AU Kosmo Credit Card – Benefits, Fees & Eligibility

Introduction

The AU Kosmo Credit Card, issued by AU Small Finance Bank in partnership with Kiwi, is positioned as a lifetime free, entry-level credit card ideal for individuals new to credit or those seeking a card primarily for UPI transactions. Its key differentiating benefits include earning Kiwi rewards on UPI Scan & Pay, eCom, POS, and contactless transactions, a lifetime free status with no annual fees, and a 1% fuel surcharge waiver.

Fees

• Joining Fee: Lifetime Free
• Renewal Fee: Lifetime Free
• Foreign Currency Markup: 3.49%
• Interest Rates: 3.75% per month (45% per annum)
• Fuel Surcharge Waiver: 1% waiver (up to ₹100) for transactions between ₹400 and ₹5,000 at all fuel stations across the country.
• Cash Advance Charges: 2.5%

Rewards

• Earn Kiwi rewards on every UPI Scan & Pay, eCom, POS, and contactless transactions.
• Standard Reward Rate:
  • 1.5% cashback on UPI Scan & Pay transactions.
  • 0.5% cashback on all eligible online and offline purchases.
• Kiwi Neon Membership Benefits (for Premium Users):
  • Get 5% cashback on annual spends above ₹1.5 lakh.
  • Receive 2% cashback on UPI Scan & Pay transactions.
  • Receive 0.5% cashback on online payments.
  • Spend-Based Cashback and Airport Lounge Access:
    • 3% cashback on spends of ₹50,000 in a year and 1 complimentary airport lounge access.
    • 4% cashback on spends of ₹1,00,000 in a year and 1 complimentary airport lounge access.
    • 5% cashback on spends of ₹1,50,000 in a year and 1 complimentary airport lounge access.
• Other Benefits:
  • Contactless Card Usage: Make quick and secure payments up to ₹5,000 without entering your PIN by tapping your card or mobile phone.
  • Xpress EMI: Convert transactions of ₹500 and above with a minimum total value of ₹2,000 into easy monthly installments.
  • Add-on Cards: Offer Kosmo Credit Card benefits to loved ones.

Rewards Redemption Guide

• 1 Kiwi reward point is equivalent to ₹0.25.
• Rewards earned on eligible spends during a statement cycle will be credited to your Kiwi account on the date of your Credit Card statement generation.
• Reward balance is visible through the Kiwi App.
• Cashback earned is directly credited to your bank account for convenience.

Card Eligibility Criteria

• Primary Cardholder Age Group:
  • Self Employed: 25 years to 65 years
  • Salaried: 21 years to 60 years
• Add-on Cardholder: Must be over 18 years.
• Residency: Must be a Resident Indian.
• These criteria are indicative, and AU Small Finance Bank reserves the right to approve or decline applications for Credit Card.

Card Review

• Overall Verdict: The AU Kosmo Credit Card is a great choice for beginners looking for a lifetime free card with good benefits, especially for maintaining a credit score. It is particularly beneficial for users who frequently use UPI for groceries, fuel, dining, and small payments.
• Pros:
  • Lifetime free credit card with no joining or annual fees.
  • Users can pay for their purchases in EMI using Xpress EMI.
  • Can be linked to UPI apps for convenient payments and rewards.
• Cons:
  • The card does not offer high-end benefits such as extensive complimentary airport lounge access (beyond spend-based under Kiwi Neon Membership) or travel insurance.
  • May not be suitable for users seeking premium rewards programs.

Important Product Details

• This is a lifetime free credit card with no joining or annual fee.
• Earn rewards on UPI, online shopping, and POS transactions.
• Includes a 1% fuel surcharge waiver for transactions between ₹400 and ₹5,000, capped per cycle.
• The card is available in both digital and physical forms.
• Eligible spends can be converted into EMIs.
• The card can be linked to UPI applications.
• Supports contactless payments up to ₹5,000 without a PIN.
• Add-on cards are available.

Other Details

• Application Process: You can apply for the AU Kosmo Credit Card through the Kiwi App.
• Card Delivery: A physical AU Kosmo Credit Card will be received at your registered address. A digital card is also accessible through digital channels such as the AU 0101 mobile app, Chatbot, IVR, website, and the Kiwi App.
• UPI Linkage Process:
  • Your AU Kosmo Credit Card will be linked to the Kiwi App once you click on the “Link Your Credit Card” option.
  • Alternatively, you can link your AU Kosmo Credit Card to other UPI apps (e.g., BHIM, AU 0101) by downloading the app, verifying your mobile number, completing registration, selecting "Add Credit Card / Link Credit Card," choosing AU Small Finance Bank, confirming details, and generating a UPI PIN.
  • To register your AU Kosmo Credit Card on a UPI application, your mobile number must be the same on both the Credit Card and the UPI app.
  • You must create a separate UPI PIN for your Credit Card to use for UPI transactions; your Credit Card PIN cannot be used for UPI authentication.
  • If your AU Kosmo Credit Card gets renewed or replaced, you will need to re-link it with UPI apps.
• Card Management: You can switch transaction types on/off, set transaction limits, and block/unblock your card through the AU 0101 or Kiwi mobile app.
• Product Offers: You can visit offers.aubank.in to claim your eligible offers.
• Bank Presence: AU Small Finance Bank has a national presence with over 2,700 touchpoints, offers quality services, and provides a superfast AU 0101 app for managing transactions.
• Legal Information: Detailed terms and conditions are available in the Most Important Terms and Conditions (MITC) and Credit Card Member Agreement (CMA) documents.