Axis Bank Neo

Axis Bank Neo Credit Card is an entry-level lifestyle credit card designed for everyday savings on food, utility bills, shopping, and entertainment. It is a low-cost (often lifetime free) card that offers discounts on popular platforms like Zomato, Paytm, Blinkit, and Myntra, making it ideal for young users and first-time credit card holders.

✔️ Applicant must be an Indian resident or NRI (subject to bank conditions)
✔️ Age: 18 to 60 years
✔️ Salaried or self-employed individual
✔️ Stable income source
✔️ Good CIBIL score (750+ preferred)

✔️ Joining Fee: ₹250 (lifetime free in select offers)
✔️ Annual Fee: Nil (1st year), ₹250 from 2nd year onwards
✔️ Interest Rate: ~3.5%–3.75% per month (~42%–55% p.a.)
✔️ Cash Withdrawal Fee: 2.5% (min ₹500)
✔️ Foreign Currency Markup: ~3.5%
✔️ Late Payment Charges: As per bank policy

✔️ Identity Proof (PAN Card mandatory)
✔️ Address Proof
✔️ Income Proof (Salary Slip / ITR / Form 16)
✔️ Passport-size photographs

Q1. Is Axis Bank Neo Credit Card lifetime free?
Ans. Yes, it is lifetime free in select offers; otherwise ₹250 annual fee applies from the second year.

Q2. What cashback does Neo Credit Card offer?
Ans. You get discounts on Zomato, 5% cashback on Paytm utility payments, and offers on Blinkit, Myntra, and BookMyShow.

Q3. Is this card good for beginners?
Ans. Yes, it is one of the best entry-level credit cards for first-time users.

Q4. Are reward points available?
Ans. Yes, you earn 1 EDGE Reward Point per ₹200 spent.

Q5. Can I convert transactions into EMI?
Ans. Yes, transactions above ₹1,500 can be converted into EMI.