Axis Bank Neo Credit Card 2025 Features, Benefits, Fees & Charges, Eligibility, How to Apply?

January 5, 2025 by Penny Gusner

Features & Benefits

Lifestyle benefits on the Axis Bank Neo Credit Card

Enjoy appealing dining perks at affiliated restaurants in India through the Axis Bank Dining Delights initiative. Additionally, The Neo Credit Card provides movie vouchers.

Rewards Program: Get 2 rewards points for each Rs.200 spent with the Axis Bank Neo credit card through the eDGE Loyalty Program. These rewards points are redeemable from a special catalog on the Axis Bank website.

Secure Transactions: The credit card is equipped with an embedded EMV chip to enhance the security of your online transactions.

Lost Card Liability: Axis Bank provides Neo credit cardholders with zero liability insurance in case of a lost card. To avail of this benefit, cardholders must promptly report the loss to customer service, ensuring protection for all subsequent transactions.

EMI Facility: Transform your significant purchases into equal monthly installments with a repayment period of 6 to 24 months. Any purchase exceeding Rs.2,500 is eligible for installment conversion.

Dining Privileges: You have the opportunity to receive a discount of up to 15% on food bills at participating restaurants throughout India.

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Fees & Charges

Type of Charge	Amount
Joining Fees	Rs.250 (Waived off if Rs.2,500 spent in 45 days)
Annual Fees	Rs.250
Add-on card fee	Nil
Cash withdrawal fees	2.5% of the transaction amount; minimum of Rs.250.
Duplicate statement fee	Waived
Cash payment fee at the branch	Rs.100
Card replacement fee	Waived
Late payment fee	If the total due amount is: Below than Rs.100 – Nil From Rs.101 to Rs.300 – Rs.100 From Rs.301 to Rs.1,000 – Rs.300 From Rs.1,001 to Rs.5,000 – Rs.500 From Rs.5,001 to Rs.20,000 – Rs.600 Above Rs.20,000 – Rs.700
Penalty on over-limit	3% of the over-limit amount (Minimum of Rs.500)
Foreign currency transaction fee	3.50% of the transaction amount
Interest on cash advances	3.50% per month
Balance inquiry fee	Waived
Outstation cheque fee	Waived
Cheque return fee	Rs.300
Hotlisting fee	Nil

Axis Bank Neo Credit Card Limit

The Axis Bank Neo card’s limit is determined by the bank. The credit limit extended to the cardholder depends on various factors such as credit history, credit report, credit score, as well as existing debts.

Latest Offers by Axis Bank Neo Credit Card

Shopping Offers

• When you shop on Myntra.com, you will receive a 10% discount on orders of Rs.500 or more.
• Receive a discount of up to 20% on orders exceeding Rs.1,000 at BigBasket.
• EMI options are available for a variety of products from Croma, Reliance Digital, and Snapdeal.
• Get up to 100% cashback on mobile recharge transactions when you use the Freecharge app or website.
• Receive a 10% discount on orders of Rs.500 or more on Myntra.com.

Movie Offers: BookMyShow offers a 10% discount on movie ticket bookings, along with monthly benefits of up to Rs.50.

Travel Offers: Choose convenient EMI options for your travel reservations on Yatra and Goibibo. Get a discount of up to Rs.800 on your initial domestic and international flight booking on EaseMyTrip.

How to Redeem Reward Points Earned on Axis Bank Neo Credit Card?

The Neo credit card points you accumulate are valid for three years before they expire automatically. To ensure you can redeem them, it’s recommended to monitor your earned reward points regularly. Follow these steps to redeem your points:

1. Sign in to your online banking.
2. Choose ‘Account Summary’.
3. Select the ‘Axis eDGE Rewards’ option.
4. Agree to the terms and conditions, then click ‘Redeem Now’ to see your rewards.
5. Pick your desired reward category from the dropdown menu and add them.
6. Confirm your selection, and your points will be redeemed.

Eligibility

To be eligible for the Neo Credit Card, the following criteria must be satisfied:

1. The primary cardholder must be between 18 and 70 years old.
2. Add-on cardholders must be at least 15 years old.
3. Applicants may be residents or non-residents of India.

