Axis Bank Neo credit card
Axis BankVisaEntry-level

Neo credit card

Discount-led starter card: Zomato, Blinkit, Myntra and BookMyShow offers.

35
Personal score35/100● Weak fit
Recurring net savings₹2,266/yrafter fee, GST and caps · bills paid in full
First-year value₹1,971no welcome offer, ₹295 joining fee
Effective savings rate0.7%on ₹3,26,640 card spend · 6% = full marks
Annual fee (incl. GST)Waived ₹295waiver at ₹50,000 spend
Lounge access✈ noneyou can use 0 of your visits
PersonaliseOfficial page ↗

Source: Axis Bank – Neo product page · last reviewed 2026-09-12

Standard profile
Scored for Typical Indian cardholder · ₹32k/monthBills paid in full · first-year offers shown separately · set up your profile to score cards for your own spend

Why it fits – and what to watch

hover any tile for the detail
₹1,680/yr40% off Zomato up to ₹120 (twice a month)
Waived₹295 fee
0/2lounge visits covered
1/1lifestyle perks matched
₹36,000earns nothing (fuel)

! No usable lounge access although you asked for it.

Where the money comes from

₹2,266/yr · 0.7%
40% off Zomato up to ₹120 (twice a month)on ₹16,800₹1,680
Base rate 0.1% on other spendson ₹2,25,840₹226
Excluded categories (no rewards)on ₹84,000₹0
Fuel surcharge waiver₹360

UPI QR spend is left out – not a RuPay card (UPI is counted once, on RuPay cards only).

How ₹2,266/yr is calculated
Neo
+ Reward value on your spendat ₹0.2/EDGE Reward Points realistic value
₹1,906
+ Fuel surcharge waiver1% up to ₹250/month
₹360
+ Annual fee incl. 18% GSTwaived – ₹295 at ₹50,000 spend
₹0
= Recurring net savings
₹2,266/yr
÷ card spend counted UPI-only rupees excluded on non-RuPay cards
₹3,26,640
= Effective savings rate
0.7%

How the score of 35 is built

weights total 100% · methodology
Net savings rate14/100 × 55%7.7
Usable lounge access0/100 × 15%0.0
Redemption flexibility80/100 × 10%8.0
Lifestyle fit100/100 × 10%10.0
Simplicity80/100 × 5%4.0
Fee safety100/100 × 5%5.0

Airport lounges with this card

This card has no complimentary lounge access. Find cards that get you in →

Card facts

💳 Base earn0.1%value on eligible spend
⚡ Accelerated10% 40% off Zomato up to ₹120 10% 10% off Blinkit up to ₹2505% 5% off Myntra
🚫 No rewards onfuelrentutilitiesinsuranceeducation
🏷️ Fees₹295/yr incl. GSTwaived on ₹50,000 spend · joining ₹250
🎁 Welcome (year 1)none
🏁 Milestonesnone
✈️ Lounge✈0 dom🌏0 intlNone
🌏 Forex markup3.5%+ GST on the markup
🔁 Redemption₹0.2/EDGE Reward Points ★★★★☆1 ERP = ₹0.20.
🧩 Simplicity★★★★☆set and forget
🎯 Lifestylefuel waiver
🪪 EligibilityIncome ₹3L+/yr

At a glance

  • Tiny fee
  • Discounts land instantly
  • Easy approval
  • Almost no base rewards
  • Caps are small
  • No lounge

Compare Neo with

Community Q&A on the Neo

Threaded questions from cardholders · the Advisor can add a computed answer.

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Frequently asked questions

What is the annual fee of the Axis Bank Neo?

Joining fee ₹250 and renewal fee ₹250, plus 18% GST (₹295 a year). The renewal fee is waived if you spend ₹50,000 in the card year.

Does the Neo give airport lounge access?

No lounge access. None.

How much can I save with the Neo?

For our example profile (Typical Indian cardholder (₹32k/month)) the recurring net saving is ₹2,266 a year, an effective savings rate of 0.7% after the fee. Use Find My Card to see your own number – it depends on where you spend and which caps you hit.

What are the Neo's reward exclusions and caps?

No rewards on fuel, rent, utilities, insurance, education. 40% off Zomato up to ₹120 (twice a month): capped at ₹240 a month; 10% off Blinkit up to ₹250: capped at ₹250 a month; 5% off Myntra: capped at ₹300 a month

Sources

Reviewed 2026-09-12. Point values are our realistic estimates – see methodology. Also: Neo lounge access by airport · all Axis Bank cards · change log.