AU Traverse Credit Card – Benefits, Fees & Eligibility

Introduction

The AU Traverse Credit Card, issued by AU Small Finance Bank, is positioned as a premium lifestyle and travel card crafted exclusively for Non-Resident Indians (NRIs). It stands out with its low forex markup, international lounge access, milestone rewards, and travel perks such as Meet & Assist and airport spa visits, offering global convenience and unmatched rewards tailored to the needs of a global lifestyle.

Welcome Benefits

• Get a MakeMyTrip voucher worth ₹5,000 upon card activation within 30 days of issuance.

Fees

• Joining Fee: ₹4,999 + applicable taxes (GST).
• Annual Membership Fee: ₹4,999 + applicable taxes (GST).
• Renewal Fee: ₹4,999 + GST.
• Spend-Based Waiver: The annual fee is waived upon completing ₹6,00,000 (₹6 Lac) in spends in a card anniversary year.
• Rewards Redemption Fee: ₹99 + GST.
• Foreign Currency Markup: 0.99% fee on international expenses.
• Interest Rates: 3.75% per Month (45% per Annum).
• Fuel Surcharge Waiver: Enjoy a 1% Fuel Surcharge Waiver (up to ₹250) for transactions between ₹400 and ₹5,000 at all fuel stations across the country, per statement cycle.
• Cash Advance Charges: Nil (Zero cash withdrawal fee).

Rewards

• Rewards Rate:
  • 4 Reward Points per ₹100 (~1%) spent on international transactions.
  • 2 Reward Points per ₹100 (~0.5%) spent on domestic transactions.
  • 1 Reward Point per ₹100 (~0.25%) spent on insurance, utility, and telecom payments, capped at 100 Reward Points per transaction.
  • Accelerated rewards on international & domestic spends and other payments.
• Milestone Benefits:
  • Receive a Taj Voucher worth ₹10,000 upon achieving annual spending of ₹10,00,000 in your card’s anniversary year, which represents an additional 1% reward rate on milestone achievement.
  • Earn big rewards with every swipe through milestone spends.
• Travel Benefits:
  • Complimentary Airport Lounge Access:
    • 8 complimentary domestic lounge visits per year, limited to 2 per quarter (powered by DreamFolks).
    • 8 complimentary international lounge visits per year, limited to 2 per quarter (powered by Priority Pass).
    • To qualify for free domestic airport lounge access in a quarter, cardholders must spend at least ₹20,000 in that single calendar quarter. Eligibility is enabled within two days of meeting the criteria.
    • For domestic and international airport lounge visits within India with Priority Pass, a $35+tax fee will apply.
    • A Priority Pass usage charge of $35+taxes will be applied once the complimentary international lounge visits are exceeded.
  • Complimentary Airport Meet & Assist: Benefit from 4 complimentary Meet & Assist services per year (1 per quarter), including VIP assistance with check-in, security, and airport formalities for a smooth travel experience.
  • Complimentary Airport Spa Access: De-stress with 4 complimentary airport spa visits per year (up to 1 a quarter).
  • Duty-Free Shopping Cashback: Earn a flat ₹500 cashback every month on duty-free purchases of ₹10,000 or more.

Rewards Redemption Guide

• Reward Points can be redeemed at the AU Rewardz Portal.
• Each Reward Point is valued at approximately ₹0.25.
• A minimum of 200 Reward Points is required to initiate a redemption.
• Cardholders can make up to 10 redemption transactions per day.
• The total redemption value is capped at ₹3,00,000 per 24 hours.
• A maximum of 25,000 Reward Points can be earned per statement cycle. Once this cap is reached, no additional reward points will be accrued until the next cycle.

Card Eligibility Criteria

• Applicant must be a Non-Resident Indian.
• Applicant must have an NRE banking account with AU Small Finance Bank.
• Applicant must have an NRE FD account with AU Small Finance Bank.
• The age of the primary cardholder must be between 18 and 75 years.

Card Review

The AU Bank Traverse Credit Card is a premium lifestyle and travel card specifically designed for Non-Resident Indians (NRIs), bringing much-needed diversity to this market segment. It offers a compelling combination of a low 0.99% forex markup, complimentary domestic and international lounge access, and a significant ₹10,000 Taj Hotels milestone voucher, making it an attractive option for frequent global travelers.

• Who should apply: This card is ideal for NRIs who frequently travel internationally, have significant global spending, and seek premium travel privileges combined with luxury lifestyle benefits.
• Pros:
  • Low foreign currency markup of 0.99%.
  • Complimentary domestic and international airport lounge access.
  • No cash advance charges.
  • Complimentary airport Meet & Assist services.
  • Complimentary airport spa access.
  • Valuable Taj Hotels milestone voucher.
• Cons:
  • Domestic lounge access requires a quarterly spend of ₹20,000.
  • The base reward rate is moderate compared to some other premium cards.
  • Does not offer specific golf or insurance coverage benefits (though insurance spends earn reward points).
  • Certain spend conditions apply for lounge eligibility.

Important Product Details

• A premium lifestyle and travel credit card, exclusively designed for Non-Resident Indians (NRIs).
• Best suited for international spends, frequent travel, and luxury lifestyle benefits.
• Features a low foreign exchange markup of 0.99%.
• Provides complimentary domestic and international airport lounge access.
• Offers a milestone Taj voucher worth ₹10,000 on annual spends of ₹10,00,000.
• Includes airport spa and Meet & Assist services.
• Zero cash withdrawal fee.
• 1% Fuel Surcharge Waiver (up to ₹250) for transactions between ₹400 and ₹5,000.
• Annual fee waiver on spending ₹6,00,000 in a card anniversary year.
• Welcome benefit includes a MakeMyTrip voucher worth ₹5,000.
• Earns 4 Reward Points per ₹100 on International Spends, 2 Reward Points per ₹100 on Domestic Spends, and 1 Reward Point per ₹100 on Insurance, Utility & Telecom Spends.
• Maximum of 25,000 Reward Points can be earned per statement cycle.
• Interest rate is 3.75% per month (45% per annum).
• Rewards redemption fee is ₹99 + GST.

Other Details

• How to Apply: To apply for the card, visit your nearest AU Small Finance Bank branch.
• Customer Support:
  • Dedicated helpline for NRI customers: 0141-7141100.
  • Email for NRI services: NRIservices@aubank.in.
  • General 24-hour call center number: 1800 1200 1500.
• Things to consider before applying:
  • Understand your needs: Review your frequency of travel to India and your international & domestic spend patterns.
  • Foreign exchange considerations: Benefit from the low forex mark-up for international transactions, but monitor daily exchange rates for high-value spends.
  • Overseas payment convenience: Ensure you have easy ways to manage card payments from your country of residence and make timely settlements to avoid extra charges.
• AU Small Finance Bank has a national presence with a network of 2,700+ touchpoints.
• The bank offers quality services at competitive rates.
• Customers can manage and track all transactions on the AU 0101 App, which allows viewing balances, downloading statements, and requesting cheque books.