Axis Bank Neo credit card is an entry-level card that is now being offered Lifetime Free. While the reward rate for spends is low, it offers good benefits on partner merchants. Some of the offers are 40% off on Zomato spends, 5% off on utility bill payments and 10% off on Myntra spends. Considering it is now being offered LTF, the Axis Bank Neo credit card can be a good option if you are looking to get an Axis credit card for merchant and discount offers.
Fees and Charges
| Joining Fee | NIL – LTF |
| Welcome Benefit | 100% cashback up to Rs 300 on first utility bill payment within 30 days of card issuance |
| Annual Fee | NIL – LTF |
| Annual Fee Waiver | Not Applicable |
Rewards
Neo’s rewards and benefits are more for select merchants like Zomato, Amazon Pay, Blinkit and Myntra. The earn rate for EDGE rewards is a bit low. This makes this card worth it only if you can maximize the merchant offers.
| Rewards | 1 EDGE RP / Rs 200 |
| EDGE Reward Points Value | 20 paise / point |
Axis Bank Neo credit card will not earn any EDGE Rewards for the below spends:
- Fuel
- Rent
- Utilities
- Educational Services
- Government Institutions
Merchant Benefits
| Merchant | Offer | Max Discount | Min Order | Max Usage |
|---|---|---|---|---|
| Zomato | 40% off | Rs 120 / order | Rs 200 | 2 times / month |
| Amazon Pay – Utility Bills | 5% off | Rs 150 / month | None | Once / month |
| Myntra – Select Styles | 10% off | No Cap | Rs 500 | No Cap |
| Blinkit | 10% off | Rs 250 | Rs 750 | Once / month |
| BookMyShow | 10% off | Rs 100 / month | None | None |
- Zomato, Paytm and Blinkit are the only ones where we see some benefit.
- We can get a better discount on the others even without the Neo card.
Dining Delights
Neo card is also eligible for the Axis Bank Dining Delights program. In this, we get a minimum of 15% off on partner restaurants when dining in.
Refer to the official Axis Bank Dining Delights website for a list of restaurants and applicable offers.
Final Thoughts
Axis Neo is not meant for someone who spends at a variety of places and expects consistent rewards. It is for someone who wants to get their first Axis Bank credit card or for someone starting off with credit cards. So, should one get the Axis Neo credit card? If, you are looking for a LTF credit card or need this for Axis credit card merchant offers, then yes.
Axis Bank Neo Credit Card
