AU Bank Business Cashback Rupay Credit Card

AU Small Finance Bank has recently introduced the Business Cashback RuPay credit card in collaboration with RuPay. Specifically designed to cater to the requirements of self-employed individuals and MSMEs (micro, small, and medium enterprises), this credit card comes with a monthly membership fee of Rs. 99. The card offers an array of benefits, including a 2% cashback, instant loans, and insurance coverage for fire, housebreaking, and burglary. These features make it an ideal solution for businesses.

While the AU Bank Business Cashback credit card is intended for business-related expenses rather than personal use, it doesn’t compromise on providing various travel, cashback, and lifestyle privileges. AU Bank’s objective is to streamline business processes and facilitate the necessary cash flow for their customers’ business growth. This card empowers MSMEs to manage recurring monthly expenses, urgent spending, and more without any hassle, all while earning valuable cashback. Overall, the credit card stands out as one of the top choices for self-employed individuals and small businesses.

Key Highlights of AU Bank Business Cashback Rupay Credit Card

  1. Earn 1% cashback when you repay the total amount due on your credit card bill.
  2. Access instant loans through your credit card.
  3. Enjoy a 1% fuel surcharge waiver, with a maximum benefit of Rs. 200 per month.
  4. Get up to a 30% discount at partner restaurants with the Silver Spoon Dining program.
  5. Receive 8 complimentary railway lounge accesses, with a maximum of 2 per quarter.
  6. Convert transactions of Rs. 2000 or above into easy EMIs.
  7. Benefit from business insurance, fire, burglary, and housebreaking insurance, card liability cover, and air accident cover.
  8. Qualify for a spend-based monthly card fee waiver.

Features and Benefits of AU Bank Business Cashback Rupay Credit Card

The AU Bank Business Cashback Rupay Credit Card offers several features and benefits:

1. Cashback Benefits: Earn 1% cashback on credit card bill repayment, capped at Rs. 1000 per statement cycle.

2. Instant Loan: Self-employed and small businesses can access instant loans after 90 days of credit card issuance.

3. Travel Benefits:

  • Enjoy 8 complimentary railway lounge accesses per year, twice per quarter.
  • Add-on cardholders also receive complimentary lounge access benefits.

4. Dining Benefits: Avail up to 30% off at 300+ partner restaurants across India through the Silver Spoon Dining program.

5. Fuel Surcharge Waiver: Receive a 1% fuel surcharge waiver on transactions between Rs. 400 to Rs. 5000, with a maximum benefit of Rs. 200 per statement cycle.

6. Insurance Benefits:

  • Business insurance coverage includes Cash in Counter cover (Rs. 25,000), Public Liability and Cash in Transit cover (Rs. 1.5 Lakhs each), Fire, Burglary, and Housebreaking insurance cover (Rs. 2 Lakhs each).
  • Air accident insurance cover of Rs. 50 Lakhs.
  • Travel-related insurance cover up to Rs. 50,000 for baggage loss, flight delay, baggage delay, plane hijack, loss of passport, and more.

7. XpressEMI and Contactless Payments:

  • Easily convert transactions above Rs. 2000 into EMIs.
  • Use contactless payments for transactions up to Rs. 5000 without entering the credit card PIN.

8. Card Fee Waiver: Spend Rs. 10,000 or above on retail during the card statement cycle to get the monthly card fee of Rs. 99 waived off.

AU Bank Business Cashback Rupay Credit Card Fees and Charges

Explore the fee structure for the AU Bank Business Cashback Rupay Credit Card and discover the financial advantages that come with it.

1. Annual Fee:

  • Monthly Fee: Rs. 99 plus taxes.
  • Waiver Option: Spending Rs. 10,000 or more in a statement cycle exempts the cardholder from the monthly fee.

2. Interest Rate:

  • Monthly Interest Rate: 3.59%.
  • Annual Interest Rate: 43.08%.

3. Cash Advance Fee: 2.5% of the withdrawn amount or a minimum of Rs. 100, whichever is higher.

4. Foreign Currency Markup: Markup Fee: 3.49% on all foreign transactions conducted by the cardholder.

Eligibility Criteria for AU Bank Business Cashback Rupay Credit Card

Here are essential criteria for applying for an AU Bank Business Cashback Rupay Credit Card:

1. Age Requirement:

  • The applicant should fall within the age range of 21 to 60 years.

2. Residency:

  • The applicant must be a resident of India.

3. Financial Criteria:

  • A stable income source is a prerequisite for the applicant.
  • Additionally, a decent credit score is required for eligibility.

Documents Required for AU Bank Business Cashback Rupay Credit Card

To apply for the AU Bank Business Cashback Rupay Credit Card, you will typically need to provide the following documents:

1. ID Proof:

  • Aadhar Card
  • PAN Card
  • Voters’ ID
  • Passport
  • Driving License

2. Address Proof:

  • Aadhar Card
  • Latest Utility Bills
  • Passport
  • Driving License

3. Income Proof:

  • Latest Salary Slip
  • Latest Audited Income Tax Return (ITR)

How To Apply for AU Bank Business Cashback Rupay Credit Card?

Follow these steps to apply for the AU Bank Business Cashback Rupay Credit Card:

  1. Access AU Bank’s official website or mobile app.
  2. Navigate to the ‘Cards’ section in the top menu using the cursor.
  3. Select ‘Credit Cards’ from the dropdown menu.
  4. Explore the Commercial Credit Cards and choose ‘Business Cashback Credit Card.’
  5. Review the card’s features, benefits, and additional information.
  6. Initiate the application process by clicking on ‘Apply Now.’
  7. Provide the required documents and proceed to submit your application.

Frequently Asked Questions (FAQs) –

1. How can I apply for the AU Bank Business Cashback Rupay Credit Card?

To apply for the card, visit the official AU Bank website or mobile app, navigate to the ‘Cards’ section, choose ‘Credit Cards,’ and select the ‘Business Cashback Credit Card.’ Click on ‘Apply Now’ to begin the application process.

2. What features does the AU Bank Business Cashback Rupay Credit Card offer?

The card comes with a range of features, including cashback rewards, business-oriented benefits, and potentially unique perks. Explore the details on the AU Bank website for a comprehensive list.

3. How does the cashback feature work on this credit card?

The cashback feature allows cardholders to earn a percentage of their transaction amounts back as cash rewards. Details regarding cashback rates, categories, and redemption options can be found in the card’s terms and conditions.

4. What fees and charges are associated with the AU Bank Business Cashback Rupay Credit Card?

Understand the annual fees, interest rates, and any other charges by reviewing the card’s terms and conditions on the AU Bank website or contacting their AU Bank credit card customer care number.

5. How can I check the status of my credit card application?

AU Bank typically provides an online portal or customer service hotline for applicants to track the status of their credit card applications.

6. What security measures are in place to protect my AU Bank Business Cashback Rupay Credit Card?

AU Bank employs various security features, including encryption and fraud detection, to safeguard cardholder information. Familiarize yourself with these measures through the bank’s security policy.

7. Can I manage my AU Bank Business Cashback Rupay Credit Card online?

Yes, AU Bank usually offers online account management tools through their website or mobile app, allowing cardholders to monitor transactions, pay bills, and access other account-related features.