Axis Bank
Axis Bank Neo Credit Card
4.0 / 5rupay · visa
- Joining fee
- ₹250
- Annual fee
- ₹250
- Base reward
- 0.1%
- Min income
- —
- Forex markup
- 3.5%
- Interest p.a.
- 55.55%
Benefits
- ▸Base rate just 1 EDGE point per ₹200 (~0.1% value-back at ₹0.20/point); value is in flat partner discounts, not points
- ▸Zomato: flat ₹120 off (min order ₹499), twice per month (not valid via UPI-linked Neo RuPay)
- ▸Myntra: ₹150 off on minimum ₹999 purchase
- ▸Blinkit: 10% off up to ₹250 on min ₹750 spend, monthly
- ▸BookMyShow: 10% off movie bookings (capped ~₹100/month)
- ▸Paytm: 5% off on mobile/broadband/DTH recharges (capped ~₹150/month)
- ▸UPI-enabled RuPay variant for everyday spends
- ▸1% fuel surcharge waiver
The good
- + Lifetime-free / very low fee entry-level card
- + Strong recurring monthly discounts on Zomato, Myntra, Blinkit, BookMyShow, Paytm
- + UPI-enabled RuPay variant for everyday spends
- + Standard 1% fuel surcharge waiver
The catch
- − Very poor base reward rate (1 pt per ₹200 ≈ 0.1% value-back)
- − No lounge access and no insurance benefits
- − No milestone benefits
- − 3.5% forex markup — not suited for international spends
- − Many categories (utilities, rent, wallet, fuel, insurance, education) excluded from both rewards and fee waiver
- − Zomato offer cannot be availed if paid via the UPI-linked RuPay variant