AU Altura Credit Card – Benefits, Fees & Eligibility

Introduction

The AU Altura Credit Card, issued by AU Small Finance Bank, is positioned as a basic and pocket-friendly cashback credit card, ideal for individuals beginning their credit journey. It offers significant savings through a cashback program, providing up to 2% cashback on specific categories and 1% on others. Key differentiating benefits include a monthly milestone cashback of Rs. 50, complimentary access to selected railway lounges in India, and a fuel surcharge waiver.

Fees

• Joining Fee: Rs. 199 + GST
• Renewal Fee: Rs. 199 + GST
• Spend-Based Waiver:
  • Joining Fee waiver: Spend Rs. 10,000 in the first 90 days.
  • Annual Fee waiver: Spend Rs. 40,000 or more in a year.
• Rewards Redemption Fee: Nil
• Foreign Currency Markup: 3.49% on all international spends.
• Interest Rates: 3.49% per month.
• Fuel Surcharge: 1% waiver on fuel transactions between Rs. 400 and Rs. 5,000, capped at Rs. 100 per statement cycle.
• Cash Advance Charges: Rs. 100 or 2.5% of the cash amount withdrawn, whichever is higher.

Rewards

Cashback Program

• Earn 2% cashback on utility bills, groceries, and departmental stores, capped at Rs. 50 per statement cycle. (Note: FAQs mention a maximum cashback of Rs. 150 per statement cycle for these categories).
• Earn 1% cashback on all other spends, capped at Rs. 50 per statement cycle.
• No cashback is provided on fuel, rent, cash, and wallet transactions.

Milestone Benefit

• Earn an additional cashback of Rs. 50 every statement cycle on exceeding spends of Rs. 10,000.

Travel Benefits

• Receive 2 complimentary visits to selected railway lounges in India per quarter.
• Lounge facilities are available at selected locations including Kolkata, Ahmedabad, Jaipur, Agra, and Madurai.
• Complimentary lounge access is available for both primary and add-on cardholders within the specified limits.
• The card does not provide any complimentary airport lounge access.

Other Benefits

• Enjoy a 1% surcharge waiver on fuel transactions ranging between Rs. 400 and Rs. 5,000 at all fuel stations in the country, capped at Rs. 100 per statement cycle.
• Benefit from zero liability protection against a lost card.

Card Eligibility Criteria

• Primary Applicant Age: Must be between 21 and 60 years.
• Add-on Applicant Age: Must be above 18 years.
• Residency: Applicant must be an Indian resident.

Card Review

The AU Small Finance Bank Altura Credit Card is highly regarded for its amazing cashback offers combined with minimal annual or renewal charges. It is a pocket-friendly card and an excellent choice for individuals embarking on their credit journey, offering fantastic saving opportunities.

Important Product Details

• Positive Highlights:
  • Up to 2% cashback on essential spending categories like groceries, utility bills, and departmental stores.
  • 1% cashback on all other retail spends.
  • Monthly milestone benefit of Rs. 50 cashback on spending Rs. 10,000.
  • Complimentary access to selected railway lounges.
  • 1% fuel surcharge waiver on eligible transactions.
  • Zero liability protection for lost cards.
  • Low joining and annual fees with convenient spend-based waiver conditions.
• Negative Highlights:
  • Cashback is capped per statement cycle for both 2% and 1% categories (Rs. 50 each, though FAQs mention Rs. 150 for 2% category).
  • No cashback on specific transaction types including fuel, rent, cash, and wallet transactions.
  • Does not offer airport lounge access.
  • A foreign currency markup of 3.49% applies to international spends.