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Axis Bank
Axis Bank Neo
Mastercard
Axis Bank Neo
A lifetime-free-track entry card built around everyday lifestyle discounts (Zomato, Blinkit, BookMyShow, Paytm) rather than a strong ongoing reward rate.
Rates and fees last verified 19 July 2026.
Annual fee
₹250
Joining fee
₹250
Reward type
points
Base reward rate
0.5%
Card network
Mastercard
Card tier
Entry
Reward rates by category
- Dining10% (capped ₹240/monthly)
- Groceries10% (capped ₹250/monthly)
- Utilities5% (capped ₹150/monthly)
Eligibility
- Age: 18–70
Benefits
- 100% cashback up to ₹300 on the first utility bill payment within 30 days of card issuance
- 1 EDGE Reward point per ₹200 spent, redeemable across 500+ options
- Partner discounts on Zomato, Blinkit, BookMyShow, Paytm bill payments, and Cleartrip flights/hotels
Pros
- + No annual fee via the lifetime-free digital channel offer
- + Solid everyday partner discounts (food, groceries, movies, bills)
- + Simple, broad eligibility (18–70, resident or NRI)
Cons
- − Weak baseline reward rate (~0.5%) outside partner offers
- − No published income/employment eligibility criteria to size up against
Applying takes you to Axis Bank's site. We may earn a commission if you're approved — see our disclaimer. Final terms and approval are solely at the issuer's discretion.