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.