AU Small Finance Bank Altura Plus Credit Card
Product Details
Credit Card Name :
AU Small Finance Bank Altura Plus Credit Card
Bank Name :
AU Small Finance Bank
Type :
Rewards Credit Card
Interest Rate :
3.59% per month (43.08% annually).
Eligibility :
•Primary cardholder between the age of 21 years and 60 years
•Add-on cardholder should be over 18 years
•Resident Indian
Pros
Reward System: 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.
Milestone Benefit: Customers get 500 Bonus Reward Points when they do INR 20,000 retail spending or more in a calendar month.
Other Benefits: 2 complimentary railway lounge access per calendar quarter.
Cons
No airport lounge access available.
No free movie tickets.
Low cashback rate.
Pros & Cons
Welcome Benefits
None
Rewards System
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).
International Forex Markup
3.49%.
Welcome Benefits and Reward System
Special Features
2 complimentary lounge access per calendar quarter.
Eligibility Criteria
•Primary cardholder between the age of 21 years and 60 years
•Add-on cardholder should be over 18 years
•Resident Indian
Benefits
Cashback rewards
Complimentary access to railway lounges
Zero liability protection against a lost card
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Visit the AU Small Finance Bank website and navigate to the Altura Plus Credit Card page.
Click on "Apply Online".
Enter your mobile number and PAN details.
Accept the terms and conditions and generate an OTP.
Fill out the online application form, providing accurate information about yourself, your income, and employment.
Upload the necessary documents, which may include proof of identity, address, and income.
Submit the application form.
Contact Details
Toll Free No: 1800 1200 1200
1800 26 66677
Email: customercare@aubank.in
Account Opening and Procedure
AU Small Finance Bank Altura Plus Credit Card
Altura Plus Credit Card though marketed as a premium credit card by AU Small Finance Bank, does not have any benefits offered by a typical premium credit card. Users looking for premium credit card will be disappointed by this card.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Annual/joining fee: Rs 499 +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 previous card anniversary year.
Cash Advance Charges 2.5% of amount withdrawn, subject to a minimum of ₹ 100.
Fuel Surcharge: 1%. Waived for fuel transactions done between INR 400 and INR 5,000, across all fuel stations in the country (Maximum INR 150 per statement cycle)
Late Payment fees: Rs 0 to Rs 1100 for outstanding amount ranging from Rs 0 to Rs 50,000 + amount.Interest Rate: 3.59% per month (43.08% annually).
Foreign Currency: Mark up Fees: 3.49%.
Fuel Surcharge
1%. Waived for fuel transactions done between INR 400 and INR 5,000, across all fuel stations in the country (Maximum INR 150 per statement cycle)
Billing Cycle
30 Days.