AU Small Finance Bank Credit Cards
AU Small Finance Bank, established in 1996 as AU Financiers (India) Ltd, transitioned into a small finance bank on April 19, 2017, and has since been a significant player in the Indian financial sector. The bank's name, AU, coincidentally aligns with the chemical element for gold, reflecting its commitment to providing valuable and reliable financial services. Catering to a diverse clientele, AU Small Finance Bank offers a suite of credit card options designed to suit various lifestyles and spending habits. AU Small Finance Bank credit card offers an array of benefits including attractive reward programs, competitive interest rates, and seamless digital banking experiences. Whether it's for everyday purchases, travel, or entertainment, the AU Small Finance Bank credit card provides flexibility and convenience, making it a valuable financial tool for individuals and businesses alike. With a focus on expanding financial inclusion, AU Small Finance Bank has made significant strides in serving low and middle-income individuals and micro and small businesses, especially those with limited access to formal banking channels.
Reward System: 10X or 5X Reward Points on all online domestic & international retail transactions, and 10X or 5X Reward Points on all POS & Contactless offline domestic & international transactions.
1 Point = Rs. 0.25.
Effective Cashback Rate: 3.75%
Reward System
3.49% per month (41.88% annually).
Interest Rate
Earn 20 Reward Points for every ₹200 spent on Train Bookings with ixigo. Effective CB Rate: 5%.
Earn 10 Reward Points for every ₹200 spent on online purchases. Effective CB Rate: 2.5%.
Earn 5 Reward Points for every ₹200 spent offline. Effective CB Rate: 1.25%.
1 RP = 0.25.
Reward System
3.49% Per Month 41.88% annually
Interest Rate
Reward System: Get 1 reward point on spending INR 100. 1 Reward Point = INR 0.25. General cashback rate: 0.25%. 1.5% cashback on retail spends at merchant outlets (Maximum cashback per statement cycle is INR 100). 0.5% cashback rate on online spends (uncapped).
Reward System
3.59% per month (43.08% annually).
Interest Rate
Reward System: 20 Reward Points per INR 100 retail spends done on Dining at standalone restaurants. Resturant cashback rate: 5%. 10 Reward Points per INR 100 retail spends done on International transactions, Grocery and Departmental stores. Grocery cashback rate: 2.5%. 5 Reward Points per INR 100 retail spends done across other merchant categories. General cashback rate: 1.25%. 1 Reward Points per INR 100 retail spends done on BBPS and Utility & Telecom categories. Utility cashback rate 0.25%.
Reward System
1.99% per month (23.88% annually)
Interest Rate
Reward System: You get 1 reward point for every INR 100 spent. 1 Reward Point = INR 0.25 Cashback rate: 0.25%. 2 % Cashback on all retail spends done at Grocery stores, Departmental stores and Utility bill payments. (Maximum cashback per statement cycle is INR 50). 1% Cashback on all other retail spends*. (Maximum cashback per statement cycle is INR 50).
Reward System
3.49% per month (41.88% annually).
Interest Rate
Earn 2 Reward Points for every INR 100 spent on travel, dining, and international spending.
Earn 1 Reward Point per INR 100 on retail spending across all merchant categories.
The value of 1 Reward Point is INR 1.
Effective Cashback Rate: 2% (on travel, dining, and international spending), and 1% for other spending.
Additional customers also get 5000 Bonus Reward Points on paying annual/renewal membership fees from 2nd year onwards.
Reward System
1.99% per month (23.88% annually)
Interest Rate
Reward System: 1 Reward Point = INR 0.25. Get 4 Reward Points per INR 100 retail spends done on Grocery & Departmental store. Grocery cashback rate: 1%. 2 Reward Points per INR 100 retail spends* done across all other merchant categories. Effective general cashback rate: 0.50%. 1 Reward Points per INR 100 spend on Rent, Insurance, BBPS, Education & Govt and Utility & Telecom categories. Utilities cashback rate: 0.25%.
