AU Small FinanceCredit Card

AU Small Finance Credit Card Reviews

AU Small Finance Credit Card reviews for recently launched variants i.e. Zenith , Vetta , Altura Plus and Altura. The Au Small Finance bank has entered in to the much competitive but profitable Credit Card business in India this year only. AU Small finance bank is the first small bank in India with their own sole credit card business. Other small finance banks are also offering the credit card but in partnership with other big banks. 

The AU Small Finance bank is offering the credit card with existing features at certain cost to the consumers i.e. Annual fees vary from Rs 199 to Rs 7999, which is genuinely higher for the new entrant. Check out the features, Fees, reward and benefits of Credit Card offered by the AU small Finance bank.

Credit Card Fees

The Credit Card joining & renewal fees for the AU Small finance bank will be :

  1. Zenith  – Fee: Rs.7,999+GST  
  2. Vetta – Fee: Rs.2,999+GST  
  3. Altura Plus –  Fee: Rs.499+GST
  4. Altura – Fee: Rs.199+GST

Fees Waiver

The best part with the Credit Card offers by the bank is the Fees waiver based on spend. They are offering the waiver on the renewal fees based on certain spend limit within the membership year. The spend limit is different for the type of the credit cards. For example in case of Altura Credit Cards,

Altura Credit Card Fees Waiver

  • 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 previous card anniversary year

Altura Plus Credit Card Fees Waiver

– 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

Vetta Credit Card Fees Waiver

– 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

Zenith Credit Card Fees Waiver

– For 1st year fee waiver : Rs.1,25,000 retail spends done within 90 days of card set up
– For 2nd year onwards fee waiver : Rs. 5,00,000 retail spends done in previous card anniversary year

Reward Point

They are having different reward pint including cash back offers. For example in case of cheapest variant 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 Rs.50)
  • 1% Cashback on all other retail spends. (Maximum cashback per statement cycle is Rs.50)

Where as in Zenith, the accelerated reward point will be offered :

  • – 20 Reward Points per Rs.100 retail spends done on Dining at standalone restaurants.
  • – 10 Reward Points per Rs.100 retail spends done on International transactions, Grocery and Departmental stores.
  • – 5 Reward Points per Rs.100 retail spends done across all other merchant categories.

How to Apply

Currently, the AU small finance bank is offering the credit card to limited customer base and you can apply for the credit card through Customer Care or Email. The customer care number for applying the AU Small Finance Bank is – 1800-1200-1500.

Are they Good ?

At this point of time it is difficult to tell whether they are good or not but competing with the established brands like Regalia or SBI Card will be a difficult challenge. The Renewal or the joining fees of the card is also a disadvantage factor for AU Small Finance bank if compare with big banks like HDFC, Citibank or Yes Bank Life Time Free Credit Cards.

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