CheQ Credit Cards
CheQ - India's First LED Credit Card & Smart Rewards
CheQ is a fintech platform that simplifies credit card management through AI-powered insights, bill payments, and reward optimization. The CheQ AU Credit Card, co-branded with AU Small Finance Bank, is India's first LED-enabled credit card, offering up to 12% rewards on top brands and 2.5% on UPI spends.
CheQ is a Bengaluru-based fintech platform revolutionizing credit card management in India. Founded in 2022, CheQ combines AI-powered financial insights with a co-branded credit card to help users maximize rewards, automate payments, and build better credit habits. The CheQ AU Credit Card, issued in partnership with AU Small Finance Bank, is their flagship product and stands out as India's first LED-enabled credit card.
Portfolio Highlights
CheQ AU Credit Card: Available as a dual-network card (Visa and RuPay), the standard variant is lifetime free. Users can optionally pay a one-time fee of ₹999 + GST to get the unique LED variant that lights up green during tap-to-pay transactions.
Rewards Structure (CheQ Points):
- 12% Rewards (24 Points per ₹200): On Amazon, Flipkart, Zomato, BigBasket, Apple products, CheQ Travel (flights & hotels), and utility bills paid via the CheQ App.
- 5% Rewards (10 Points per ₹200): On other online shopping, travel, food delivery, and online grocery apps.
- 2.5% Rewards (5 Points per ₹200): On CheQ UPI transactions (using the RuPay variant).
- 1% Rewards (2 Points per ₹200): On all other eligible spends.
- (Note: The 12% and 5% categories have a combined earning cap of 12,000 points per statement cycle).
Key Benefits:
- Fuel Surcharge Waiver: 1% waiver up to ₹150 per month.
- Redemption Ratio: 2 Points = ₹1 for Travel & Gift Cards; 4 Points = ₹1 for Bill Payments.
- Lounge Access: This card does not feature airport lounge access.
AI-Powered Features
Smart Reward Engine: CheQ's AI continuously analyzes your spending across categories and recommends optimal redemption strategies—whether converting points to flights/hotels, top brand vouchers, or bill payments—to maximize value per point.
Automated Bill Management: The CheQ app consolidates all your credit cards and automates bill payments with smart scheduling to avoid late fees and optimize credit utilization ratios.
CheQ Wisor: India's first AI-based credit card expert, offering personalized guidance on card usage, deeper clarity on spends, and smart ways to maximize card benefits.
Digital-First Experience
The entire CheQ experience is app-native:
- Instant onboarding: Video KYC and digital document verification.
- Virtual card: Instant virtual card issuance for immediate online use.
- Unified dashboard: View all your credit cards, due dates, and rewards in one place.
- UPI Integration: Seamless UPI payments through the RuPay credit card variant directly within the app.
Eligibility for CheQ AU Credit Card
General Criteria
- Age: 21-60 years for salaried individuals; 25-65 years for self-employed.
- Income: ₹25,000 per month (₹3 lakh p.a.) minimum.
- Credit Score: 750+ required.
- Employment: Salaried or self-employed residing in an AU Bank serviceable area.
Application Process
Apply directly through the CheQ app or website. The digital application includes an instant eligibility check, digital eKYC or video KYC, and income verification via netbanking or salary slips. Physical card delivery takes 7-10 business days upon approval.
Key Documents
- PAN card
- Valid Government ID / Passport (address proof)
- Last 3 months' salary slips or bank statements
- ITR for self-employed applicants