Reward System
3.49% per month (41.88% annually).
Interest Rate
.png)
Top 5 Credit Cards Of AU Small Finance Bank
-
Annual/joining fee: Rs 199 + Taxes
-
Interest Rate: 3.49% per month (41.88% annually)
-
Welcome Benefit: 5% Cashback on a minimum INR 2,500 retail spends done within the first 60 days of card setup. (Maximum cashback per statement cycle is INR 150).
-
Special Feature: Get comprehensive card liability cover of up to ₹50,000, protecting you from unauthorized transactions.
For people who appreciate ease and savings, there are several benefits available with the AU Small Finance Bank Altura Credit Card. With a limit of INR 50 every statement cycle, cardholders can receive up to 2% cashback on department store, supermarket, and utility bill payments. Up to INR 50 per cycle, 1% cashback is also earned on other retail purchases. Notably, cashback is not earned on transactions involving petrol, rent, wallets, or currency. The card also offers milestone rewards, such as an additional INR 50 cashback if INR 10,000 in retail expenditure is made during each statement cycle. Travel benefits for cardholders include two complimentary passes to railway lounges per quarter, which improves their travel experience. In terms of security, the Altura Credit Card comes with zero liability protection against fraudulent transactions after reporting the loss of the card, along with protection against card counterfeit/skimming and online fraud. For added convenience, the card supports contactless payments for transactions up to INR 5000 and offers the XpressEMI facility to convert purchases into easy EMIs. Cardholders can also extend these benefits to their loved ones with free lifetime add-on cards. Overall, the Altura Credit Card by AU Small Finance Bank stands out as a comprehensive financial tool for everyday savings and secure transactions.
AU Altura Credit Card
AU LIT Credit Card
-
Annual/joining fee: NIL
-
Interest Rate: 3.49% per month (41.88% annually)
-
Welcome Benefit: None
-
Special Feature: You can choose your benefit package and thereafter pay accordingly.
The LIT Credit Card is an adaptable credit card that provides a distinctive method for managing personal finances. This credit card is the first of its kind in India, enabling users to customize its features to suit their needs and interests. Customers may choose and adjust features like reward points, cashback options, and memberships with the LIT Credit Card. They can even turn these features on and off instantly. With this card, Gen Z and Millennials will have flexibility and control over their rewards and spending. It is designed to meet their needs. The card is lifetime free, with optional feature pricing starting from Rs.49 to Rs.499, allowing cardholders to earn various rewards and cashback. Additionally, the card offers benefits like fuel surcharge waivers, milestone cashback, and airport lounge access, enhancing the overall user experience.
AU Bank ixigo Credit Card
-
Annual Fee: INR 999 + Taxes
-
Interest Rate: 3.49% Per Month 41.88% annually
-
Welcome Benefit: 1000 Reward Points and Rs. 1,000 worth of ixigo money vouchers on making your first transaction within the first 30 days of card issuance.
-
Special Feature: 10% discount on flight bookings, bus bookings, and hotel bookings through ixigo. Along with this PG charges are also waived on train bookings twice a month.
The LIT Credit Card is an adaptable credit card that provides a distinctive method for managing personal finances. This credit card is the first of its kind in India, enabling users to customize its features to suit their needs and interests. Customers may choose and adjust features like reward points, cashback options, and memberships with the LIT Credit Card. They can even turn these features on and off instantly. With this card, Gen Z and Millennials will have flexibility and control over their rewards and spending. It is designed to meet their needs. The card is lifetime free, with optional feature pricing starting from Rs.49 to Rs.499, allowing cardholders to earn various rewards and cashback. Additionally, the card offers benefits like fuel surcharge waivers, milestone cashback, and airport lounge access, enhancing the overall user experience.
AU Bank Altura Plus Credit Card
-
· Annual/joining fee: Rs 499 + Taxes.
