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 Access
No Lounge Access
FindMyCard 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.
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
Editorial Verdict
The Axis Bank Neo Credit Card is ideally suited for everyday online purchases, food delivery, and instant multi-brand discounts. If you want 1 edge reward point per ₹200 spent (1 edge point = ₹0.20 on redemption), this card delivers real value. The free is easily offset by the card's perks if you use it regularly. You'll generally need Good (700+) credit to be approved.
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
🚀 Milestone Spends Timeline
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 & Charging Rates
Annual Fee Waivers
Free
💡 Lifetime Free credit card with zero joining or recurring annual fee
Regular Interest Charges
3.75% per month (55.55% per annum)
📅 Late Payment Fee Penalty Tiers
Eligibility Criteria
age
18 to 70 years
employment profiles
Salaried, Self-employed, and Card-to-Card
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 |