Axis Bank NEO adds ₹25,000 spend gate for BookMyShow discount — from 1 November 2026
From 1 November 2026, Axis Bank NEO cardholders will need to spend ₹25,000 in 3 months to get a 10% BookMyShow discount, capped at ₹100. This change may not be favourable for cardholders, given the card's other features and fees.
From 1 November 2026, the Axis Bank NEO card will require ₹25,000 of eligible spend in the previous 3 months to unlock a 10% BookMyShow discount capped at ₹100. The discount will be available on transactions settled in the preceding 3 calendar months, excluding interest, fees, charges, reversals, and refunds. EMI transactions will only count at the monthly instalment billed in the cycle.
This change will affect existing cardholders, while newly issued cards will be exempt for the issuance month plus the following 3 calendar months. The spend gate of ₹25,000 a quarter translates to ₹1,00,000 a year, which may not be the best value for cardholders considering the card’s other features, such as the lack of fuel-surcharge refunds and a high interest rate of 55.55% a year.
Our take: With over a month left before the change takes effect on 1 November 2026, cardholders should review their spending habits and consider alternative options. If they can clear the ₹25,000 spend threshold, they should weigh the benefits against the card’s other features and fees. Otherwise, they may want to look into other cards that offer better value for their spending patterns.