M16S / Axis Bank / Axis Neo Credit Card
entry · rewards, lifetime-free, upi
Axis Neo Credit Card
The Axis Neo Credit Card costs Rs 250 a year. Its base return is 0.1% (1 EDGE RP per Rs 200). The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's documents and an aggregator on 12 Oct 2026.
- Annual fee
- Rs 250+ GST
- Fee waived at
- —
- Base return
- 0.1%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
What changed on this card
- Axis Bank movie offers need Rs 25,000 spend from 1 November 2026
From 1 November 2026, Axis Bank MY ZONE, PRIVILEGE, SELECT and NEO cardholders must spend Rs 25,000 in the previous 3 months to use the card's movie offer.
- Axis Bank stops rewards on bridge fees, road fees and tolls, August 2026
From 28 Aug 2026 spends on bridge fees, road fees and tolls earn no rewards or cashback on these Axis Bank cards. Gift card purchases move to their own spend category and still earn nothing. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
- Axis Bank sets a Rs 1,300 late fee on dues of Rs 50,000 and above, August 2026
From 28 Aug 2026 the late payment fee is INR 1,300 for outstanding balances of INR 50,000 and above. Below INR 50,000 the fee is unchanged. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
- Axis Bank raises the foreign currency markup from 1.5% to 3.5%, August 2026
From 28 Aug 2026 the dynamic currency conversion markup rises to 3.5% from 1.5% on these Axis Bank cards. Source: Axis Bank, campaign.axis.bank.in, read 28 Oct 2026
- Axis Bank can forfeit unredeemed EDGE points 30 days after card closure, Oct 2025
From 1 Oct 2025 Axis Bank reserves the right to forfeit unredeemed EDGE Reward Points and EDGE Miles 30 days after card closure, or when the minimum amount due is outstanding for more than 90 days. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
- Axis Bank adds 1% fees on wallet, fuel, utility, education and gaming, Dec 2024
The MITC lists a 1% fee applicable from 20 Dec 2024 on wallet loads from INR 10,000, fuel from INR 50,000, utilities from INR 25,000 and online skill-based gaming from INR 10,000 per statement cycle, and on third-party app education payments. Source: Axis Bank, axis.bank.in, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Rs 250 |
|---|---|
| Annual fee | Rs 250 |
| Fee notes | Issuer fee table: joining fee Rs 250; annual fee nil in year 1 and Rs 250 from year 2; lifetime free for select channels. |
Rewards
| Welcome benefit | 100% cashback up to Rs 300 on first utility bill payment within 30 days of issuance |
|---|---|
| Reward currency | EDGE Reward Points |
| Base earn | 1 EDGE RP per Rs 200 |
| Base return | 0.1% |
| Point value | Rs 0.20 per point |
| Spends that earn nothingunverified | Fuel, utilities, insurance, EMI, wallet, rent, government, education |
| Points expiry | 3 years from earning; all points also lapse after 365 days with no earn, redemption or login (EDGE Rewards T&C) |
| Milestone benefits | None |
| Reward notes | base_return_pct = 1 point per Rs 200 x Rs 0.20 = 0.1%. Value is in partner discounts, not points. Issuer fee table shows a reward redemption fee applies ('Yes') without the amount; aggregator reports Rs 99 + GST. |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Forex markup | 3.5% |
| Fuel surcharge waiver | None: issuer page fee table lists the 1% fuel surcharge with no refund, and MITC lists Neo among cards with no fuel surcharge refund |
| Other freebies | Zomato flat Rs 120 off on Rs 499+ twice a month (code AXISNEO); Paytm 5% off mobile/broadband/DTH recharges, up to Rs 150 once a month on Rs 299+; Blinkit 10% off up to Rs 250 on Rs 750+ once a month; BookMyShow 10% off movie tickets up to Rs 100 a month; Cleartrip flat 7% off flights (up to Rs 2,000) and 18% off hotels (up to Rs 4,000), each once a month; Dining Delights; zero lost card liability; Wednesday offers |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | Nil up to Rs 500 due; Rs 500 (501-5,000); Rs 750 (5,001-10,000); Rs 1,200 (10,001-50,000); Rs 1,300 above 50,000; plus Rs 100 per cycle if minimum due is missed two cycles running |
| Cash advance fee | 2.5% of amount, min Rs 500 |
| Eligibility | Age 18-70 (add-on 18+); resident of India or NRI. No income figure published. |
| Fine-print notes | Before the 2026-10-12 page read: fees and interest from MITC; rewards and offers from aggregator. Product page read 2026-10-12 confirms the Rs 250 fee structure, 1 point per Rs 200, activation cashback, partner offers, 3.5% forex and 3.75% interest. The page does not list reward exclusions or the card network. Network: Axis's own RuPay category page (https://www.axis.bank.in/cards/credit-card/rupay-credit-card, read 2026-10-12) lists this card among its RuPay credit cards. Conflicts resolved from issuer page read 2026-10-12: fuel_surcharge_waiver: aggregator claimed '1% on Rs 400-4,000, cap Rs 400 a month' -> issuer page shows the 1% surcharge with no refund (matches MITC); set to none |
Questions
- What is the annual fee of the Axis Neo Credit Card?
- Rs 250 a year, before GST.
- Does the Axis Neo Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the Axis Neo Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Axis Neo Credit Card?
- Fuel, utilities, insurance, EMI, wallet, rent, government, education