AU Bank Altura Plus Credit Card: Exclusive Rewards and Benefits

AU Small Finance Bank is a government-based commercial small finance bank. Its headquarters are located in Jaipur, Rajasthan. This commercial bank is recognised for being the largest tech-driven bank in the nation. 

The AU Bank Altura Plus Credit Card is the premium version of the AU Bank Altura Plus credit card offered by the bank. With this credit card, you can get cashback offers and discounts on using the card for making transactions for both retail and online purchases. The card defines a sense of comfort and luxury to its cardholders.

The AU Bank Altura Plus Credit Card offers you a higher cashback offer than the classic credit card. It comes with a 2X cashback offer on purchasing products from online stores. You also get the opportunity to earn reward points for achieving milestones every month with the card. For more details about the institution behind the AU Bank Altura Plus Credit Card, you can visit the AU Small Finance Bank.

AU Bank Altura Plus Credit Card

• Joining Fee: The AU Bank Altura Plus credit card does not charge a joining fee when issuing the credit card to its customers.
• Renewal Fee: The bank charges Rs. 499 + applicable taxes as annual fees from its cardholders upon the usage of the card for a year.
• Best Suited For:  The AU Bank Altura Plus credit card is best suited for dining, shopping, and travel purposes.
• Reward Type: Along with cashback, you also earn reward points from the usage of this credit card.
• Welcome Benefits: The card does not offer any form of welcome benefit to its customers, but it comes with cashback and rewards.

AU Bank Altura Plus Credit Card Details

• The card offers reward points for its cardholders, which can be redeemed through AU Rewardz portal. The monetary value of each reward point is equal to INR 0.25.
• You can earn cashback of 1.5% on making payments for all sorts of POS retail spending. Moreover, the card allows you to earn one reward point on spending every INR 100 spent on various categories.
• The card comes with complimentary railway lounge benefits every 2 times in a year. However, the card does not offer any airport lounge facilities.
• If you successfully manage to spend on and above INR 20,000 within 3 months of the card issue, your first-year annual fee will be waived. For the second year, you have to spend INR 80,000 within the second year to waive off the second-year annual fee.
• Earn a 1% fuel surcharge waiver with this credit card for making transactions between INR 400 to INR 5,000 with fuel stations in India.
• In case of an unfortunate event of loss of a Credit Card, you need to report the case to the bank, and then you carry zero liability for fraudulent transactions made on your card by someone else.

Advantages and Disadvantages of AU Bank Altura Plus Credit Card

Advantages

• The credit card offers both reward points and cashback on the usage of the card for making transactions on various items within the country.
• You get protection on your card for fraudulent transactions made by someone else.
• This Altura Plus credit card comes with two reward points for spending every INR 100 on online stores for shopping. At offline stores or retail spends, you get 1.5% cash back using the card.
• Get 500 reward points every month on the usage of this Plus credit card.
• Every quarter you can experience a nice lounge experience with this credit card for selected railways within India. To know more about the railways, check the official website of the AU Bank credit card section.

Disadvantages

• Only railway lounge access is offered by the credit card each quarter. Individuals these days look for airport lounge access rather than for the railways. Therefore, this might change the minds of customers on issuing this credit card.
• There are no welcome benefits associated with the issue of this credit card.
• Reward points expire with time, which is the reason customers need to redeem them within a limited period.

AU Bank Altura Plus Credit Card Reward/Cashback Offer

AU Bank Alutura Plus credit card comes with both reward and cashback options to give a luxury experience to its customers. Here’s the cashback and rewards offer associated with the card:

• AU Bank Altura Plus credit card offers 1.5% cashback on using the credit card for making transactions for POS retail purchases. The transactions need to be made with merchant outlets associated with the bank.
• You can earn one reward point on spending INR 100 on retail stores after crossing the maximum limit on the cashback.
• You have a maximum cap of INR 100 for every statement on receiving cashback.
• There is no capping on receiving reward points.
•  There is no reward or cashback on the transaction made through the card for fuel.

Welcome, Benefits of the AU Bank Altura Plus Credit Card

The AU Small Finance Altura Plus credit card does not come with any sort of welcome benefits. However, the card comes with reward points and cashback options. You can earn as many reward points as you want with the card. However, it has a maximum cap of INR 100 for earning cashback.

