Axis Bank Neo
UPI-linkable RuPay variant of Axis Bank's lifetime-free Neo card, earning estimated 1 EDGE Point per ₹200 (unconfirmed by Axis) with Zomato, Myntra and BookMyShow offers, but Zomato's discount is void if you pay via UPI on this card.
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Fees
Waiver: Axis markets this card as 'Lifetime Free', but the bank's own official fee schedule (Most Important Terms and Conditions / Schedule of Charges) lists a ₹250 joining fee and a ₹250 annual fee from the second year onward for the Neo Credit Card, with no stated spend-based waiver — unlike cards such as ACE or Flipkart, Neo is not listed with a waiver condition in that schedule. The 'lifetime free' positioning appears to be channel/promotion-dependent, so confirm the fee terms shown at the point of application. Fee structure is shared across the Neo product's network variants; it was not found to differ specifically for RuPay.
Eligibility
Age: 18–70 yrs
Employment: salaried, self employed
Rewards
Welcome benefits
- • Axis Bank's own Neo Credit Card page advertises welcome offers on partner platforms including Zomato, Myntra and BookMyShow ('Lifetime Free with Offers on Zomato, Myntra & More'). Per Axis's official T&C revision notice, the Zomato offer (flat ₹120 off, minimum order ₹499, up to twice a month, code AXISNEO) is explicitly NOT available if payment is made via a UPI-linked NEO RuPay Credit Card — RuPay cardholders must pay via the card directly (not UPI) to redeem it. Exact current discount amounts/caps for the Myntra and BookMyShow offers could not be independently confirmed from Axis's own site, so specific figures are omitted here beyond the officially-confirmed Zomato terms.
Perks
- ✓Forex markup: 3.5%
- ✓UPI-linkable: the RuPay variant of the Neo Credit Card can be linked to UPI apps for QR/mobile payments, confirmed by Axis Bank's own official T&C revision notice — the Visa variant of Neo does not have this capability
- ✓Earns an estimated 1 EDGE Reward Point per ₹200 spent, redeemable via the EDGE Rewards catalogue — this specific rate is corroborated by multiple independent (non-aggregator) sources but is not stated as a flat rate anywhere on Axis Bank's own site, T&C documents, or fee schedule, so treat it as the best available estimate rather than an Axis-confirmed figure; fuel, utility bill payments, government institution payments, insurance, rent, wallet loads, education services and EMI conversions do not earn points (confirmed via Axis's official Neo T&C revision notice, applies across networks)
- ✓The Zomato welcome offer is void when paid via UPI using the linked RuPay card — pay with the physical card instead to redeem it, per Axis's official T&C notice
- ✓No fuel surcharge waiver: Axis Bank's official fee schedule explicitly excludes the Neo Credit Card from its standard 1% fuel surcharge refund that most other Axis cards receive — the 1% surcharge (or ₹10, whichever is higher) applies in full on fuel transactions
- ✓No complimentary domestic or international airport lounge access — Neo is not listed among eligible cards in Axis Bank's official Credit Card Lounge Access Program document
- ✓Forex/DCC markup figures sourced from the Visa variant's official fee schedule; RuPay's international acceptance is more limited than Visa's, so cross-border usability should be confirmed separately if that matters to you
- ✓Interest/finance charge on revolving balances and cash advances: 3.75% per month (55.55% per annum), per Axis Bank's official schedule
Common questions
- What is the annual fee on the Axis Bank Neo?
- The joining fee is ₹250. The annual fee is ₹250. Axis markets this card as 'Lifetime Free', but the bank's own official fee schedule (Most Important Terms and Conditions / Schedule of Charges) lists a ₹250 joining fee and a ₹250 annual fee from the second year onward for the Neo Credit Card, with no stated spend-based waiver — unlike cards such as ACE or Flipkart, Neo is not listed with a waiver condition in that schedule. The 'lifetime free' positioning appears to be channel/promotion-dependent, so confirm the fee terms shown at the point of application. Fee structure is shared across the Neo product's network variants; it was not found to differ specifically for RuPay.
- What are the reward rates on the Axis Bank Neo?
- Axis Bank Neo earns 0.5x points on all other spends.
- Does the Axis Bank Neo offer airport lounge access?
- No, the Axis Bank Neo does not include complimentary airport lounge access.
- Who is eligible for the Axis Bank Neo?
- Applicants typically need a minimum age of 18, and must be salaried or self employed. Exact criteria are set by Axis Bank and can vary by application.
- Is the Axis Bank Neo available on other networks?
- Yes, it's also issued on Visa. Same fees and reward structure as the RuPay variant, per Axis's own Neo T&C document, which describes both as one product. The RuPay variant adds UPI-app linking, which this Visa variant lacks — but its Zomato welcome offer is void when paid via UPI, a real functional restriction that doesn't apply to this Visa card.