Axis Bank Neo Credit Card (Lifetime Free)

Axis Bank Neo Credit Card


Joining Fee: LTF
Annual Fee: LTF







Payment Network

Visa, Mastercard, Rupay


Fuel Surcharge Waiver

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 partner 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.


Joining FeeLTF
Welcome Benefit100% cashback up to ₹ 300 on first utility bill payment within 30 days of card issuance
Annual FeeLTF
Annual Fee WaiverNot Applicable
Axis Bank Neo Credit Card Review: Fees

Even though Axis Bank Neo credit card is offered LTF, we continue to get a good welcome benefit on the card. The 100% cashback up to ₹ 300 on utility bill payments is a good benefit for entry-level credit cards like Neo.

LTF IndusInd Bank Credit Cards

Axis Bank Neo Credit Card 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 and also use it for instant discount offers during e-commerce sales.

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

Axis Bank Neo credit card will not earn any EDGE Rewards for the below spends:

  • Fuel
  • Rent
  • Utilities
  • Educational Services
  • Government Institutions
  • Wallets

Use Grab Deals for extra cashback

Axis Bank Grab Deals offers extra cashback on many merchant spends like Flipkart, Amazon, Myntra etc. where we can get 5% or more extra cashback on our spends. This is over and above any other offers that are running.

LTF IDFC First Bank Credit Cards

Axis Bank Neo Credit Card Merchant Benefits

MerchantOfferMax DiscountMin OrderMax Usage
Zomato40% off₹ 120/order₹ 2002 times/month
Amazon Pay – Utility Bills5% off₹ 150/month₹ 299Once/month
Myntra – Select Styles10% offNo Cap₹ 500No Cap
Blinkit10% off₹ 250₹ 750Once/month
BookMyShow10% off₹ 100/monthNoneNone
Axis Bank Neo Credit Card Review: Merchant Offers
  • Zomato, Amazon Pay 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.

Hands-On Experience: Zomato Offer has a catch

The Zomato coupon for Axis Bank Neo credit card cannot be used for all restaurants. It is only valid for select restaurants. Plus, you cannot use it along with any other coupon that the Zomato app offers. Getting a 40% off coupon when ordering from a restaurant is quite common. So, the Axis Neo offer for Zomato may not be that useful.

It would have been better, if this was a 5% or 10% cashback on Zomato spends. But, this would be too much to expect from a LTF card. 🙂

Dining Delights

Axis Neo 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.

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Final Thoughts

Axis Neo is not targeted 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 Bank Neo credit card? If, you are looking for a LTF credit card or need this for Axis credit card merchant offers, then yes. The one good benefit on the Axis Neo continues to be the 5% offer on Amazon Pay utility bills.

Axis Bank Neo Credit Card

Card Maven

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3 thoughts on “Axis Bank Neo Credit Card (Lifetime Free)”

  1. ‘AXISNEO’ for 40% off on Zomato doesn’t work on most restaurants. It’s either free delivery or shows a message that “This offer is valid for only select users”. Axis is playing foul here.

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