|Axis Bank Neo Credit Card Rating|
|Reward Points ★★|
Ease of Redemption ★★★
Annual Fee ★★★
Other Benefits ★★
Offers & Discounts ★★★
|Overall Rating ★★★|
When it comes to online shopping and earning cashback, banks today are updating their credit cards in order to make it more customer friendly. One such card is Axis Neo credit card that is designed for people who love to shop online and enjoy the other entertainment benefits with it. Here is our review of Axis Neo credit card and why we think it is a good deal for earning cashback on your spends.
Make most of the Welcome Benefits with Axis Bank Neo Card
The welcome benefits with Axis Neo are quite impressive. The card gives vouchers on online shopping and movies too.
- Amazon Gift Voucher: On your first transaction, get gift voucher worth Rs.250 from Amazon within the first 30 days.
- BookMyShow offer: Movie lovers can make use of this welcome gift from BookMyShow worth Rs.300. The voucher can be redeemed on the BookMyShow website or the mobile application.
Features of Axis Bank Neo Credit Card
Power of 10: This one here is a unique feature by Axis Bank. ‘Power of 10’ focuses on giving 10% cashback on big brands. So, cardholders can not only enjoy using these benefits but also get a cashback of 10% on the same. We must say, this is indeed a good attempt to capture customer segment that shops online online frequently. Infact, very few credit cards offer such a cashback deal.
|Power of 10|
|Akbar Travels||Get Rs.500 off on booking a flight with minimum amount of Rs.5000|
|Myntra||Get 10% off every time on shopping with Myntra on minimum value of Rs.500|
|BookMyShow||Get 10% off on purchasing movie ticket with BookMyShow|
|Mobile Recharge||On recharging with Freecharge, you can get 10% cashback|
|Redbus||Get a discount/cashback of Rs.100 on spending Rs.1000 on Redbus|
Enjoy Dining Discounts: This offer turns out to be for all the foodies as the card comes with a discount of 15% on dining at select partner restaurants.
Myntra Voucher: Along with vouchers on BookMyShow and Amazon, the card also comes with benefits on Myntra so one can enjoy shopping on Myntra. Use the code: AXNIOMYNT. This offer is valid till August 2020.
Axis Neo Reward Points: As far as the reward points are concerned, you will earn 2 reward points on every Rs.200 spent and along with this you will receive Edge Rewards on using this card. These rewards can be used or redeemed from Axis Bank’s rewards catalogue.
Want to Understand how reward points work? Click here.
How much will Axis Neo Credit Card cost you?
|Type of Fee or Charge||Amount|
|Cash Advance Fees||2.5%, Min. Rs.250|
The card comes with joining and annual fee of Rs.250. However, the joining fee is waived off on spending Rs.2,500 in the first 45 days. Keeping the benefits in mind, the annual fee is justifiable for Axis Neo.
Suggested Read: How does Credit Card Annual Fee work?
Alternate credit cards you can apply for
Axis Neo is a beginner level credit card. Perhaps even better for those who are looking for their very first credit card. If you feel this card won’t meet your requirements, we have compiled a list of cards with same or better benefits.
|Card||Annual Fee||Reward Points||Key Benefit|
|Rs.500 + applicable taxes||Get 500 reward points on paying the renewal fee.||Get gift voucher worth Rs.1000 on spending Rs.90,000 in a year|
|Rs.499 + applicable taxes||10x reward points on dining and movies.||2000 bonus reward points on spending Rs.2000 or more within first 60 days of card issuance|
|Rs.750 + applicable taxes||1.5% cashback on all online spends (excluding transfer to online wallets)||No joining fee with this credit card|