Axis Bank offers two enticing lifetime free credit cards – the Axis MyZone Credit Card and the Axis Neo Credit Card. But with overlapping benefits, choosing the right one can be tricky. Don’t worry, this blog post will be your guide!
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Features and Benefits:
Axis MyZone Credit Card:
- Enjoy a complimentary annual SonyLiv premium subscription worth Rs. 999, perfect for streaming enthusiasts seeking entertainment.
- Get discounts on online shopping, with Rs. 120 off on a minimum spend of Rs. 500 twice a month, offering a maximum discount of Rs. 240 per month.
- Avail a Buy One Get One Free offer on movie tickets through Paytm Movies, allowing the second ticket to be 100% off, with a maximum discount of Rs. 200 per calendar month, ideal for frequent moviegoers.
- Access discounts on fashion, with up to Rs. 1000 off on select styles on a minimum spend of Rs. 2999, catering to those with a penchant for fashion.
- Enjoy 4 complimentary lounge accesses within India per year, enhancing the travel experience for cardholders seeking relaxation and comfort during their journeys.
Axis Bank Neo Credit Card:
- Enjoy welcome benefits, including Rs. 250 in Amazon gift vouchers, a 3-month subscription to Zomato Pro, a 6-month subscription to Grofers, and a 6-month subscription to 1mg, providing immediate value upon card activation.
- Earn one Edge Reward point for every Rs. 200 spent, allowing cardholders to accumulate points for redemption against a variety of items, enhancing their rewards program experience.
- Access discounts on various platforms, including 10% off on Grofers, Myntra, and movies, catering to individuals who frequently shop online and enjoy entertainment, enabling them to save on their purchases.
- Receive 5% cashback on utility bill payments through Paytm, providing additional savings on essential expenses, making it convenient for cardholders to manage their bills.
- Avail a 15% discount at participating restaurants, enabling cardholders to dine out at discounted rates, enhancing their dining experiences while saving money. Additionally, enjoy a waiver of 1% fuel surcharge at all Indian petrol stations, helping cardholders save on fuel expenses.
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Charges and Fees:
Axis Bank My Zone Credit Card:
- Joining Fee: Rs. 500.
- Annual Fee: Nil for the first year, Rs. 500 from the second year onwards.
- Finance Fee for Retail Purchases and Cash: 3.4% per month (49.36% per annum).
- Cash Withdrawal Charges: 2.5% of the amount withdrawn (minimum Rs. 500).
Axis Bank Neo Credit Card:
- Joining Fee: Rs. 250
- Annual Fee: Rs. 250
- Late Payment Charges: Nil for amounts less than Rs. 500; Rs. 500 for amounts ranging from Rs. 501 to Rs. 5,000; Rs. 750 for amounts ranging from Rs. 5,001 to Rs. 10,000; Rs. 1,200 for amounts greater than Rs. 10,000
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Eligibility:
Axis Bank My Zone Credit Card:
- Primary cardholder: Indian resident or Non-Resident Indian (NRI), aged between 18 and 70 years
- Add-on cardholder: Above 15 years of age
Axis Bank Neo Credit Card:
- Age: 18 – 70 years
- Occupation: Salaried or self-employed
- Residence: NRI or Indian
Documents Required:
Axis Bank My Zone Credit Card:
- Copy of PAN card or Form 60
- Recent colour photo
- Income Proof: Recent payslip/Form 16/ITR copy
- Residence Proof: Passport/Ration Card/Electricity Bill/Landline Telephone Bill
- Identity Proof: Passport/Driving License/PAN Card/Aadhar Card
Axis Bank Neo Credit Card:
- Aadhar Card, PAN Card, Passport, Driving Licence, etc.
- Form 16, most recent salary slip, most recent ITR, etc.
- Evidence of residence – Aadhar Card, Electricity bills, Passport, etc.
In conclusion, both the Axis Bank My Zone Credit Card and the Axis Bank Neo Credit Card offer unique features and benefits suited to different spending habits and preferences. While the My Zone Credit Card caters more to entertainment and lifestyle needs with its lounge access and movie ticket discounts, the Neo Credit Card focuses on online shopping and dining benefits, making it a versatile option for individuals looking to save money on essential expenses.
