AU Fi Magnifi Credit Card – Benefits, Fees & Eligibility

Introduction

The AU Fi MagniFi Credit Card, issued by AU Small Finance Bank and co-created with Fi Money, is an entry-level credit card primarily aimed at young professionals, first-time cardholders, and value-conscious users. It is positioned as a lifetime-free card that uniquely rewards consumers who spend more on weekends, offering high reward points on weekend transactions and specific discounts on popular online platforms. Its differentiating benefits include a zero-fee structure and a day-based reward system that provides significant value for everyday weekend spending.

Fees

• Joining Fee: Lifetime Free (No joining fees)
• Renewal Fee: Lifetime Free (No annual or renewal fee)
• Spend-Based Waiver: Not applicable as the card is lifetime free with no minimum spend requirement.
• Rewards Redemption Fee: Not applicable
• Foreign Currency Markup: 3.49%
• Interest Rates: 3.75% Per Month (45% Per Annum)
• Fuel Surcharge Waiver: Not applicable
• Cash Advance Charges: 2.5%, subject to a minimum of ₹500

Rewards

• Reward Type: Fi Points
• Weekend Spending Rewards:
  • Earn 20 Fi Points per ₹100 spent on weekends (Saturday-Sunday) across categories like Grocery & Food, Entertainment, Shopping, and Dining.
  • Monthly limit on weekend rewards: 2,000 Fi-Points (worth ₹500) per statement cycle.
• Weekday Spending Rewards:
  • Earn 2 Fi Points per ₹100 spent on weekdays (Monday-Friday), equivalent to 0.5% back.
  • Monthly limit on weekday rewards: 2,000 Fi-Points (worth ₹500) per statement cycle.
• Fi Points Value: 4 Fi points are equal to ₹1.
• Additional Weekend Discounts:
  • 20% off (up to ₹100) once a month on Amazon, Zepto, Zomato, and BookMyShow.
  • Valid on a minimum order value of ₹500.
  • For Zomato, the discount is valid on food orders only.
• Estimated Annual Savings: The card can help save ₹25,000+ annually, broken down as:
  • Weekend Rewards: ₹6,000
  • Weekday Rewards: ₹6,000
  • Food order discounts: ₹1,200
  • Grocery Discounts: ₹1,200
  • Shopping discounts: ₹1,200
  • Movie discounts: ₹1,200
  • Travel discounts: ₹10,000+
• Lounge Access: The card does not offer domestic or international airport lounge access.
• Golf Benefits: Not applicable.
• Insurance Benefits: Not applicable.
• Travel Benefits: While Fi points can be converted to air miles, the card is not optimized for frequent travelers, international spenders, or users seeking premium travel privileges. It offers better value in cashback, statement credits, or vouchers.

Rewards Redemption Guide

• Fi Points can be redeemed exclusively on the Fi Money App.
• Redemption options include:
  • Statement Credit
  • Travel Bookings
  • Conversion to Air Miles
  • 50% Discount on Vouchers (if eligible)
  • Bill payments
  • Gift vouchers

Card Review

The AU Fi MagniFi Credit Card is a solid everyday card designed for a specific user segment, offering straight value for weekend spenders with a zero-fee structure.

Pros

• Lifetime free with no joining or annual fees, making it easy to maintain for young professionals and first-time cardholders.
• Offers a strong reward system, providing ₹1 for every 4 Fi points, which is beneficial for both weekend and weekday spending.
• An excellent entry-level card for building a CIBIL score while simultaneously saving money on daily expenses.
• Provides valuable 20% discounts on popular platforms like Amazon, Zepto, Zomato, and BookMyShow on weekends.

Cons

• The maximum earning capacity for weekday Fi points is limited to 2,000 per statement cycle.
• The 20% discount on online and in-store weekend spending is capped at ₹100, requires a minimum order value of ₹500, and is available only once a month, which might be insufficient for frequent weekend spenders.
• Does not offer airport lounge access or other premium travel/lifestyle benefits.
• Not ideal for frequent international travelers due to the foreign currency markup and lack of travel-specific perks.

Who Should Apply

• Individuals who primarily shop, dine, or engage in entertainment activities on weekends.
• First-time credit card users looking for a no-fee card to build credit history.
• Young professionals with moderate spending habits.
• Value-conscious consumers seeking predictable rewards based on their spending patterns.

Who Should Not Apply

• Frequent travelers, premium lifestyle seekers, and high international spenders who would benefit more from cards offering lounge access, lower foreign currency markup, or extensive travel rewards.

Important Product Details

• Card Name: AU Fi MagniFi Credit Card
• Issuing Bank: AU Small Finance Bank
• Co-creation: Co-created with Fi Money, AU Bank’s digital banking partner.
• Target Audience: Young professionals, first-time cardholders, and value-conscious users.
• Fee Structure: Lifetime free (no joining or annual fees).
• Reward Structure: Day-based rewards, with higher points on weekends.
  • 20 Fi Points per ₹100 on weekend spending.
  • 2 Fi Points per ₹100 on weekday spending.
• Reward Limits: Maximum 2,000 Fi-points per statement cycle for both weekday and weekend rewards.
• Fi Point Value: 4 Fi points = ₹1.
• Weekend Discounts: 20% off (up to ₹100) once a month on Amazon, Zepto, Zomato, and BookMyShow (min. ₹500 spend).
• Foreign Currency Markup: 3.49%.
• Interest Rate: 3.75% per month (45% per annum).
• Cash Advance Charges: 2.5%, minimum ₹500.
• Lounge Access: No domestic or international lounge access.
• Travel Optimization: Not optimized for airline miles; offers better value in cashback, statement credits, or vouchers.

Other Details

• The MagniFi Federal Fi Credit Card (a different co-branded card with Federal Bank) will be discontinued from 20 March 2026. Card usage, benefits, and offers for this specific card will continue until that date.
• Epifi Technologies Pvt. Ltd. has partnered with AU Small Finance Bank to offer the Magnifi AU-Fi cobranded credit card.
• Fi Brand Pvt. Ltd. markets and distributes co-branded cards in partnership with Federal Bank and Visa.
• Fi itself is not a bank and does not hold or claim to have a banking license.
• The Fi platform offers various financial products, including Unified Payments Interface (UPI) services (Epifi Tech as a Third-Party App Provider), Savings Accounts and Deposits (Federal Bank), Cards (co-branded with Federal Bank/Visa and AU Small Finance Bank), and Loan facilitation (Epifi Tech as a lending service provider).
• All products on the Fi platform are governed by their respective Terms and Conditions, Privacy Policy, and partner-specific terms.
• Fi is a money management platform that helps users with financial needs, including opening Federal Bank Savings Accounts, applying for instant personal loans, investing in Mutual Funds and US Stocks, using forex-free Debit Cards, and analyzing spend insights.
• Brand logos used on the website are for illustrative purposes and do not imply endorsement by or of these brands.