Axis Neo Credit Card Review – September 2024 Offers & Benefits

If you're on the lookout for a budget-friendly credit card that offers great discounts on food delivery, online shopping, and entertainment, the Axis Neo Credit Card might just be what you need. This card, available as lifetime free from Axis Bank, is ideal for those who frequently use platforms like Zomato, Amazon Pay, Myntra, and BookMyShow. Let’s dive into all the benefits and features, as well as potential drawbacks of this card, so you can decide if it fits your needs.

What are the Key Features of Axis Neo Credit Card?

1. Discounts on Zomato: Get up to 40% off on food orders made via Zomato.
2. Cashback on Utility Bills: Enjoy 5% cashback on utility bill payments made through Amazon Pay.
3. Discounts on Popular Platforms:

• 10% off on purchases made on Blinkit, Myntra, and BookMyShow.

1. Reward Points: You earn 1 reward point for every ₹200 spent, which can be redeemed for various offers.
2. Welcome Offer: On your first utility bill payment via Amazon Pay, receive 100% cashback up to ₹300.

Who Should Consider the Axis Neo Credit Card?

This credit card is ideal for young professionals or anyone who spends frequently on online platforms like Zomato, Amazon, Myntra, and Blinkit. It’s also a solid option for those looking for zero annual fee credit cards and cashback on utility bill payments.

Pros & Cons of Axis Neo Credit Card

Pros:

• Lifetime Free card with no annual or renewal fees.
• Attractive discounts on Zomato and BookMyShow for food lovers and movie buffs.
• Cashback offers on Amazon Pay for utility bills.

Cons:

• The reward rate is on the lower side (0.2% on regular spends).
• Discounts are merchant-specific, meaning the benefits are primarily useful only if you shop on the partner platforms.

Commonly Asked Questions About Axis Neo Credit Card

Is the Axis Neo Credit Card Really Lifetime Free?

Yes! As of September 2024, Axis Bank has removed the joining and annual fees, making it a lifetime free card for new customers.

What Cashback Do I Get on Utility Bill Payments?

You get 5% cashback when you pay utility bills via Amazon Pay using your Axis Neo Credit Card.

Are There Any Hidden Charges?

There are no hidden annual fees, but standard charges like late payment fees and interest rates apply if you miss a payment.

Does the Axis Neo Credit Card Offer EMI Conversion?

Yes, you can convert high-value purchases into EMIs at a nominal rate.

Is the Axis Neo Credit Card Worth It?

The Axis Neo Credit Card is perfect for frequent online shoppers and foodies who can take full advantage of the partner-specific discounts. However, the reward rate is not as high as other premium cards, so if you’re looking for a card with a better reward-to-spend ratio, you may want to explore alternatives.

FAQs

1. What is the annual fee for Axis Neo Credit Card? The card is now lifetime free with no annual fees.
2. How much cashback can I get on Amazon Pay? You get 5% cashback on utility bills paid via Amazon Pay.
3. What is the Zomato discount? You can get up to 40% off on your orders via Zomato using this card.
4. Does the card have a rewards program? Yes, it offers 1 reward point for every ₹200 spent.
5. Are there any fuel surcharge waivers? The Axis Neo Credit Card does not have any specific fuel surcharge waiver.
6. Can I use this card for international transactions? Yes, but standard foreign transaction fees will apply.
7. Is there a contactless payment feature? Yes, the Axis Neo Credit Card supports contactless payments for quick and secure transactions.
8. What is the interest rate on the Axis Neo Credit Card? The interest rate varies but is typically around 2.95% per month.
9. Does the card offer travel benefits? While there are no specific travel benefits, it does offer entertainment and dining discounts.
10. Can I convert my purchases into EMI? Yes, purchases above a certain limit can be converted into EMIs.

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Author - Abhishek Sonawane

Abhishek Sonawane, an MBA graduate from the prestigious Indian Institute of Management Visakhapatnam (IIMV), brings over ten years of experience in the finance domain. His extensive background includes various roles in financial management and strategy, providing him with a comprehensive understanding of the financial landscape. Abhishek’s expertise and dedication to financial education make him an authoritative voice in personal finance, helping readers make informed financial decisions.