Axis Bank Neo

Axis Bank

Axis Bank Neo is a no-frills, entry-level credit card designed for first-time credit card users and young professionals who want meaningful cashback on online shopping without paying high annual fees. With zero joining fee and an annual fee of just ₹250 — reversed on spending ₹25,000 per year — the card is one of the most affordable cashback cards available in India. The card's 2% cashback on online shopping across Amazon, Flipkart, Myntra, and other major e-commerce platforms provides meaningful savings for digital natives who do most of their shopping online. For someone spending ₹10,000 per month on online shopping, this translates to ₹200 per month or ₹2,400 per year in cashback — a 9.6x return on the annual fee. Dining and food delivery cashback of 1% on Swiggy, Zomato, and restaurant spends addresses another high-frequency spending category for urban professionals. The 0.5% cashback on grocery and supermarket spends provides modest but consistent value for daily household purchases. The card's minimum income requirement of ₹1.5 lakhs per annum makes it accessible to young professionals starting their careers, students with part-time income, and gig workers with seasonal earnings. The ₹25,000 annual spending threshold for annual fee reversal is approximately ₹2,083 per month — highly achievable for most working individuals. While the card offers no airport lounge access, fuel surcharge waiver, or premium travel benefits, its value proposition is simplicity and affordability: a straightforward cashback card with no annual fee pressure and decent returns on online shopping and dining. Source: Axis Bank official website, updated May 2026.