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Side-by-Side Comparison|Updated March 2026

Axis Bank LIC Platinum Credit Card vs Axis Bank Neo Credit Card

Detailed comparison of fees, rewards, benefits, and value to help you choose the right credit card for your spending pattern.

Axis Bank

Axis Bank LIC Platinum Credit Card

7/10
Annual FeeFree
Base Rewards0.66%
NetworkVisa
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Axis Bank

Axis Bank Neo Credit Card

7.2/10
Annual Fee₹250
Base Rewards0.2%
NetworkVisa
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Feature-by-Feature Comparison

FeatureAxis Bank LIC Platinum Credit CardAxis Bank Neo Credit Card
Annual FeeFree₹250
Joining FeeFree₹250
Fee Waiver SpendN/AN/A
Base Reward Rate0.66%0.2%
Reward CurrencyPlusPointsEDGE Reward Points
NetworkVisaVisa
Editor Rating7/107.2/10
Forex Markup3.5%3.5%

Accelerated Rewards

Axis Bank LIC Platinum Credit Card

  • 0% on LIC Premium Payments

Axis Bank Neo Credit Card

No accelerated rewards listed

Pros & Cons

Axis Bank LIC Platinum Credit Card

Pros

  • Lifetime free entry-level card
  • 2X rewards on LIC premium payments
  • 1% fuel surcharge waiver
  • Lost card liability insurance cover

Cons

  • No airport lounge access
  • Lower reward point value (₹0.66) compared to Signature variant
  • Limited redemption options

Axis Bank Neo Credit Card

Pros

  • 40% off on Zomato up to ₹120 per order (twice monthly, min spend ₹499).
  • 5% off on utility bills via Paytm up to ₹150 per month.
  • 10% instant discount on Blinkit (up to ₹250) and BookMyShow (up to ₹100).
  • Flat ₹150 off on Myntra for select styles on minimum spend of ₹999.

Cons

  • Very low base reward rate of 0.1% (1 point per ₹200).
  • No complimentary airport lounge access.
  • Reward points excluded on fuel, rent, insurance, and utilities.

Our Verdict

Axis Bank LIC Platinum Credit Card edges ahead overall with a stronger combination of rewards and value. However, Axis Bank Neo Credit Card could be the better pick if its specific category strengths match your spending habits.

Choose Axis Bank LIC Platinum Credit Card if

A simple, no-cost card to earn rewards on LIC premiums.

Choose Axis Bank Neo Credit Card if

Low entry barrier and easy approval for those with basic income.

Frequently Asked Questions

Which is better: Axis Bank LIC Platinum Credit Card or Axis Bank Neo Credit Card?
Axis Bank LIC Platinum Credit Card edges ahead overall with a stronger combination of rewards and value. However, Axis Bank Neo Credit Card could be the better pick if its specific category strengths match your spending habits.
What is the annual fee difference between Axis Bank LIC Platinum Credit Card and Axis Bank Neo Credit Card?
Axis Bank LIC Platinum Credit Card has no annual fee, while Axis Bank Neo Credit Card has an annual fee of ₹250.
Which card has better rewards: Axis Bank LIC Platinum Credit Card or Axis Bank Neo Credit Card?
Axis Bank LIC Platinum Credit Card offers a base reward rate of 0.66% with accelerated rewards on LIC Premium Payments. Axis Bank Neo Credit Card offers 0.2% base rewards. The better choice depends on your primary spending categories.
Can I have both Axis Bank LIC Platinum Credit Card and Axis Bank Neo Credit Card?
Yes, many users hold multiple credit cards to maximize rewards across different spending categories. Axis Bank LIC Platinum Credit Card and Axis Bank Neo Credit Card can complement each other if they cover different reward categories.
Which card is better for beginners: Axis Bank LIC Platinum Credit Card or Axis Bank Neo Credit Card?
For beginners, Axis Bank LIC Platinum Credit Card may be more approachable with no annual fee. However, evaluate based on your expected spending pattern rather than fee alone.

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