AU Vetta Credit Card – Benefits, Fees & Eligibility

Introduction

The AU Vetta Credit Card is a mid-level lifestyle credit card offered by AU Bank. It is designed to provide a reasonable reward rate across various spending categories, with accelerated rewards on grocery and departmental store purchases. Key differentiating benefits include complimentary domestic and international airport lounge access, railway lounge access, a dedicated concierge service, and comprehensive insurance coverage.

Fees

• Joining Fee: ₹2,999 + GST
• Annual Fee: ₹2,999 + GST
• Spend-Based Waiver:
  • The joining fee is waived off on an expenditure of ₹40,000 within 90 days of card setup.
  • The annual renewal fee (from the second year onwards) is waived off on an expenditure of ₹1.5 lakh in the preceding year.
• Rewards Redemption Fee: ₹99 + GST
• Foreign Currency Markup: 2.99% of the transaction amount.
• Interest Rates: 2.99% per month (35.88% per annum) on revolving credit.
• Fuel Surcharge Waiver: 1% fuel surcharge waiver at all filling stations across India for transactions between ₹400 and ₹5,000. The maximum waiver is capped at ₹250 per month.
• Cash Advance Charges: 2.5% of the withdrawn amount or ₹500, whichever is higher.

Rewards

• Reward Rate:
  • 4 Reward Points per ₹100 spent on groceries and departmental store spends.
  • 2 Reward Points per ₹100 on all other eligible retail spends.
  • 1 Reward Point per ₹100 on utility bill payments.
  • No Reward Points are earned on fuel, cash, rent, education, and government spending.
• Milestone Benefits:
  • 500 Bonus Reward Points on spending a minimum of ₹50,000 in a calendar quarter.
  • An additional 1,000 Reward Points on achieving a quarterly expenditure milestone of ₹1 lakh.
  • Vouchers worth ₹1,000 from top brands on a minimum expenditure of ₹2.5 lakh in an anniversary year.
• Birthday Benefit: 1,000 Bonus Reward Points on completing one retail transaction on your birthday.
• Travel Benefits:
  • Reward Points earned can be redeemed against hotel/flight bookings on the AU Rewardz portal.
  • One complimentary domestic airport lounge access per quarter under the Visa domestic lounge program, unlocked on spends of ₹20,000 in a calendar quarter.
  • Complimentary Priority Pass membership with one complimentary international airport lounge access per quarter. Priority Pass shall only be issued by request to customer support.
  • Two complimentary IRCTC lounge access per quarter at New Delhi, Kolkata (Sealdah), Jaipur, Ahmedabad, Agra, and Madurai railway stations.
  • Complimentary lounge visits (both airport and railway) are applicable for primary as well as add-on cardholders.
• Insurance Benefits: Comprehensive insurance cover includes:
  • Air Accident cover: ₹50 lakhs
  • Credit Shield cover: ₹2 lakhs
  • Purchase Protection: ₹25,000
  • Other travel-related insurance covers against baggage loss, baggage delay, delay in flight, loss of passport, and plane hijack.
• Dedicated Concierge Services: 24×7 global concierge service for assistance regarding flight/hotel bookings, dining, and golf sessions.

Rewards Redemption Guide

• Reward Points earned on the AU Vetta Credit Card are redeemable on the AU Rewardz portal.
• Redemption options include e-vouchers from top brands, merchandise, mobile/DTH recharges, and flight/hotel bookings.
• The monetary value of 1 Reward Point is ₹0.25.
• A Rewards Redemption Fee of ₹99 + GST is applicable.

Card Eligibility Criteria

• To apply, visit the card's page on the bank’s website and select the "Apply Now" option.
• Documents required include identity proof, address proof, and proof of income (such as a salary slip or audited ITR acknowledgment).

Card Review

The AU Vetta Credit Card is considered an excellent offering in the mid-range segment by AU Bank. It provides a high reward rate of 1% on grocery and departmental store spends and 2.5% on utility bill payments (calculated as 1 RP per ₹100, with 1 RP = ₹0.25, making it 0.25% on utility bills, and 4 RPs per ₹100 on groceries, making it 1% on groceries). Beyond Reward Points, the card offers valuable benefits such as complimentary lounge visits, comprehensive insurance covers, and dedicated concierge service. While it competes with cards like HDFC Regalia Gold and SBI Credit Card PRIME, AU Bank may need to enhance its reward rates and benefits further to attract new customers in the competitive credit card market.

Important Product Details

• Earn 4 Reward Points per ₹100 on grocery and departmental store spends.
• Earn 2 Reward Points per ₹100 on all other retail spends.
• Earn 1 Reward Point per ₹100 on utility bill payments.
• Receive 500 Bonus Reward Points on retail spends of ₹50,000 in a calendar quarter, with an additional 1,000 Reward Points on achieving a quarterly spend milestone of ₹1 lakh.
• Get vouchers worth ₹1,000 from top brands on spending a minimum of ₹2.5 lakh in an anniversary year.
• Receive 1,000 Bonus Reward Points on completing one retail transaction on your birthday.
• Enjoy complimentary domestic and international airport lounge access (1 per quarter each, with conditions).
• Benefit from complimentary IRCTC lounge access at select railway stations (2 per quarter).
• Access 24×7 dedicated concierge service for travel, dining, and golf sessions-related assistance.
• Receive a 1% fuel surcharge waiver at all fuel stations across India (capped at ₹250 per month).
• Benefit from comprehensive insurance protection, including Credit Shield cover, lost card liability protection, air accident insurance, purchase protection, and various travel-related insurance covers.
• The joining and annual fees are ₹2,999 + GST, with spend-based waiver conditions.
• The foreign currency markup fee is 2.99%.
• The interest rate on revolving credit is 2.99% per month (35.88% per annum).

Other Details

• To claim any insurance benefits, contact AU Bank customer care at 1800 1200 1500.
• For concierge assistance, dial 1800 210 0298 (toll-free) or 022-42320298.