Axis Bank Neo Credit Card

Axis Bank provides a credit card that is suitable for entry-level users who are interested shoppers in this new age of influencers. The credit card offered by the bank is the Axis Bank Neo credit card, which gives rewards points, cash back, and a variety of discounts when shopping. It is regarded as one of the greatest credit cards available to millennials.

In addition to earning Edge Reward Points on all of your purchases, you also receive fantastic savings on partner brands like Paytm, Myntra, and Zomato. Speaking of entertainment perks, using this card for booking movies at BookMyShow gets you 10% discount.

Limited period lifetime free offer

Joining Fees: | Annual Fees:

Rs. 250 + GST | Rs. 250 + GST

Reward Type:

Reward Points

Suited For:

Shopping

Issued on:

Visa | Mastercard | RuPay

Rating:

4.4/5

Apply Now

Fees and Charges

Fees: - Joining/Annual 250+GST and in offer card is Lifetime free
Best Suited For: - Shopping
Reward Type: - Reward Points
Rewards Redemption Fees: - Nil
Interest Rates: - 3.6% per month (52.86% annually)
Spend Based Waiver: - NA
Fuel Surcharge: - There is a 1% fuel charges, which is waived if you spend at least Rs. 400 in a single transaction.
Foreign Currency Markup: - 3.5% of the total transaction value (plus applicable taxes)
Cash Advance Charges: - 2.5% (Min. Rs. 500) of the withdrawn amount.
Add-on Card Fee: - Nil

Reward and Benefits

Movie & Dining: - 10% discount movie tickets booked on BookMyShow and 40% off food delivery when using Zomato are offered to you.
Rewards Rate: - On every Rs. 200 spent, earn 1 EDGE REWARD point.
Rewards Redemption: - At the Edge Rewards Website, the Edge Rewards can be redeemed at a rate of 1 Edge RP = Re. 0.20 against a wide range of categories.
Travel: - N/A
Domestic Lounge Access: - N/A
International Lounge Access: - N/A
Insurance Benefits: - N/A
Golf: - N/A
Zero Liability Protection: - If the card is reported lost or stolen to the bank immediately, protection is offered against both card loss and misuse.

Product Details

For every Rs. 200 spend on this card, earn 1 EDGE REWARD point.
Reward Points can be exchanged for more than 500 options.
With an Axis Bank Neo Credit Card, receive 40% off Zomato food delivery.
Save 15% while dining at partner restaurants.
Save 10% on BookMyShow, Myntra, and Blinkit.
In all Indian fuel stations, there is a 1% fuel surcharge waiver.

Pros/Cons

Pros

You can get 1 Edge Point Reward on spending Rs. 200, and you can use that reward at a later time.
Use BookMyShow to book movies and receive 10% off.

Cons

This card does not come with any insurance coverage.
Airport lounges in India are not accessible to holders of the Axis Bank Neo Credit Card, either domestically or internationally.

Axis Bank Neo Credit Card Reward Program

Additionally, for every Rs. 200 spent on this card, you receive 1 EDGE REWARD point.
Reloading your wallet, making EMI purchases, or purchasing fuel do not earn you reward points.

Redemption of Reward Points:

It's simple to use your earned EDGE REWARD points to buy gift cards, phone cases and accessories, home goods, and lots of other interesting stuff.
Re. 0.20 = 1 Edge Reward Point.

Axis Bank Neo Credit Card Features and Benefits

For those looking for an affordable credit card with decent points and features to begin their credit path, the Axis Bank Neo Credit Card is an excellent choice. The card has the following specific qualities and benefits:

Welcome Benefits:

100% cahsback on utility bill payments up to Rs. 300.
By completing their first transaction within 30 days of the card's setup date, cardholders can take advantage of these welcome benefits.

Benefits of Movies and Dining:

At partner restaurants, you receive a 15% discount on meals.
With this card, you can order food from Zomato for up to Rs. 200 and get 40% off twice a month. There is a cap of Rs. 120 on the maximum discount per order. To take advantage of the savings, you must use the promo code AXISNEO.
When you purchase movie tickets on BookMyShow, you can save 10%. There is a monthly cap of Rs. 100 on the maximum benefit you can receive on movies.

