AU Bank Altura Credit Card Features, Charges And Eligibility Criteria

AU Bank Altura Credit Card Features, Charges And Eligibility Criteria
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Introduction :

Credit cards are essential to contemporary financial planning because they give people the convenience and flexibility they want. Entering this market, the AU Bank Altura Credit Card promises to not only meet but surpass expectations.For those looking for a reliable and feature-rich credit option, the AU Bank Altura Credit Card is a standout option. We explore the complexities of this financial instrument, revealing its special benefits and features.

Features :

  1. Cash Back Features
    • All retail purchases made at grocery stores, department stores, and utility bill payment locations earn 2% cashback. (There is a 50 rupee maximum cashback per statement cycle.)
    • On all other retail purchases, get 1% cashback*. (There is a 50 rupee maximum cashback per statement cycle.)
    • Note: Transactions involving fuel, rent, wallets, and cash are not eligible for cashback.
  2. Contactless payments
    • For transactions up to INR 5000, use your AU Credit Card to make simple, safe, and rapid payments at participating merchants by simply tapping the card. No credit card PIN is required.
  3. Fastest EMI Process
    • Transform your transactions totaling INR 2,000 or more into convenient EMI plans with a chosen tenure. To schedule your XpressEMI, simply give our Customer Care helpline a call.
  4. Add On Cards
    • With our Add-on card offering, you can share the benefits of your Altura Credit Card with your loved ones. What’s more? Forever, your add-on card is free! So, feel free to utilize it.

Charges :

  • Joining Fees – 199/-
  • Cash Advance Charges  – Cash Advance Charges 2.5% of amount withdrawn,  (subject to minimum of Rs.100 )
  • Fuel Transaction Surcharge – Maximum of ₹ 100 per statement month.
  • Interest Charges (Excluding GST) – 3.59% per month (43.08% annually)
  • Late Payment Charges –
    • Less than or equal to Rs.100 – Nil
    • Above Rs. 100 and up to Rs.500 – Rs.100
    • Above Rs.500 and up to Rs.5,000 – Rs.500
    • Above Rs.5,000 and up to Rs.10,000 – Rs.700
    • Above Rs.10,000 and up to Rs.20,000 – Rs.800
    • Above Rs.20,000 and up to Rs.50,000  – Rs.900
    • Above Rs.50,000  – Rs.1,100
  • Over Limit Charges – 2.5% of over limit amount, subject to a minimum of Rs.500
  • Minimum Amount Due  – 5% of the total amount due including full EMIs and previous month outstanding or minimum Rs.100, whichever is higher.
  • Outstation Cheque Processing Charges – Rs.25
  • Foreign Currency Transaction/Dynamic & Static Conversion Transactions/Cross Currency Markup Charges – 3.49%
  • Reward Point Redemption – A nominal fee of Rs. 99 + GST will be levied on each successful redemption.
  • Duplicated Physical Statement Request Charges – Rs.100

Eligibility Criteria :

  • Primary cardholder must be a resident Indian and be between the ages of 21 and 60.
  • Add-on cardholders must be older than 18.

Benefits :

  1. Milestone Benefit
    • Get an extra 50 rupees in cashback when you spend at least 10,000 rupees in retail each statement cycle.
  2. Railway Lounge
    • Two free lounge visits per calendar quarter are provided at railway stations when a VISA card is used. Click here to view the terms and conditions and a list of lounges
    • Add-on cardholders are eligible to take advantage of these Railway lounge perks during the specified number of complimentary visits.
  3. Fuel Surcharge Waiver: 
    • All fuel stations in the nation will waive the 1% fuel surcharge on fuel transactions between INR 400 and INR 5,000 (up to INR 100 per statement cycle).
  4. Card Insurance Coverage:
    • If your credit card is lost, you are not liable for any fraudulent transactions made with it after notifying the bank of the loss.
    • You are also shielded from online fraud and card counterfeiting/skimming.

How To Apply :

Apply through our website APPLYNOW

Documents Required : 

1. Identity Proof : Valid government-issued ID card.

2. Address Proof : Utility bills or any document verifying the applicant’s address.

3. Income Proof : Salary slips, income tax returns, or other documents validating financial capacity.

Conclusion :

The Altura Credit Card from AU Bank stands out as a strong competitor. It is a great option for people looking for a credit solution that goes above and beyond due to its innovative technology, flexible credit limits, and rewarding features.Financial strategy creation is a thoughtful process, and the AU Bank Altura Credit Card is certainly worthy of recognition. Allow this card to be your financial empowerment ally as you navigate the ever-changing world of credit options.

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