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Axis Bank Neo
A lifetime-free-track entry card built around everyday lifestyle discounts on Zomato, Blinkit, BookMyShow, and Paytm rather than a strong ongoing reward rate — dining and grocery spend earns an accelerated 10 EDGE points per ₹200, but each category cap is modest. It suits first-time cardholders who want partner-merchant savings on daily spend without worrying about a fee, since the ₹250 joining/annual fee is waived through the digital-channel offer. Base spend outside the bonus categories earns a weak 0.5% and there's no lounge or travel benefit at this tier.
Annual fee
₹250
Joining fee
₹250
Reward type
points
Base reward rate
0.5%
Card network
Mastercard
Card tier
Entry
Who this card fits
Best suited to applicants who clear the standard eligibility bar whose spend is concentrated in dining, online shopping. It's worth the annual fee mainly if your points value clears it.
Rewards & benefits
- Movie & dining: Recurring discounts on Zomato dining orders and BookMyShow movie bookings through the EDGE partner offers page. From 1 Nov 2026 movie offers need ₹25,000 of eligible spend in the previous three calendar months
- Rewards rate: 0.5% base rate
Benefits by category
- 🍽️ Dining & food delivery
10% reward rate (capped ₹240/monthly) · 1 EDGE Reward point per ₹200 spent on general purchases, plus accelerated 10 EDGE points/₹200 on dining and groceries and 5 EDGE points/₹200 on utilities (each capped monthly), redeemable across 500+ options on the EDGE Rewards portal · Ongoing partner discounts on Zomato (dining), Blinkit (groceries), BookMyShow (movies), Paytm bill payments, and Cleartrip flights/hotels — the card's main everyday value driver
- 🛒 Groceries
10% reward rate (capped ₹250/monthly)
- 🏨 Hotel
Ongoing partner discounts on Zomato (dining), Blinkit (groceries), BookMyShow (movies), Paytm bill payments, and Cleartrip flights/hotels — the card's main everyday value driver
- 🧾 Utilities
5% reward rate (capped ₹150/monthly)
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Age: 18–70
Fees & charges
- Rewards redemption fee: ₹99 redemption processing fee applies when redeeming EDGE Reward points for vouchers/statement credit
- Foreign currency markup: 3.5%
- Interest rate: 45% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waiver at fuel stations across India, capped at ₹400 per statement cycle
- Cash advance charges: 2.5% of the cash amount withdrawn, minimum ₹500
Benefits
- 100% cashback up to ₹300 credited automatically on the first utility bill payment made within 30 days of card issuance
- 1 EDGE Reward point per ₹200 spent on general purchases, plus accelerated 10 EDGE points/₹200 on dining and groceries and 5 EDGE points/₹200 on utilities (each capped monthly), redeemable across 500+ options on the EDGE Rewards portal
- Ongoing partner discounts on Zomato (dining), Blinkit (groceries), BookMyShow (movies), Paytm bill payments, and Cleartrip flights/hotels — the card's main everyday value driver
Pros
- + No annual fee via the lifetime-free digital channel offer
- + Accelerated 10x rewards on dining and groceries, 5x on utilities
- + Solid everyday partner discounts across food, groceries, movies, and bill payments
- + Simple, broad eligibility (age 18–70) with no published income floor
Cons
- − Weak 0.5% baseline reward rate outside bonus categories and partner offers
- − Monthly category caps (as low as ₹150–250 cashback-equivalent) limit upside for higher spenders
- − No lounge access, travel, or insurance benefits at this entry tier
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