AU Laksya Credit Card – Benefits, Fees & Eligibility

Introduction

The Laksya Credit Card, issued by AU Small Finance Bank, is positioned as a card that transforms everyday expenses into rewarding experiences. Its key differentiating benefits include up to 15% instant discounts with merchant partners, complimentary airport lounge access, and accelerated reward points on specific spending categories.

Welcome Benefits

• Receive 4,000 Bonus Reward Points or a ₹1,000 Brand Voucher upon card activation.

Fees

• Joining Fee: Not explicitly mentioned as a separate joining fee, but an Annual Card Membership fee of ₹1,000 + applicable taxes is stated.
• Renewal Fee: The Annual Card Membership fee is ₹1,000 + applicable taxes.
• Spend-Based Waiver: The Annual Card Membership fee for the 2nd year onwards can be waived if retail spends of ₹2,00,000 are made in the previous card anniversary year.
• Fuel Surcharge Waiver: Save 1% surcharge on fuel spends between ₹400 and ₹5,000 across India, with a maximum waiver of ₹150 per statement cycle.
• Xpress EMI Processing Fee: Enjoy Zero Processing Fee when converting transactions of a minimum value of ₹2,000 into EMI. You can club up to 20 billed or unbilled transactions for conversion.

Rewards

• Accelerated Rewards: Earn up to 5 Reward Points per ₹100 on spends at Grocery stores, Departmental Stores, and Contactless payments.
• Partner Privileges:
  • Enjoy a flat 15% off at partner merchants.
  • Receive Buy-One-Get-One Movie Tickets every month.
• Airport Lounge Access: Enjoy 8 complimentary Domestic Airport Lounge Access visits for a relaxed travel experience.
• Contactless Payments: Make quick, secure payments up to ₹5,000 without entering your PIN by tapping your card or mobile phone, and earn 5 Reward Points on every ₹100 spent.
• Add-on Cards: Offer credit card benefits to your loved ones with lifetime-free add-on cards.

Rewards Redemption Guide

• Redeem your Reward Points for a range of amazing benefits through AU Rewardz.

Card Eligibility Criteria

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

Important Product Details

• Positive Highlights:
  • Up to 15% instant discount with merchant partners.
  • 8 complimentary Domestic Airport Lounge Access visits.
  • Accelerated Reward Points, earning up to 5 Reward Points per ₹100 on Grocery, Departmental Stores & Contactless payments.
  • Flat 15% off at partner merchants and Buy-One-Get-One Movie Tickets every month.
  • Zero Processing Fee on Xpress EMI for transactions of ₹2,000 or more.
  • Lifetime-free add-on cards.
  • 1% Fuel Surcharge Waiver (max ₹150 per cycle).
• Negative Highlights:
  • Annual Card Membership fee of ₹1,000 + applicable taxes, though waivable on achieving a spend milestone.

Other Details

• AU Small Finance Bank Benefits:
  • National presence with 1042 branches & ATMs.
  • Offers quality services at competitive rates.
  • Ample touchpoints ensure convenient customer service.
  • Superfast AU 0101 App for managing and tracking transactions.
  • Sustained growth with a balance sheet of over ₹1 lakh crore.
• AU 0101 Mobile App Features:
  • View balance and transactions.
  • Download account statements.
  • Request cheque books.
• Customer Support: 24x7 help is available.
• Referral Program: Option to refer the account to friends and family.
• Legal Information: Links to Most Important Terms and Conditions (MITC) and Card Member Agreement are available.