Axis Bank Neo Credit Card is a beginner credit card for online consumers and young professionals. It provides instant discounts on leading platforms such as Zomato up to 40% discount, Myntra (₹150 discount), Blinkit 10 % discount, BookMyShow, and Paytm. The card is ideal for individuals who spend regularly on lifestyle and digital products. For a joining fee of ₹250, waived with spending ₹2,500 within 45 days, and an annual fee of ₹250 from the second year onwards, it provides tremendous value at a low cost. Overall, it’s an inexpensive card filled with helpful daily benefits.
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Welcome Benefits
As to welcome new customers, the Axis Bank Neo Credit Card comes with a variety of welcome benefits that trigger on card pickup or first usage. These benefits are meant to deliver instant value, particularly for those who intrested in online entertainment and shopping. Upon release of the card, you are given ₹250 Amazon e-voucher as welcome offer. You get this voucher on your registered mobile number or email ID on payment of joining fee and this can be availed for varied purchases on Amazon.
Shopping Benefits
Axis Bank Neo Credit Card is for individuals who shop online more frequently, especially on popular websites. It offers instant savings and discounts that are incorporated into shopping without monitoring the reward points or redemptions.
- Myntra: Get a flat rate of ₹150 on a purchase of ₹999 and more. The offer would be redeemable once a month with the Axis Bank Neo Credit Card, offering a decent benefits to fashion shoppers.
- Zomato: Get a discount up to 40 percent on Zomato food ordering when you pay through the card. The offer is typically temporary and subject to terms on select days, earning frequent users regular savings.
- Blinkit: Get 10 percent off on Blinkit orders, which is useful for users based on quick grocery or essentials delivery. The discount has a maximum limit per transaction and can be redeemed once a month.
- Paytm Movies: Earn up to ₹120 off on movie ticket bookings on Paytm, saving your money on your nights out at the cinema. This offer is usually available single time a month and can be a regular reward for regular cinema users.
- Dining Advantage: With the Axis Bank Dining Delights Program, cardholders are rewarded up to 15 percent off at partner restaurants in India. The discount is offered at more than 4,000 restaurants and is given automatically when the bill is settled using the Neo Credit Card. It is beneficial to those who dine out often and want to save money frequently.
- BookMyShow Offers: Movie lovers can avail up to ₹100 discount on movie tickets purchased on BookMyShow. The benefit is usually available once a month and involves making the payment with the Axis Bank Neo Credit Card. The discount makes viewing movies cheaper and is an excellent value proposition for frequent cinema viewers.
These cashback offers make the Axis Bank Neo Credit Card the ideal choice for digitally savvy users who shop and order regularly through these apps.
Reward Points and Redemption
Axis Bank Neo Credit Card is mainlhy centered on instant discounts on online platforms, it also has a standard EDGE Rewards system for other spending categories. This design makes sure that customers earn points on categories that are not included under partner-specific offers.
- Earning Rewards: Cardholders receive 1 EDGE Reward Point for each ₹200 spent on all retail transactions, except partner merchants where direct discounts are given. As the reward rate is low (1RP=0.20), it provides average value on overall spending like offline shopping, utility bills, or fuel.
- Redemption Options: The earned EDGE Reward Points can be redeemed through the Axis EDGE Rewards portal, which provides a large catalog of gift vouchers, merchandise, and travel bookings. The redemption process starts from as little as 300-500 points, and the user can monitor and maintain the points via Axis Bank’s internet banking or mobile application.
Fees & Charges
| Fee/Charge | Details |
|---|---|
| Joining Fee | ₹250 (Waived if spending ₹2,500 within first 45 days) |
| Annual Fee | ₹250 from the second year onwards |
| Interest Charges | 3.5% per month (42% annualized) on outstanding balance |
| Cash Withdrawal Fee | 2.5% of the withdrawn amount (min ₹500) |
| Late Payment Fee | ₹100 to ₹750 (depends on outstanding balance) |
| Fuel Surcharge Waiver | 1% waiver (max ₹100 per month) |
| Foreign Currency Markup | 3.5% on foreign currency transactions |
Axis Bank Neo Credit Card Review
The Axis Bank Neo Credit Card is an good option for beginers who look for credit card, Its minimal annual fee and simple approval criteria make this good choice. It provides some partner-specific rewards on Myntra, Zomato, Blinkit, and BookMyShow, but lacks on major platforms such as Amazon and Flipkart, which makes it less appealing for shopping. The return rate is low, so it is not very appealing to those who are looking for value on daily spends. Yet, the dining discounts and straightforward fee structure make it an economical starting point for young professionals or students with simple proof of income. Overall, this card is simple to qualify for but has limited rewards, best used by users who are looking to establish credit instead of earning the highest returns.
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