AU Small Finance Bank Altura Credit Card
Card Details
Joining Fee:
Renewal Fee:
Card Type:
Reward Type:
Welcome Benefits:
Rewards & Benefits
Welcome Benefits
On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.
Milestone Benefits
annual fee reversal on spending inr 1,00,000 on the card.
Cashback Rate
cashback rate: 1. cashback rate: 1. cashback rate: 0.
Lounge Access
0
Movie Benefits
8
Dining Benefits
Other Benefits
reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.
Fees & Charges
Joining Fee
On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.
Annual Fee
annual fee reversal on spending inr 1,00,000 on the card.
Cash Advance Fee
cashback rate: 1. cashback rate: 1. cashback rate: 0.
Interest rate
0
Late Payment Fee
8
Foreign Currency Transactions Fee
Other Fees
reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.
Cons
No international or domestic lounge access is available.
Low cashback rate.
Cashbacks on shopping is capped at a very low threshold - INR 50.
No movie and dining rewards are available.
Welcome Benefit: Users will get 5% cashback on a minimum INR 2,500 retail spends done within the first 60 days of card setup. (Maximum cashback per statement cycle is INR 150).
Reward System: Users will get 1 reward point for every INR 100 spent. 1 reward point = INR 0.25. Cashback rate: 0.25%. 2 % cashback on all retail spends done at grocery stores, departmental stores and utility bill payments. (Maximum cashback per statement cycle is INR 50). 1% cashback on all other retail spends*. (Maximum cashback per statement cycle is INR 50).
Milestone Benefit: Customers get an additional cashback of INR 50 on completing a minimum of INR 10,000 retail spends in every statement cycle.
Other Benefits: 2 complimentary lounge access per calendar quarter, using VISA cards at railway stations.
Rewards & Benifits
Welcome Benefits
Users will get 5% cashback on a minimum INR 2,500 retail spends done within the first 60 days of card setup. (Maximum cashback per statement cycle is INR 150).
Rewards System
Users will get 1 reward point for every INR 100 spent. 1 reward point = INR 0.25. Cashback rate: 0.25%. 2 % cashback on all retail spends done at grocery stores, departmental stores and utility bill payments. (Maximum cashback per statement cycle is INR 50). 1% cashback on all other retail spends*. (Maximum cashback per statement cycle is INR 50).
International Forex Markup
3.49%
Welcome Benefits and Reward System
Special Features
A comprehensive card liability cover of up to ₹50,000, protecting you from unauthorized transactions.
Eligibility Criteria
Primary cardholder between the age of 21 years and 60 years.
Add-on cardholder should be over 18 years.
Resident Indian.
Benefits
Cashback rewards.
Complimentary access to railway lounges.
Zero liability protection against a lost card.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Here are the steps on how to apply for an AU Bank Altura Credit Card:
Go to the AU Bank website and click on the "Apply for Credit Card" tab.
Select the Altura Credit Card from the list of credit cards.
Enter your personal information, such as your name, address, and contact details.
Enter your employment information, such as your employer's name and your income.
Upload a copy of your PAN card and a recent passport-sized photograph.
Read and agree to the terms and conditions of the credit card.
Click on the "Submit" button.
An AU Bank representative will contact you to verify your information and to complete the application process.
Contact Details
Toll Free No: 1800 1200 1200
1800 26 66677
Email: customercare@aubank.in
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: Users will get 5% cashback on a minimum INR 2,500 retail spends done within the first 60 days of card setup. (Maximum cashback per statement cycle is INR 150).
Reward System: Users will get 1 reward point for every INR 100 spent. 1 reward point = INR 0.25. Cashback rate: 0.25%. 2 % cashback on all retail spends done at grocery stores, departmental stores and utility bill payments. (Maximum cashback per statement cycle is INR 50). 1% cashback on all other retail spends*. (Maximum cashback per statement cycle is INR 50).
Milestone Benefit: Customers get an additional cashback of INR 50 on completing a minimum of INR 10,000 retail spends in every statement cycle.
Other Benefits: 2 complimentary lounge access per calendar quarter, using VISA cards at railway stations.
No international or domestic lounge access is available.
Low cashback rate.
Cashbacks on shopping is capped at a very low threshold - INR 50.
No movie and dining rewards are available.
AU Small Finance Bank offers limited number of benefits. Most of the benefits are capped at a ridiculously low threshold level. The card has no USP. At present there are multiple cards offering much better benefits than Altura.
AU Small Finance Bank Altura Credit Card
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Annual/joining fee: Rs 199 +taxes. For 1st year fee waiver – Rs.10,000 retail spends done within 90 days of card set up. For 2nd year onwards fee waiver – Rs. 40,000 retail spends done in previous card anniversary year.
Cash Advance Charges: 2.5% of amount withdrawn, subject to a minimum of ₹ 100.
Fuel Surcharge: 1%, waived for fuel transactions done between INR 400 and INR 5,000, across all fuel stations in the country (Maximum cashback INR 100 per statement cycle).
Late Payment fees: Rs 0 to Rs 1100 for outstanding amount ranging from Rs 0 to Rs 50,000 + amount.
Interest Rate: 3.49% per month (41.88% annually)
Foreign Currency Mark up Fees: 3.49%
Reward Point Redemption Fee: INR 99.
Fuel Surcharge
Fuel Surcharge: 1%, waived for fuel transactions done between INR 400 and INR 5,000, across all fuel stations in the country (Maximum cashback INR 100 per statement cycle).
Billing Cycle
30 Days