CardIQIndia
Corroborated — 4 field(s) match across 3+ reference sources (auto). Not human-verified. Confirm with the bank before high-stakes decisions.
36
#85 of 173 in credit
Axis Bank

Axis Bank Neo Credit Card

creditVisaRewards

1% cashback + partner offers

Score breakdown

Data completeness: 85% · Last verified: 06 Jul 2026

Reward value20/100 · weight 65%
≈ 0.96% effective on the standard basket (eligible spend only)
Wide-coverage rewards: +3.1% score bonus — earns broadly without narrow category restrictions.
Fee efficiency98/100 · weight 11%
Redemption flexibility84/100 · weight 8%
Perks0/100 · weight 8%
Devaluation risk70/100 · weight 8%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee
₹250 + 18% GST
= ₹295 total
Annual fee
₹250 + 18% GST
= ₹295 / year total
Waiver: Spend Rs 50k in a year
Forex markup
3.5%

Lounge access

Domestic (per year)
0
International (per year)
0

Confirmed devaluation alerts

No confirmed devaluations tracked for this card. That doesn't mean none exist — see the neutral 70/100 devaluation-risk sub-score above.

Reward structure

CategoryTypeRateCapNotes
travelpoints2.00%(8 pts @ ₹0.25)—2% travel (estimated)
online_spendspoints2.00%(8 pts @ ₹0.25)—2% online (estimated)
diningpoints2.00%(8 pts @ ₹0.25)—2% dining (estimated)
groceriespoints1.50%(6 pts @ ₹0.25)—1.5% groceries (estimated)
fuelpoints1.00%(4 pts @ ₹0.25)—1% fuel (estimated)
utilitiespoints1.00%(4 pts @ ₹0.25)—1% utilities (estimated)
all_spendspoints0.10%(0.4 pts @ ₹0.25)—Base earn rate

Point value by redemption mode

1 reward point is worth different amounts depending on how you redeem — the headline reward % only holds at the best tier.

edge rewards catalogue (vouchers, electronics, home decor)1 RP = ₹0.20
edge rewards portal (vouchers/catalog)1 RP = ₹0.20
cashback1 RP = ₹1.00

Welcome offer

100% cashback up to ₹300 on first utility bill payment within first 30 days of card issuance

Pros

  • Lifetime Free for select channels.
  • Significant discounts on partner brands (Zomato, Blinkit, Myntra, Paytm).
  • 100% cashback on first utility bill payment.

Cons

  • Very low general reward rate of 0.10%.
  • No complimentary domestic or international airport lounge access.
  • Reward points are not earned on fuel, utilities, rent, and education.

Insurance cover

credit liability
₹0

Eligibility

max age
70
min age
18

Small print

Fuel surcharge:1% fuel surcharge waiver; 1% fee applicable on cumulative spends of ₹50,000 or more per cycle