Standard Chartered DigiSmart Credit Card Vs Axis Bank Neo Credit CardStandard Chartered DigiSmart Credit Card Vs Axis Bank Neo Credit Card

Standard Chartered DigiSmart Vs Axis Bank Neo Credit Card

In the vast landscape of the Indian credit card market, a diverse array of credit cards is issued by various providers, spanning from high-end premium options to more basic alternatives. While premium credit cards boast an array of exclusive privileges across different sectors, there remains a considerable demand for basic credit cards that deliver maximum benefits with a minimal annual fee.

Numerous basic credit cards fit this criterion, yet the abundance can lead to confusion, especially when comparing similar options. Two noteworthy examples in the basic category are the Standard Chartered DigiSmart Credit Card and the Axis Bank Neo Credit Card. Both cards stand out as among the best basic credit cards available in the Indian market, featuring nominal annual fees and a host of exciting features.

Both the DigiSmart and Neo Credit Cards provide enticing discount offers at selected merchants, including Myntra, Grofers, Zomato, and more. This makes them ideal choices for individuals who predominantly spend in these categories. Notably, the Axis Bank Neo Card offers additional benefits such as Edge Rewards and cashback on regular expenses like retail purchases, utility bills, and mobile/DTH recharges. On the other hand, the Standard Chartered DigiSmart Credit Card allows for the monthly membership fee to be waived off, but there is no corresponding annual fee waiver for the Axis Bank Neo Card.

With such a plethora of benefits and features associated with these two cards, individuals often find themselves grappling with a difficult decision when trying to determine which one suits them best.

Features and Benefits of Standard Chartered DigiSmart Credit Card and Axis Bank Neo Credit Card

Standard Chartered DigiSmart Credit Card:

  1. Membership and Categories:
    • Monthly membership fee: Rs. 49.
    • Exclusive privileges across various categories.
  2. Cashback and Rewards:
    • No rewards/cashback on regular spends.
    • Exciting discount offers on selected merchants like Myntra and Grofers.
  3. Merchant Discounts:
    • 20% discount up to Rs. 700 on Myntra monthly.
    • 10% discount up to Rs. 1,000 on Grofers (five times monthly).
    • 10% off up to Rs. 150 on Zomato food orders (five transactions monthly).
  4. Entertainment and Travel Benefits:
    • Buy 1 Get 1 offer on Inox movie tickets (up to Rs. 200, five times monthly).
    • 20% discount on domestic flights (up to Rs. 750) and 10% off on international flights via Yatra.com (once every quarter).
    • 25% off up to Rs. 4,000 on domestic hotel bookings (once every quarter).
  5. Ola Discount:
    • 15% discount up to Rs. 600 on Ola every month.
  6. Membership Fee Waiver:
    • You won’t be charged a monthly fee if you spend Rs. 5,000 or above in the preceding month.

Axis Bank Neo Credit Card:

  1. Annual Fee and Welcome Offers:
    • Annual fee: Rs. 250.
    • Welcome gift includes an Amazon gift voucher (Rs. 250), 3 months Zomato subscription, 6 months Grofers subscription, and Tata 1mg.
  2. Rewards and Cashback:
    • Earn 1 Edge Reward Point on every retail spend of Rs. 200.
    • 1% cashback on utility bill payments and mobile/DTH recharges via Paytm.
  3. Merchant Discounts:
    • 10% discount up to Rs. 500 on Myntra.
    • 10% discount up to Rs. 750 on Grofers monthly.
    • 40% discount up to Rs. 200 on Zomato food orders twice monthly.
  4. Entertainment Benefits:
    • Enjoy 10% off on BookMyShow movie ticket bookings.
  5. Fuel Surcharge Waiver:
    • 1% fuel surcharge waiver up to Rs. 400 monthly.

Comparison between Standard Chartered DigiSmart Credit Card and Axis Bank Neo Credit Card

Standard Chartered DigiSmart Credit Card:

  1. Annual Fee: Rs. 49 per month.
  2. Welcome Benefits: Not Applicable.
  3. Reward Rate on Regular Spends: Not Applicable.
  4. Discount Offers on Partner Merchants:
    • 10% discount of up to Rs. 1,000 on Grofers.
    • 10% off up to Rs. 120 on Zomato food orders.
    • 150% up to Rs. 700 on Myntra.
  5. Other Benefits:
    • Take advantage of the exclusive promotion from Inox where you can avail a Buy 1 Get 1 offer on movie tickets. This offer can be used up to five times per month.
    • Spend-based waiver of the monthly membership fee.
    • 20% discount on domestic flight bookings (up to Rs. 750) and 10% off on international flight bookings.
    • 10% discount on movie ticket bookings via BookMyShow.
    • 1% fuel surcharge waiver on all fuel transactions.

