Axis Bank Neo Credit Card: Multi-brand Benefits

The Axis Bank Neo Credit Card offers users exclusive discounts on online purchases from popular brands and platforms like Amazon Pay, BookMyShow, Myntra, Blinkit, and Zomato. In addition to these, you can also enjoy dining discounts through EazyDiner and earn reward points on every spend made with the card.

Key Highlights of Axis Bank Neo Credit Card

Axis Bank Neo Credit Card Rating
Best Suited For Shopping
Joining Fee Rs. 250
Annual Fee Rs. 250
Welcome Benefits 100% cashback up to Rs. 300 on the 1st utility bill payment within the 1st 30 days
Reward Benefit 1 EDGE reward point per Rs. 200 spent
Best Feature Discounts on multiple brands, including Zomato, Amazon Pay, Myntra, BookMyShow and Blinkit.

The Axis Bank Neo Credit Card is a good option for those who want a card with a low annual fee and prefer getting immediate discounts rather than cashback or reward points. With this card, you can save up to 40% on online purchases like food delivery, utility bills, movie tickets, dining, and everyday items through discounts on popular online platforms. If you're interested in learning more about the offers and features of this Axis Bank credit card, keep reading.

The features and advantages provided by The Axis Bank Neo credit card include:

Up to 100% Cashback as Welcome Benefit

Upon card activation, cardholders can enjoy a 100% cashback of up to Rs. 300 on their initial utility bill payment made within the initial 30 days of card issuance.

Up to 40% off on Top Brands

The Axis Bank Neo Credit Card provides discounts on a variety of brands, including Zomato, Amazon Pay, Myntra, BookMyShow, and Blinkit. Here are the details:

Brand Offers Details*
Zomato 40% off up to Rs. 120 per order on food delivery Minimum transaction: Rs. 200 Coupon Code: AXISNEO Valid twice a month
Myntra 10% off Minimum transaction: Rs. 500 Coupon Code: AXISNEO10 Valid till 31st Dec 2023
BookMyShow 10% off up to Rs. 100 per month on movie tickets Valid till 31st Mar 2024
Blinkit 10% off up to Rs. 250 Minimum transaction: Rs. 750 Coupon Code: AXISNEO Valid once a month
Amazon Pay 5% off up to Rs. 150 per month on mobile recharges, broadband payment & DTH recharge Valid once a month

*Offers applicable on select product catalogues and partners.

The Axis Neo card is unique because it gives you direct discounts on many brands. With a simple rewards system and low annual fees, its main attraction is the brand discounts. If you often pay bills, order food, buy movie tickets, or shop online for clothes and groceries, this card can help you save money on your expenses. The instant discount feature makes it easy to save without dealing with complicated rewards. While other cards like Axis Select and Axis My Zone also offer brand discounts, they come with higher annual fees and cover fewer brands.

Other Benefits

  • Dining Discount: Get up to 15% off (maximum Rs. 500) when you dine at partner restaurants. Your bill should be at least Rs. 1,500 to avail of this discount, and it's part of the Axis Bank Dining Delights program in collaboration with EazyDiner.
  • Rewards Benefit: Earn 1 EDGE reward point for every Rs. 200 you spend. You can use these points to redeem items from the EDGE Rewards Catalogue.

The fees and charges associated with Axis Bank Neo Credit Card are mentioned in the table below:

Fees / Charges Amount
Joining Fee Rs. 250
Annual Fee Rs. 250
Finance Charges 3.4% p.m. (49.36% p.a.)
Late Payment Charges** For Statement Balance
  • Less than Rs. 500: Nil
  • From Rs. 501 to Rs. 5,000: Rs. 500
  • From Rs. 5,001 to Rs. 10,000: Rs. 750
  • Greater than Rs. 10,000: Rs. 1,200

Note: Banks reserve the right to change the fees & charges without prior communication.

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The applicant must meet the below mentioned eligibility criteria:

Criteria Details
Age 18 to 70 years
Occupation Salaried and Self-employed
Citizenship India or a Non-Resident Indian
Documents Required Click here for the list of acceptable documents
Serviceable Cities Click here for the list of eligible cities

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The brand and dining discounts are among the most valuable features of this card, allowing you to save up to 40% on your expenses. Additionally, you can take advantage of the welcome bonus in the form of cashback and participate in the EDGE rewards program with this card.

To have a clearer idea of the potential savings you can achieve each month with this card, let's consider an example of your typical monthly expenses:

Category/Brand Monthly Spends Savings EDGE Rewards
Utility Bill in the 1st month Rs. 3,000 Rs. 300 Cashback 15 Points
Recharge via Amazon Pay Rs. 3,000 Rs. 150 Off 14 Points
Zomato Rs. 600 Rs. 240 Off 1 Points
Myntra Rs. 3,000 Rs. 300 Off 13 Points
Blinkit Rs. 2,500 Rs. 250 Off 11 Points
BookMyShow Rs. 700 Rs. 70 Off 3 Points
Dining Rs. 3,000 Rs. 450 Off 12 Points
Total Rs. 15,800 Rs. 1,760 69 Points

If your monthly spending on the mentioned platforms and categories adds up to Rs. 15,800, you can enjoy savings of Rs. 1,760, reducing your actual expenditure to Rs. 14,040. This translates to approximately an 11% reduction in your monthly expenses. Additionally, you'll earn 69 EDGE Reward points on this spending.

