AXIS
Axis Bank Neo Credit Card
Good fit when rewards, fees, and forex fit your spend pattern — ₹250 annual fee.
What you'd do with it
- Works when a ₹250 annual fee is acceptable for the accelerated earn rates.
Annual fee ₹250 per year
Forex markup 3.5% high
Lounge access 0 no lounge
Rewards / ₹100 1 pts base
The catch Forex markup is 3.5%, so this can get expensive for frequent international spends.
- Waiver condition missing
- Annual fee known
- Forex markup known
- No lounge access
- Monthly interest known
At a glance
Snapshot · usage · fitFast facts
- Annual fee
- ₹250 lower than 88 of 112 cards
- Joining fee
- ₹250
- Forex markup
- 3.5% the standard rate (matches 66 cards)
- Lounge access
- No complimentary lounge access
- Reward rate
- 1 pts / ₹100
- No fuel surcharge waiver is available on this card.
Not a fit for
- No domestic lounge access
Still worth it?
Evidence-backed snapshotGood fit if
- Annual fee is relatively low at ₹250.
- Use this when the base earn rate is enough after checking caps, exclusions, and redemption terms.
Verify before applying
- Annual fee known
- Waiver condition missing
- Forex markup known
- No lounge access
- Monthly interest known
- Welcome benefit timing and claim process.
- Annual fee waiver terms and eligible spend exclusions.
- Issuer fees, GST, finance charges, and late-payment terms.
- Reward terms to verify: base earn is 0.75 points per ₹150, but caps, excluded categories, and redemption rules are not fully structured.
Next best move
Is this good for lounge access?
No lounge access.
Is this good for international spends?
Forex markup is 3.5%, so frequent international spends may be costly.
Is the annual fee easy to recover?
Value depends on usage and waiver terms. GST may apply on the annual fee.
When do welcome benefits arrive?
No welcome benefit is listed. Check the issuer welcome email, MITC, and current offer page if this benefit matters.
Watch outs
Before choosing this card- Forex markup is 3.5%, so frequent international spends may be costly.
Reward reality
Point value · limits · exclusionsVerified value₹0.2 per pointCatalogue
Estimated usage
Example usage at this monthly spend
₹
- At this monthly spend, you'd earn: ~500 pts/month (base earn · uses base/general earn rate)
- Fee waiver conditions unclear — verify
- Forex cost ~₹1,750 per ₹50k international spend
Illustrative only, using current base rates and snapshot data.
Benefits & charges
Side-by-side factsBenefits
Lounge Access
- Domestic (cardholder)
- No complimentary lounge access
- International (cardholder)
- Not included
Rewards
- Points per ₹100
- 1 pts value depends on redemption
- Headline point value
- ₹0.20 per Reward Point (Catalogue) · verified 7 Jul 2026 Operator-verified headline rate — full channel grid in Redemption value.
Redemption value
- You earn
- Reward Points
- Catalogue
- ₹0.20 per Reward Point · verified 7 Jul 2026
Fees & charges
Fees
- Monthly interest rate
- 3.75% / month
- Annual fee
- ₹250
- Joining fee
- ₹250 · verified 7 Jul 2026
- Interest-free period
- Up to 50 days · verified 7 Jul 2026
International Use
- Forex markup
- 3.5%
4 sources agree · verify issuer terms before applying
Where to verify
- Axis official page
- CardInsider
- BankBazaar
- Operator-verified anchor
- Issuer site (verify current terms) (opens in new tab)
- Product tier
- Entry-level
Fuel Benefits
At the pump- No fuel surcharge waiver is available on this card.
- Fuel transactions do not earn reward points.
Annual fee break-even math
When does this card pay for itself ₹1.3L Break-even using base rewards to offset ₹250 fee
Base rewards only: at base earn rates, you need roughly ₹1.3L in yearly spend to offset the ₹250 annual fee.
Compare with similar cards
Similar tier · similar benefitsThe fine print
Caps · exclusions · sources · last refresh- Annual fee: ₹250.
- Forex markup currently listed at 3.5%.
- No complimentary lounge access.