Documents for Applying For The Neo Credit Card From Axis Bank

1. Completed credit card application form.
2. Photocopy of PAN card or Form 60.
3. Verification of identity – PAN, driver’s license, Aadhaar Card, etc.
4. Proof of income – recent pay stubs, Form 16, copy of IT return, etc.
5. Proof of residence – Passport, Ration Card, utility bill, Aadhaar, etc.
6. Recent passport-sized color photos of the applicant.

The documents listed above are examples, and further documentation may be required for Neo credit card applications.

How to Apply for the Axis Bank Neo Credit Card Online?

1. Verify your eligibility by selecting ‘Check Eligibility’.
2. Provide the required information.
3. Upload the necessary documents as instructed.
4. Track your application status using the provided tracking ID.

How much can you save using Axis Neo Credit Card?

The card’s brand and dining discount offers are among its most advantageous features, providing up to a 40% discount on your purchases. In addition, you can enjoy the welcome bonus in the form of cashback and access the EDGE rewards program with this card. To determine your potential monthly savings with this card, let’s consider a hypothetical monthly spending scenario:

Category/Brand	Monthly Spends	Savings	EDGE Rewards
Utility Bill in the 1st month	Rs. 3,000	Rs. 300 cashback	15 points
Recharge via Amazon Pay	Rs. 3,000	Rs. 150 off	14 points
Zomato	Rs. 600	Rs. 240 off	1 point
Myntra	Rs. 3,000	Rs. 300 off	13 points
Blinkit	Rs. 2,500	Rs. 250 off	11 points
BookMyShow	Rs. 700	Rs. 70 off	3 points
Dining	Rs. 3,000	Rs. 450 off	12 points
Total	Rs. 15,800	Rs. 1,760	69 points

If you allocate Rs. 15,800 per month towards the mentioned platforms and expenses, you can reduce your spending to Rs. 14,040 and save Rs. 1,760, resulting in approximately 11% monthly savings. Additionally, you will earn 69 EDGE Reward points with this expenditure.

Comparison: Axis Neo Vs. SBI SimplyCLICK Vs. HDFC Millennia

Parameters	Axis Neo	SimplyCLICK	HDFC Millennia
Annual Fees	Rs. 250	Rs. 499	Rs. 1,000
Welcome Benefit	100% cashback up to Rs. 300 on the 1st utility bill payment within the 1st 30 days	Rs. 500 Amazon.in gift card on annual fee payment	Gift voucher worth joining fee
Base Rewards/ Cashback Rate	1 EDGE reward point per Rs. 200 spent	1 reward point per Rs.100 on all spends	1% cashback on all spends, except fuel, rent & govt. spends
Redemption Value	0.25	0.25	1
Accelerated Rewards/ Cashback	NA	• 10X rewards on online spends on Apollo 24X7, BookMyShow, Cleartrip, Eazydiner & Netmeds • 5X rewards on other online spends	5% cashback on Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber & Zomato
Movie Offers	10% off up to Rs. 100 per month on BookMyShow movie tickets	NA	NA
Dining Benefits	• Up to 15% off at partner restaurants on min. order of Rs. 1,500 via Dining Delights program • Up to 40% off on Zomato food delivery on min. order of Rs. 200 using code: AXISNEO	NA	Up to 20% off on partner restaurants via Swiggy Dineout Good Food Trail program
Other Co-branded Benefits	• 10% off up to Rs. 250 on Blinkit on min. order of Rs. 750 • 10% off on Myntra on min. order of Rs. 500 • 5% off up to Rs. 150/month on mobile/DTH recharges & broadband payments via Amazon Pay	NA	NA
Travel Benefits	NA	NA	8 Diners Club domestic lounge access per year
Milestone Benefits	NA	• Rs. 2,000 Cleartrip/Yatra voucher each on Rs. 1 lakh & Rs. 2 lakh annual online spends • Annual fee reversal on Rs 1 lakh annual spends	• Rs. 1,000 gift vouchers on Rs. 1 lakh quarterly spends • Renewal fee waived off on Rs. 1 lakh annual spends

Axis Bank Neo Credit Card Images