Unlocking the Perks: Axis Bank Neo Credit Card Review

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

1. Get 40% off on food delivery at Zomato.
2. Use Coupon Code: AXISNEO
3. Maximum Discount per order can be availed up to INR 120.
4. The offer is applicable when a minimum of INR 200 is spent.
5. 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
3. 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.
3. 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
3. 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 – INR 5,000 = INR 500 If the total payment due ranges between INR 5,001 – 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 “Credit Cards”.

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 “Apply Now”.

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 “Submit”.

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.