Neo is an Axis Bank Credit Card Type that offers its users plenty of discounts, offers, cashback, and reward points when shopping. It is considered to be one of the best Axis cards, especially for those who prefer online purchases. It comes with EMV chip protection and is considered to be the best card for millennials.
| Key Highlights of Axis Bank Neo Credit Card | |
| Card Type | Mid-level |
| Best Suited for | Online Shopping |
| Joining Fee | INR 250 |
| Renewal Fee | INR 250 |
| Welcome Benefits | Amazon gift voucher worth INR 250 after the first transaction |
| Best Feature | 10% off on shopping and grocery purchases |
Features and Benefits of Axis Bank Neo Credit Card
Mentioned below are the features and benefits 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
- Get 40% off on food delivery at Zomato.
- Use Coupon Code: AXISNEO
- Maximum Discount per order can be availed up to INR 120.
- The offer is applicable when a minimum of INR 200 is spent.
- It can be availed twice a month.
- 5% off on utility bill payments via Amazon Pay
- Get 5% off on mobile recharges, broadband bill payments, or DTH recharges done via Amazon Pay.
- Maximum Discount: INR 150 per month
- It can be availed once a month.
- Enjoy the âPower of 10â
- 10% off on Blinkit- Up to INR 250 off on minimum spends of INR 750, valid once a month.
- 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
- Get a discount of 15% at the partner restaurants in India up to INR 500.
- 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 the Mastercard shop for exciting cashback on popular brands, especially for MasterCard holders.
Documents Required
Mentioned below is the list of documents required to apply for Axis Bank Neo Credit 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
Processing Fees & Charges of Axis Bank Neo Credit Card
Mentioned below are the processing fees and charges of Axis Bank Neo Credit Cards:
| Descriptions | Charges |
| Joining Fee | INR 250 |
| Annual Fee (Second year onwards) | INR 250 |
| Add-on Card Joining Fee | Nil |
| Add-on Card Annual Fee | Nil |
| Card Replacement Fee | Nil |
| Cash Payment Fee | INR 100 |
| Balance Enquiry Charges | Waived |
| Finance Charges | 3.6% p.m. (52.86% p.a.) |
| Cash Withdrawal Fees | 2.5% (Minimum INR 500) of The Cash Amount |
| Overdue Penalty or Late Payment Fee | If the total payment due is less than INR 500 = Nil If the total payment due ranges between INR 501 â INR 5,000 = INR 500 If the total payment due ranges between INR 5,001 â INR 10,000 = INR 750 If the total payment due is greater than INR 10,000 = INR 1200 |
| Over Limit Penalty | 2.5% of over the limit amount (Min. INR 500) |
| Cheque return or dishonour Fee | 2% of the amount of the payment subject to a minimum of INR 450 and a maximum of INR 1,500 |
| Foreign Currency Transaction Fee | 3.50% of the transaction value |
| Fuel Transaction Surcharge Transaction | 1% of the transaction amount |
Eligibility Criteria
Mentioned below are the eligibility parameters that are to be met in order to apply for the Axis Bank Neo Credit Card:
- The minimum age of an applicant should be 18 years.
- The maximum age of an applicant should be 70 years.
- The minimum age of an add-on cardholder should be above 15 years.
- An individual should either be a resident or non-resident of India.
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% |
Limit of an Axis Bank Neo Credit Card
The limit of an Axis Bank credit card is determined at the sole discretion of the bank and depends on various factors like:
- Credit score
- Credit report
- Repayment history
- Past and existing debts
- Income and employment
Steps to Apply for an Axis Bank Card
Below are the steps to apply for an Axis Bank Credit Card:
Step 1: Open the official website of Axis Bank.
Step 2: Click on âCredit Cardsâ.
Step 3: Select the preferred credit card that suits your eligibility and needs.
Step 4: Check the eligibility criteria and upload the documents required, like proof of identity, address, and income.
Step 5: Click on âApply Nowâ.
Step 6: Fill out the application form by just entering personal, employment, and income details.
Step 7: Upload the documents, such as your PAN Card, Aadhar Card, Salary Slips, and Bank statement.
Step 8: Review the details entered and click on âSubmitâ.
Step 9: Wait for the bank to review and approve it.
Step 10: Once the application gets approved, your card will be delivered to the registered within 7-10 working days.
Step 11: Activate the credit card by following the instructions provided.
