AU Spont Credit Card – Benefits, Fees & Eligibility

Introduction

The AU Spont Credit Card is an entry-level offering from AU Bank, designed for individuals seeking a credit card primarily for small payments and UPI transactions. It stands out by offering a 1% cashback on all UPI spends and providing complimentary access to both domestic airport and railway lounges. This card is particularly suitable for those looking for their first credit card, given its low joining fee and accessible eligibility criteria.

Welcome Benefits

• Earn 500 coins on the first transaction made via the AU 0101 App.

Fees

• Joining Fee: Rs. 299 + GST
• Annual Fee: Rs. 299 + GST
• Spend-Based Waiver: Not available.
• Rewards Redemption Fee: Not applicable.
• Foreign Currency Markup: 3.5%
• Interest Rates: 3.75% Per Month (45% Per Annum)
• Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 5000.
• Cash Advance Charges: 2.5% of the withdrawn amount or ₹500, whichever is higher.

Rewards

• Cashback:
  • Earn 1% cashback on all UPI spends across multiple channels.
  • Earn 1% cashback on eComm, POS & contactless transactions.
  • A maximum of ₹500 cashback can be earned in a statement cycle.
  • No cashback shall be awarded for Fuel, Rent, Cash Withdrawals, EMIs & Insurance spends.
• AU 0101 App Coins:
  • Earn 5 coins on each UPI transaction made on the AU 0101 App.
  • These coins have lifetime validity.
• Travel & Lounge Access:
  • Domestic Airport Lounge Access: Receive 2 complimentary visits each quarter upon spending ₹50,000 in a calendar quarter.
  • Railway Lounge Access: Get 2 complimentary railway lounge access visits each quarter (total 8 per year).
• Other Benefits: Movie & Dining, International Lounge Access, Golf, and Insurance Benefits are not applicable with this card.

Rewards Redemption Guide

• Cashback: No specific redemption process is mentioned for cashback, implying it may be auto-credited.
• AU 0101 App Coins: These coins can be redeemed at AU Rewardz.

Card Eligibility Criteria

• Applicants must have a monthly income of over ₹10,000.

Card Review

• Pros:
  • Offers free access to domestic airport and railway lounges across India, a significant perk for an entry-level card.
  • Provides 5 coins for every UPI transaction made via the AU 0101 app, along with a bonus of 500 coins on the first transaction.
  • Features low joining and renewal charges, making it an accessible option for those seeking their first credit card.
• Cons:
  • The cashback rate is relatively low, requiring a substantial spend of ₹50,000 in a month to achieve the maximum cashback of ₹500.
• Overall Verdict: The AU Spont Credit Card is a suitable choice for individuals who frequently use UPI for transactions and desire basic lounge access benefits. Its low fees and straightforward reward structure make it an attractive entry-point into the credit card market.

Important Product Details

• You can earn cashback on all UPI transactions with this card.
• Spend-based airport lounge access is offered with this card.
• Free railway lounge access is provided.
• Earn 1% cashback on all UPI spends across multiple channels.
• Earn 1% cashback on eComm, POS & contactless transactions.
• A maximum of ₹500 cashback can be earned in a statement cycle.
• No cashback shall be awarded for Fuel, Rent, Cash Withdrawals, EMIs & Insurance spends.
• Earn 5 coins on each UPI transaction made on the AU 0101 App.
• Earn 500 coins on the first transaction made via the AU 0101 App.
• These coins would never expire, i.e., they have lifetime validity.
• These coins can be redeemed at AU Rewardz.
• By spending ₹50,000 in the current quarter, AU Spont Cardholders can avail up to two complimentary airport lounge visits.
• With the AU Spont Credit Card, you would get two complimentary railway lounge access each quarter (eight each year).

Other Details

• The AU Spont Credit Card comes in both physical and virtual variants.
• The maximum cashback that can be earned is Rs. 500 per month.