Axis Bank Neo Credit Card:

  1. Annual Fee: Rs. 250.
  2. Welcome Benefits:
    • Amazon voucher worth Rs. 250.
    • 3 months’ complimentary subscription to Zomato.
    • 6 months’ complimentary subscription to 1 mg.
    • 6 months’ complimentary subscription to Grofers.
  3. Reward Rate on Regular Spends:
    • Earn 1 Edge Reward Point for every Rs. 200 spent.
    • 1% cashback on utility bills and mobile/DTH recharges via Paytm.
  4. Discount Offers on Partner Merchants:
    • 10% discount of up to Rs. 750 on Grofers.
    • 40% discount up to Rs. 200 on Zomato food orders.
    • 10% discount of up to Rs. 500 on Myntra.
  5. Other Benefits:
    • Enjoy the opportunity to get two movie tickets for the price of one with the exclusive Buy 1 Get 1 offer provided by Inox cinemas. This offer can be availed up to five times each month, ensuring you can indulge in your favorite movies more frequently without breaking the bank.
    • Spend-based waiver of the monthly membership fee.
    • 20% discount on domestic flight bookings (up to Rs. 750) and 10% off on international flight bookings.
    • 10% discount on movie ticket bookings via BookMyShow.
    • 1% fuel surcharge waiver on all fuel transactions.

Which credit card suits you best?

  • DigiSmart Credit Card has a lower monthly membership fee, but when calculated yearly, it’s higher than Axis Bank Neo Credit Card.
  • SC DigiSmart Card offers an option to waive off the membership fee, which is not available for the Neo Card.
  • Axis Bank Neo Credit Card provides exclusive welcome benefits, while Standard Chartered DigiSmart Card lacks such activation privileges.
  • DigiSmart Card is preferable for those who spend heavily on Myntra and Grofers due to higher discounts.
  • Neo Credit Card is a better choice for those who spend more on Zomato, offering up to a 40% discount.
  • The normal reward rate for Neo Card is 1 Edge Reward on every Rs. 200 spend, while DigiSmart Card doesn’t offer a regular retail spend reward rate.
  • Consider all factors to choose the card that best suits your specific requirements.

Frequently Asked Questions (FAQs)

1. What are the annual fees for the Standard Chartered DigiSmart Credit Card and Axis Bank Neo Credit Card?

  • Standard Chartered DigiSmart Credit Card: Rs. 49 per month.
  • Axis Bank Neo Credit Card: Rs. 250.

2. Do both cards offer welcome benefits, and if so, what are they?

  • Standard Chartered DigiSmart Credit Card: No welcome benefits.
  • Axis Bank Neo Credit Card: Amazon voucher worth Rs. 250, 3 months’ complimentary subscription to Zomato, 6 months’ complimentary subscription to 1 mg, and 6 months’ complimentary subscription to Grofers.

3. Is there a reward rate on regular spends for these credit cards?

  • Standard Chartered DigiSmart Credit Card: No reward rate on regular spends specified.
  • Axis Bank Neo Credit Card: 1 Edge Reward Point on every spend of Rs. 200 and 1% cashback on utility bills and mobile/DTH recharges via Paytm.

4. What discount offers do these credit cards provide on partner merchants?

  • Standard Chartered DigiSmart Credit Card:
    • 10% discount of up to Rs. 1,000 on Grofers.
    • 10% off up to Rs. 120 on Zomato food orders.
    • 150% up to Rs. 700 on Myntra.
  • Axis Bank Neo Credit Card:
    • 10% discount of up to Rs. 750 on Grofers.
    • 40% discount up to Rs. 200 on Zomato food orders.
    • 10% discount of up to Rs. 500 on Myntra.

5. Can the annual fee be waived on these credit cards?

  • Standard Chartered DigiSmart Credit Card: No information on an annual fee waiver based on spending.
  • Axis Bank Neo Credit Card: The annual fee can be waived based on spending.

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