Axis Bank
Neo
The Axis Bank Neo Credit Card is a entry-level credit card designed for individuals who want direct savings on everyday online expenditures. With an affordable yearly fee of Rs.
Direct link to the issuer's website. Terms apply — verify current offer with the bank.
Data last updated 7 June 2026.
At a Glance
Annual Fee
₹250
Joining Fee
₹250
Fee Waiver
N/A
Lounge Access
See details
Forex Markup
3.5%
Effective Yield
0.1% – 9.54%
Our Take
CreditGully Rating
Based on CreditGully editors' analysis. Not influenced by card issuers.
The Axis Bank Neo Credit Card is a entry-level credit card designed for individuals who want direct savings on everyday online expenditures. With an affordable yearly fee of Rs. 250, which is completely waived if you apply through Paisabazaar, this card eliminates the complexity of reward points redemption by focusing heavily on direct, instant brand discounts. Cardholders can easily save on daily-use platforms, making it highly practical for budget-conscious spenders.
The card's standout features revolve around direct partnership discounts. Users get up to 40% off on Zomato (specifically Rs. 120 off on food delivery spends of Rs. 499 or more, twice a month), 10% off on Blinkit orders, Rs. 150 off on select Myntra styles, and 10% off on movie tickets through BookMyShow. Additionally, the card offers a 5% discount on utility bills, mobile or DTH recharges, and broadband payments via Paytm, alongside a 15% discount on dining via EazyDiner.
The ideal user for the Axis Bank Neo Credit Card is a beginner looking for their first credit card who frequently shops online, pays utility bills digitally, and orders food or groceries. It is best suited for those who prefer instant check-out discounts over complex reward programs, as the base reward earning rate of 1 reward point per Rs. 200 spent is minimal.
What We Like
We like that this card offers high-value direct discounts on highly popular daily services like Zomato, Blinkit, and Paytm. Additionally, it offers savings on utility bill payments, which is a key spending category that is frequently overlooked by other entry-level credit cards.
Pros
- ✓Receive up to 40% discount on online purchases with partner brands.
- ✓Enjoy an easy direct-discount program across multiple popular online platforms including Blinkit, Zomato, Myntra, and BookMyShow.
- ✓Save up to Rs. 500 every month on restaurant dining bills.
- ✓Benefit from a highly nominal yearly card fee.
Cons
- ✗The reward point accumulation rate for standard transactions is extremely low.
- ✗There are caps placed on the total discount benefits you can earn on online spending.
Get This Card If
- ✓You frequently shop online rather than making your purchases offline
- ✓You prefer getting direct checkout discounts over going through a complex rewards redemption process
- ✓You are searching for a card with an extremely low annual fee
Earning & Redemption
How You Earn
| Category | Reward rate | Yield % | Cap |
|---|---|---|---|
| Zomato Food Delivery | 40% Instant Discount | 40.00% | ₹120 per order / Twice per month |
| Paytm Utilities & Recharges | 5% Instant Discount | 5.00% | ₹150 per month / Once per month |
| Blinkit (Grocery) | 10% Instant Discount | 10.00% | ₹250 per month / Once per month |
| BookMyShow (Movies) | 10% Instant Discount | 10.00% | ₹100 per month |
| All Other Retail Spends | 1 EDGE Point per ₹200 spent | 0.10% | No Upper Cap |
| Excluded Categories | No Points Earned | 0.0% | — |
Redemption Value
| Channel | Value per point | Verdict |
|---|---|---|
| Instant Discount (At Checkout) | Direct Savings1:1 Ratio | Best Value (No redemption fees, no waiting, no points needed) |
| EDGE Rewards Catalogue | ₹0.20 per point (estimated)5:1 Ratio | Avoid (Standard ₹99 + GST redemption fee makes this non-viable for small earners) |
What You Need to Know
No Fuel Waiver
Unlike almost every other Axis card, the Neo often lacks a fuel surcharge waiver.
Impact: Using this at a petrol pump will result in a net 1% loss on every transaction.
Zomato Coupon Friction
Discount only works via the 'AXISNEO' code, not via automatic bank offers.
Impact: Users must remember to apply the code manually or they lose the 40% benefit.
Essential Fine Print
Reward Exclusions
Excluded Categories: Fuel, Rent, Utilities, Insurance, Government payments, Educational services, and Wallet loads do not earn EDGE Reward points.
Welcome Offer
Activation Benefit
100% cashback up to ₹300 on first utility bill payment within first 30 days of card issuance
Travel Benefits
Cleartrip Benefits
Enjoy Flat 7% discount (up to ₹2,000) on domestic and international flight bookings and flat 18% discount (up to ₹4,000) on hotel bookings. Both benefits are applicable once per use per month.
Dining Benefits
Zomato Discount
₹120 off on food delivery with your NEO Credit. Applicable on minimum spends of ₹499 per order and valid two times per month.
Dining Delights
Enjoy exceptional dining experiences at top restaurants across India with the Axis Bank Dining Delights Program.
Additional Features
Blinkit Discount
10% off on orders above ₹750, max discount ₹250 per month.
BookMyShow Discount
10% off on movie tickets, up to a maximum benefit of ₹100 per month.
Utility Bill Payments
5% off on mobile recharges, broadband, and DTH bills via Paytm, up to ₹150 per month with a minimum transaction requirement of ₹299
Fees & Charges
| Fee Type | Amount / Details |
|---|---|
| Joining Fee | ₹250 |
| Annual / Renewal Fee | ₹250 |
| Fee Waiver Threshold | N/A |
| Forex Markup | 3.5% |
| Reward Redemption Fee | ₹99 per redemption |
| Fuel Surcharge Waiver | 1% surcharge |
Eligibility Criteria
Salaried
Age between 18-70 years
Income
Must have a steady, verifiable income.
Residency/Citizenship
The individual should either be a Resident of India or a Non-Resident Indian.
Ready to apply for Neo?
Annual fee: ₹250
Frequently Asked Questions
Annual fee
₹250
0.1% – 9.54% yield