Axis Bank Neo Credit Card: Features, Benefits, And Rewards – Everything You Need to Know

Credit cards have become more than just a means of transaction – they’ve transformed into sturdy money management tools that come with a lot of perks. One such product in the Indian market is the Axis Bank Neo Credit Card. It’s a great option for those hoping to score a low-fee, high-reward card — particularly for those new to credit cards or looking to maximize their everyday purchases.

In this article, we’ll deep-dive into the Axis Bank Neo Credit Card and dissect its features, and the eligibility criteria to apply, fees, and how it fares against other cards in the market.

Summary of Axis Bank Neo Credit Card

About Axis Bank Neo Credit Card

The Axis Bank Neo Credit Card is a rewards credit card that has been uniquely designed to offer you great benefits on categories such as dining, entertainment and online shopping. It’s ideal for people who want the ability to accumulate rewards points on everyday spending, without the requirement to spend heavily on high-end services.

At the end of the day, the Axis Bank Neo Credit Card is a low-fee card with benefits, and annual fees as well as spend criteria are within reach. If you want to maximize your everyday spends and do not have a credit card yet, this is a great way to start.

Salient Features of Axis Bank Neo Credit Card

The Axis Bank Neo Credit Card has the right features for everyone. Let’s further discuss regarding these vital features:

Joining and Annual Fee

• Joining Fee: ₹500 + GST (It is waived off on purchase of an eligible purchase done in first 30 days).

• Renewal Fee: ₹500 + GST (waived off on spends of ₹50,000 in a year).

Reward Points

• 5X Reward Points on online spends – except on shopping and bill payments done on e-commerce sites.

• 1X Reward Point on all other spend categories for every ₹100 spent.

Reward Redemption: The Points can be redeemed for merchandise, gift vouchers and other rewards on the Axis Bank Rewards Portal.

Discount and Offers on E-commerce

• Avail up to 20% off on top shopping sites – Flipkart, Amazon, Myntra and more with your Axis Bank Neo Credit Card.

• Exclusive discounts on tickets and travel bookings via Axis Bank’s travel partners.

Fuel Surcharge Waiver

• Waiver of 1% Fuel Surcharge on purchase of petrol at all petrol pumps in India with maximum surcharge waiver of ₹250 per statement cycle.

Lounge Access

• 2 free visits per year to domestic airport lounges. Relax at the airport before your flight.

Advantages of the Axis Bank Neo Credit Card

Although the characteristics of a credit card are certainly significant, it is often the benefits which make the difference.

Perks of the Axis Bank Neo Credit Card

The Axis Bank Neo Credit Card comes with a host of excellent benefits, which make it a really attractive option for a variety of users.

Welcome Benefits

• Once signed up, new cardmembers receive discounts or cashback offers from partner brands.

• This card also comes with an instant welcome benefit of ₹500 vouchers that can be used for shopping on leading e-commerce sites and dining.

Online Shopping Rewards

5X Reward Points on online spends is may be one of the good cards for online shopping. This card pays you back for whatever you buy, whether it’s clothes, gadgets or even payments toward your bills.

For those who make online purchases frequently, that’s a considerable benefit, as cardholders can rack up points fast.

Dining Privileges

Axis Bank Neo Credit Card customers can avail special dining deals. They can get discounts and cashback at the best places to eat in India. This includes participating partner brands that offer discounts off spends when dining with the card.

Insurance Coverage

The card also features purchase protection and fraud liability insurance, so cardholders can have peace of mind when shopping.

• Accidental insurance coverage: With the Axis Bank Neo Credit Card, you get accidental death or permanent disability coverage to further secure our card holder.

24/7 Customer Support

Axis Bank provides 24*7 customer support to attend all your questions, complaints, or suggestions related to the credit card. And whether you need help with reward points, offer activations or to report your lost card, their customer service is there to help.

Earning and Using Your Reward Points

Earning Reward Points

The Axis Bank Neo Credit Card offers a straightforward approach to rewards. You get 1 Reward Point for every ₹100 of spending on regular purchases. You will get to earn 5X Reward Points per ₹100 spent while shopping online, this is great for shoppers who shop online a lot.

Redeeming Reward Points

Axis Bank offers an easy way for you to redeem your reward points through Axis Bank Rewards Portal. Here are a few ways you can redeem those points:

• Gift Cards: Redeem your points for store vouchers from your favourite brands or online retailer.

• Merchandise: Gift cards – Purchase / redeem gift cards at/ from merchant’s stores against your reward points – merchant list to be shared on the Axis Rewards Portal.

• Travel and Hotel Stays: You can redeem points for discounts and stays in hotels or for travel bookings.

What Makes Axis Bank Neo Credit Card Unique in the Market

Though there’re many credit cards in India that come with different features, the Axis Bank Neo Credit Card has etched itself as a low cost – high reward card – for frequent online shoppers and people who love dining out.

Comparison with Other Credit Cards

With HDFC Moneyback Card

Though the HDFC Moneyback Credit Card does earn you reward points, it falls short compared to the Axis Bank Neo Credit Card, which earns 5X Reward Points on online spends, find some more cards on top here.

This is where the Axis Bank Neo Card scores as it provides you with lounge access, which the HDFC Moneyback lacks.

With ICICI Amazon Pay Credit Card

There are benefits for online shopping with both the Axis Bank Neo Credit Card and the ICICI Amazon Pay Credit Card.

However, what Axis Bank Neo offers as 5X Rewards on online spends is applicable on a wider array of categories and partner platform than ICICI Amazon Pay offer, which is again more specific to shopping on Amazon itself and cashback.

Eligibility for the Axis Bank Neo Credit Card

Eligibility

Before you decide to apply for the Axis Bank Neo Credit Card, you should meet a few basic eligibility criteria. They can vary depending on your income status and financial profile but here’s what the criteria typically look like:

• The age of the applicant: The applicant should be from 21 to 60 decades.

• Income: The card is usually issued to those who earn a net monthly income of ₹25,000 or more.

• Cibil Score: You need to have a good credit score (Above 750) to get approved of this credit card.

Final Thoughts

The Axis Bank Neo Credit Card comes close to a great credit card for anyone seeking a low-cost card with great rewards, benefits, and perks, but without the high fees that accompany other premium cards. No matter if you shop online, eat out a lot, or just like to travel, this card has something for you.

Yet, with its 5X Reward Points per Rs 150 spent on online purchases, plus access to lounges, and discounts on dining and shopping, it is a versatile and cost-effective card. The Axis Bank Neo Credit Card offers good value, with moderate joining and renewal fees and some juicy benefits (like getting the renewal fee waived on achieving spends).

The Axis Bank Neo Credit Card is the ideal card for the ones looking to maximise their spending every day. The low-hanging rewards, redeeming flexibility, and extra benefits of lounge access and dining offers makes it virtually an excellent tool for finances and earning on the run.

So, if you are one of those who love online shopping or dining out, loves to travel, and are on the lookout for a credit card that makes it easier for you to earn good rewards, and are not so much with the paper work of a credit card, then the Axis Bank Neo Credit Card could just be the one you are looking for.