Axis Bank Neo
Entry-level Axis Bank card marketed as lifetime-free, earning an estimated 1 EDGE Point per ₹200 spent (unconfirmed on Axis's own site) with partner discount offers on Zomato, Myntra and BookMyShow.
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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.
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'). The bank's page is JavaScript-rendered and specific current discount amounts/caps for these partner offers could not be independently confirmed from Axis's own site as of this writing, so exact figures are omitted here rather than sourced from third-party aggregators — check the live offers page before applying.
Perks
- ✓Forex markup: 3.5%
- ✓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)
- ✓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
- ✓1.5% Dynamic Currency Conversion (DCC) markup plus taxes applies if paying in INR at an international merchant or POS
- ✓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.
- 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 RuPay. Same Neo product as the Visa variant, issued on RuPay instead — this is confirmed by Axis Bank's own official 'Revision of NEO Credit Card Terms and Conditions' notice, which explicitly refers to a 'UPI linked NEO RuPay Credit Card,' and is corroborated by CardInsider. The RuPay variant can be linked to UPI apps for mobile payments, which the Visa variant cannot. One documented difference beyond UPI linking itself: Axis's official T&C notice states the Zomato welcome offer (flat ₹120 off, min. order ₹499, twice a month, code AXISNEO) is NOT eligible when the payment is made via a UPI-linked NEO RuPay card — so RuPay cardholders should pay via the physical/card-present route rather than UPI to redeem that specific offer.