CardAgent
Verified by CardAgent admin · last checked 08 Jul 2026
Axis Bank

Axis Bank Neo Credit Card

23
Ranked #152 of 170 in credit
creditVisaRewards

Axis Bank's entry-level lifestyle card for young/first-time users, built around direct discounts on Zomato, Myntra, Blinkit and BookMyShow rather than a meaningful rewards program.

Score breakdown

Data completeness: 75% · Last verified: 09 Jul 2026

Reward value4/100 · weight 71%
≈ 0.22% effective on the standard basket (eligible spend only)
Wide-coverage rewards: +0.9% score bonus — earns broadly without narrow category restrictions.
No rewards on: government, rent, education, insurance. Reward score is scaled by ×(1 − 3.5%), proportional to how much of the standard basket falls in these excluded categories (v4 formula, capped at −5%). Tip: pair with a card that covers these.
Fee efficiency98/100 · weight 12%
Redemption flexibility92/100 · weight 9%
Perks3/100 · weight 9%

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: Nil for 1st year; Rs 250 from 2nd year; often issued lifetime-free via select promotional channels
Forex markup
3.5%

Lounge access

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

Reward structure

CategoryTypeRateCapNotes
online_shoppingcashback1%—Base cashback on online spends
all_spendspoints0.10%(0.4 pts @ ₹0.25)—Base earn rate

Welcome offer

100% cashback up to Rs 300 on first utility bill payment within 30 days; some sources also cite Amazon voucher Rs 250, Zomato voucher Rs 200, Blinkit voucher Rs 250, 6-month PharmEasy subscription

Milestone benefits

Pros

  • Very low fee (often lifetime free via promos)
  • strong direct discounts on Zomato (40% off up to Rs 120, 2x/month), Blinkit (10%), Myntra (10% off Rs 150 on Rs 999+), BookMyShow (10% up to Rs 100)
  • 5% cashback on utility/mobile/DTH via Paytm (capped Rs 150/month)
  • flat 7-18% off flight/hotel bookings once/month each

Cons

  • Extremely low reward rate (~0.1-0.2%) — reviewers explicitly flag this as poor even for a free card
  • no lounge access
  • no insurance
  • no rewards on fuel/rent/utilities/EMI/government/education
  • RuPay variant not internationally accepted

What's inside

More benefits

  • Zomato discount

    ₹120

    40% off food delivery, capped Rs 120/order

    Cap ₹2,880 / monthly. Min order Rs 200-499, twice/month via code AXISNEO

  • Fuel surcharge waiver

    1% fuel surcharge waiver on eligible transactions

    monthly. Standard range

Insurance cover

text
₹NaN

Eligibility

text
Age 18-70 (primary), 15+ (add-on); Indian resident or NRI

Small print

Fuel surcharge:1% fuel surcharge waiver on Rs 400-Rs 4,000 transactions, capped Rs 400/month