The Axis Bank Neo Credit Card is a versatile credit card designed for the modern consumer. It offers a range of benefits including cashback, discounts on popular platforms, and fuel surcharge waivers, making it an ideal choice for daily use and online shopping.
- Overview
- Welcome Benefits
- Charges for Axis Bank Neo Credit Card
- Membership Benefits
- Axis Bank Neo Credit Card Rewards
- Axis Bank Neo Credit Card Milestone Benefits
- Redemption
- Gift Vouchers Available
- Airport Lounge Access
- Forex Markup Fee
- Axis Bank Neo Credit Card Eligibility
- Axis Bank Neo Credit Card Review
- Axis Bank Neo Credit Card Pros and Cons
- Similar Cards to Axis Bank Neo
Overview
| Feature | Details |
|---|---|
| Card Type | Cashback and Discount Credit Card |
| Reward Rate | Up to 5% cashback on partner websites |
| Reward Value | Direct cashback |
| Annual Fee | ₹250 + GST |
| Unique Selling Points | High cashback rates, entertainment benefits, fuel surcharge waiver |
| Rating (out of 5) | 4.2 |
Welcome Benefits
| Welcome Benefit | Details |
|---|---|
| Amazon Voucher | ₹250 worth Amazon voucher on first transaction |
Charges for Axis Bank Neo Credit Card
| Fee Type | Details |
|---|---|
| Joining Fee | ₹250 + GST |
| Renewal Fee | ₹250 + GST |
| Finance Charges | 3.6% per month (52.86% per annum) |
| Late Payment Fee | ₹300 to ₹1,200 based on the outstanding balance |
| Foreign Transaction Fee | 3.5% + GST |
| Rent Payment | 1% fee using third-party apps like CRED, Paytm |
| Education | 1% fee using third-party apps |
| Utilities | Free up to 50k, after that 1% fee +GST |
Membership Benefits
This card provides various benefits:
- Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between ₹400 to ₹4,000.
- Interest-Free Credit: Up to 50 days of interest-free credit from the date of purchase.
- EMI Options: Convert big purchases into easy monthly installments.
Axis Bank Neo Credit Card Rewards
| Spend Category | Reward Rate |
|---|---|
| Partner Websites | Up to 5% cashback |
| All Other Spends | 1% cashback |
| Reward Value | Direct cashback credited to the account |
| Rewards Expire in | Never |
Axis Bank Neo Credit Card Milestone Benefits
| Spending Milestone | Reward Earned |
|---|---|
| Annual Spend of ₹50,000 | Annual fee waiver |
Redemption
Cashback earned is automatically credited to the cardholder’s account and can be used to offset the statement balance.
Gift Vouchers Available
| Category | Brands |
|---|---|
| Shopping | Amazon, Myntra |
| Electronics | Croma |
| Travel | MakeMyTrip, Cleartrip |
| Dining | Zomato, Swiggy |
| Entertainment | BookMyShow |
Airport Lounge Access
| Access Type | Details |
|---|---|
| Domestic Lounges | Not available |
| International Lounges | Not available |
Forex Markup Fee
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST on all international transactions |
Axis Bank Neo Credit Card Eligibility
To apply for the Axis Bank Neo Credit Card, applicants must meet the following criteria:
- Age: 18 to 70 years
- Income: Stable income required
- Documents Required: Aadhar Card, PAN Card, proof of income (latest bank statements/salary slips, ITR), and residence proof.
Axis Bank Neo Credit Card Review
Editor’s Rating
Summary
The Axis Bank Neo Credit Card is an excellent option for modern consumers looking for cashback and discount benefits on daily expenses and online shopping. With high cashback rates and additional benefits, it provides great value for daily use.
Axis Bank Neo Credit Card Pros and Cons
| Pros | Cons |
|---|---|
| High cashback rates on partner websites. | Limited airport lounge access. |
| Annual fee waiver on meeting spend criteria. | High foreign transaction fee. |
| Fuel surcharge waiver. | Cashback is limited to partner websites. |
Similar Cards to Axis Bank Neo
| Feature | Axis Bank Neo Credit Card | Flipkart Axis Bank Credit Card | HDFC MoneyBack Credit Card |
|---|---|---|---|
| Annual Fee | ₹250 + GST | ₹500 + GST | ₹500 + GST |
| Lounge Access | Not available | Not available | Not available |
| Reward Rate | Up to 5% cashback | Up to 5% cashback | 2 reward points per ₹150 spent |
| Reward Value | Direct cashback credited to account | Direct cashback credited to account | 100 points = ₹20 (statement credit) |
| Special Benefits | High cashback, fuel surcharge waiver | High cashback, fuel surcharge waiver | Cashback rewards, fuel surcharge waiver |
Quick Links
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For more detailed information about Axis Bank credit cards and other financial products, you can visit the official Axis Bank website.
FAQ
What is the annual fee for the Axis Bank Neo Credit Card?
The annual fee is ₹250 + GST.
How can I earn cashback with the Axis Bank Neo Credit Card?
You can earn up to 5% cashback on partner websites and 1% on other spends.
How can I earn cashback with the Axis Bank Neo Credit Card?
You can earn up to 5% cashback on partner websites and 1% on other spends.
How is the cashback credited for the Axis Bank Neo Credit Card?
Cashback is automatically credited to your card account and can be used to offset your statement balance.
Does the Axis Bank Neo Credit Card offer any fuel benefits?
Yes, the card offers a 1% fuel surcharge waiver on transactions between ₹400 to ₹4,000.
What are the milestone benefits of the Axis Bank Neo Credit Card?
The card offers an annual fee waiver upon spending ₹50,000 in a year.
Is the Axis Bank Neo Credit Card worth it for cashback seekers?
Absolutely. With high cashback rates, annual fee waiver, and fuel surcharge waiver, this card provides excellent value for those looking to maximize cashback on their daily spends.
