AU Bank Xcite Ace Credit Card – Benefits, Fees & Eligibility

Introduction

The AU Bank Xcite Ace Credit Card, issued by AU Bank, is positioned as a lifetime-free card on the SwipeUp platform, offering significant upgrades over existing credit cards. It provides enhanced cashback benefits of up to 3%, higher credit limits, and a range of features across various categories. Key differentiating benefits include complimentary domestic airport and railway lounge access, comprehensive travel-based insurance covers, up to 30% dining discounts, and a free device protection plan.

Fees

• Joining Fee: ₹749 + GST. However, the card is widely promoted as lifetime free with a zero annual membership fee.
• Annual Fee: ₹749 + GST. However, the card is widely promoted as lifetime free with a zero annual membership fee.
• Spend-Based Waiver: Annual Fee Waiver on Spends of ₹2 Lakh or More. (This condition would apply if an annual fee were charged, but the card is generally considered lifetime free).
• Rewards Redemption Fee: ₹99 + GST
• Foreign Currency Markup: 3.49% of the total amount
• Interest Rates: 3.75% Per Month, i.e., 45% Annually
• Fuel Surcharge Waiver: 1% fuel surcharge waiver on all fuel transactions worth between Rs. 400 to Rs. 5,000, capped at Rs. 250 per month.
• Cash Advance Charges: 2.5% of the withdrawn amount, subject to a minimum of ₹100.

Rewards

• Cashback Rates:
  • 3% cashback on net monthly spends worth Rs. 20,000 or more.
  • 2% cashback on monthly spends worth Rs. 12,500 or more.
  • 1% cashback on monthly spends worth Rs. 7,500 or more.
• Cashback Cap: The maximum cashback per statement cycle is capped at Rs. 750.
• Ineligible Transactions for Cashback: Rent payments, fuel purchases, wallet reloads, etc., are not eligible for cashback.
• Dining: Up to 30% discount on dining across more than 300 restaurants.
• Travel Privileges:
  • Domestic Airport Lounge Access: 2 complimentary domestic airport lounge visits every quarter (total 8 free visits annually), on spends of ₹20,000 each quarter.
  • Railway Lounge Access: 2 complimentary railway lounge access every quarter (total 8 per year). This benefit can be availed in selected cities, including New Delhi, Kolkata (Sealdah), Jaipur, Ahmedabad, and Agra. Supplementary cardholders can also avail of these free railway lounge visits within the complimentary limit.
• Insurance Benefits:
  • Personal accident cover worth Rs. 50 lakhs against air accidents.
  • Credit shield cover worth up to Rs. 2 lakhs (card liability cover).
  • Purchase protection cover of up to Rs. 25,000.
  • Travel-based insurance coverage against lost/delayed baggage, flight delay, loss of passport, etc.
• Device Protection Plan:
  • Complimentary device protection plan on mobile phones.
  • One-year extended warranty on mobile phones, tablets, laptops, and white goods purchases.
• Concierge Benefits:
  • Customized travel, entertainment, or leisure experiences.
  • Booking flights/hotels.
  • Booking golf sessions.

Rewards Redemption Guide

• The earned cashback is directly credited to your accounts and automatically adjusted against your card’s outstanding balance.

Card Review

The AU Bank Xcite Ace Credit Card is an excellent choice for individuals seeking to upgrade to a credit card with minimal charges, offering a zero annual membership fee. It provides a competitive cashback rate, substantial travel privileges, and a wide array of benefits across various categories. Positioned as a slightly more premium version of the basic Xcite Credit Card, it is ideal for those with a mid-level credit card looking for a higher credit limit and improved cashback rates. Its comprehensive benefits make it a valuable option for those prioritizing travel, shopping, and lifestyle advantages.

Important Product Details

• Get up to 3% cashback on your spending.
• Complimentary railway lounge access every year (2 per quarter).
• Complimentary airport lounge access every year (2 per quarter).
• Save up to 30% on your dining expenses.
• 1% fuel surcharge waiver on all fuel purchases.
• Get a free device protection plan and extended warranty.
• The card is lifetime free with a zero annual membership fee.
• Offers higher credit limits and better benefits compared to existing credit cards.
• Cashback is automatically adjusted against the card's outstanding balance.

Other Details

• The AU Bank Xcite Ace Credit Card is one of three cards recently launched on the AU Bank's SwipeUp platform.
• It offers higher reward rates and greater benefits compared to the basic Xcite Card.