AU Vetta Credit Card – Benefits, Fees & Eligibility

AU Vetta Credit Card

Introduction

The AU Vetta Credit Card is a premium lifestyle credit card from AU Bank, offering a range of privileges including accelerated reward points, 24x7 global concierge services, and complimentary airport and railway lounge access. It is positioned as a mid-level lifestyle credit card with a membership fee of ₹2,999 per annum, which can be waived based on spending milestones. Cardholders can enjoy diverse lifestyle benefits and a competitive reward rate, especially on grocery and departmental store spends, alongside comprehensive insurance coverage and other value-added features.

Fees

• Joining Fee: ₹2,999 + applicable taxes (GST).
• Renewal Fee: ₹2,999 + applicable taxes (GST).
• Spend-Based Waiver:
  • First-year fee waiver: Achieved with retail spends of ₹40,000 within 90 days of card setup.
  • Second year onwards fee waiver: Achieved with retail spends of ₹1,50,000 in the previous card anniversary year.
• Rewards Redemption Fee: ₹99 + GST.
• Foreign Currency Markup: 2.99% of the transaction amount.
• Interest Rates:
  • 3.75% Per Month (45% Per Annum) on revolving credit.
  • Note: An alternate source mentions 2.99% per month (35.88% annually) in an FAQ.
• Fuel Surcharge: 1% fuel surcharge waiver for transactions between ₹400 and ₹5,000, across all fuel stations in India. The maximum waiver is capped at ₹250 per statement cycle (or per month).
• Cash Advance Charges: 2.5% of the withdrawn amount or ₹500, whichever is higher.
• Add-on Card: Free for lifetime.

Rewards

• Accelerated Credit Card Rewards Program:
  • 4 Reward Points per ₹100 on retail spends at Grocery & Departmental stores.
  • 2 Reward Points per ₹100 on retail spends across all other merchant categories.
  • 1 Reward Point per ₹100 on retail spends in Insurance and Utility & Telecom categories.
  • A maximum of 100 Reward Points will be earned per transaction on Utility & Telecom spends.
  • Exclusions: Cash, Rent, Education & Government, EMI, Fuel, BBPS, and Quasi Cash transactions are not eligible for Reward Points.
• Milestone Benefits:
  • Quarterly Milestone Benefits:
    • 500 Bonus Reward Points on retail spends of ₹50,000 per calendar quarter.
    • An additional 1,000 Bonus Reward Points on reaching ₹1 lakh retail spends per calendar quarter.
    • Cardholders can earn up to 1,500 Bonus Reward Points in every calendar quarter with ₹1 lakh retail spends.
    • Note: Fuel transactions and cash withdrawals are excluded from Bonus Reward Points spend calculation.
  • Yearly Milestone Benefits:
    • ₹1,000 worth vouchers on minimum ₹2.50 lakh retail spends done in a card anniversary year. Vouchers can be chosen from a bouquet of top brands.
• Birthday Benefits:
  • Earn 1,000 Bonus Reward Points on completing one retail transaction on your birthday.
• Complimentary Lounge Access:
  • Airport Lounges (Domestic):
    • 1 complimentary lounge access per calendar quarter within India using your AU Credit Card.
    • Access is based on a minimum spend of ₹20,000 in a calendar quarter.
  • Airport Lounges (International):
    • 1 complimentary lounge access per calendar quarter using Priority Pass at all participating lounges.
    • Priority Pass will be issued on customer request for Vetta Credit Cards issued starting June 1, 2024. Requests can be placed by calling 1800 12000 1500 or emailing creditcard.priority@aubank.in.
    • Usage of Priority Pass within India is chargeable.
  • Railway Lounges:
    • 2 complimentary lounge access per calendar quarter using AU Credit Card at railway stations.
    • This benefit is available at select railway stations including New Delhi, Kolkata (Sealdah), Jaipur, Ahmedabad, Agra, and Madurai.
  • Add-on Cardholders: Add-on cardholders can also enjoy the mentioned complimentary airport and railway lounge benefits.
• Dedicated Concierge Services:
  • Customize travel, entertainment, and leisure experiences with Global Concierge Assistance. Services include booking travel, arranging golf sessions, or planning anniversary dinners.
  • Available 24x7 by calling 1800 210 0298 (toll-free) or 022-42320298.
• Fuel Surcharge Waiver:
  • 1% fuel surcharge waiver for fuel transactions done between ₹400 and ₹5,000, across all fuel stations in the country (Maximum ₹250 per statement cycle).
• Comprehensive Protection Cover:
  • Air Accident Cover: ₹50 Lakhs.
  • Card Liability Cover: Zero liability on fraudulent transactions made after reporting the loss to the bank. Protection against Card Counterfeit/Skimming and Online frauds.
  • Credit Shield: Up to ₹5 Lakhs. Note: An alternate source mentions ₹2 Lakhs.
  • Purchase Protection: Up to ₹25,000.
  • Other Travel related covers: In the event of baggage loss, baggage delay, delay in flight, loss of passport, and plane hijack.
  • To claim any of the mentioned insurance benefits, call Customer Care at 1800 1200 1500.
• Contactless Card Usage:
  • Make quick, secure, and easy payments by tapping the card at participating merchants without entering a Credit Card PIN for amounts up to ₹5000.
• XpressEMI:
  • Convert transactions of ₹500 and above (with a minimum total value of ₹2,000) into EMI. Up to 20 billed or unbilled transactions can be clubbed together for conversion.
  • Conversion channels include AU 0101 App, Net-Banking, Auro Chat-bot, WhatsApp Banking (8383838399), On Call (1800 1200 1500), and IVR.
• Add-on Cards:
  • Offer Vetta Credit Card benefits to loved ones; Add-on cards are free for lifetime.
• Curated Offers:
  • Visa Offer:
    • MakeMyTrip: Avail 2 Complimentary domestic flight seats booking (max value up to ₹350) and Flat 15% off on select domestic hotels as MyCash.
    • Complimentary Annual Times Prime Membership: Gives access to 20+ subscriptions & 40+ discount-led offers.
    • Alaya Stays (4-star villas at Indian destinations, 200+ villas): Stay for 3, Pay for 2 and 50% savings on the 2nd night.
  • RuPay Offer: Enjoy offers available on your Vetta RuPay Credit Card.