Use Amazon Pay to Save 5% on Utility Bill Payments:

When you use AmazonPay to recharge your DTH mobile and broadband, you can save 5%.
You can receive a maximum of Rs. 150 each month in discount.
You may use this discount just once every month.

Benefit on Partnered Spending:

Once a month, you can save 10% (up to Rs. 250) on Blinkit transactions with a minimum of Rs. 750.
When you shop on Myntra for at least Rs. 500, you can enjoy 10% off.

Waiver of Fuel Surcharge:

At all authorized fuel stations, you are eligible for a 1% fuel surcharge waiver on fuel transactions between Rs. 400 and Rs. 4,000.
The maximum monthly benefit of the fuel fee waiver has been capped to Rs. 400.

Spending with UPI:

You can easily make payments with your mobile phone by linking the Axis Bank Neo Credit Card to your UPI application, since it is available in the RuPay variation.

Axis Bank Neo Credit Card Charges

The following are the charges and fees related to the Axis Bank Neo Credit Card:

The Axis Bank Neo Credit Card has an annual fee of Rs. 250.
This credit card has a monthly interest rate of 3.6%.
With the Axis Bank Neo Card, the foreign exchange markup cost is 3.5% of the total transaction value.
With this card, the cash advance cost is 2.5% of the amount withdrawn, with a minimum of Rs. 500.

Axis Bank Neo Credit Card Eligibility Criteria

Credit card applications must meet specific eligibility requirements for each credit card before they may be approved. A credit history, income, and other features, as well as your age, define your basic eligibility for any credit card. There might be certain internal requirements, though, from the card issuer. Basic requirements for Axis Bank Neo Credit Card eligibility are as follows:

The applicant's age should be between 18 and 70 years old.
A regular source of income is required of the applicant.
Only an Indian resident or a non-resident Indian should submit an application.

Required Documents:

To apply for the Axis Bank Neo Credit Card, you must have the following documents:

Form 60 or Pan Card
Proof of residency: Passport, electricity bills, Aadhaar card, etc.
Income Proof: most recent ITR, Form 16, most recent pay slip, etc.

How to Apply Axis Bank Neo Credit Card?

The Axis Bank Neo Credit Card is available for application both offline and online at your convenience. If you would like to apply offline, bring all the required documents to your local Axis Bank location and complete the physical application. By selecting the "Apply Now" option, you can also apply online with CREDBANK for the Axis Bank Neo Credit Card.

Track Axis Bank Neo Credit Card Application Status:

You can check the status of your application for the Axis Bank Neo Credit Card both online and offline at your convenience if you have already submitted an application. There are other ways to do the same. Go to the bank's application tracking page to monitor the status online and proceed as required. You can also check the status of your application offline by calling customer service or going to the branch that is closest to you.

Review of the Axis Bank Neo Credit Card

A very affordable credit card designed for young people is the Axis Bank Neo Credit Card. My Zone Credit Card, which has a few extra advantages and a little higher annual cost, is remarkably identical to this card. The Neo card provides a variety of savings on purchases made on Zomato, Myntra, Blinkit, and BookMyShow—all while taking into account the buying habits of young people. You receive 5% cash back when you use AmazonPay to pay your utility bills.

Additionally, this card facilitates the process of redeeming your earned reward points by offering you a choice of over 500 redemption options available in the Edge Rewards Catalog. Therefore, the Axis Bank Neo Credit Card is a good option to choose, specially for young people, with all these interesting features.

Please leave a comment below with your views on Axis Bank Neo Credit card!

FAQs:

Is it possible to convert this card's Edge Reward Points into Air Miles?

You can, of course, exchange your Edge Reward points for Air Miles using this card. 5 of your edge reward points are equal 1 AirMile (Club Vistara/InterMile).

On this card, how much interest is charged?

This card has a monthly interest charge of 3.6%.

What are this card's annual and joining fees?

Joining and annual fees are Rs. 250 plus GST. During the Axis Bank offer period this credit card is lifetime free.

What are the charges for the foreign currency markup on this card?

This card charges a 3.50% foreign exchange markup.

Dose Axis Neo credit cards provide free lounge access?

Unfortunately, there is no free airport lounge access included with the Axis Bank Neo Credit Card.

Axis Bank Neo Credit Card
Rating: 4.4/5