AU Ivy Debit Card – Benefits, Fees & Eligibility

Introduction

The AU Ivy Debit Card is an invite-only, premium debit card issued by AU Small Finance Bank, designed for high-net-worth individuals under the AU Ivy Banking Program. It is linked to a savings account requiring a substantial relationship with the bank, offering a zero cross-currency markup on international transactions, complimentary airport lounge access, and a generous BookMyShow ticket benefit as its top differentiating features.

Welcome Benefits

• Get an Amazon Gift Voucher worth Rs. 500 on completing the milestone eligibility criteria.

Transaction Limits & Usage

• Daily Limits: Daily E-commerce and POS transaction limit of ₹10,00,000 and an ATM withdrawal limit of ₹4,00,000.
• Contactless Payments: The card supports contactless Tap & Pay for transactions up to ₹5,000 in India without needing a PIN.
• International Usage: The card is enabled for international transactions with a 0% cross-currency markup fee.

Fees and Charges

• The AU Ivy program is a no-service-charge program, implying no issuance or annual maintenance charges for the card itself.
• Standard charges are applicable for all other services and products not explicitly listed as complimentary.
• Complimentary services include utility bill payments, email alerts, duplicate statements, and stop cheques processed through online modes.
• A 50% discount is offered on locker rentals.
• Preferential rates are offered on Forex transactions.
• No annual maintenance charges are levied for the linked Demat Account.

Rewards & Offers

Travel & Lifestyle

• Airport Lounge Access: Enjoy 4 domestic and 4 international airport lounge accesses per quarter.
• Golf Access: Get 2 complimentary golf plays every quarter, along with access to services like golf course reservations, golf lessons, equipment, and apparel assistance.
• Hotel Privileges: Exclusive stay offers at ITC Hotels (Stay for 3, Pay for 2 and 50% savings on the 2nd night) and Elivaas luxury villas (Stay for 3, Pay for 2 and 50% savings on the 2nd night).

Entertainment

• BookMyShow: Get 96 complimentary tickets a year through a Buy 1 Get 1 free offer. You can avail 8 free tickets every month (6 for movies, 2 for events), with a maximum discount of INR 500 per ticket.

Dining & Subscriptions

• EazyDiner: 1-year complimentary EazyDiner Prime membership, offering a guaranteed minimum 25% discount across 2,000+ premium restaurants in India.
• Digital Subscriptions: Free annual digital subscriptions to Livemint and The Wall Street Journal.

Banking & Relationship Benefits

• Family Banking: Integrate the personal accounts of up to five other family members.
• Relationship Manager: Access to a dedicated Relationship Manager as a single point of contact for the entire family.
• Retail Asset Offers: Exclusive offering on Retail Asset rates and processing fees for salaried customers.

Account & Eligibility Criteria

• This is an invite-only program.
• Eligibility (meet one):
  • Maintain an Average Quarterly Balance of INR 25 lakhs in Savings Accounts at a group level.
  • Maintain a Total Relationship Value (TRV) of INR 2 crore at a group level. TRV includes Savings Account AQB, Fixed Deposits (tenure >= 6 months), and Mutual Fund AUM (Equity & Debt schemes, excluding Liquid & Cash equivalent) with AU Small Finance Bank.

Important Product Details

• Zero Cross-Currency Markup: No extra fees are charged on international debit card transactions.
• Insurance Benefits: The card comes with a host of insurance covers:
  • Overall Purchase Protection: ₹1 lacs
  • Air Accident Cover: ₹3 crore
  • Indemnity Cover: ₹10 lacs
  • Loss of Baggage: ₹5 lacs
  • Personal Accident Cover: ₹15 lacs
• Convenient Banking: Instant access to funds and management through the AU 0101 Mobile Banking App or NetBanking, including the ability to book flights, hotels, and recharge mobiles.
• Concierge Services: Access to a Concierge Desk via a toll-free phone banking number for assistance with golf, travel, and other lifestyle needs.

Other Details

• For international lounge access, the card or the Priority Pass app can be used. A guide and eligible lounge list are available for reference.
• For domestic lounge access, the AU Ivy Debit Card is used directly at participating lounges.
• The card offers a bouquet of complimentary offers on top brands, accessible through the bank's offers portal.