Travel Benefits on AU Bank Altura Plus Credit Card

• AU Bank Altura Plus Credit Card offers you two free railway lounge accesses for its cardholders.
• You can experience unlimited buffet food in the railway lounge and experience a luxurious waiting time.
• The railway lounge access is offered to selected states of India such as Kolkata, Agra, Ahmedabad, New Delhi, Madurai, and Jaipur.
• This access is offered to both primary and add-on cardholders.

AU Bank Altura Plus Credit Card VS AU Bank Altura Credit Card

Reward Structure

• AU Bank Altura Plus Credit Card: AU Bank Altura Plus credit card offers you one reward point on spending every INR 100 on retail stores within India. Each reward point is equal to INR 0.25.
• AU Bank Altura Credit Card: AU Bank Altura credit card offers only cashback option for its cardholders. You can earn 5% cashback on retail spending with this card for offline shopping. 

Reward Rate With Partners

• AU Bank Altura Plus Credit Card: The card offers 1.5% cashback on making transactions with the card for spending on retail partner stores within India.
• AU Bank Altura Credit Card: There is no extra slot for earning cash back with this credit card for payments made with partnered merchants.

Joining Fees

1. AU Bank Altura Plus Credit Card: The joining amount of this credit card is NIL.
2. AU Bank Altura Credit Card: The joining amount of this credit card is NIL.

Cashback Max Cap

1. AU Bank Altura Plus Credit Card:  With this credit card, you can earn unlimited reward points. Moreover, there is a cap of maximum INR 100 on receiving cashback every statement.
2. AU Bank Altura Credit Card: The bank sets a limit of a maximum of 5% cashback on using the card.

Additional Benefits

1. AU Bank Altura Plus Credit Card: This Altura Plus credit card offers a fuel surcharge of 1% on spending INR 400 to 5,000 within Indian fuel stations. You also get two free railway lounge accesses with this card.
2. AU Bank Altura Credit Card: This classic Altura credit card offers two complimentary railway lounge accesses for its cardholders. You also get a 1% fuel surcharge waiver for spending 400 to 4,000 rupees on fuel. Moreover, zero liability for cardholders for losing their cards.

Why Choose the AU Bank Plus Altura Plus Credit Card?

• Welcome Benefits: Unluckily, the welcome benefit offerings of the AU Bank Altura Plus Credit Card have not been noticed to offer any welcome benefit as of the time of the card issuance. Nonetheless, with no joining fees that implies, getting the card is easy and cheap and the user can begin to utilize its benefits once the card is activated.
• Cashback Benefits: The AU Bank Altura Plus Credit Card means that every time you spend, you earn the privilege of receiving cashback. It is also good to know that cardholders receive the monetary value of each reward point as INR 0.25. This amount can be used to pay utility bills and insurance payments. For shop purchases, get 5% cash back for using the credit card on various transactions. However, the card attracts more customers and sales by also providing 2X cashback on online purchases among the gifts for those people who prefer online shopping. There is a maximum cap of receiving cash of INR 100 for each statement cycle.
• Fuel Benefits: Cardholders who transact at fuel stations get a 1% fuel surcharge waiver at all fuel stations in India. The fuel transactions do not come with any cashback offer. You need to spend INR 400 to 5,000 to receive this 1% surcharge. Moreover, there is a maximum cap of 150 per statement cycle while using the credit card for making fuel payments.
• Travel Benefits: The Plus credit card offers two complimentary railway lounge accesses to its cardholders. However, in terms of travel benefits, you do not get any airport lounge access. You can take the benefit of a railway lounge buffet with your Plus credit card. The travel benefit is accessible within some of the major cities of India, which are partnered merchants of the bank.
• Card Liability Protection: Under this card liability protection, you can get safety from the bank for your card loss. In case of losing the card, you can contact the branch and submit a missing report of the card. After submission of the missing report, the bank does not charge any liability from you liable for unauthorised transactions made through the card by fraud.
• Milestone Benefits: By achieving a monthly retail spending threshold of INR 20,000 or more, cardholders unlock an additional perk: The promotion gives customers 500 Bonus Reward Points on their first purchase. During the past couple of years, more and more credit card companies have started offering attractive rewards or cash back points for the regular spending made by their customers.
• XpressEMI Feature: XpressEMI in the Au Bank Altura Plus Credit Card allows the card members things like flexibility from transactions of INR 2000 and above to convert these transactions to easy EMIs. The credit card benefits of high-value purchases are much easier and stress-free with XpressEMI because cardholders can repay their bill over a preferred number of months.

