AU Small Finance BankAU Tejas Credit Card – Benefits, Fees & Eligibility
Is the AU Tejas Credit Card Right for You?
The AU Tejas Credit Card is best suited for users who prioritize Shopping, Movies, Dining. With a joining fee of ₹500 + GST and a renewal fee of ₹500 + GST, this card is positioned for cardholders who can maximize its benefits to justify the cost. It offers Reward Points & Cashback as its primary reward mechanism, with a rewards rate of Flat 10% cashback on spends at partner merchants & up to 5 Reward Points per ₹100 spent..
Key Card Details
₹500 + GST
₹500 + GST
Reward Points & Cashback
Notable Perks
Spend-Based Waiver
Annual fee waived if retail spends of ₹1,50,000 are made in the previous card anniversary year.
Movie Benefits
Flat 10% cashback on spends at partner merchants across categories such as movies.
Things to Consider
An annual membership fee of ₹500 + taxes applies, though it can be waived with high spending.
The card lacks specific travel, lounge access, or golf benefits for premium users.
No explicit insurance benefits are mentioned, which might be a drawback for some users.
Benefits & Features
Welcome Offer
2,000 Bonus Reward Points or ₹500 Brand Voucher on activation; 500 Bonus Reward Points for 5 transactions.
Rewards Rate
Flat 10% cashback on spends at partner merchants & up to 5 Reward Points per ₹100 spent.
Reward Type
Reward Points & Cashback
Reward Redemption
Redeem accumulated Reward Points for various benefits through the AU Rewardz platform.
Movie Benefits
Flat 10% cashback on spends at partner merchants across categories such as movies.
Dining Benefits
Flat 10% cashback on spends at partner merchants across categories such as food delivery.
What matters, explained clearly
Introduction
The Tejas Credit Card, issued by AU Small Finance Bank, is positioned as a card designed to maximize savings and rewards. Its key differentiating benefits include a significant 10% cashback on popular spending categories, the opportunity to earn up to 5 Reward Points on AU Rewardz for every ₹100 spent, and valuable welcome benefits upon card activation.
Welcome Benefits
- Receive 2,000 Bonus Reward Points or a ₹500 Brand Voucher upon card activation.
- Earn 500 Bonus Reward Points by completing 5 transactions.
Fees
- Joining Fee: ₹500 + applicable taxes.
- Renewal Fee: ₹500 + applicable taxes (from the 2nd year onwards).
- Spend-Based Waiver: The annual card fee for the 2nd year onwards can be waived if retail spends of ₹1,50,000 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 ₹100 per statement cycle.
Rewards
- Cashback: Flat 10% cashback on spends at partner merchants across categories such as movies, grocery delivery, food delivery, cab booking, and bill payments.
- Reward Points: Earn up to 5 Reward Points per ₹100 spent.
- Bonus Reward Points: Earn 500 Bonus Reward Points by completing 5 transactions.
- Fuel Surcharge Waiver: Save 1% surcharge on fuel spends between ₹400 and ₹5,000 across India, with a maximum waiver of ₹100 per statement cycle.
- Add-on Cards: Lifetime-free add-on cards are available for loved ones.
Rewards Redemption Guide
- Redeem your accumulated Reward Points for a range of 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.
- These criteria are indicative, and AU Small Finance Bank reserves the right to approve or decline applications.
Important Product Details
- Positive Highlights:
- 10% cashback on popular categories like movies, grocery, food delivery, cabs, and bill payments.
- Earn up to 5 Reward Points per ₹100 spent.
- Welcome benefits including bonus reward points or a brand voucher.
- Bonus reward points for completing initial transactions.
- 1% fuel surcharge waiver (up to ₹100 per cycle).
- Lifetime-free add-on cards.
- Option to convert transactions of ₹500 and above (minimum total ₹2,000) into EMIs with Xpress EMI.
- Contactless payment facility for quick and secure transactions up to ₹5,000 without a PIN.
- Negative Highlights:
- An annual card membership fee of ₹500 + applicable taxes, though it can be waived based on annual spending.
Other Details
- Xpress EMI: Manage credit card bills by converting transactions of ₹500 and above, with a minimum total value of ₹2,000, into EMIs.
- Contactless Payments: Make quick, secure payments up to ₹5,000 without entering your PIN by tapping your card or mobile phone (with a digitally added card) on a POS machine.
- Add-on Cards: Offer credit card benefits to family members through lifetime-free add-on cards.
- AU Rewardz: A platform to redeem earned Reward Points for various benefits.
- Legal Disclaimers: Important Terms and Conditions and Card Member Agreement documents are available for review.
- AU Small Finance Bank Benefits:
- National presence with 1042 branches & ATMs.
- Quality services at competitive rates.
- Ample touchpoints for 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.
- Referral Program: Option to refer the account to friends and family.