Axis Bank is the third-largest private sector bank in India. Established in 1993, this bank offers various customer segments a wide spectrum of financial services. With 4000+ domestic branches and 12000+ ATMs in the country, the network of Axis Bank spreads across 2000+ towns and cities, enabling the bank to reach out to a large cross-section of customers with an array of products and services.
The bank offers a wide range of customized credit cards to meet the needs of different individuals. The Axis Bank ACE Credit Card and the Axis Bank NEO Credit Card are among them. Read on to know more about the features and benefits of these two credit cards…
AXIS BANK ACE CREDIT CARD
- BENEFITS
- Unlimited cashback on every spend
- 5% cashback on bill payments – electricity, gas, internet, DTH, and mobile recharges
- 4% on Swiggy, Zomato and Ola
- 2% on all other spends
- No upper limit on cashback
- Lounge access
- 4 complimentary lounge visits per calendar at select domestic airports
- Valid at Bangalore, Chennai, Hyderabad, Pune, Mumbai, Delhi, and Kolkata airports
- Fuel surcharge waiver
- 1% fuel surcharge waiver on fuel purchases at all fuel stations across India
- Valid on transactions between ₹400 and ₹4000
- Maximum benefit of up to ₹500 per statement
- Dining delights
- Up to 20% off at 4000+ partner restaurants in India
- Convert purchases to EMI
- Convert all transactions worth ₹2500 or more into EMIs
- ELIGIBILITY CRITERIA
- The primary cardholder should be between the age of 18 and 70 years
- The individual should also be a resident of India
- FEES & CHARGES
- Joining fee – ₹499 (Reversed upon spends of ₹10000 within 45 days of card issuance)
- Annual fee – ₹499 from 2nd year (Waived off on annual spends greater than ₹200000)
- Finance charges – 3.6% per month, 52.86% per annum
- Cash withdrawal fee – 2.5% of the cash amount (Minimum ₹500)
- Foreign currency transaction fee – 3.5% of the transaction value
AXIS BANK NEO CREDIT CARD
- BENEFITS
- Activation benefit – on 1st spend within 30 days of issuance
- Amazon gift voucher worth ₹250
- 3-month subscription to Zomato Pro
- Grofers voucher worth ₹250
- 6-month subscription to 1mg
- Zomato
- 40% off on food delivery at Zomato
- The maximum discount is capped at ₹120 per order
- Offer applicable on minimum spends of ₹200
- Customers can avail the discount up to twice a month
- Cashback on utility bill payments
- 5% cashback on mobile recharges/ electricity bill payments/ DTH recharge done through the Paytm app
- The maximum cashback is capped at ₹150 per month
- Customers can avail the cashback once a month
- Power of ‘10’
- 10% off on Grofers once a month – up to ₹250 off on minimum spends of ₹750
- 10% off at Myntra on a minimum purchase value of ₹500
- 10% off on every purchase of a movie ticket on BookMyShow with monthly benefits up to ₹100
- Dining delights
- Minimum 15% off at partnered restaurants across India
- Spend securely
- All Axis Bank NEO Credit Cards are chip and PIN protected with an EMV verified chip
- EMV certified chips reduce the possibility of counterfeit and skimming fraud.
- Zero lost card liability
- With zero lost card liability, you are protected against any fraudulent use of your card from the moment the loss is reported.
- Convert purchases to EMI
- Convert all transactions worth ₹2500 or more into EMIs through multiple options – internet banking, mobile app, or customer service channel
- EDGE reward points
- 1 point on every ₹200 spent
- Redeem the EDGE points for 500+ rewards and offers
- ELIGIBILITY CRITERIA
- The primary cardholder should be between the age of 18 and 70 years
- Add-on cardholders should be over 15 years
- The individual should either be a Resident of India or a Non-Resident Indian
- FEES & CHARGES
- Joining fee – ₹250
- Annual fee – ₹250
- Finance charges – 3.4% per month, 49.36% per annum
- Cash withdrawal fee – 2.5% of the cash amount (Minimum ₹500)
- Foreign currency transaction fee – 3.5% of the transaction value
AXIS BANK ACE CREDIT CARD VS AXIS BANK NEO CREDIT CARD
If you are someone who is looking for cashback on every spend, then the Axis Bank ACE Credit Card is the right choice for you. You receive unlimited cashback on utility payments, food purchases, and all other spends. With the card also providing free airport lounge access, it is preferred by people who travel often.
On the other hand, if you are someone who is looking for discounts on various online stores, then the Axis Bank NEO Credit Card is the way to go. This card offers discounts on premium online stores like Amazon, Myntra and Grofers. People who want more lifestyle and entertainment benefits should opt for this credit card.
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