AU Altura Credit Card – Benefits, Fees & Eligibility

AU Altura Credit Card

Introduction

The AU Altura Credit Card is a cashback-centric credit card designed to offer significant savings on everyday spending. It provides cashback on various retail purchases, complimentary railway lounge access, and robust card liability cover, including protection against lost cards and fraudulent transactions. The card aims to suit diverse spending habits by offering a wide variety of additional benefits without requiring cardholders to think twice before making purchases.

Welcome Benefits

• A cashback of 5% on retail spends within the first 60 days of card setup.

Fees

• Joining Fee: Rs. 199 + applicable taxes.
• Renewal Fee: Rs. 199 + applicable taxes.
• Spend-Based Waiver:
  • For the 1st year fee waiver: Rs. 10,000 in retail spends within 90 days of card setup.
  • For the 2nd year onwards fee waiver: Rs. 40,000 in retail spends in the previous card anniversary year.
• Rewards Redemption Fee: Nil.
• Foreign Currency Markup: 3.49% on all international spends.
• Interest Rates: 3.49% per month.
• Fuel Surcharge Waiver: 1% surcharge waiver on fuel transactions between Rs. 400 and Rs. 5,000, across all fuel stations in the country. The maximum waiver is INR 100 per statement cycle.
• Cash Advance Charges: Rs. 100 or 2.5% of the cash amount withdrawn, whichever is higher.
• Add-on Card Fee: Free for lifetime.

Rewards

• Cashback Features:
  • 2% cashback on all retail spends done at Grocery stores, Departmental stores, and Utility bill payments, with a maximum cashback of INR 50 per statement cycle.
  • 1% cashback on all other retail spends, with a maximum cashback of INR 50 per statement cycle.
  • Exclusions: Fuel, Rent, Wallet, and Cash transactions are excluded from earning cashback. With effect from 1st April 2024, Education and Government (BBPS) transactions will also not be eligible for cashback.
• Milestone Benefit:
  • Get an additional cashback of INR 50 on completing a minimum of INR 10,000 in retail spends in every statement cycle.
• Railway Lounges (Travel):
  • Receive 2 complimentary lounge accesses per calendar quarter at railway stations.
  • Add-on cardholders can also enjoy these railway lounge benefits within the mentioned complimentary number of visits.
  • Lounge facilities are available at selected locations, including Kolkata, New Delhi, Ahmedabad, Jaipur, Agra, and Madurai.
• Fuel Surcharge Waiver:
  • A 1% fuel surcharge waiver is applicable for fuel transactions between INR 400 and INR 5,000, across all fuel stations in the country.
  • The maximum waiver is INR 100 per statement cycle.
• Card Liability Cover (Insurance):
  • In the event of a lost Credit Card, you carry zero liability on any fraudulent transactions made after reporting the loss to the bank.
  • Protection is also provided against Card Counterfeit/Skimming and Online frauds.
• Free Insurance and Extended Warranty:
  • The card offers free insurance and an extended warranty on mobile and electronic purchases.
• Add-on Cards:
  • Offer the benefits of your Altura Credit Card to your loved ones through our Add-on card offering, which comes free for lifetime.

Rewards Redemption Guide

• The cashback earned is directly credited to your account, aligning with the card's cashback reward type. No specific redemption steps are required for cashback.

Card Eligibility Criteria

• Primary Cardholder Age Group:
  • Self Employed: 25 years to 65 years.
  • Salaried: 21 years to 60 years.
• Add-on Cardholder Age: Should be over 18 years.
• Residency: Must be a Resident Indian.
• Note: These criteria are indicative, and AU Small Finance Bank reserves the right to approve or decline applications for the Credit Card.

Card Review

The AU Altura Credit Card is recognized for providing amazing cashback offers with minimum annual or renewal charges. It is considered an excellent and pocket-friendly choice for individuals embarking on their credit journey, offering fantastic saving opportunities.

Important Product Details

• Earn 5% cashback on retail spends within the first 60 days.
• Enjoy 2% cashback on groceries, departmental stores, and utility bills.
• Receive 1% cashback on all other eligible spends.
• Get an additional Rs. 50 cashback every month on achieving milestone spends of Rs. 10,000.
• Benefit from 2 complimentary railway lounge accesses per quarter for both primary and add-on cardholders.
• Receive a 1% fuel surcharge waiver, capped at Rs. 100 per statement cycle.
• Protected by zero liability for lost cards, card counterfeit/skimming, and online frauds.
• Add-on cards are available free for lifetime.
• Includes free insurance and extended warranty on mobile and electronic purchases.

Other Details

• Reward Type: Cashback.
• Best Suited For: Shopping.
• Contactless Card Usage: Use your AU Credit Card to make quick, secure, and easy payments by just tapping the card at participating merchants without entering the Credit Card PIN for amounts up to INR 5000.
• XpressEMI Facility:
  • Convert transactions of Rs. 500 and above, with a minimum total value of Rs. 2,000, into EMIs.
  • You can club up to 20 billed or unbilled transactions together for conversion.
  • Eligible credit card transactions can be converted into EMIs using various channels:
    • AU 0101 App (2-step EMI conversion).
    • Net-Banking.
    • Auro Chat-bot.
    • WhatsApp Banking (by sending "Hi" to 8383838399).
    • On Call (Customer Care team at 1800 1200 1500 for instant conversion).
    • IVR (Interactive Voice Response).