-
· Interest Rate: 3.59% per month (43.08% annually)
-
· Welcome Benefit: None
-
· Special Feature: 2 complimentary airport lounge access per calendar quarter.
A number of advantages are available with the AU Small Finance Bank Altura Plus Credit Card, all of which are intended to improve the cardholder's shopping experience. With a cap of 1.5% cashback every statement cycle, cardholders can earn cashback on any POS retail purchases made at merchant locations. Furthermore, after the maximum cashback limit is reached, the card offers 2X reward points for online purchases and 1 reward point for every INR 100 spent on categories including utilities, rent, and insurance. One noteworthy feature is the Milestone Benefit, which allows cardholders to accrue 500 additional Reward Points for every INR 20,000 in monthly retail spending. For those who frequently travel by train, the card offers two complimentary railway lounge accesses per quarter. With the AU Rewards program, points can be redeemed for e-vouchers, merchandise, mobile/DTH recharges, and more. The card's contactless feature allows for quick and secure payments for amounts up to INR 5,000 without the need to enter a PIN.
AU Bank Zenith Credit Card
-
Annual/joining fee: Rs 7999 + Taxes.
-
Interest Rate: 1.99% per month (23.88% annually)
-
Welcome Benefit: Vouchers worth INR 1000 on 1st POS retail transaction.
-
Special Feature: 20 Reward Points per INR 100 retail spends done on Dining at standalone restaurants. Restaurant cashback rate: 5%. 10 Reward Points per INR 100 retail spending done on International transactions, Grocery, and Departmental stores. Grocery cashback rate: 2.5%.
The AU Small Finance Bank Zenith Credit Card is a premium offering designed for those who seek luxury and convenience in their financial transactions. With an annual fee of INR 7,999, cardholders can enjoy a suite of benefits that cater to various lifestyle needs. The card offers comprehensive insurance cover, including lost card liability and air accident cover, ensuring peace of mind for the user. It also provides access to luxury hotel memberships, global concierge services, and complimentary lounge access, both domestically and internationally, enhancing travel experiences. The Zenith Credit Card stands out with its reward program, offering up to 20 reward points per INR 100 spent on dining, and an accelerated reward rate on international transactions, groceries, and departmental store purchases. Additionally, cardholders can avail of lower foreign currency markup fees and birthday benefits, alongside quarterly and yearly milestone rewards that add value to every spend.
Welcome Benefits
-
AU Bank Altura Credit Card: Customers get 5% Cashback on a minimum of INR 2,500 retail spending done within the first 60 days of card setup. (Maximum cashback per statement cycle is INR 150).
-
AU Bank Zenith+ Credit Card: Customers get to choose from a range of Luxury Brand Vouchers or Reward points worth INR 5,000 on Zenith+ card activation.
-
AU Bank Ixigo Credit Card: Customers get 1000 Reward Points and Rs. 1,000 worth of Ixigo money vouchers on making their first transaction within the first 30 days of card issuance.
-
AU Bank Zenith Credit Card: Customers get Vouchers worth INR 1000 on 1st POS retail transaction.
-
AU Bank Vetta Credit Card: Customers get vouchers worth INR 2000 on a minimum of INR 30,000 retail spending done within 60 days of card setup.
Reward System
-
AU Bank Altura Credit Card: 2% Cashback on all retail spends done at Grocery stores, Departmental stores, and Utility bill payments. (Maximum cashback per statement cycle is INR 50), and 1% Cashback on all other retail spends. (Maximum cashback per statement cycle is INR 50).
-
AU Bank Altura Plus Credit Card: 2X Reward Points (i.e. 2 Reward Points per INR 100 retail spends) for all your online transactions, 1 Reward Point per INR 100 spent on Utility, Rent, BBPS, Insurance, and Education & Govt. category spends. 1.5% Cashback on all POS retail spends done at merchant outlets.
