Axis Bank Neo Credit Card
Axis Bank
A genuinely free entry card, best suited to someone with no existing Axis credit card.
Free
Joining fee
Free
Annual fee
None found in the Schedule of Charges (no spend threshold). Paisabazaar's claim that the fee is 'waived if applied via Paisabazaar' is a channel-specific promotional waiver, not a bank-wide official term.
3.5%
Forex markup
3.8 / 5
Rating
Eligibility
Estimated minimum income: ₹15,000+/month
Estimated — not officially confirmed by the bank.
Estimated minimum CIBIL score: 620+
Estimated — not officially confirmed by the bank.
Age: 18–70
Indian resident or NRI; documents required: PAN card, income proof, residence proof (aggregator-sourced); income/CIBIL threshold not disclosed.
Key features
- Currently lifetime-free for new customers (not valid for existing Axis cardholders)
- ₹300 utility welcome benefit
- 10% off Blinkit/BookMyShow
Reward details
1 reward point per Rs 200 spent (aggregator-sourced)
Welcome bonus: 100% cashback up to Rs 300 on the first utility bill payment
Redemption
EDGE Rewards catalogue; a Rs 99 redemption fee applies per aggregator.
- Zomato Rs 120 off (twice monthly, min. Rs 499).
- Blinkit 10% off up to Rs 250 (min. Rs 750 order).
- BookMyShow 10% off up to Rs 100/month.
- Myntra Rs 150 off (min. Rs 999).
- Paytm utility bill payments 5% off up to Rs 150/month.
- No fuel surcharge waiver (aggregator-sourced).
Real-world feedback
Sourced from user reviews and comparison sites (aggregator/user-sourced), not confirmed by the bank.
Praise
- Low fee; direct/automatic discounts on popular platforms with no redemption hassle; great option for frequent online shoppers — Paisabazaar
Complaints
- Low reward points earning rate; capped discount benefits; offers minimal value beyond partner brands — Paisabazaar
Sources
- Official — fees
- Official — product listing
- Aggregator — eligibility, lounge, rewards, sentiment