VVyaya

Axis Neo Credit Card: Fees, Rewards & Benefits

Rewards card

Vyaya Team · Jun 2026
5 min read
Apply Now

We may earn a commission if you apply through this link. It never affects our ratings.

Value Score
6.0 / 10
Annual Fee
₹0
Best For
Online shopper, First card holder
Network
Mastercard
Expert Verdict

A zero-fee starter card whose entire value is in its Zomato, Myntra and Blinkit discounts and the Rs.250 welcome voucher rather than rewards, since the base earn is a negligible ~0.1%. Worth keeping only if you regularly use those partner apps.

AXIS BANKMastercard
Axis Neo
Tap to see back →
REWARD SUMMARY
0.1% Base Rewards
Rewards card
← Tap to flip back

The Bottom Line

The Axis Neo is built for online shopper and first card holder. With no annual fee, it offers a welcome benefit worth ₹250 and welcome benefit - amazon voucher. It makes the most sense if your spending matches online shopper and first card holder.

It earns a base reward rate of 0.1% and stacks best when your spending lines up with Online shopper, First card holder.

What we like
+Lifetime free with zero joining and zero annual fee, so there is no cost to hold it.
+Welcome benefit of a Rs.250 Amazon voucher on the first transaction within 30 days of issuance.
+Strong everyday delivery discounts: 40% off Zomato up to Rs.120 (twice monthly), 10% off Myntra up to Rs.1,000 a month, and 10% off Blinkit up to Rs.250 a month.
+Low income eligibility at Rs.6 lakh makes it accessible to young, first-time cardholders.
What we don't
Very weak base earn of just 1 EDGE Reward Point per Rs.200 at 0.2/point, only about 0.1% back, with no accelerated reward categories.
No reward points on fuel, utilities, insurance, rent, education, government or wallet reloads.
High 3.5% foreign currency markup and no lounge access of any kind.
Rent attracts a 1% surcharge capped at Rs.1,500 per transaction and earns nothing.

Who Should Get This Card

Use this as a quick filter before comparing rewards or fees in detail.

Best fit for

Ideal
+
Online shopper

Frequent Zomato, Myntra and Blinkit users who will extract more from the monthly discount caps than from any reward points.

+
First card holder

Young users wanting a no-fee starter card to build credit history with handy app discounts.

Probably not for

Skip
Rewards collector

At roughly 0.1% base earning and no accelerated tiers, this card earns almost nothing in points.

Traveller

No lounge access and a 3.5% forex markup make it a non-starter for anyone who travels.

Is It Worth It For You?

Slide to your typical monthly card spend. We'll do the rest.

Calculate Your Value

Adjust your typical monthly spend by category.

Dining
05,000Max ₹50k
Est. Returns
Travel
010,000Max ₹1L
Est. Returns
Online & Shopping
08,000Max ₹80k
Est. Returns
Groceries
06,000Max ₹40k
Est. Returns
Annual rewards0
Welcome bonus (Year 1)+₹250
Annual feeFREE
Net Value (Year 1)+250
Net Value (Year 2+)+0

Sign in for personalized estimates based on your actual spending

Reward Rates

Axis Neo offers 0.1% basic reward rate.

Quick Calculator

Estimate earnings for a specific purchase

Flat 0.1% on all spends

Welcome Offer

Welcome Benefit

Amazon Pay gift voucher worth Rs. 250 on your first transaction. Also includes 100% cashback (max Rs. 30) on first mobile recharge, 6-month Blinkit membership, 3-month Zomato Pro membership, 1-month EazyDiner Prime membership, 1-month Pharmeasy Plus membership, and 6-month Wynk Premium subscription. All benefits are subject to activation within 30 days of card issuance.

Value: ₹250

Fees & Charges

Joining fee₹0
Annual fee₹0
Fee waiverN/A

Eligibility

  • Min Income: ₹6 Lakhs
  • Min Credit Score: 750
  • Age 18-70, Indian resident; lifetime free (select channels); min monthly income ₹15,000 salaried.

Exclusions & Terms

Forex markup

  • Foreign currency markup

Indian Railways/IRCTC

  • Surcharge as prescribed by Indian Railways/IRCTC is applicable, though a waiver is available.

Wallet Reload

  • Does not earn rewards.

EMI

  • Does not earn rewards.

Frequently Asked Questions

2 data-backed answers from our card database

What is the annual fee of the Axis Neo?+

The Axis Neo has no annual fee (lifetime free).

What rewards does the Axis Neo offer?+

It earns EDGE REWARD Points on spends.

Ready to apply?

No annual fee. Apply on the Axis Bank website.

Apply on Axis Bank

We may earn a commission if you apply through this link. It never affects our ratings.

Already have this card?See the best way to redeem Axis Neo points — channel by channel, valued in ₹.

Explore more on Vyaya