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Axis Bank Neo Credit Card: Multi-brand Benefits

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Axis Bank Neo Credit Card provides the users with discounts on online purchases from some of the top brands and platforms, including Amazon Pay, BookMyShow, Myntra, Blinkit and Zomato. Apart from these brands, you can also avail dining discount via EazyDiner and reward points on your every spend.

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Updated: 27-10-2023 07:29:12 AM

Axis Bank Neo Credit Card Rating ★★★ (3/5)
Axis Bank Neo Credit Card
Reward Rate ★ (1/5)
Annual Fee ★★★★ (4.5/5)
Shopping Benefits ★★★ (3.5/5)
Dining Benefits ★★★ (3/5)

Axis Bank Neo Credit Card seems like a good option for those who are looking for a card with nominal annual fee and prefer to get instant discounts, instead of cashback and reward points on their credit card spends. You can save up to 40% on your online purchases made on food delivery orders, utility bill payments, movie tickets, dining, clothes and other daily use products via discounts available on some of the leading online platforms. Read on to know more about the offers, deals and other features available on this Axis bank credit card.

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On this page
Axis Bank Neo Credit Card: Features & Benefits
How much can you save using Axis Neo Credit Card?
Comparison: Axis Neo Vs. SBI SimplyCLICK Vs. HDFC Millennia
Should you apply for Axis Bank Neo Credit Card?
Cards Similar to Axis Bank Neo Credit Card
Axis Bank Neo Credit Card: Fees & Charges
Axis Bank Neo Credit Card: Eligibility & Documentation
FAQs

Axis Bank Neo Credit Card: Features & Benefits

The features and benefits offered on Axis bank Neo credit card are as follows:

Up to 100% Cashback as Welcome Benefit

After card activation, the cardholders can avail 100% cashback of up to Rs. 300 on the first utility bill payment done within the first 30 days of card issuance.

Up to 40% off on Top Brands

Axis Bank Neo Credit Card offers discounts on multiple brands, including Zomato, Amazon Pay, Myntra, BookMyShow and Blinkit. Below mentioned are the details regarding the same:

Brand/Merchant 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.

Axis Neo is one of the few credit cards which offer direct discounts on multiple brands. And since this card only comes with a nominal reward rate, the brand discounts can be considered as its main selling feature. If you prefer paying bills, ordering food, booking movie tickets, shopping for clothes, groceries and other lifestyle products online, then this card can help you boost your savings on your expenses. The instant discount feature also lets you save with ease by eliminating the rewards redemption process. Other credit cards, like Axis Select and Axis My Zone also come with discounts on major brands but at a higher annual fee and on fewer brands.

Other Benefits

Dining Discount: Up to 15% off of maximum Rs. 500 on dining at partner restaurants on minimum order value of Rs. 1,500 under the Axis Bank Dining Delights program via EazyDiner.

Rewards Benefit: 1 EDGE reward point per Rs. 200 spent. Redeem the accrued points against the products available in the EDGE Rewards Catalogue.

How much can you save using Axis Neo Credit Card?

The brand and dining discount offers are some of the most beneficial features of this card with up to 40% off on your spends. Apart from these, you can also benefit from the welcome bonus as cashback and the EDGE rewards program through this card.

To get a better estimate of how much you can save on your monthly spends using this card, let’s take an example of your possible monthly spends:

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 point
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

So, if you spend Rs. 15,800 in a month on the above platforms and spending categories, you can save Rs. 1,760 and just spend Rs. 14,040 instead. This sums up to be around 11% savings on your monthly spends. Moreover, you will also accrue 69 EDGE Reward points simultaneously on this spend.

Comparison: Axis Neo Vs. SBI SimplyCLICK Vs. HDFC Millennia

Let us compare the brand offers and other features offered by Axis Neo credit card with two other credit cards with similar brand deals but with savings in the form of reward points and cashback, instead of direct discounts. Refer to the table below to know more comparison details across different parameters:

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 Amazon.in 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, Cult.fit, 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

 NA NA
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

Should you apply for Axis Bank Neo Credit Card?

If you are someone who orders online frequently then you can consider applying for this Axis bank credit card as it offers decent discount deals on several online purchases. Moreover, apart from online shopping of clothes, daily-use & other lifestyle-related products, you can also save on movie tickets and bill payments using this card at a low annual card fee. However, you must keep in mind that this card does not offer any travel benefits, including any complimentary  lounge access. So, if you are looking for a card to save on your travel expenses then you should explore other 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

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Cards Similar to Axis Bank Neo Credit Card

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

Credit Card Annual Fee Key Features
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

Axis Bank Neo Credit Card: Fees & Charges

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

Type of Fee or Charge Amount
Joining Fee Rs. 250
Annual Fee Rs. 250
Finance Charges 3.4% p.m. (49.36% p.a.)
Late Payment Charges For Outstanding Amount-

  • 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.

Axis Bank Neo Credit Card: Eligibility & Documentation

The applicant must meet the below mentioned eligibility criteria:

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

FAQs

How can I increase the credit limit on my Axis Bank Neo Credit Card?
Based on the spending patterns and risk behavior of the user, Axis Bank decides whether or not to increase your credit limit. However, you can request the same by calling on the customer care number 18004190072. You can also use the net banking facility or Axis Bank mobile app for the same.

How can I redeem my Axis eDGE rewards?
Axis eDGE reward points can be redeemed through the HDFC Bank Rewards Catalogue. You can visit the catalogue and make the necessary selection to redeem your points.

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.

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.

Which card is better- My Zone Credit Card or Neo Credit Card by Axis Bank?
Axis Bank My Zone Credit Card charges a higher annual fee (Rs. 500) than Axis Bank Neo Credit Card (Rs. 250). It also offers some extra benefits in the form of lounge access, cashback and rewards. Both the cards have their own benefits and you should choose based on your requirements and spending pattern.

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