Key facts
- Joining fee
- ₹250. Axis says it's lifetime free through "select channels" but doesn't say which.
- Annual fee
- Nil in the first year, ₹250 from the second
- Welcome benefit
- 100% cashback up to ₹300 on your first utility bill paid with the card within 30 days of issue
- Zomato
- ₹120 off orders of ₹499 or more with code AXISNEO, twice a month (not when paying by RuPay UPI)
- Blinkit
- 10% off up to ₹250 on orders of ₹750 or more, once a month
- Paytm bills
- 5% off mobile recharge, broadband and DTH up to ₹150 on ₹299 or more, once a month
- BookMyShow
- 10% off up to ₹100 a month. From 1 Nov 2026 you need ₹25,000 of card spend in the previous 3 months (new cards exempt for 3 months).
- Rewards
- 1 EDGE point per ₹200. No points on utilities, education, insurance, government, wallet, rent, fuel, gift cards or tolls.
- Fuel
- No fuel surcharge waiver on Neo
- Forex markup
- 3.5% + GST
- Eligibility
- Age 18–70, resident Indian or NRI. Axis doesn't publish an income requirement.
Checked against Axis Neo page, Neo offer terms, EDGE reward exclusions, Axis MITC on 28 Oct 2026. Fees exclude 18% GST.
Good
- Low fee, and nothing to pay in year one
- Partner offers on apps people use weekly
- RuPay variant works on UPI
Watch out
- 1 point per ₹200 is a token reward rate
- Every offer has a monthly cap and a minimum order
- BookMyShow offer needs ₹25,000 of quarterly spend from Nov 2026
- No fuel surcharge waiver
What it's worth in a month
If you use every offer once at its cap: two Zomato orders (₹240), one Blinkit order (up to ₹250), one Paytm bill (up to ₹150) and BookMyShow (up to ₹100). That's a ceiling of about ₹740 a month, and most people will use a fraction of it. Points add almost nothing.
The catch
Every benefit is a discount with a minimum order and a monthly cap, and Axis tightened several in 2025 and 2026: the Zomato minimum went from ₹200 to ₹499, and from 1 Nov 2026 BookMyShow needs ₹25,000 of spend in the previous three months. The "lifetime free" label applies only to certain channels that Axis doesn't name, so expect the ₹250 fee unless your offer says otherwise in writing.
Who it suits
A first or second card for someone who orders on Zomato and Blinkit every week and wants a low-cost card. If you want rewards on everything, look at the SBI Cashback card instead.
Applying
After the online form, most banks ask for a short video KYC call. Keep your original PAN card, a white sheet of paper and a pen ready. Here's how to get through it first time, and how to resume if you stopped midway.