booking movies with BookMyShow.
- This card offers a discount on Zomato and even at partner restaurants via the Axis Dining Delights program.
Cons
- There are no insurance benefits provided with this card.
- You can’t access international or domestic lounges at airports in India with the Axis Bank Neo Credit Card.
- The Axis Neo Credit Card offers a very poor reward rate of just 0.10%.
Frequently asked questions
How much is interest charged on this card ?
3.75% per month is levied as interest on this card if the total outstanding amount is not paid.
What are the joining and annual fees of this card ?
This is a lifetime free credit card.
What are the foreign currency mark-up charges on this card ?
The foreign currency mark-up charges on this card are 3.50%.
Does Axis Bank Neo Credit Card offer complimentary lounge access?
No, the Axis Bank Neo Credit Card doesn’t offer any complimentary airport lounge access.