Axis Bank Neo Credit Card is a good option for youngsters or those new to credit cards who spend moderately on online shopping and utilities. If you are starting to take credit cards, you can take an Axis Bank Neo credit card
Card Type: Cashback
Benefits and rewards
- Welcome, offer Rs. 250 Amazon gift voucher, 3 months Zomato Pro subscription, 6 months Grofers subscription, 6 months 1mg subscription.
- Earn 1 EDGE Reward point for every Rs. 200 spent.
- Redeem reward points for over 500 items.
- 15% off on dining with partner restaurants.
- 10% off online spending on Myntra, Freecharge, and Redbus.
- 5% cashback on utility bill payments via Paytm.
- Offers on Blinkit, Myntra, and BookMyShow.
Charges
- Joining fee: You’ll have the Rs. 250 fee waived if you spend Rs. 2,500 or more within 45 days of getting the card.
- Annual fee: Rs. 250 (starts from second year).
- Annual interest rate: 46.78%.
- Cash advance fee: 2% of the amount or Rs. 450 minimum.
Eligibility (generally)’’
- PAN card
- Identity proof
- Income proof
- Residence proof
Other features
- EMI facility including no-cost EMIs on select products.
- Zeero Lost liability card insurance.
Pros & Cons
Pros
- Low annual fee: Compared to other credit cards, its annual fee is quite low and you can recoup your joining fee by spending up to the limit to get the joining fee waived off in the first year.
- Discounts and cashback: With the help of this card, you can get discounts on fashion, entertainment, bill payments, and many other expenses.
- Wide partner network: The card offers you good benefits on a lot of famous brands
- Easy on the wallet: This card is great for those who are new to credit cards.
Cons
- Limited reward program: The Edge Rewards points system lets you earn points at a lower rate than other cards and provides multiple options for redeeming points.
- Capped discounts: There is a limited limit on most high-discount categories
- Not ideal for big spenders: If you spend more then the reward points of this credit card will not prove beneficial for you.
- High-interest rates: To avoid interest charges, pay your bill in full on time every month because the interest rate on this credit card is very high.
This credit card can prove to be a good option for those people who are new to credit cards and spend very little on online shopping.
Please Read Our other credit card reviews
Disclaimer:
CredBanking will not be responsible if there is any change in the information of Axis Bank Neo Credit Card because we have obtained the card information from the internet and website.
