The Axis Bank NEO Credit Card does not look premium, but it saves real money if most of your spending is online and digital. This is a budget entry-level credit card, mainly made for young people and first-time credit card users. Axis use RuPay network to maximise the benefits and discount but at the same time, it does not work for travel, High Cash Withdrawal Fees, and international acceptance.
The card gives instant discounts on daily use apps like Myntra, Blinkit, Zomato, and BookMyShow. So it is useful for shopping, food ordering, groceries, and movie tickets. Earlier, this card had a ₹250 joining fee and a ₹250 annual fee, and because of this, it was easy to manage with no confusion of reward points or redemption.
In simple words, the Axis Bank NEO Credit Card is a very good first credit card for digital users. Many times, it comes pre-approved for existing Axis Bank customers and also works with UPI credit card payment, which is helpful for beginners.
As per Axis Bank, the Axis Bank NEO Credit Card is now available as a Lifetime Free (LTF) credit card. It is being issued as LTF through selected channels, and this one thing completely changes the value of the card. No joining fee, no annual fee, just use and save on daily expenses.
Note: This Axis RuPay card is very popular among beginners and Gen Z users. Whenever Gen Z users shop on Myntra, order from Blinkit or Zomato, or book movie tickets, the discount option shows directly inside the app. Because of this, many people ask for this card, seeing real savings at the payment page.
Welcome Benefit (Activation Offer)
When you get this card and activate it, there is a welcome benefit also. On your first utility bill payment, you get 100% cashback, which is a good start.
- You get full cashback on first utility bill
- Maximum cashback: up to ₹300 only
- This payment should be done within 30 days from card issue
- This offer is one time only and only for new card users
How people usually take this benefit
- First, activate the card after delivery
- Then pay mobile recharge, DTH, or broadband bill
- Do the payment within 30 days, otherwise offer will miss
Small Note (from real users)
Most people are getting this cashback on mobile and DTH recharge, so doing first transaction on these bills is a safe option.
Does this NEO card offer Reward Points?
Yes, you also earn Axis EDGE reward points when you use the card for spending. These points are an extra benefit, not a main feature.
- You get 1 EDGE point for every ₹200 spent, quite less, but okay.
- 1 Axis Bank EDGE Reward point is generally worth ₹0.20 (20 paise)
- Points can be used to redeem from 500+ rewards and offers
- Redemption options are available in the EDGE Rewards catalogue
In real life, these points won’t make you rich, but over time you can use them for small vouchers or offers. It works as a bonus saving, not something to depend on fully. Most users just collect points slowly and redeem when enough points get added.
What are the benefits and features of the card?
What This Card Is Actually Good At (Features To Know)
Unlike premium cards that try to give rewards on everything, the Axis NEO Credit Card is very selective. It does not reward all spending. Instead, it gives direct discounts only on places where people actually spend money every month, like food apps, shopping, groceries, and movies.
1. Food Delivery (Zomato)
The NEO Card offers a direct and easy discount on Zomato food delivery, which is useful for regular users –
- Flat ₹120 discount on food delivery orders
- Minimum order value: ₹499
- Discount rate: 40% up to ₹120 per order
- Valid only on the Zomato App
- Coupon code: AXISNEO
- The offer can be used two times in a month
- Maximum discount: ₹120 per order
- Offer applicable from: 1st July 2025
2. Utility Bill Payments
You get 5% cashback on utility bills like mobile recharge, DTH, broadband, and electricity payments. This works best when bills are paid through Paytm-style bill payment apps.
- 5% off on utility payments
- Minimum bill amount: ₹299
- Maximum cashback: ₹150 per month
- Usable once in a month
- Coupon code: AXISNEO
3. Movies & Entertainment
You get 10% off on movie tickets, which is mainly useful for normal movie watching.
- 10% discount on tickets
- Monthly cap: around ₹100
- Best for 1–2 movies in a month, not for heavy movie watchers
- Works on BookMyShow bookings
4. Other Benefits (Shopping, Dining & Features)
Apart from movies, there are some additional benefits, but these are not daily offers. Think of them as once-a-month savings, not regular cashback.
- Myntra: Flat ₹150 off on selected styles on spends above ₹999
- Blinkit: 10% off up to ₹250 per month on a minimum order of ₹750
- Dining: Up to 15% discount, capped at ₹500, via EazyDiner partner restaurants
Realistic Annual Saving (Not Marketing Calculation)
Let’s keep this simple and practical, not the best-case scenario. This calculation is based on normal usage, not perfect use every month.
| Spend Habit | Yearly Saving (Approx) |
|---|---|
| Zomato (2 orders per month) | ₹2,800 – ₹3,000 |
| Utility Bills | ₹1,500 – ₹1,800 |
| Movies (1–2 per month) | ~₹1,000 |
| Online Shopping Offers | ~₹1,500 |
| Reward Points | ~₹500 |
| Total Practical Value | ₹7,000 – ₹9,000 |
This is what most normal users can actually save in one year. No tricks, no over-usage, no forcing spending. If you use all offers perfectly every month, savings can go higher. But even with basic usage, the value easily stays in this range.
