AU Altura Plus Credit Card – Benefits, Fees & Eligibility

Introduction

The AU Altura Plus Credit Card, issued by AU Small Finance Bank, is positioned as a superior and affordable credit card, ideal for shopping and individuals seeking a primary card with multiple benefits. It offers a competitive 1.5% cashback on POS retail spends, 2x reward points on online purchases with no maximum cap, and an opportunity to earn 500 bonus reward points monthly. Cardholders also benefit from complimentary railway lounge access, a spend-based fee waiver, and a 1% fuel surcharge waiver.

Fees

• Joining Fee: ₹499 + GST
• Annual Fee: ₹499 + GST
• Spend-Based Waiver: The annual charges can be waived by spending Rs. 80,000 in a 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 Waiver: 1% fuel surcharge waiver for all transactions between Rs. 400 and Rs. 5,000. The maximum fuel surcharge waiver is capped at Rs. 150 per statement cycle.
• Cash Advance Charges: 2.5% of the advanced amount or ₹500, whichever is higher.

Rewards

• Cashback & Reward Points:
  • Earn 1.5% cashback on POS retail transactions at merchant outlets.
  • The maximum cashback per statement cycle is capped at Rs. 100.
  • After reaching the maximum cashback limit, earn 1 Reward Point for every Rs. 100 on POS retail purchases.
  • Earn 2 Reward Points for every Rs. 100 spent on online transactions.
  • There is no maximum cap on the reward points earned.
  • No reward points or cashback are earned on fuel transactions.
• Milestone Benefits:
  • Earn 500 bonus Reward Points on achieving a milestone spend of Rs. 20,000 in a calendar month.
  • This provides an opportunity to earn up to 6,000 bonus Reward Points every year.
• Travel Benefits:
  • Receive 2 complimentary railway lounge access visits every quarter.
  • The complimentary lounge facility is available at select locations, including Kolkata, Ahmedabad, Jaipur, Delhi, Madurai, and Agra.
  • These complimentary visits can be availed by primary as well as add-on cardholders.
• Other Benefits:
  • Zero liability protection.

Rewards Redemption Guide

• The earned reward points can be redeemed at the AU Rewardz portal.
• The redemption rate is 1 Reward Point = Re. 0.25.
• Reward points can be redeemed against various categories, including flight/hotel bookings, DTH/mobile recharges, merchandise, and gift vouchers (e.g., Flipkart gift vouchers).

Card Eligibility Criteria

• The applicant's age should be between 21 years and 60 years.
• The age of add-on cardholders should be more than 18 years.
• The applicant must be a resident of India.

Card Review

• Overall Verdict: The AU Small Finance Bank Altura Plus Credit Card is an excellent choice for individuals seeking an affordable credit card with multiple benefits, especially for shopping. It is a superior version of the Altura Credit Card, offering enhanced rewards and features. With great cashback and reward offers, including the potential to earn up to 6,000 bonus Reward Points annually (equivalent to Rs. 1,500), it represents a valuable addition to the wallet for those looking for a primary card with benefits across different categories.
• Pros:
  • Free railway lounge access.
  • 1.5% cashback on retail spends at merchant outlets.
  • 2 Reward Points on every Rs. 100 spent on online purchases.
  • Opportunity to earn 500 bonus Reward Points every month.
  • No maximum cap on reward points.
  • Annual fee waiver based on spend.
• Cons:
  • No airport lounge access provided with this card.
  • Maximum cashback per statement cycle is capped at Rs. 100.
  • No reward points or cashback on fuel transactions.

Important Product Details

• 1.5% cashback on retail spends at merchant outlets, capped at Rs. 100 per statement cycle.
• 2 Reward Points on every Rs. 100 spent on online purchases.
• Earn 500 bonus Reward Points every month on achieving a spend of Rs. 20,000 in a calendar month.
• 2 complimentary railway lounge access every quarter.
• Spend Rs. 80,000 in a card anniversary to waive the annual charges.
• 1% fuel surcharge waiver for all transactions between Rs. 400 & Rs. 5,000, capped at Rs. 150 per statement cycle.
• Foreign currency markup of 3.49%.
• Interest rate of 3.59% Per Month (43.08% Per Annum).
• Cash advance charges of 2.5% or ₹500, whichever is higher.
• No maximum cap on reward points.
• Zero liability protection.

Other Details

• The card is a superior version of the AU Altura Credit Card.
• The 6,000 bonus Reward Points annually are equivalent to Rs. 1,500.