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AU Credit Card Terms Update April 2023

AU Small Finance Bank is revising the terms and conditions of their credit card programs effective April 1st, 2023, including increasing the APR to 43.08% annually, allowing customers to utilize up to 100% of their credit limit for rent transactions subject to limits of 50% or 30% per transaction based on the card type, and establishing new reward point structures and fees for instant EMI transactions, fuel surcharge waivers, and certain merchant categories.

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Sagar Gupta
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578 views2 pages

AU Credit Card Terms Update April 2023

AU Small Finance Bank is revising the terms and conditions of their credit card programs effective April 1st, 2023, including increasing the APR to 43.08% annually, allowing customers to utilize up to 100% of their credit limit for rent transactions subject to limits of 50% or 30% per transaction based on the card type, and establishing new reward point structures and fees for instant EMI transactions, fuel surcharge waivers, and certain merchant categories.

Uploaded by

Sagar Gupta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Revision of AU Small Finance Bank Credit Cards Usage Terms & Conditions

Below changes will be applicable on your AU Credit Card w.e.f 1st April’23

1. Annualized Percentage Rate: APR of 3.59% per month (43.08% per annum) will be applicable
on AU Altura, AU LIT, Altura Plus and AU Xcite Credit Card statement generated after 1st
April’23

2. Rent:
• 1% processing fees will be applicable from 2nd rental transaction onwards in a calendar
month. On 1st rental transaction, processing fee will not be charged.

• Customer can now use 100% of their credit limit on rent category subjected to a
condition that:

i. Up to 50% of credit limit can be utilized per rent transaction for AU Altura,
AU Altura Plus, AU LIT & AU Xcite Credit Card.

ii. Up to 30% of credit limit can be utilized per rent transaction for AU Vetta,
AU Zenith, AU Xcite Ace, AU Business Cashback & AU Xcite Ultra Credit Card.

3. Instant EMI: AU Credit Cardholders will be levied Rs.199 + GST as Processing Fees on EMI
transactions done at any Point-of-Sale unit or through Payment Gateway.

4. AU Zenith Credit Cardholder can avail a maximum of Rs. 1,000/- as Fuel Surcharge Waiver in
a statement cycle.

5. Reward Point earn rate on special categories: Following Reward Points structure will be
applicable on below mentioned categories.

Reward Points earned per Rs. 100 spend


Merchant Xcite/ Xcite
Merchant Category Code Vetta
Categories Ultra/ Altura Plus
Rent 6513 1 RPs 1 RPs
Utility & Telecom 4812, 4814, 4899, 4900 4 RPs 1 RPs
Education & 8211, 8220, 8241, 8244, 8249, 8299, 9211, 9222,
1 RPs 1 RPs
Government 9223, 9311, 9399, 9402, 9405, 9950
Insurance 5960 & 6300 1 RPs 1 RPs
6. AU Altura Credit Card: Rent (MCC 6513) & Wallet (MCC 6540) transactions will not be eligible
for product feature Cashback.

Please note: For above mentioned merchant categories, MCC codes are decided/provided by VISA or
network provider.

For queries,

• Write to us on: [Link]@[Link] or [Link]@[Link] (for Vetta,


Xcite Ultra & Zenith cardholders)

• Call us on toll free number 1800 1200 1500

Warm regards,

AU Small Finance Bank

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