Revision of AU Small Finance Bank Credit Cards Usage Terms & Conditions
Below changes will be applicable on your AU Credit Card with effect from 1st April’24
1.
Revision of Annualized Percentage Rate (APR):
• APR of 3.59% per month (43.08% per annum) will be applicable on Vetta, Zenith, Xcite Ace and
Xcite Ultra Credit Card starting 1st April’2024.
2.
Revision of Late Payment Charges (LPC): Below mentioned Late Payment Charges will be applicable
starting 1st April’2024 on all AU Credit Cards.
Credit Card Outstanding Amount
Less Than or equal to Rs.100
Late Payment Charges (LPC)
(with effect from 1st Apr’24)
NIL
Above Rs. 100 and up to Rs. 500
100
Above Rs.500 and up to Rs.5000
600
Above Rs.5000 and up to Rs.10000
700
Above Rs.10000 and up to Rs.20000
800
Above Rs.20000 and up to Rs.50000
1100
Above Rs.50000
1300
3.
Revision of Payment Return Charges: AU Credit Cardholders will be charged 2% of Total Amount Due
or Minimum of Rs. 500 whichever is higher on return/failure of Credit Card outstanding payment using
any of these mode of payments ‘Cheque, ECS/NACH, Autopay’.
4.
Revision of Cash Withdrawal Charges: On withdrawing cash using AU Credit Card, cardholders will be
charged 2.5% of the Cash withdrawal amount or Rs. 500, whichever is higher. Zenith+ Credit
Cardholders will not be charged Cash Withdrawal Charges.
5.
Xpress Loan Processing Fees: AU Credit Cardholders will be charged 2% processing fees of Loan
Amount.
6.
Discontinuation of Reward Points/Cashback: AU Credit Cardholders will not earn Reward
Point/Cashback on the below mentioned spends categories & on BBPS transactions starting 1st
April’2024. Please refer to the table below for spends categories and respective Merchant Category
Codes. There will be no revision for Zenith+ Credit Card, ixigo AU Credit Card, Aditya Birla Finance AU
Pro/Flex/Nxt/Biz Credit Cardholders & they will continue to earn Reward Points on the below
mentioned spend categories as per current feature construct.
Merchant Categories
Rent
Education & Government
Merchant Category Code
6513
8211, 8220, 8241, 8244, 8249, 8299, 9211, 9222, 9223, 9311,
9399, 9402, 9405, 9950
1st March 2024
7.
Reward Points on Telecom/Utility spends: AU Credit Cardholders will earn 1 Reward Point per Rs. 100
on Utility & telecom spends. Reward Points will be capped to transaction amount of Rs. 10,000 &
Cardholders can earn a maximum of 100 Reward Points per transaction. Please refer to the table below
for Merchant Category Codes. There will be no revision for Zenith+ Credit Card, ixigo AU Credit Card,
Aditya Birla Finance AU Pro/Flex/Nxt/Biz Credit Cardholders & they will continue to earn Reward Points
on the below mentioned spend categories as per current feature construct.
Merchant Categories
Utility & Telecom
Merchant Category Code
4812,4814,4899 & 4900
Illustration: Cardholder will earn 1 RP per Rs. 100 spent & for a transaction amount of Rs. 5,000 he/she
will earn 50 RPs. If transaction amount is Rs. 10,000 or above, cardholder will earn a maximum of 100
RPs per transaction.
8.
Revision of AU Zenith Credit Card feature/benefits: Below mentioned changes will be applicable
starting from 1st April’2024 for all AU Zenith Credit Cardholders.
a.
Zenith Cardholders can avail 8 complimentary Domestic Airport Lounge access (within India)
using his/her Visa Credit card (maximum of 2 complimentary visits per calendar quarter).
b. Cardholders will earn 1 Reward Point per Rs. 100 on Insurance spends. Insurance Merchant
Category Codes/MCCs are (5960, 6300).
c. Cardholders will earn a maximum of 5,000 Reward Points on Dining spends per statement
cycle. Dining Merchant category codes/MCCs are (5811, 5812, 5813, 5814).
d. Cardholders will earn a maximum of 25,000 Reward Points in a statement cycle.
Please note: Merchant categories (MCC codes) are decided/provided by VISA/Rupay network provider.
For queries,
•
Write to us on: creditcard.support@aubank.in or creditcard.priority@aubank.in
•
Call us on toll free number 1800 1200 1500
Warm regards,
AU Small Finance Bank
1st March 2024