Rewards Redemption Guide

• Reward Points earned on the AU Vetta Credit Card can be redeemed through the AU Rewardz portal.
• Redemption Options: E-vouchers of top brands, Merchandise, Mobile/DTH recharges, Flight/Hotel bookings, and much more.
• Reward Point Value: 1 Reward Point = ₹0.25 for redemption.
• Redemption Fee: A fee of ₹99 + GST applies for reward redemption.

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.
• Documents Required: Identity proof, address proof, and a proof of income (such as a salary slip or audited ITR acknowledgment) are typically required for application.
• Note: These criteria are indicative; AU Small Finance Bank reserves the right to approve or decline applications.

Card Review

The AU Vetta Credit Card stands out as a strong mid-range offering, especially given its attractive reward rates, with an effective 2.5% reward rate on utility bill payments and a solid 1% on grocery and departmental store spends. Beyond the earning potential, the card is enriched with valuable perks such as complimentary domestic and international airport lounge access, railway lounge access, and a dedicated 24x7 concierge service. Furthermore, it provides comprehensive insurance coverage, including air accident, card liability, credit shield, purchase protection, and various travel-related covers. The card also offers a lifetime free add-on card and flexible EMI conversion options. While the card comes with an annual fee, this can be easily waived by meeting reasonable spending milestones. Its array of benefits makes it a compelling choice for individuals looking for a well-rounded lifestyle credit card with strong rewards on everyday spending and premium travel advantages.

Important Product Details

• Accelerated Rewards: Earn 4 Reward Points per ₹100 on grocery and departmental store spends, 2 Reward Points on other retail spends, and 1 Reward Point on insurance, utility, and telecom.
• Milestone Benefits: Quarterly bonus Reward Points (up to 1,500 RPs on ₹1 lakh spend) and annual vouchers worth ₹1,000 on ₹2.5 lakh spend.
• Birthday Benefit: 1,000 Bonus Reward Points for one retail transaction on your birthday.
• Complimentary Lounge Access: Includes 1 domestic airport lounge access per quarter (with ₹20,000 quarterly spend), 1 international airport lounge access per quarter (via Priority Pass on request), and 2 railway lounge accesses per quarter.
• Dedicated Concierge: 24x7 Global Concierge services for travel, entertainment, and leisure.
• Comprehensive Insurance: Covers air accidents (₹50 Lakhs), card liability, credit shield (₹5 Lakhs/₹2 Lakhs), purchase protection (₹25,000), and various travel-related incidents.
• Fee Waivers: Annual fee waiver available on spending ₹40,000 in the first 90 days and ₹1.5 lakh in subsequent anniversary years.
• Contactless Payments: Facilitates quick and secure transactions up to ₹5,000.
• XpressEMI: Convert transactions of ₹500+ (total ₹2,000+) into EMIs.
• Add-on Cards: Offered free for lifetime.
• Curated Offers: Special deals on travel (MakeMyTrip), lifestyle (Times Prime Membership), and stays (Alaya Stays) via Visa, and additional RuPay offers.
• Rewards Redemption Fee: A redemption fee of ₹99 + GST applies.
• Foreign Currency Markup: 2.99% on international transactions.
• High Interest Rates: Interest rates for revolving credit are 3.75% per month (45% per annum), with an alternate mention of 2.99% per month (35.88% per annum).
• Reward Point Exclusions: No Reward Points on fuel, cash, rent, education, government, EMI, BBPS, and quasi-cash transactions.

Other Details

• Priority Customer Service: For priority assistance, queries can be mailed to creditcard.priority@aubank.in.
• Application Process: Apply by visiting the bank's website; required documents include identity proof, address proof, and income proof (e.g., salary slip or audited ITR acknowledgment).