AU Corporate Credit Card – Benefits, Fees & Eligibility

Introduction

The AU Corporate Credit Card, issued by AU Bank, is positioned as a lifetime-free corporate credit card designed to meet the needs of modern businesses by simplifying expense management. It stands out for its zero joining and renewal fees, comprehensive insurance coverage, complimentary domestic airport lounge access, and a beneficial fuel surcharge waiver, making it a preferred choice for companies focused on cost savings and efficient financial management.

Fees

• Joining Fee: Nil
• Renewal Fee (Annual Fee): Nil
• Foreign Currency Markup: 2.99%
• Interest Rates: 3.49% per month; 41.88% annually
• Fuel Surcharge Waiver: A 1% fuel surcharge is waived for all fuel transactions between ₹400 and ₹5,000 across all fuel stations. The maximum benefit is capped at ₹200 per statement cycle.
• Cash Advance Charges: 2.5% of the over-limit amount (minimum ₹500)

Card Review

The AU Corporate Credit Card is an impressive option for businesses aiming to manage expenses effectively. Its lifetime-free nature provides immediate cost savings, while features like complimentary domestic airport lounge access and a 1% fuel surcharge waiver add further value. The card offers extensive insurance coverage, including air accident cover up to ₹50 lakhs and travel protections up to ₹50,000 for baggage loss, delays, flight delays, loss of passport, and plane hijacking, alongside zero liability for fraudulent transactions if reported. The integrated web-based expense management tool streamlines tracking and approvals for both employees and managers. While the card does not offer welcome benefits or additional rewards programs, its strong focus on cost savings, security, and efficient expense management makes it a highly helpful choice for any business.

Pros

• Web-based tool for easy expense tracking and management.
• Zero liability for fraudulent transactions if the card is reported lost or stolen.
• No joining or renewal fees (lifetime free).
• Complimentary domestic airport lounge access.
• Comprehensive insurance coverage.
• Fuel surcharge waiver.

Cons

• No welcome benefits or additional rewards programs.

Important Product Details

• The card has no joining or renewal fees, making it a lifetime-free card.
• Cardholders enjoy two complimentary visits to domestic airport lounges every quarter.
• The card offers comprehensive insurance coverage:
  • Complimentary air accident cover up to ₹50 lakhs.
  • Card liability cover with zero liability for fraudulent transactions if the card is reported lost or stolen.
  • Travel protections for baggage loss, baggage delays, flight delays, loss of passport, and plane hijacking, all up to ₹50,000.
• A 1% fuel surcharge waiver is provided for fuel transactions between ₹400 and ₹5,000 at any fuel station in India, with a maximum benefit of ₹200 per statement cycle.
• The card is best suited for travel-related expenses.

Other Details

• Corporate credit cards are vital for businesses to manage expenses better, allowing employees to pay for travel, meals, and other work-related costs without using their personal money.
• By reducing expense management complexities, businesses can concentrate more on their operations and growth.
• The card helps organizations of all sizes manage their finances more easily.
• The web-based expense management tool helps businesses track spending easily and clearly. Employees can submit their expenses online, and the system checks them against company rules before approval, speeding up the process and allowing managers to monitor spending. This tool helps match receipts and track expenses, reducing errors and keeping spending within budget.
• There are no rewards or points programs associated with the AU Corporate Credit Card.