Updated Terms & Conditions of AU Bank Altura Plus Credit Card

There are certain modifications made by the Bank in recent times concerning its terms and conditions. Here’s the list of changes:

• Starting from 27th May, 2024, all the cardholders, both add-on holders and primary cardholders, will have to pay INR 499 plus GST charges as joining fees for the issue of the Altura Plus Credit Card.
• Cash advance charge of INR 2.5% will be charged from 17th May from the cardholders of Altura Plus credit cards.
• Cardholders of Altura Plus credit card will receive a refund of 1% on fuel surcharge waiver for spending between 400 to 5,000 rupees.
• AU Bank Altura Plus Credit Card has revised the interest rate pegged for the following terms starting May 17, 2024. Cardholders will now experience an interest rate of 3.59% per month, equivalent to an annual rate of 43.08%.

Who Can Apply for an AU Bank Altura Plus Credit Card?

There are a few significant factors that AU Bank considers while offering a credit card to customers. Here’s the eligibility criteria for the card:

• Age Requirement: The candidates should be at least 21 years old and should not be more than 60 years old. This helps keep people at a productive and income-earning age, which is likely to enable them to repay the credit on time.
• Minimum Income Requirement: The bank should then have access to adequate customer information and credit data to extend cards to prospective cardholders who should have a monthly income of at least INR 15,000. This criterion assists in establishing that the applicants possess the financial ability to manage the credit card. What this criterion achieves is to check on the applicant’s financial history and capability to meet the obligations and repayments related to the credit card products.
• Nationality: The availability of the AU Bank Altura Plus Credit Card is only for resident Indians to meet the credit needs of the citizens of India.
• Add-On Cardholder Requirement: For the users who wish to include additional card users, the minimum age of a supplementary card user has to be above 18 years Old. This enables primary cardholders to share the privilege and the flexibility of the credit card with family members or trusted figures.

Documentation Required for AU Bank Altura Plus Credit Card Approval

• Proof of Identity: The identification documents that are taken by applicants include Aadhar card, passport or driving license.
• Proof of Address: Applicants need to provide documents that support their address for identification, such as utility bills, rental agreements or voter ID cards.
• Proof of Income: Identification documents include Identification documents that the holder of the credit card provides including salary slips, income tax returns, or bank statements as proof of the applicant’s financial status to repay the credit card.
• Photograph: In many situations, a recent passport-sized photograph of the applicant is needed for identification. This photograph helps prevent credit card fraud as the card is being issued to the right owner. It also helps in the facilitation of an easy application process by ensuring that the applicant’s identity is seen and authenticated.

Application Process for AU Bank Altura Plus Credit Card

• Log in to AU 0101 App: To use the AU 0101 application, login with your account information and go to the account panel.
• Check for Pre-Approved Offers: You can check the pre-approved Credit Card offers in the ‘Offers’ tab by using the app/card to see the available offers within the latter that best fit the eligibility criteria. This helps to make the application process easier and more readily offered by presenting the user with options suited to their needs.
• Navigate to Credit Card Section: If you do not receive pre-approved offers, move to the main app menu instead. Visit the Credit Card division of the particular bank and then opt for ‘Apply Now’ to know the offered choices.
• Provide Contact Information: Candidates, as a part of the online application process, please submit your mobile number and the Permanent Account Number (PAN).
• Select Customer ID: You will be presented with the Customer ID options – select any one of these and move to the next step.
• Verify Aadhaar Number: In case you wish to verify your Aadhaar Number, please do it to go further in the application form.
• Enter Personal and Employment Details: The appropriate residential and contact address, person, and employment statistics must be completed as accurately as possible.
• Choose Your Preferred Credit Card: Choose the right Credit Card for you, depending on your requirements, and choose the best Credit Card from the offered options.
• Upload KYC Documents: As per the requirements, please attach the latest and valid address proof of ‘self & spouse/ partner’ if required for your application.
• Submit Application: It is recommended that the student should check all entered details before he or she submits the application. The Steps on how the AU Small Finance Altura Credit Plus Card application works begin after the submission of the application.

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