CheQ AU Credit Card – Benefits, Fees & Eligibility

Introduction

The CheQ AU Credit Card, issued by AU Small Finance Bank, is positioned as a premium offering, notable as India's first LED-enabled credit card. It differentiates itself with a unique visual feature where the card glows green upon tap, and offers substantial rewards, including up to 12% on favorite brands, 2.5% on CheQ UPI transactions, and a complimentary EazyDiner membership.

Welcome Benefits

• Complimentary EazyDiner membership worth ₹695 for 3 months.
• The one-time issuance charge of ₹999 for the LED Credit Card is waived until May 31. Standard Visa and RuPay credit cards are always free.

Fees

• Joining Fee: ₹499 for Visa PVC and Visa LED Credit Cards. The RuPay Credit Card is Lifetime Free.
• Annual Fee: ₹499 for Visa PVC and Visa LED Credit Cards.
• Spend-Based Waiver: The annual fee is waived if you spend ₹3 lakh within the card membership year.
• LED Card Experience Charge: A one-time charge of ₹999 applies for the LED variant, which is currently waived until May 31 for CheQ customers.
• Fuel Surcharge Waiver: 1% fuel surcharge waiver up to ₹150 on fuel spends.

Rewards

• Accelerated Rewards:
  • Earn 12% Rewards on your favorite brands across categories like Online Shopping, Travel, Food Delivery, and Online Grocery, applicable on over 10,000 brands/apps. This includes spends on Flights & Hotels and Utility Bills.
  • Earn 5% Rewards on all other shopping spends across 10,000+ apps.
  • A cap of up to 12,000 CheQ points per month applies to accelerated categories.
• Base Rewards:
  • Earn 2.5% Rewards (equivalent to 5 CheQ Points per ₹200) on CheQ UPI transactions.
  • Earn 1% Rewards on all other spends everywhere else.
  • There is no monthly or annual cap on base reward points.
• Special Features:
  • India’s First LED Card: The card glows green every time you tap, offering a bold innovation in everyday payments.
  • CheQ Travel: Enjoy exclusive access to book flights and hotels at potentially zero cost, with a Lowest Fare Guaranteed feature.
• Reward Exclusions: Rewards are not applicable on certain transactions, including fuel, education, gold purchases, gambling, insurance payments, utility payments made outside the CheQ app, rent-related spends, transactions below ₹200, EMI transactions, and UPI transactions made outside the CheQ app.

Rewards Redemption Guide

• Redemption Options:
  • CheQ Travel: Redeem points for flights and hotels at a value of 2 CheQ Points = ₹1.
  • Top Brand Gift Cards: Redeem points for gift cards from popular brands like Swiggy, Myntra, and Nykaa at a value of 2 CheQ Points = ₹1.
  • Bills on CheQ: Pay lesser for monthly credit card and utility bills by redeeming points at a value of 4 CheQ Points = ₹1.
• Point Validity: Earned reward points are valid for 2 years from the date they are credited into your CheQ account.
• Point Crediting: Reward points are typically credited within 2-3 working days after the transaction is completed and settled.
• Checking Balance: You can easily check your total reward points balance, track earnings over time, see rewards earned against each transaction, and monitor rewards for both your Visa and RuPay cards directly in the CheQ app.

Card Eligibility Criteria

• Primary Cardholder:
  • Age: Over 21 years (Salaried: 21 to 60 years; Self Employed: 25 to 65 years).
  • Monthly Income: ₹25,000 or more (for both salaried and self-employed individuals).
  • Credit Score: 750 or above.
  • Residency: Must be a Resident Indian and reside in an AU Bank serviceable area.
• Add-on Cardholder:
  • Age: Should be over 18 years.
• Note: These criteria are indicative, and AU Small Finance Bank reserves the right to approve or decline applications for the Credit Card.

Card Review

The CheQ AU Credit Card is positioned as a premium and innovative offering, designed to reward users significantly across various spending categories. It stands out as India’s first LED card, providing a unique interactive element to everyday transactions.

• Pros:
  • Innovative Design: The LED feature makes it a distinctive and memorable card.
  • High Reward Rates: Offers industry-leading reward rates of up to 12% on favorite brands and 5% on other shopping spends, making it superior to many cards in the market for specific categories.
  • Comprehensive Coverage: Rewards extend across dining, e-commerce, quick commerce, travel, and general shopping.
  • Dual Card Benefit: Customers receive both an LED-powered VISA card and a RuPay card with a single application, offering flexibility in payment networks.
  • Exclusive Travel Benefits: Access to CheQ Travel allows booking flights and hotels at potentially zero cost, backed by a Lowest Fare Guaranteed feature.
  • Quick Application Process: A 5-minute mobile application provides instant credit limit visibility, with virtual card issuance immediately upon approval.
• Cons:
  • Annual Fee: An annual fee of ₹499 applies, though it is waivable based on annual spending.
  • LED Card Charge: A one-time charge for the LED version, though currently waived for a limited period.
  • Reward Caps: Accelerated reward points are capped monthly, which might limit high spenders in specific categories.
  • Reward Exclusions: Several transaction types are excluded from earning rewards.

Overall, this card is ideal for individuals who frequently spend across online shopping, travel, food delivery, and utility bills, and appreciate innovative card features. Its high reward rates and unique LED design make it a compelling choice for those seeking a premium credit experience.

Important Product Details

• India’s First LED Credit Card, which glows green every time you tap.
• Earn up to 12% Rewards on your favorite brands and 2.5% Rewards on CheQ UPI transactions.
• Complimentary EazyDiner Membership for 3 months.
• Annual fee of ₹499, which is waived on annual spends of ₹3 lakh.
• A one-time charge of ₹999 for the LED card experience, currently waived until May 31.
• Customers receive two cards with a single application: one LED-powered Visa and one RuPay variant.
• The RuPay Credit Card is Lifetime Free.
• Accelerated rewards are capped at 12,000 CheQ points per month, while base rewards have no monthly or annual cap.
• Reward points are valid for 2 years from the date of credit.
• Includes a 1% Fuel Surcharge Waiver up to ₹150.
• Applications for the card open on April 28, 2026.
• A virtual card is issued immediately upon approval, allowing users to start earning rewards before the physical card arrives.

Other Details

• Application Process: Applications for the CheQ AU Credit Card start on April 28, 2026, and can be made through the CheQ app. The mobile application process is quick, providing instant credit limit visibility, with final bank approval typically within 48 hours.
• Contactless Payments: The card supports quick and secure contactless payments up to ₹5,000 without requiring a PIN.
• Card Closure: To permanently close your credit card, you must contact AU Small Finance Bank customer support. It is mandatory to clear all outstanding dues, and both the Visa and RuPay cards must be closed together, as partial closure is not supported.
• Customer Support: 24x7 customer support is available for assistance.
• Quick Links: Users can access quick links to manage their card, go to the CheQ App, report fraud, and submit service requests.
• AU Small Finance Bank and CheQ operate under a revenue-sharing agreement as co-branded partners.