Let's compare the brand offers and other features provided by The Axis Neo credit card with two other credit cards that offer similar brand deals, but with savings in the form of reward points and cashback, as opposed to direct discounts. Please refer to the table below for a detailed comparison across various aspects:

Parameters Axis Neo SimplyCLICK HDFC Millennia
Annual Fees Rs. 250 Rs. 499 Rs. 1,000
Welcome Benefit 100% cashback up to Rs. 300 on the 1st utility bill payment within the 1st 30 days Rs. 500 gift card on annual fee payment Gift voucher worth joining fee
Base Rewards/ Cashback Rate 1 EDGE reward point per Rs. 200 spent 1 reward point per Rs.100 on all spends 1% cashback on all spends, except fuel, rent & govt. spends
Redemption Value 0.25 0.25 1
Accelerated Rewards/ Cashback NA
  • 10X rewards on online spends on Apollo 24X7, BookMyShow, Cleartrip, Eazydiner & Netmeds
  • 5X rewards on other online spends
5% cashback on Amazon, BookMyShow,, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber & Zomato
Movie Offers 10% off up to Rs. 100 per month on BookMyShow movie tickets NA NA
Dining Benefits
  • Up to 15% off at partner restaurants on min. order of Rs. 1,500 via Dining Delights program
  • Up to 40% off on Zomato food delivery on min. order of Rs. 200 using code: AXISNEO
NA Up to 20% off on partner restaurants via Swiggy Dineout Good Food Trail program
Other Co-branded Benefits
  • 10% off up to Rs. 250 on Blinkit on min. order of Rs. 750
  • 10% off on Myntra on min. order of Rs. 500
  • 5% off up to Rs. 150/month on mobile/DTH recharges & broadband payments via Amazon Pay
Travel Benefits NA NA 8 Diners Club domestic lounge access per year
Milestone Benefits NA
  • Rs. 2,000 Cleartrip/Yatra voucher each on Rs. 1 lakh & Rs. 2 lakh annual online spends
  • Annual fee reversal on Rs 1 lakh annual spends
  • Rs. 1,000 gift vouchers on Rs. 1 lakh quarterly spends
  • Renewal fee waived off on Rs. 1 lakh annual spends

If you're a regular online shopper, you might want to consider applying for The Axis Bank credit card, as it provides valuable discounts on various online purchases. In addition to savings on clothing, everyday essentials, and other lifestyle products, this card also offers discounts on movie tickets and bill payments, all for a reasonable annual fee. However, it's important to note that this card does not include any travel-related benefits, such as complimentary lounge access. If your primary goal is to save on travel expenses, you should explore other credit card options.

Opt for Axis Neo Credit Card if:

  • You often shop online
  • You do not want to put in much effort in rewards redemption process and prefer direct discount
  • You are looking for a card with minimal annual fee
  • You want co-branded discounts

Consider other options if:

  • You want a higher rewards rate
  • You travel frequently and are looking for travel-related benefits
  • You do not mind paying a higher annual fee for better and accelerated benefits
  • You want a card with co-branded benefits on a specific brand from which you shop regularly

A few of the similar credit cards are mentioned in the table below:

Credit Cards Annual Fee Key Feature
Axis Bank ACE Credit Card Rs. 499 5% cashback on bills & recharges via Google Pay, 4% cashback on Swiggy, Zomato & Ola & 2% cashback on others
Amazon Pay ICICI Credit Card Nil 5% cashback on Amazon via Amazon Prime, 3% cashback on Amazon for non-Prime members & 2% cashback on Amazon Pay payments
Myntra Kotak Credit Card Rs. 500 7.5% off on Myntra, 5% cashback on Swiggy, Instamart, PVR, Cleartrip & Urban Company & 1.5% cashback on others
Axis Select Credit Card Rs. 3,000 (Nil for Burgundy) Up to 20% off on BigBasket, Rs. 200 off on Swiggy, BOGO on BookMyShow & up to 20 EDGE rewards on shopping

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1. How can I increase the credit limit on my Axis Bank Neo Credit Card?

Axis Bank determines whether to increase your credit limit based on your spending patterns and risk behavior. However, if you wish to request a credit limit increase, you can do so by contacting their customer care number at 18004190072. Alternatively, you can also use the net banking facility or the Axis Bank mobile app to make such a request.

2. How can I redeem my Axis eDGE rewards?

Axis eDGE reward points can be redeemed through the Axis Bank Rewards Catalogue. You can visit the catalogue and make your selection to redeem your points.

3. How soon can I receive my Axis Bank Neo Credit Card?

Axis Bank takes a minimum of 21 days to approve or reject your credit card application.

4. Can I link my credit card to my bank account to automatically pay bills on time?

Yes, you can set standing instructions on your bank account to pay your Axis Bank credit card bills on time and in full or the minimum amount.

5. Which card is better- My Zone Credit Card or Neo Credit Card by Axis Bank?

The Axis Bank My Zone Credit Card comes with a higher annual fee of Rs. 500 compared to the Axis Bank Neo Credit Card, which has an annual fee of Rs. 250. However, the My Zone Credit Card offers additional perks such as lounge access, cashback, and rewards. The choice between these cards should depend on your specific needs and spending habits.

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