Axis BankNeo
Axis Bank ·
Neo
Joining ₹0 · Annual ₹0 · Lifetime free
Earns brand offers. The value arrives as merchant discounts rather than an earn rate
Verified 13 Aug 2026Forex markupNot stated, assume 3.5%
EMI₹299 plus GST below ₹50,000, ₹599 plus GST at ₹50,000 and above processing fee · A converted purchase stops earning rewards · The fee is charged on every conversion and is not refunded if you cancel or pre close. Tenures run 3 to 24 months.
Return by category
| Category | Return | Notes |
|---|---|---|
| Online spend | 0% | Base rate |
| Amazon | 0% | Base rate |
| Flipkart | 0% | Base rate |
| Subscriptions & OTT | 0% | Base rate |
| Offline spend | 0% | Base rate |
| UPI spending | 0% | No RuPay variant is published, so UPI linking is unavailable |
| Dining | 0% | Base rate |
| Swiggy | 0% | Base rate |
| Zomato | 0% | Base rate |
| Groceries | 0% | Base rate |
| Quick commerce | 0% | Base rate |
| Swiggy Instamart | 0% | Base rate |
| Blinkit | 0% | Base rate |
| BigBasket | 0% | Base rate |
| Movies & shows | 0% | Base rate |
| BookMyShow | 0% | Base rate |
| PVR INOX | 0% | Base rate |
| Fuel | 0% | Base rate |
| Travel (general) | 0% | Base rate |
| Flights | 0% | Base rate |
| Hotels | 0% | Base rate |
| MakeMyTrip | 0% | Base rate |
| IRCTC rail | 0% | Base rate |
| International | −3.5% | 0% reward − 3.5% forex markup |
| Utilities & bills | 5% | 5% off utility bill payments, recharges and DTH made through Paytm, per Axis's own page. Caps sit in the offer terms · The discount needs the Paytm route |
| Rent | 0% | Base rate |
| Education fees | 0% | Base rate |
| Insurance premiums | 0% | Base rate |
| Government & tax | 0% | Base rate |
| Wallet loads | 0% | Base rate |
| Anything else | 0% | Base rate |
| Jewellery | 0% | Base rate |
Rates are the card's own published rates, before any spend profile. Add this card inMy cards to rank it against the rest of your wallet.
Also worth knowing
- Activation offer: 100% cashback up to ₹300 on the first utility bill payment in 30 days
What we liked
- Lifetime free with no conditions
- 5% off utility bills and recharges through Paytm
- Standing Zomato, Myntra and movie offers
What to mind
- Earns nothing at all as points or cashback on ordinary spends
- Every benefit is an offer that Axis can rewrite
- The utility discount requires the Paytm route
Sources
Every figure above comes from the issuer's own pages and documents. Last verified 13 Aug 2026.