moolahgeeks is no longer being updated. Our recommendations may be outdated and should not be relied upon. Learn more

Axis Bank NEO Credit Card

by Kshitiz V Sharma on

The Bottom Line

Axis Bank NEO Credit Card
Low Fee, (almost) No Rewards, Some Great Coupons

1 Rewards / ₹200 on all other spends, 40% off at Zomato, 5% off on utilities through Amazon Pay and 10% off on Myntra, Blinkit & BookMyShow.

Monthly Spend ₹5K ₹10K ₹20K ₹50K ₹100K
Net Reward Yield (-0.3%)^ (-0.1%)^ 0.0% 0.1% 0.1%
Est. Monthly Reward (₹) (20) (15) (5) 25 75
All-India Rewards Rank* 181 244 300 349 352
Within Bank Rank* 19 23 26 30 31
* Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here.

The Axis Bank NEO Credit Card gives 0.10% effective reward on all spending.

We estimate this card has a net reward yield of 0.1% on all spending with the card in a month, making it a very low reward card for Axis Customers.

The ACE Credit Card is the best credit card from Axis Bank for nearly everyone. We estimate most people will get net reward yield of 2.3% using this card for all their spending.

Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.


The Rewards

Card Axis Bank NEO Credit Card
Card Type Reward
Reward Features 1 Rewards / ₹200 on all other spends
Milestone Rewards Nil
Other Rewards – 40% off at Zomato (Capped at ₹120 / mth.)

– 5% off on utilities through Amazon Pay ( Capped at ₹150 / mth.)

– 10% off on Myntra, Blinkit and BookMyShow

– 15% off at partner restaurants with Axis Bank Dining Delights

Rewards Redemption Fee Nil
Reward Caps Unlimited
Preferred Redemption Method Redeem Edge Points on shopping, travel and e-voucher@₹0.20 / reward point


Fees & Charges

Card Axis Bank NEO Credit Card
Joining Fee ₹250
Annual Fee ₹250
Min. Annual Credit Card Spend
for Fee Waiver
N/A
Income Criteria Salaried N/A
Self-employed N/A
Supplementary Card Fee Free
Interest Rate 49.36% p.a.
Foreign Currency Markup 3.50%
Cash Advance Charge 2.50% with a minimum of ₹500

Rate this article

Comments are closed.

Questions? Suggestions? See a mistake? Write to us!

E-mail

More in Credit Cards

How much

How much are International Airline Miles worth in India?

by Kshitiz V Sharma on

Our analysis of 100s of flights shows that miles from international airlines are worth much less in India that they are globally, between 16-54% less. Their value in India is between ₹0.50/mile for the Etihad to ₹0.80/mile for BA & SQ.

RBL Bank Play Credit Card

RBL Bank Play Credit Card

by Kshitiz V Sharma on

2 Free Movie / Stream / Play / Events / Sports / Activities tickets up to ₹250 each and ₹100 off on F&B Spends on BookMyShow tickets.

RBL Bank Platinum Bonus Supercard

RBL Bank EasySaver SuperCard

by Kshitiz V Sharma on

8 reward points / ₹400 on bill payments & education and 1 point on all other spends. Fuel surcharge waiver of up to ₹100 per month.