-
AU Bank Zenith Credit Card: 20 Reward Points per INR 100 retail spending done on Dining at standalone restaurants. Dining cashback rate: 5%. 10 Reward Points per INR 100 retail spends done on International transactions, Grocery, and Departmental stores. Grocery cashback rate: 2.5%. 5 Reward Points per INR 100 retail spends done across other merchant categories. General cashback rate: 1.25%. 1 Reward Points per INR 100 retail spends done on BBPS and Utility & Telecom categories. Utility cashback rate 0.25%.
-
AU Bank Zenith+ Credit Card: Earn 2 Reward Points for every INR 100 spent on travel, dining, and international spending. Earn 1 Reward Point per INR 100 on retail spending across all merchant categories. The value of 1 Reward Point is INR 1. Effective Cashback Rate: 2% (on travel, dining, and international spending), and 1% for other spending.
-
AU Bank Ixigo Credit Card: Earn 20 Reward Points for every ₹200 spent on Train Bookings with ixigo. Effective CB Rate: 5%. Earn 10 Reward Points for every ₹200 spent on online purchases. Effective CB Rate: 2.5%. Earn 5 Reward Points for every ₹200 spent offline. Effective CB Rate: 1.25%. 1 RP = 0.25.
-
AU Bank Vetta Credit Card: 4 Reward Points per INR 100 retail spends done on Grocery & Departmental stores. 2 Reward Points per INR 100 retail spends done across all other merchant categories. 1 Reward Point per INR 100 retail spends done on Insurance Utility & Telecom categories. 1 RP = 0.25 paisa. Effective CB Rate: 1.75%.
-
AU Bank LIT Credit Card: 10X or 5X Reward Points on all online domestic & international retail transactions, and 10X or 5X Reward Points on all POS & Contactless offline domestic & international transactions. 5% cashback 3 times over 90 days for retail spending in addition to 1 Reward Point per INR 100 spent. Minimum retail spends of INR 7,500 & max. cashback of INR 500 over 30 days. Additional 2% cashback 3 times over 90 days for retail spends in addition to 1 Reward Point per INR 100 spent.
-
AU Bank InstaPay Credit Card: Get 1% cashback on UPI transactions across departmental stores, dining, pharmacy, and grocery & supermarkets. (Maximum INR 100 per statement cycle).
Annual Fee
-
AU Bank Altura Credit Card: Annual/joining fee: Rs 199 + taxes. For 1st-year fee waiver – Rs.10,000 retail spends done within 90 days of card set up. For 2nd year onwards fee waiver – Rs. 40,000 retail spends done in the previous card anniversary year.
-
AU Bank Altura Plus Credit Card: Annual Card Membership fee – Rs. 499 + applicable taxes. For 1st-year fee waiver – Rs.20,000 retail spends done within 90 days of card set up. For 2nd year onwards fee waiver – Rs. 80,000 retail spends done in the previous card anniversary year.
-
AU Bank Zenith Credit Card: Annual/joining fee: Rs 7999 + taxes. For 1st year fee waiver – Rs.1,50,000 retail spends done within 90 days of card set up. For 2nd year onwards fee waiver – Rs. 5,00,000 retail spends done in the previous card anniversary year.
-
AU Bank Zenith+ Credit Card: Annual Membership Fee: INR 4,999 + applicable taxes. For 2nd year onwards fee waiver: INR 8 Lakhs net retail spends done in previous card anniversary year.
-
AU Bank Ixigo Credit Card: Card membership fees – Rs. 999 + applicable taxes. Waived off if you spend ₹1,000 in first 30 days of card issuance. Waived off for next year if you spend ₹1 Lakh in the previous year.
-
AU Bank Vetta Credit Card: Annual Card Membership fee – Rs. 2,999 + applicable taxes. For 1st year fee waiver – Rs.40,000 retail spends done within 90 days of card set up. For 2nd year onwards fee waiver – Rs. 1,50,000 retail spends done in previous card anniversary year.
-
AU Bank LIT Credit Card: Lifetime Free Credit Card.
