Axis Bank Neo Credit Card

Axis Bank · Open to apply

Axis's entry card built around merchant offers: ₹120 off Zomato twice a month, 10% off Blinkit and BookMyShow, 5% off Paytm recharges and Cleartrip discounts. Rewards are thin at 1 EDGE Reward point per ₹200, and there is no lounge access and no fuel surcharge waiver.

Annual fee
₹250 + GST a year
Joining fee
₹250 + GST
Base rate
1 EDGE Reward point per ₹200: 1 EDGE Reward points per ₹200 (about 0.1% at cash value)
Lounges
None on record
Forex markup
3.5%
Data
From bank documents, checked 6 Nov 2026

Earns nothing on

  • No points on utilities and telecom, education, insurance, government, wallet, rent, fuel, jewellery, gift cards, cash advances or EMI conversions
  • No points on bridge, road and toll fees

Where the sources disagree

  • Rent and reward points: The 2025-06-20 revision notice lists "Rent (capped at INR 50,000 per month)" among excluded categories without saying what the cap means, and none of Axis's other cards' notices carry the parenthesis. The Neo EDGE Reward Points T&C linked from the product page lists rent as excluded with no cap. Rent is entered as earning nothing.
  • Annual fee: The KFS and MITC list a ₹250 annual fee; the card listing shows ₹NIL for both fees and the product page says "Lifetime Free for select channels"; on 2026-11-06 the listing adds a lifetime-free offer valid till 2026-12-31. The ₹250 standard fee is entered.
  • How often the Cleartrip discount can be used: The Cleartrip offer PDF says "Both benefits are valid once per use per month" in its how-to-avail step 2 and "Offer is valid once per user, per product during the offer period" in step 5. The product page says both are applicable once per month. Entered as monthly, the product page's reading.

Terms the calculator does not value

  • Neo has no stated redemption value for a point. ₹0.20 is inferred from the MITC and the page's value chart, so every rewards number moves with it. At 1 point per ₹200 the points are worth about 0.1% of spend either way.
  • The merchant offers (Zomato, Blinkit, BookMyShow, Paytm, Cleartrip) are the card's main draw (the page counts up to ₹9,000 a year) but are not valued by the calculator.
  • The lifetime-free channels and the RuPay variant's fees and earn are not stated; the calculator values the ₹250 fee and the same 1-per-₹200 earn on every network, including UPI spends on RuPay.
  • Lifetime-free offer: Axis's card listing shows ₹NIL joining and annual fee with "Lifetime free offer valid till 31st December 2026" (first seen 2026-11-06), while the product page keeps ₹250 with "Lifetime Free for select channels". The calculator charges ₹250; a card taken under the offer pays nothing until it ends.

Sources

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