Business & Finance

“Experience the Future of Banking: A Deep Dive into the Axis Bank Neo Credit Card”

"Experience the Future of Banking A Deep Dive into the Axis Bank Neo Credit Card"Axis Bank offers many different types of credit, debit, prepaid cards, travel cards, commercial cards, etc. Amongst all, credit cards are exclusively focused on shopping, travel, rewards, cashback, etc. Axis Neo Card is designed for online shopaholics to provide discounts on top brands like Amazon, BookMyShow, Myntra, Paytm, and many more. Also, it offers many privileges on movie tickets, groceries, and food orders. Axis Neo is a good option for those who are new to credit cards and want to save on online expenses.

Should You Apply For This Card?

Mentioned are the reasons that one should apply for Axis Bank Neo Credit Card:

  • You are a frequent online shopper.
  • If you prefer direct discounts and do not want to put more effort into the redemption of the rewards.
  • If you are looking for a card with low annual fees.
  • If you want to get discounts on co-brands.

One should not opt for this card for below-mentioned reasons:

  • If you want a high reward rate.
  • If you are a frequent traveller and looking for travel-related benefits.
  • In case you are looking for lounge benefits with Axis Priority Pass.
  • In case you can pay high annual fees to get elevated benefits.
  • If you want a card with co-branded benefits on a specific brand.

Eligibility Criteria

Mentioned below are the eligibility parameters in order to apply for an Axis Bank Neo Credit Card:

  • The minimum age of the primary cardholder should be 18 years.
  • The maximum age of the primary cardholder should be 70 years.
  • The minimum age of the add-on cardholder should be above 15 years.
  • An applicant should be either an Indian Resident or a Non-Resident.

Perks and Privileges

Mentioned below are the perks and privileges of Axis Bank Neo Credit Card:

  • Activation Benefit

100% cashback up to INR 300 on the first utility bill payment within the first 30 days of card issuance.

  • 40% off on Zomato

  1. Get 40% off on food delivery at Zomato.
  2. Use Coupon Code: AXISNEO
  • Maximum Discount: INR 120 per order
  1. Offer applicable on minimum spend of INR 200.
  2. It can be availed twice a month.
  • 5% off on utility bill payments via Amazon Pay

  1. Get 5% off on mobile recharges, broadband bill payments, or DTH recharges done via Amazon Pay.
  2. Maximum Discount: INR 150 per month
  • It can be availed once a month.
  • Enjoy the ‘Power of 10’

  1. 10% off on Blinkit- Up to INR 250 off on minimum spends of INR 750, valid once a month.
  2. 10% off on Myntra on a minimum purchase of INR 500.
  • 10% off on every purchase of a ticket on BookMyShow with monthly benefits of up to INR 100.
  • Dining Delights

  1. Get a discount of 15% at the partner restaurants in India up to INR 500.
  2. Minimum order value: INR 1500
  • Valid twice a month for max benefits of up to INR 1000.
  • Spend Securely

These cards are chip and Pin-protected with an EMV-certified chip credit card for unrivalled protection.

  • Stay Protected with Zero Lost Card Liability

In case the card is stolen or misplaced, call the customer care number, i.e. 18605005555 or 18604195555.

  • Convert Purchases to EMI

Convert the credit card purchases into EMI via net banking, mobile app, or customer care on any transaction over INR 2500

  • Earn Edge Rewards Points

Receive Edge Rewards points for transactions and use them to redeem 500+ rewards and offers. Earn 1 point on every 200 spent.

  • Network Offers

Log in to Mastercard shop for exciting cashback on popular brands in case of MasterCard holders.

Fees and Charges

Mentioned below are the fees and charges of Axis Bank Neo Credit Card:

Type of Fee or Charge Amount
Joining Fee INR 250
Annual Fee INR 250
Finance Charges 3.4% p.m. (49.36% p.a.)
Late Payment Charges For Outstanding Amount-

●  Less than INR 500: Nil

●  From INR 501 to INR 5,000: INR 500

● From INR 5,001 to INR 10,000: INR 750

●  Greater than INR 10,000: INR 1,200

Documents Required

Mentioned below is the list of documents required to apply for Axis Neo Card:

  • PAN card photocopy or Form 60
  • Colour photograph
  • Latest pay slip/Form 16/IT return copy as proof of income
  • Residence proof (any one of the following):
  • Passport
  • Ration Card
  • Electricity bill
  • Landline telephone bill
  • Identity proof (any one of the following):
  • Passport
  • Driving license
  • PAN card
  • Aadhaar card

Value Chart

Mentioned below is the value chart of the Axis Bank Neo Credit Card:

Details Monthly Benefits (INR) Annual Benefits(INR)
Activation Benefit: 100% Cashback up to INR 300 on the first Utility bill payment within the first 30 days of card issuance   300
Food ordering at Zomato 240 2880
Utility Bill Payments via Amazon Pay 150 1880
Grocery shopping at Blinkit 250 3000
The movie spends on Bookmyshow 100 1200
Online shopping at Myntra 100 1200
Edge Rewards   100
Total Benefit (Year 1)   10,560
Total Benefit (Year 2 onwards)   10,360
Annual Benefit as a % of spends   10%

How do you apply for an Axis Bank Neo Credit Card online?

Mentioned below are the steps to apply for an Axis Bank Neo Credit Card:

Step 1: Open the Axis Bank’s official page.

Step 2: Visit the tab “Credit Cards”. Then, browse the different options available and then select the desired credit card as per your requirements and eligibility.

Step 3: Upload the documents required, like proof of identity, income, and address.

Step 4: Next, click the tab “Apply Now” button to initiate the process of application.

Step 5: Fill out the application form, review the details entered in the form, and submit.

Step 6: The bank will then review the same and may contact you for any further assistance.

Step 7: Once the credit card application gets approved, the credit card is delivered to the address registered with the bank within the next 7-10 working days.

Step 8: Next, activate the credit card as per the instructions provided along with it. Alternatively, it can also be done via Internet Banking or by calling Axis Bank customer care.

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