Axis Bank Neo Credit Card
Fees
Free
Joining & annual
1st year freeReward Rate
1 EDGE Reward Point per ₹200 spent (1 EDGE Point = ₹0.20 on redemption)
Welcome Bonus
100% cashback up to ₹300 on first utility bill payment via Paytm within 30 days of card issuance
Lounge
No Lounge Access
Our Expert Take
Axis Neo is a genuinely free entry-level card built around instant discounts rather than a strong ongoing reward rate: up to 40% off on Zomato, Blinkit, BookMyShow, Myntra and Paytm covers a lot of everyday spending categories, even if the base points rate itself is modest.
Reward limits
Checked 27 Sep 2026 · Bank terms
-
10% off on Blinkit (code AXISNEO, min order ₹750)
Max ₹250 once a month
Reached after about ₹2,500 of spend
-
1 EDGE point per ₹200
No limit
No rewards on: Utilities & telecom (except the card's own bill channel), rent, wallet, gift cards, government, insurance, gold/jewellery, fuel, tolls (from 28 Aug 2026), EMI
Where this card earns most
Paying directly in the app or site · 0.1% on other spends
Pros & Cons
Key Advantages
- Lifetime Free credit card with zero joining and zero annual maintenance charges
- RuPay variant available for UPI payments
- 100% cashback up to ₹300 on first utility bill payment made via Paytm
- Instant discounts up to 40% on Zomato, Blinkit, BookMyShow, Myntra, and Paytm
- Minimum 15% discount on dining out at partner restaurants via Axis Dining Delights
Limitations
- Minimal base reward points earning rate on regular card expenditures
- Enforces strict ceiling caps on maximum discount benefits per month across partner platforms
- Lacks premium features such as complimentary airport lounge terminal access or golf privileges
Key Perks & Spending Milestones
₹120 off on Zomato food delivery orders on a min. spend of ₹499 via code AXISNEO (usable twice per month)
5% off on Paytm utility bill payments & recharges up to ₹150/month (min. spend ₹299)
10% instant discount on Blinkit up to ₹250/month (min. order ₹750)
10% off on BookMyShow movie ticket bookings up to ₹100/month
10% off on Myntra on select fashion collections
1 EDGE Reward Point per ₹200 spent (1 EDGE Point = ₹0.20 valuation)
Minimum 15% discount at select partner restaurants via Axis Dining Delights
RuPay credit card variant available with native UPI payment support
1% Fuel Surcharge Waiver on fuel transactions between ₹400 and ₹4,000
Option to convert transactions of ₹2,500 and above into easy EMIs
Spend milestone
Maximize your lifestyle, food delivery, utilities, travel, and entertainment transactions to save up to ₹890 in a single month through built-in direct discount partnerships
Fees & Charges
Joining fee
Free
Annual fee
Free 1st year free
Lifetime Free credit card with zero joining or recurring annual fee
Interest rate
3.75% per month (55.55% per annum)
Late payment fee
Nil for balance up to ₹500; ₹400 for ₹501-₹5,000; ₹600 for ₹5,001-₹10,000; ₹800 for balance above ₹10,000.
Eligibility Criteria
age
18 to 70 years
employment profiles
Salaried, Self-employed, and Card-to-Card
Credit score & income
Good (700+)
Frequently Asked Questions
What's the reward rate on Axis Bank Neo?
Does Axis Bank Neo offer lounge access?
Compare Axis Bank Neo Credit Card With Similar Cards
| Card | Annual Fee | Reward Rate | Lounge Access | Rating |
|---|---|---|---|---|
| Axis Bank Neo Credit Card This Card | Free | 1 EDGE Reward Point per ₹200 spent (1 EDGE Point = ₹0.20 on redemption) | No Lounge Access | 3.0/5 |
| Tata Neu Infinity SBI Card | ₹1,499 + Taxes | 5% NeuCoins on Tata Neu App/Website + partner brands, up to 10% on... | 2 Domestic/Qtr (₹75K Spend) + 4 Int'l/yr | 4.7/5 |
| American Express Membership Rewards® Credit Card | ₹1,000 + Taxes | 1 Membership Rewards Point per ₹50 spent (excl. fuel, utility,... | No Lounge Access | 4.6/5 |
| IDFC FIRST Business Multiplier Credit Card | ₹2,999 + Taxes | 10 Reward Points per ₹200 spent, up to ₹1 Lakh monthly spend; 5... | 8/yr Domestic + International (₹20K Spend) | 4.6/5 |