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Welcome Bonus

Activation Benefit

100% cashback up to Rs. 300 on first utility bill payment within first 30 days of card issuance

Reward Points

Get 40% off on food delivery at Zomato* with your NEO Credit Card (Maximum discount is capped at Rs. 120 per order)

Get 5% off on mobile recharges/Broadband payment/DTH recharge done through Amazon Pay

10% off every time you shop at Myntra on a minimum purchase value of Rs. 500

10% off on every purchase of movie ticket on BookMyShow with maximum monthly benefits up to Rs. 100.

 

Fee and Charges
Joining Fees
Annual Percentage Rate
 52.86 %
Minimum Repayment Amount
 5 %
Cash Withdrawal Fee
 2.5 %
Cash Advance Limit
 40 %
Cash Replacement Fee
Foreign Transation Fee
 3.50 %
Over Limit Penalty
 2.50 %
Fuel Transation Surcharge
 1 %
Reward Point Value
Late Payment Charges
Balance from  501 to 5000
Balance from  5001 to 10000
Balance from  10001 to   25000
Balance from   25001 to 50000
Balance more than   50000
Example
STATEMENT CYCLE:25 OF EACH MONTH
Type Transaction Date Amount
Jio Mart 14‑Jan‑24
Payment
Received 10‑Feb‑24

Example for interest computation: If full payment of is made by Payment Due Date, no interest would be levied. In the above example interest will be charged as follows in the statement dated 25‑Feb‑24.

Type Transaction Date Outstanding Balance Up to Date Days Interest Rate Interest
Jio Mart 14‑Jan‑24 10000 25‑Jan‑24 11 2.99% p.m. /36% p.a. 108.49 (11/365 days*36%* 10,000)
Opening Balance on 25‑Jan‑24 10000 10‑Feb‑24 16 2.99% p.m. /36% p.a. 157.81 (16/365 days*36%* 10,000)
Payment of ₹7,000 on 10‑Feb‑24 10‑Feb‑24 3000 25‑Feb‑24 15 2.99% p.m. / 36% p.a. 44.38 (15/365 days* 36%* 3,000)
Total Interest Payable 310.68

Please note in the above illustration interest has been calculated at 2.99% p.m.


Interest is calculated on a daily basis on the current outstanding balance of the Cardholder. Interest is levied if Total Amount Due is not paid off by due date. Also, interest will be levied on all cash advances from the date of the transaction until the date of payment. Interest rate of 2.99% per month (36% per annum) will be applicable initially. The bank can at its sole discretion change the interest rate depending on factors such as, but not limited to, credit history, purchase patterns, payment behavior, loyalty and vintage of the customer. Interest charges are dynamic and are subject to change based on periodic review by Bank.