In today's fast-paced financial world, it can be hard to pick the right credit card. Especially for the upper middle class who's looking for value and benefits. The AU Bank Zenith+ Credit Card is a great option, with a lot of features to make your everyday life better. This review looks at what makes this credit card a top choice for those looking for amazing perks.
Welcome Benefits
When you sign up for the AU Bank Zenith+ Credit Card, new cardholders are welcomed with enticing perks. You get to choose from a range of Luxury Brand vouchers or reward points worth INR 5,000. This substantial welcome offer not only makes the initial financial commitment worthwhile but also sets the tone for a rewarding journey ahead.
Reward System
The card utilizes a tiered reward points system that maximizes your earning potential. For every Rs. 100 spent on dining, travel, and international transactions, cardholders earn 2 reward points, and the value of each point is fixed at INR 1, so the cashback that users receive on dining and travel expenses comes to 2%. For all other purchases, users earn 1 point per Rs. 100, which translates to a cashback rate of 1%. This strategy encourages daily spending, allowing cardholders to accumulate points quickly for meaningful redemptions.
Milestone Benefits
The AU Bank Zenith+ Credit Card offers exciting milestone rewards based on your annual spending. You will be awarded 1,000 reward points if you achieve a minimum retail spend of INR 75,000 in a statement cycle. Further, you will get a complimentary Taj Epicure membership on spending a minimum net retail spend of INR 12 Lakh in a card anniversary year.
Airport Lounge Access
Frequent travelers will appreciate the airport lounge access the AU Bank Zenith+ Credit Card provides. With entrance to over 600 premium lounges worldwide, cardholders can enjoy a more comfortable travel experience. According to research, travelers who use lounges report a 25% increase in satisfaction during their journeys, benefiting from quiet spaces, complimentary refreshments, and a relaxing atmosphere before flights. Cardholders can avail 16 complimentary International Airport Lounges access using Priority Pass.
Forex Markup
For those who frequently travel abroad or shop online at foreign retailers, the AU Bank Zenith+ Credit Card stands out due to its lower forex markup fees. Many credit cards charge around 3% to 5% on foreign transactions; however, this card offers a significantly lower rate of 0.99% on all international transactions. This aspect is particularly appealing to globetrotters or online shoppers who want to maximize their purchasing power internationally.
Movie Offers
For cinema lovers, the AU Bank Zenith+ Credit Card offers exclusive deals on movie tickets. Cardholders can enjoy up to 16 complimentary buy-one-get-one movie/event tickets from BookMyShow. Up to 4 BOGO tickets every calendar quarter with discounts of up to INR 500 per ticket.
Golf Games
Golf enthusiasts will find added value in the AU Bank Zenith+ Credit Card’s complimentary golf game offerings at select courses. Cardholders will get 8 complimentary golf games/lessons annually. Up to 2 complimentary Golf rounds/lessons per calendar quarter.
Challenges to Consider
While the AU Bank Zenith+ Credit Card comes with a wealth of benefits, there are some challenges to keep in mind. The card carries an annual fee that might appear steep, especially if you aren’t likely to utilize all its perks. Additionally, some rewards have expiry conditions and limits, potentially impacting their value. Like any credit card, poor spending habits can lead to debt if cardholders overspend on the attractive features.
Understanding Fees and Charges
Potential cardholders should be aware of the fees linked to the AU Bank Zenith+ Credit Card. The annual fee is INR 4,999. Late payment charges can range from INR 100 to INR 1300. A Reward Redemption fee of INR 99 is also charged. By carefully assessing these aspects, you can determine whether the benefits align with your financial plans.
Getting Approved
To apply for an AU Bank Zenith+ Credit Card, you need to meet specific eligibility criteria. Applicants must generally be at least 21 years old with a Monthly Net Income of INR 2.5 Lakh. The ideal income threshold is set to ensure that the card is issued to individuals who can manage it responsibly. Having a good credit score can also greatly improve your chances of approval, reflecting your financial reliability.
MyRupaya Review
The AU Bank Zenith+ Credit Card emerges as a compelling option for the upper-middle class, packed with premium perks and rewards. From attractive welcome benefits to a robust rewards system, this credit card rises above many competitors in the market. Although there are some costs and limitations, features such as airport lounge access and great travel-related benefits can make it a savvy investment for regular users. If you are seeking a credit card that complements a premium lifestyle, the AU Bank Zenith+ Credit Card could be the right choice for you.
If you want to read a more detailed review of this card and find out its AI-powered unbiased rating, click here.
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