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Axis Bank

Axis Bank Neo Credit Card

Verifying

Joining fee incl. GST: ₹295
Renewal fee incl. GST: ₹295
Conditional welcome value: Up to ₹300
Forex markup: 3.5%
Interest p.a.: 55.55%
Min income (salaried): —

Welcome benefits depend on the actual offer and qualifying conditions; points and vouchers are not an automatic cash refund. First utility bill payment within 30 days; subject to current offer terms

How this card earns

Reward rates with their qualifying conditions and caps. Use the calculator for a combined estimate.

Calculation coverage is still under review for this card. A recorded benefit does not mean every condition has been included in the estimate.

What still needs confirmation

Some product-page promotions are expired; any checkout discount needs live offer eligibility. UPI point eligibility is not modelled.

Spend category	Reward rate	Reward limit
Other eligible purchases	0.1%	—

Excluded from ordinary earning: Fuel, Rent, Utilities & bills, Education, Insurance. Specific qualifying offers, if any, are listed above.

Rates apply only to the merchants and conditions described. Shared ceilings cannot be added across rows. Points and vouchers are valued at the stated redemption assumption; use the spending calculator for a combined estimate.

Fees & charges

Joining fee₹250

Annual fee₹250

Annual fee waiverAxis Bank's Key Fact Sheet (18 August 2026) lists no spend-based annual fee waiver for this card. The ₹250 fee does not apply where the card was issued as Lifetime Free or on different fee terms stated in the application form.

Foreign currency markup3.5%

Finance charge (p.a.)55.55%

Key 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)
Blinkit: 10% off up to ₹250 on min ₹750 spend, monthly
BookMyShow: 10% off movie bookings (capped ~₹100/month); from 1 November 2026 requires ₹25,000 of spend in the previous three months
Paytm: 5% off on mobile/broadband/DTH recharges (capped ~₹150/month)
UPI-enabled RuPay variant for everyday spends
No rewards on gift cards, bridge fees, road fees or tolls (from 28 August 2026); gift cards are their own spend category
No fuel surcharge waiver: Axis Bank's Key Fact Sheet (12 August 2026) names the Neo Credit Card among the cards on which the 1% fuel surcharge refund does not apply

What we like

+Lifetime-free / very low fee entry-level card
+Partner discounts on Zomato, Blinkit, BookMyShow and Paytm, subject to live offer terms
+UPI-enabled RuPay variant for everyday spends

What to watch

−Very poor base reward rate (1 pt per ₹200 ≈ 0.1% value-back)
−No lounge access and no insurance benefits
−No milestone benefits
−No fuel surcharge waiver — the 1% refund other Axis cards carry does not apply to Neo
−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
−Dynamic currency conversion markup rises from 1.5% to 3.5% on 28 August 2026 — decline rupee billing abroad to avoid it and keep the network rate
−Axis Bank's Key Fact Sheet names NEO among the cards where the fuel surcharge refund does not apply, so the 1% surcharge on fuel is borne in full

Eligibility

Age 18–70

Issuer lists age 18–70 and resident Indian/NRI eligibility. No published minimum income or relaxed-approval guarantee.

Check Axis Bank's current criteria and the source notes. Meeting a published minimum is not approval — the issuer decides every application on its own criteria, including your credit history. How we source this