-
AU Bank InstaPay Credit Card: Lifetime Free Credit Card
How To Activate AU Bank Credit Card
Activating an AU Bank Credit Card: A Step-by-Step Guide.
Online Activation:
-
Visit the official AU Bank website and navigate to the credit card activation section.
-
Enter your credit card details as requested.
-
Follow the prompts to complete the activation process, which may include setting up a PIN or signing up for online banking.
Activation via NetBanking:
-
Log into your AU Bank NetBanking portal.
-
Select the 'Credit Cards' menu and choose the 'Credit Card PIN Generation' option.
-
Follow the instructions to generate your credit card PIN and activate your card.
Mobile App Activation:
-
Download and install the AU Bank mobile app on your smartphone.
-
Log in using your credentials and look for the credit card activation option.
-
Enter your card details and follow the steps to activate your card.
ATM Activation:
-
Visit an AU Bank ATM with your credit card.
-
Insert your card and select the 'Activate Card' option from the menu.
-
You may be required to enter your PIN or complete additional security checks.
Customer Service Activation:
-
Call the AU Bank customer service.
-
Provide your credit card details and any required personal information.
-
Follow the instructions given by the customer service representative to activate your card.
Eligibility Criteria for AU Bank Credit Cards
-
Age: The primary cardholder must be aged between 21 and 60 years, while add-on cardholders must be over 18 years old.
-
Residency: Applicants must be resident Indians.
-
Income Stability: A stable income is a prerequisite, indicating the applicant's ability to repay credit.
-
Credit Score: A credit score of 750 or above is typically required, reflecting responsible credit behavior and financial stability.
Other Fees And Charges
-
Interest Rates: Altura, Altura Plus, LIT, InstaPay, Vetta, and Zenith: 3.59% per month (43.08% annually).
-
Cash Advance Charges: 2.5% or INR 500 whichever is higher would be levied on the amount withdrawn and would be billed to the Cardholder in the next statement.
-
Late Payment Charges: Less than or equal to INR 100 – Nil. Above INR 100 and up to INR 500 - INR 100. Above INR 500 and up to INR 5,000 – INR 600. Above INR 5,000 and up to INR 10,000 - INR 700. Above INR 10,000 and up to INR 20,000 - INR 800. Above INR 20,000 and up to INR 50,000 - INR 1,100. Above INR 50,000 - INR 1,300. Income Stability: A stable income is a prerequisite, indicating the applicant's ability to repay credit. Credit Score: A credit score of 750 or above is typically required, reflecting responsible credit behavior and financial stability.
-
Foreign Currency Mark-up Fees: Altura, Altura Plus, LIT, and InstaPay – 3.49%. Zenith – 1.99% .Zenith+ - 0.99%.
-
Reward Redemption Fees: INR 99+GST.
AU Bank's Journey
AU Small Finance Bank, a prominent name in the Indian banking sector, has a rich history that dates back to its inception as a vehicle finance company, AU Financiers (India) Ltd, in 1996. The transformation from a finance company to a small finance bank was a significant milestone, achieved on April 19, 2017, marking the beginning of a new era for the institution.
Founded by Sanjay Agarwal, a visionary entrepreneur, the bank was publicly listed through an IPO on June 29, 2017. This event not only marked its entry into the public market but also set the stage for rapid growth and expansion. With a market capitalization of approximately Rs. 47,987 crore, AU Small Finance Bank became a formidable player in the banking industry.
The bank's journey is characterized by its commitment to serving low and middle-income individuals and micro and small businesses, especially those with limited access to formal banking and finance channels. Its services encompass a wide range of financial products, including loans, deposits, and payment solutions, catering to the diverse needs of its customers.
As AU Small Finance Bank continues to grow and innovate, it remains committed to its vision of financial inclusion and economic success, ensuring that its services make a meaningful difference in the lives of millions. The bank's journey from a humble finance company to a leading small finance bank is a story of ambition, perseverance, and transformation, setting a benchmark for others in the industry.