Axis Bank Neo Credit Card

Axis Neo Credit Card Features and Benefits

The Axis Bank Neo Credit Card is a basic card that is a great option for those who want to start their credit journey with an affordable card with decent rewards and benefits. The following are the detailed features and advantages of the card:

Welcome Benefits

• 100% cashback up to ₹300 on utility bill payment.
• Cardholders can take advantage of these welcome benefits by making their first transaction within the first 30 days from the card set-up date.

Movies and Dining Benefit

• You get 15% off on dining at partner restaurants.
• This card entitles you to 40% off on food worth ₹200 and above from Zomato twice a month. The maximum discount per order is ₹120. You will have to use the coupon code AXISNEO to avail of the discount.
• You can book movie tickets on BookMyShow and get 10% off. However, the maximum benefit you can earn on movies is ₹100 per month.

5% off on Utility Bill Payments With Paytm

• You get 5% off on mobile/broadband and DTH recharge through Paytm.
• The maximum discount that can be availed is Rs. 150 per month.
• This discount can be availed once per month.

Benefits of Partnered Brands

• You get 10% off (up to ₹250) on a minimum spend of ₹750 on Blinkit once a month.
• You get ₹150 off on minimum shopping of ₹999 on Myntra.

UPI Spends

Since the Axis Bank Neo Credit Card is available in the RuPay variant, you can link it to your UPI application and make easy payments through your mobile phone.

Fuel Surcharge Waiver

• For all fuel transactions between ₹400 and ₹4,000, you get a 1% fuel surcharge waiver at all authorized fuel stations.
• The maximum benefit through fuel surcharge waiver is capped at ₹400 per month.

Axis Bank Neo Credit Card Rewards

• You also earn 1 EDGE REWARD point on every ₹200 spent on this card.
• No reward points are earned on fuel transactions, EMI transactions, wallet reloads, etc.

Reward Redemption

• Your earned EDGE REWARD points can be easily redeemed for purchasing vouchers, mobile & accessories, home decor items, and much more exciting products.
• 1 Edge Reward Point = ₹0.20.

Axis Bank Neo Credit Card Charges

The fees and charges associated with the Axis Bank Neo Credit Card are as follows:

• The interest rate on this credit card is 3.6% per month.
• The foreign currency markup fee on the Axis Bank Neo Card is 3.5% of the transaction amount.
• The cash advance fee on this card is 2.5% of the withdrawn amount, subject to a minimum of ₹500.

Axis Bank Neo Card Eligibility Criteria

Every credit card has different eligibility criteria that need to be fulfilled by the applicants in order to get approved for that particular credit card. The basic eligibility for any credit card is determined by a few factors, including your age, income, credit history, etc. However, the card issuer may also have some internal criteria. The following is the basic eligibility criteria for the Axis Bank Neo Credit Card:

• The age of the applicant should be between 18 years and 70 years.
• The applicant should have a stable source of income.
• The applicant should be a resident of India or a non-resident Indian.

Axis Bank Neo Credit Card Limit

The Axis Bank Neo Credit Card is a basic card, and hence, the credit limit with this card will not be very high. Also, the credit limit is not the same for each and every cardholder, but it can vary on the basis of their income, credit history, and a few other factors. Though your credit limit on the Axis Bank Neo Credit Card will not be very high in the beginning, you can always get it improved by maintaining a good credit history. Once you build a strong credit, you can request your card issuer to provide you with a higher credit limit.

How To Apply for The Axis Bank Neo Credit Card?

You can apply for the Axis Bank Neo Credit Card online as well as offline at their convenience. To apply offline, you can visit your nearest Axis Bank branch with all the required documents and fill in the physical application form. You can also apply for the Axis Bank Neo Credit Card online with Card Insider by clicking on the “Apply Now” button.

Axis Bank Neo Credit Card Application Status

If you have already applied for the Axis Bank Neo Credit Card, you can track the status of your application online as well as offline at your convenience. There are various methods for the same. To check the status online, visit the bank’s application tracking page and proceed accordingly. You can also check your application status offline by visiting your nearest branch or by contacting customer care.

Axis Bank Neo Credit Card Review

The Axis Bank Neo Credit Card is a highly affordable credit card targeting young individuals. It is very similar to the My Zone Credit Card, which comes with a  slightly higher annual fee and a few additional benefits. Keeping the spending habits of youngsters in mind, the Neo card offers a wide range of discounts on spending on Zomato, Myntra, Blinkit, and BookMyShow. On utility bills payment using Paytm, you earn a cash-back of 5%.

Moreover, this card makes it easier for you to redeem your accumulated reward points by choosing from  500+ redemption options available in the Edge Rewards Catalogue. So, with all such exciting benefits, the Axis Bank Neo Credit Card is a decent choice to opt for, especially for young individuals.

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