AU Bank Purchase Credit Card – Benefits, Fees & Eligibility

Introduction

The AU Purchase Credit Card, issued by AU Bank, is a lifetime free corporate credit card designed to streamline business purchases. It offers key differentiating benefits such as customisable spend controls, an extended interest-free credit period of up to 48 days, and simplified consolidated payments, making it an ideal tool for efficient expense management.

Welcome Benefits

• The card is Lifetime Free, meaning it has no joining or annual fee for Corporates.

Fees

• Joining Fee: No joining fee for Corporates.
• Renewal Fee: No annual fee for Corporates.
• Interest Rates: Enjoy an extended interest-free credit period of up to 48 days.
• Fuel Surcharge: A 1% fuel surcharge waiver is available (up to ₹200) for transactions between ₹400 and ₹5,000 at all fuel stations across the country.
• Other Charges: A detailed schedule of charges is available via a provided link on the bank's website.

Rewards

• Expense Management:
  • Customisable spend controls to manage business expenses effectively.
  • Web-Based Expense Management Solutions to automate reconciliation, monitoring, and spending management.
  • Merchant Category Specific Transaction Restrictions allow restricting card usage at selected merchant categories for better expense control.
  • Simplified consolidated payments.
• Convenience:
  • Contactless convenience for quick and secure payments up to ₹5,000 without entering a PIN by tapping the card or mobile phone against a POS machine.
• Savings:
  • 1% Fuel Surcharge Waiver (up to ₹200) for transactions between ₹400 and ₹5,000 at all fuel stations.

Important Product Details

• Lifetime Free Card with no joining or annual fee for Corporates.
• Customisable spend controls.
• Extended interest-free credit period of up to 48 days.
• Simplified consolidated payments.
• Web-Based Expense Management Solutions for automated reconciliation, monitoring, and spending management.
• Ability to restrict card usage at selected merchant categories.
• 1% Fuel Surcharge Waiver (up to ₹200) for transactions between ₹400 and ₹5,000.
• Contactless payment facility for transactions up to ₹5,000 without PIN.

Other Details

• AU Bank has a national presence with 1042 branches & ATMs.
• The bank offers quality services at competitive rates and ample touchpoints for convenient customer service.
• The AU 0101 Mobile App allows users to manage and track transactions, view balance, download account statements, and request cheque books.
• AU Bank has a sustained growth with a balance sheet of over ₹1 lakh crore and serves 30 lakh customers on its app.
• 24x7 customer support is available.
• The card account can be referred to friends and family.