Pros And Cons Of The AXIS Bank Neo Credit Card

Online shopping is popular these days because anyone can shop anywhere, without going out of the house. With a credit card in hand, paying for items becomes easy and hassle-free, plus, you can earn rewards points. The latter is possible if you have the AXIS Bank Neo Credit Card with you.

Having the AXIS Bank Neo Credit Card offers a host of benefits to cardholders. From attractive discount perks and free vouchers to cashback benefits, this credit card is a valuable addition to your wallet. The highlight of this card is the reward points you can earn for making purchases online.

Read on to know more about the AXIS Bank Neo Credit Card. We’ve compiled the pros and cons of the card, as well as the fees, charges, and the application process.

AXIS Bank Neo Credit Card Application

Highlights Of The AXIS Bank Neo Credit Card

The credit card offers attractive privileges to cardholders. With this card, you can get benefits such as 10% off online shopping and movies. In addition, you will receive Rs 300 to Rs 500 in vouchers as a welcome gift. Even further, you can get 15% off at partnering restaurants in India.

Aside from these key highlights, the bank also offers card services like paying bills at ATMs, mobile banking, and access to credit card statements online. Moreover, the bank ensures that cardholders will have peace of mind when shopping online. The eShop Card can be used to make purchases online without providing your credit card details.

Cons Of AXIS Bank Neo Credit Card

Although this credit card provides a lot of benefits for cardholders, there are also some downsides involved in using it. For instance, the card charges a joining fee of Rs 250, and this will be waived only if you will spend about Rs 2,500 in the first 45 days.

For the interest rate, the card’s APR is at 46.78%, which is definitely higher compared to other credit cards. If there is an emergency and you want to withdraw cash from your credit card, 2.5% of each cash withdrawal will be added on top of your bill.

Finally, cardholders can only enjoy the discount of up to 15% in selected or partnered establishments in India. For online shopping, the 10% discount only applies to purchases made at Myntra.

Credit Card Application And Eligibility

Applicants can submit their applications online. In order to qualify for the AXIS Bank Neo Credit Card, applicants must be 18 to 70 years old, a legal resident of India, and employed. The bank also asks for supporting documents to verify the information provided.

Some of the documents needed are the following.

  • Passport, Aadhaar card or any valid identification card
  • Form 60 or PAN card
  • Colored photograph
  • Latest payslip (proof of income)
  • Form 16
  • Electricity or landline telephone bill (proof of residence)

The AXIS Bank will provide a decision approximately 21 days after the application is submitted. For the credit limit, note that the bank decides what specific amount to give successful applicants. This limit will be based on an applicant’s capacity to pay and other financial circumstances.

AXIS Bank Neo Credit Card Fees And Charges

As mentioned, this credit card charges Rs 250 as the joining fee. The same amount is charged for the annual fee of the credit card. For retail purchases, the interest per month is 3.25% or 46.67% annually.

Failing to settle the credit card balance also has a fee. For balances Rs 10,001 and above, the charge is Rs 700. If you only have a credit card balance of Rs 1,001 to Rs 5,000, the late payment fee will be Rs 500.

AXIS Bank Neo Credit Card

AXIS Bank Contact Details

You can visit the company’s corporate office located at Axis Bank Limited, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai, India. You can also reach the bank through their hotline numbers +91-22-24252525 for customer service and +91-406-717-4100 for international calls.


If you are looking for a credit card with impressive benefits and discounts, the AXIS Bank Neo Credit Card is a good choice. This is designed for individuals who love to shop at Myntra and other establishments. Overall, this credit card is suited for people who basically spend a lot on shopping, dining, and entertainment. However, credit card discipline is a must for every cardholder.

*Note: There are risks involved when applying for and using a credit card. Consult the bank’s Terms and Conditions page for more information.