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Axis Bank Neo Credit Card

✍️ Fact-checked by Parash Editorial • 🔄 Updated April 2026
Axis Bank Visa Entry

Join / Annual

₹0/₹250

Base Rate

0.5%

Reward Type

Points

Overview

The Axis Bank Neo Credit Card is a Entry credit card issued by Axis Bank on the Visa network. It offers a base reward rate of 0.5% on all spends, with rewards issued as Points(1 pt = ₹0.2).

Annual Fee: ₹250
Eligibility: Min. monthly salary of ₹20,000 or ITR of ₹3.6 lakh annually, CIBIL ≥ 700.

Reward Rates & Cashback Rules

  • MERCHANT – Zomato: 24.04% cashback (capped ₹120.0/txn) | monthly cap ₹240.0 | via Zomato ⚠️ Offer can be availed twice per month using coupon code 'AXISNEO'.
  • MERCHANT – Paytm: 5.0% cashback | monthly cap ₹150.0 | via Paytm ⚠️ Valid on mobile recharges, broadband, and DTH payments. Can be used once a month.
  • MERCHANT – Blinkit: 10.0% cashback | monthly cap ₹250.0 | via Blinkit
  • MERCHANT – Myntra: 15.01% cashback (capped ₹150.0/txn) | monthly cap ₹150.0 | via Myntra ⚠️ Applicable on select styles.
  • MERCHANT – BookMyShow: 10.0% cashback | monthly cap ₹100.0 | via BookMyShow
  • MERCHANT – Swiggy: 10.0% cashback | via Swiggy ⚠️ Part of Wednesday Delights offer.
  • CATEGORY – Fuel: 0.0% cashback
  • CATEGORY – Rent: 0.0% cashback
  • CATEGORY – Wallet Load: 0.0% cashback
  • CATEGORY – Utilities: 0.0% cashback ⚠️ Excludes special offers like 5% on Paytm.
  • CATEGORY – Insurance: 0.0% cashback

Key Features & Benefits

  • Welcome Benefit 🎉: 100% cashback up to ₹300 on the first utility bill payment made within 30 days of card issuance.
  • Dining Delights 🍽️: Up to 15% discount at partner restaurants under the Axis Bank Dining Delights program.
  • Fuel Surcharge Waiver ⛽: 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000.
  • Wednesday Delights ✨: Special offers on Wednesdays, including 10% off on Swiggy and up to 15% savings on MakeMyTrip.

Eligibility Criteria

Min. monthly salary of ₹20,000 or ITR of ₹3.6 lakh annually, CIBIL ≥ 700.

Features & Benefits

🎉

Welcome Benefit

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

🍽️

Dining Delights

Up to 15% discount at partner restaurants under the Axis Bank Dining Delights program.

⛽

Fuel Surcharge Waiver

1% fuel surcharge waiver on transactions between ₹400 and ₹4,000.

✨

Wednesday Delights

Special offers on Wednesdays, including 10% off on Swiggy and up to 15% savings on MakeMyTrip.

Cashback Engine Rules

The exact calculator logic parameters extracted from the terms & conditions.

Zomato Via Zomato
Reward: 24.04% Monthly Cap: ₹240.0 Min Spend: ₹499.0 Max per TX: ₹120.0
⚠️ Exceptions: Offer can be availed twice per month using coupon code 'AXISNEO'.
24%
Paytm Via Paytm
Reward: 5.0% Monthly Cap: ₹150.0 Min Spend: ₹299.0
⚠️ Exceptions: Valid on mobile recharges, broadband, and DTH payments. Can be used once a month.
5%
Blinkit Via Blinkit
Reward: 10.0% Monthly Cap: ₹250.0 Min Spend: ₹750.0
10%
Myntra Via Myntra
Reward: 15.01% Monthly Cap: ₹150.0 Min Spend: ₹999.0 Max per TX: ₹150.0
⚠️ Exceptions: Applicable on select styles.
15%
BookMyShow Via BookMyShow
Reward: 10.0% Monthly Cap: ₹100.0
10%
Swiggy Via Swiggy
Reward: 10.0%
⚠️ Exceptions: Part of Wednesday Delights offer.
10%
Fuel Exclusion
Rent Exclusion
Wallet Load Exclusion
Utilities Exclusion
⚠️ Exceptions: Excludes special offers like 5% on Paytm.
Insurance Exclusion

Value Chart

Assuming basic spends for Axis Bank Neo Credit Card

Category Axis Bank Neo Credit Card Axis Bank Airtel Credit Card Flipkart Axis Bank Credit Card Axis Bank ACE Credit Card
₹
Joining Fee 		₹0 ₹0 ₹0 ₹0
₹
Annual Fee 		₹250 ₹500 ₹500 ₹499
🌍
Forex Markup 		3.5% 3.5% 3.5% 3.5%
%
Base Rate 		0.5% 1.0% 1.0% 1.5%
★
Known Rules 		11 rules 13 rules 15 rules 12 rules

Pros & Cons

✓

Pros

  • + Zomato — 24.04% Points (cap ₹240.0)
  • + Paytm — 5.0% Points (cap ₹150.0)
  • + Blinkit — 10.0% Points (cap ₹250.0)
  • + Myntra — 15.01% Points (cap ₹150.0)
  • + BookMyShow — 10.0% Points (cap ₹100.0)
  • + Welcome Benefit
  • + Dining Delights
  • + Fuel Surcharge Waiver
  • + Wednesday Delights
✗

Cons

  • − No reward on Fuel
  • − No reward on Rent
  • − No reward on Wallet Load
  • − No reward on Utilities — Excludes special offers like 5% on Paytm.
  • −Forex markup of 3.5% on international spends
  • −Relatively low base reward rate of 0.5%

Our Verdict

₹ Real Value Calculation (assumed ₹3L/year spend)

Est. Annual Rewards

₹1500

Annual Fee

₹250

Net Value

+₹1250

✅ At ₹3L/year spend, base rewards alone cover the fee. Additional benefits like lounge access add further value.

👍 Best For

  • › First-time credit card users looking to build credit
  • › Low-to-medium spenders wanting simple cashback

👎 Not Worth It If…

  • › You spend heavily in foreign currency — 3.5% markup adds up fast
  • › You want straightforward cashback — the reward rate of 0.5% is thin
  • › You rarely use premium benefits like lounges or concierge
  • › You prefer a no-annual-fee card with simpler terms

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Frequently Asked

The annual fee is ₹250 + GST, applicable from the second year. This fee can be waived if you spend ₹2.5 lakhs or more in the preceding year.

No, the Axis Bank Neo Credit Card does not offer any complimentary airport lounge access.

The card's primary benefits are instant discounts on partner merchants like Zomato, Blinkit, Myntra, and Paytm for utility bills. It also provides special 'Wednesday Delights' offers.

The value of one Axis EDGE Reward Point earned on this card is approximately ₹0.20 when redeemed.

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