Axis Bank Neo Credit Card Review

Axis Bank Neo Credit Card Review

Axis Bank has some good entry-level credit cards like Neo and MY Zone. These are easy to get approved for and come with low annual fees making them ideal for someone new to credit cards. In this post, we review the Axis Bank Neo credit card and the features, rewards, and benefits offered by it.

IndusInd Bank LTF Credit Cards

Fees and Charges

Joining/Annual FeeRs 250
Welcome BenefitRs 250 Amazon Gift Voucher
3 months Zomato Pro subscription
Rs 250 Grofers Gift Voucher
6 months 1mg care subscription
Joining Fee WaiverNone
Annual Fee WaiverNone
Axis Bank Neo Credit Card Review – Fees and Charges


Neo’s rewards and benefits are more for select merchants like Zomato/Paytm/Grofers. The rate for ‘EDGE’ rewards is a bit low. This makes this card worth it only if you can maximize the merchant offers.

Rewards1 EDGE Reward Point / Rs 200
EDGE Reward Points Value20 paise / point
Axis Bank Neo Credit Card Review – Rewards

Effective 15th November 2022, Axis Bank Neo credit card will not earn any EDGE Rewards for the below categories:

  • Fuel
  • Rent
  • Utilities
  • Educational Services
  • Government Institutions
AU Bank LTF Credit Cards

Merchant Benefits

MerchantOfferMax DiscountMin OrderMax Usage
Zomato40% offRs 120 / orderRs 2002 times / month
Paytm – Utility Bills5% offRs 150 / monthNoneOnce / month
Myntra – Select Styles10% offNo CapRs 500No Cap
Grofers10% offRs 250Rs 750Once / month
BookMyShow10% offRs 100 / monthNoneNone
  • Zomato, Paytm and Grofers are the only ones where I 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.

LTF IDFC First Bank Credit Card

My View

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 someone starting off with credit cards. For the second case, we have a lot of entry-level credit cards that are easy to get for salaried people. These include Ace, Flipkart Axis card, and Amazon Pay ICICI card. These are very easy to get and provide good rewards as well.

So, should one get the Axis Neo credit card? If, this is the only card you are able to get then yes. Or, if you are getting this LTF. For all other cases, we have many better options.


Axis Bank Neo Credit Card


Joining / Annual Fees
Features and Benefits

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