That’s why many people feel this card is worth keeping, especially when it is Lifetime Free.
Fees & Charges (Important to Read)
Fees & Charges (Important to Read)
The Axis Bank NEO Credit Card comes with standard charges related to card usage, cash withdrawals, late payments and foreign transactions. Always check these before applying.
| Joining Fee | ₹250 (Free on select channels) |
| Annual Fee | ₹250 from 2nd year (Often LTF) |
| Add-on Card (Joining & Annual) | Nil |
| Cash Payment Fee | ₹175 |
| Cash Withdrawal Fee | 2.5% (Min ₹500) |
| Finance Charges | 3.75% per month (55.55% p.a.) |
| Late Payment Fee | ₹500 – ₹1,200 (Slab-based) |
| Over Limit Penalty | 2.5% (Min ₹500) |
| Foreign Currency Markup | 3.50% |
| Cheque / Auto-debit Reversal | 2% (Min ₹500) |
| Reward Redemption Fee | Applicable |
| GST | As per Government norms |
NEO Card: Credit limit, Eligibility, Salary, documents, and how to apply
Eligibility & How to Apply
Before applying for the Axis Bank NEO Credit Card, it’s recommended to check your eligibility digitally. This avoids unnecessary rejections and helps you understand approval chances in advance.
Add-on card: 18+
How to Apply (Digital Process)
- Check eligibility using a digital checker.
- Enter mobile number and PAN to view pre-qualified offers.
- Complete Video KYC by showing your original PAN card.
- Get instant approval if eligible.
Required Documents
Required Documents
Axis Bank requires basic identity, address and income documents to process the NEO Credit Card application. Make sure all documents are valid and up to date.
- PAN Card (mandatory)
- Aadhaar Card
- Passport
- Driving Licence
- Aadhaar Card
- Utility Bills (last 3 months)
- Passport
- Ration Card
- Latest 3 months salary slips
- Form 16 (if available)
- Bank statement showing salary credits
- Latest Income Tax Returns (ITR)
- Computation of income
- Balance Sheet / P&L (if asked)
Strategic Analysis: Comparison with other cards
| Feature | Axis NEO | Amazon Pay ICICI | SBI Cashback | Axis ACE |
|---|---|---|---|---|
| Best For | Food & Movies | Amazon Users | Online Shopping | Utility Bills |
| Joining Fee | ₹250 (Often LTF) | Nil (LTF) | ₹999 | ₹499 |
| Main Benefit |
40% off Zomato Instant Discount |
5% Cashback (Prime) Unlimited |
5% Flat Cashback Online Only |
5% Utility via GPay Auto Credit |
| Secondary Benefit | 10% Blinkit / Paytm | 2% on Partners | 1% Offline Spend | 4% Zomato / Swiggy |
| Lounge Access | No | No | No | 4 per year |
You want a card that is easy to get, low risk, and you order food from Zomato or Blinkit often. This card gives instant discount at checkout, not reward points that you need to redeem later.
FAQs
Is Axis Neo a lifetime free card?
Yes. As of 2024–2025, Axis Bank offers Neo as lifetime free through many channels. Earlier fee was ₹250, now zero. Always confirm LTF before applying.
Is the Axis Neo card worth it for normal users?
Yes, for daily digital users. If you order food twice monthly, pay bills online, and watch movies sometimes, yearly saving can cross ₹7,000 easily, without extra spending.
Does the Neo credit card give airport lounge access?
No. The standard Neo credit card does not provide free airport lounge access. It is made for online discounts, not travel. Lounge cards usually need higher fees or spend rules.
What are the main disadvantages of the Neo credit card?
No lounge access, low reward rate (1 point per ₹200), monthly discount caps, and offers mostly limited to selected apps. Not suitable for travel-heavy or high-spend users.
Which is better: Axis Neo or Axis MyZone?
Neo is better for online shopping, food, bills. MyZone is better for movies and dining offers. Beginners usually prefer Neo because it is simple and now lifetime free.
Does Axis Neo have any travel-related benefits?
Travel benefits are very limited. No lounge access, no travel insurance. Only normal international usage is allowed. This card is focused on local digital spending, not frequent travel.
Who should apply for the Axis Neo credit card?
First-time users, Gen Z, students with income proof, and people using Zomato, Blinkit, Myntra, Paytm monthly. Best choice if you want savings without rewards confusion.