AU Bank offering credit card: Terms and Conditions
AU Bank offers credit cards to its customers and has become one of the well-known card issuers across the world.
With an effect from 1 Apr 2023, AU Bank will bring some changes to the terms and conditions of the card. For credit cards that are issued after 1st April 2023, an updated annual percentage rate (APR) of 3.59% per month or 43.08% per year will be imposed.
Rental Processing Fee
No processing fee will be charged on 1st Rental payment. Cardholders need to pay a 1% processing fee from 2nd rental per month.
Gasoline Surcharge Waiver
AU Zenith credit card holders will get a 1% fuel surcharge waiver up to Rs.1000 in a single statement cycle.
Rate of Bonus Points on Special Merchant Categories
| Merchant Category | Money Spent | RPs for Xcite, Xcite Ultra, and Altura Plus credit cards | RPs for Vetta credit cards |
| Insurance | Rs.100 | 1 RPs | 1 RPs |
| Rent | Rs.100 | 1 RPs | 1 RPs |
| Utility & Telecom | Rs.100 | 1 RPs | 4 RPs |
| Government and Education | Rs.100 | 1 RPs | 1 RPs |