AU Altura Plus Credit Card – Benefits, Fees & Eligibility

Introduction

The Altura Plus Credit Card from AU Small Finance Bank is a superior version of the Altura Credit Card, offering a generous gateway of benefits including milestone gains, cashbacks, and reward points. It allows cardholders to earn 1.5% cashback on all POS retail spends and 2x reward points on online purchases, with no maximum cap on reward points. Additionally, customers can earn 500 bonus reward points monthly upon achieving a specific spend milestone. The card also provides complimentary railway lounge access, a spend-based waiver of the joining and annual fee, a 1% fuel surcharge waiver, and zero liability protection against fraudulent transactions.

Welcome Benefits

• The card offers attractive milestone benefits.
• No specific welcome benefit is detailed.

Fees

• Joining Fee: ₹499 + applicable taxes (or GST).
• Renewal Fee: ₹499 + applicable taxes (or GST).
• Spend-Based Waiver:
  • For 1st year fee waiver: Achieve ₹20,000 in retail spends within 90 days of card setup.
  • For 2nd year onwards fee waiver: Achieve ₹80,000 in retail spends in the previous card anniversary year.
• Rewards Redemption Fee: Nil.
• Foreign Currency Markup: 3.49% on all foreign currency spends.
• Interest Rates: 3.59% Per Month (43.08% Per Annum).
• Fuel Surcharge: 1% fuel surcharge waiver for transactions between ₹400 and ₹5,000, across all fuel stations in the country. The maximum fuel surcharge waiver is capped at ₹150 per statement cycle.
• Cash Advance Charges: 2.5% or ₹500, whichever is higher.
• Add-on Card Fee: Add-on cards are free for lifetime.

Rewards

• Cashback Features:
  • Earn 1.5% cashback on all POS retail spends done at merchant outlets.
  • Maximum cashback per statement cycle is capped at ₹100.
  • After reaching the maximum cashback limit, you will earn 1 Reward Point per ₹100 retail spends (except fuel) on POS.
• Reward Points Earning:
  • Earn 2X Reward Points (i.e., 2 Reward Points per ₹100 retail spends) for all your online transactions.
  • Earn 1 Reward Point per ₹100 spent on Utility & Telecom and Insurance category spends.
  • There is no maximum cap on reward points earned.
• Reward Point Exclusions:
  • Cash, Rent, Education & Govt, EMI, Fuel, BBPS, and Quasi Cash transactions are not eligible for Reward Points.
  • Cardholders will earn a maximum of 100 Reward Points per transaction on Utility & Telecom spends.
  • Fuel transactions do not earn reward points or cashback.
• Milestone Benefit:
  • Get 500 Bonus Reward Points every month when you do ₹20,000 or more in retail spends in a calendar month.
  • Fuel transactions and Cash withdrawal are excluded from Bonus Reward Points spends calculation.
• Railway Lounges:
  • Enjoy 2 complimentary lounge access per calendar quarter at railway stations using your AU Credit Card.
  • Complimentary lounge access can be availed at locations including Kolkata, Ahmedabad, Jaipur, New Delhi, Madurai, and Agra.
  • Add-on cardholders can also enjoy these railway lounge benefits within the mentioned complimentary number of visits.
• Fuel Surcharge Waiver:
  • Receive a 1% fuel surcharge waiver for fuel transactions between ₹400 and ₹5,000 across all fuel stations in the country.
  • The maximum fuel surcharge waiver is ₹150 per statement cycle.
• Card Liability Cover:
  • Carry zero liability on any fraudulent transactions made with your card after reporting the loss to the bank.
  • Protected against Card Counterfeit/Skimming and Online frauds.
• Free Insurance and Extended Warranty:
  • Benefit from free insurance and extended warranty on mobile and electronic purchases (as indicated by an image title, specific details not provided).
• Add-on Cards:
  • Extend Altura Plus Credit Card benefits to loved ones with add-on cards, which are free for lifetime.

Rewards Redemption Guide

• Reward points can be redeemed through the AU Rewardz portal.
• A plethora of options are available for redemption, including:
  • E-vouchers of top brands (e.g., Flipkart gift vouchers).
  • Merchandise.
  • Mobile/DTH recharges.
  • Flight/Hotel bookings.
• The redemption rate is 1 Reward Point = Re. 0.25.

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.
• Please note: These criteria are indicative, and AU Small Finance Bank reserves the right to approve or decline applications.

Card Review

The AU Small Finance Bank Altura Plus Credit Card is an excellent choice for individuals seeking an affordable credit card with multiple benefits across various categories. As a superior version of the Altura Credit Card, it offers enhanced and more rewarding features. With great cashback and reward offers, the card provides an opportunity to earn significant bonus Reward Points monthly. Being an affordable credit card, it presents a valuable addition for those looking for a primary card with comprehensive benefits.

Pros

• You get free railway lounge access with this card.
• Offers attractive cashback and reward points.
• Opportunity to earn up to 6,000 bonus Reward Points every month (equivalent to ₹1,500).

Cons

• There is no airport lounge access provided with this card.

Important Product Details

• Earn 1.5% cashback on retail spends at merchant outlets.
• Get 2 Reward Points on every ₹100 spent on online purchases.
• Receive 500 bonus Reward Points every month on achieving the spend milestone.
• Enjoy 2 complimentary railway lounge accesses every quarter.
• No airport lounge access is provided.
• Lost card liability cover offers zero liability on fraudulent transactions after reporting.
• Includes free insurance and extended warranty on mobile and electronic purchases.
• Add-on cards are available free for lifetime.

Other Details

• Best Suited For: Shopping.
• Reward Type: N/A (as per one source, though rewards are explicitly detailed).
• Contactless Card Usage: Make quick, secure, and easy payments by tapping the card at participating merchants without entering the Credit Card PIN for amounts up to ₹5,000.
• XpressEMI:
  • Convert transactions of ₹500 and above with a minimum total value of ₹2,000 into EMIs.
  • Club up to 20 billed or unbilled transactions together for conversion.
  • Channels for EMI conversion include AU 0101 App, Net-Banking, Auro Chat-bot, WhatsApp Banking (8383838399), On Call (1800 1200 1500), and IVR.