AU Corporate Credit Card – Benefits, Fees & Eligibility

AU Corporate Credit Card

Introduction

The AU Corporate Credit Card is a comprehensive solution designed for businesses to effectively manage corporate travel, entertainment, and employee engagement expenses. It offers a tailored approach to streamline claim reimbursement, centralize billing, and provide better visibility into spending. As a lifetime-free card, it helps organizations of all sizes manage their finances without incurring joining or renewal fees, allowing businesses to focus more on their operations and growth. The card also extends benefits to employees, including ease in expense management, fuel surcharge waivers, complimentary insurance covers, and airport lounge access.

Welcome Benefits

• N/A (The card is Lifetime Free, meaning no joining or renewal fees).

Fees

• Joining Fee: Nil
• Renewal Fee: Nil
• Spend-Based Waiver: N/A
• Rewards Redemption Fee: N/A (As there are no reward points programs)
• Foreign Currency Markup: 2.99%
• Interest Rates: 3.49% per month (equivalent to 41.88% annually)
• Fuel Surcharge Waiver: 1% fuel surcharge waiver for fuel transactions between INR 400 and INR 5,000 across all fuel stations in the country, with a maximum waiver of INR 200 per statement cycle.
• Cash Advance Charges: 2.5% of the over-limit amount (minimum ₹500).

Rewards

• Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on transactions between INR 400 and INR 5,000 at any fuel station in India, capped at a maximum of INR 200 per statement cycle.
• Domestic Lounge Access: Receive 8 complimentary lounge accesses per annum (maximum 2 per calendar quarter) within India, using your VISA Card.
• Web-Based Expense Management Solution:
  • A solution with an in-built authorization matrix to automate reconciliation, monitoring, and management of spending.
  • Helps businesses track spending easily and clearly.
  • Employees can submit expenses online, and the system checks them against company rules for approval, speeding up the process.
  • Helps match receipts and track expenses, reducing errors and keeping spending within budget.
• Complimentary Insurance Cover:
  • Air Accident Cover: Up to INR 50 Lakhs.
  • Card Liability Cover: In the event of loss of Credit Card, you carry zero liability on any fraudulent transactions made with the Card after reporting the loss to the bank. Protection against card counterfeiting/skimming and online fraud is also included.
  • Other Travel Related Covers: Insurance of up to INR 50,000 in the event of baggage loss, baggage delay, delay in flight, loss of passport, and plane hijack.
• Movie & Dining: N/A
• Rewards Rate: N/A
• Travel: N/A (Specific travel rewards are not mentioned apart from lounge access and travel insurance covers).
• International Lounge Access: N/A
• Golf: N/A

Rewards Redemption Guide

• There are no rewards or points programs associated with the AU Corporate Credit Card, hence a redemption guide is not applicable.
• To claim any insurance benefits, please call customer care at 1800 1200 1500.

Card Review

The AU Corporate Credit Card is an impressive option for businesses prioritizing efficient expense management and cost savings. It is particularly well-suited for organizations looking for a travel-focused corporate card without recurring fees.

• Pros:
  • Lifetime Free: No joining or renewal fees, which helps companies save money immediately.
  • Web-Based Expense Management Solution: Provides an easy tool for tracking, managing, and automating expense reconciliation with an in-built authorization matrix.
  • Comprehensive Insurance Coverage: Includes air accident cover (up to ₹50 lakhs), zero liability for fraudulent transactions after reporting card loss, and travel-related protections (up to ₹50,000) for baggage issues, flight delays, passport loss, and plane hijack.
  • Domestic Airport Lounge Access: Offers two complimentary visits per quarter.
  • Fuel Surcharge Waiver: Provides savings on fuel transactions.
• Cons:
  • No welcome benefits or additional rewards programs (e.g., cashback or reward points) beyond the inherent cost savings and included benefits.
  • Foreign currency markup fee of 2.99% for international expenses.

Overall, its focus on cost efficiency, security, and administrative convenience makes it a helpful choice for businesses seeking to streamline corporate spending.

Important Product Details

• The AU Corporate Credit Card is a lifetime-free card, meaning it has no joining or renewal fees.
• Cardholders receive two complimentary visits to domestic airport lounges every quarter.
• The card offers comprehensive insurance coverage for travel-related issues, including air accidents, loss of baggage, flight delays, and provides zero liability for fraudulent transactions post-reporting.
• It includes a 1% fuel surcharge waiver for transactions between INR 400 and INR 5,000.
• A web-based expense management solution is provided to automate reconciliation, monitoring, and management of spending.

Other Details

• The card offers a tailor-made solution for corporates to manage expenses easily with better visibility.
• Corporates can assign limits, manage issuance, and billing through the AU Corporate Card expense management solution.
• The card aims to complement an organization's profile by providing exclusive features and benefits.