AU Card Devaluation

212°
Benevolent
Knight11

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

Below changes will be applicable on your AU Credit Card w.e.f 5

th July’23

1. Zenith Credit Card: Cardholders can earn maximum of 40,000 total Reward Points in

a statement cycle with a maximum of 20,000 Reward Points on each Merchant

category.

2. Reward Points Redemption Fees: A nominal fees of Rs. 99 + GST will be levied on

every successful redemption. These charges will be applicable for all AU Bank Credit

Card variants.

3. Redemption of Gift card’s/Vouchers/E-vouchers: Value of each Reward Points will be

INR 0.20 if redeemed against Gift card’s/Vouchers/E-vouchers. This will be applicable

for all AU Bank Credit Card variants. For all other categories of redemption value of

each Reward Points will remain unchanged.

For queries, please contact us at any of the touchpoints given below:

• Write to us on: [email protected] or [email protected] (for

Vetta & Zenith cardholders)

• Call Us on Toll free Number 1800 1200 1500

Warm Regards,

AU Credit Card

Expired
Top Comments
Benevolent Benevolent
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Redemption charges are worst thing for me. Another card which won't be used except for any offers.

Benevolent Benevolent
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avgn wrote:

What was earlier rate , 0.25 ?

Yes.

I usually redeem 4000 points as 1000 voucher. 

Now it will be 800 voucher and 118 redemption charges. So 1000 went down to 682. 

Base 1.25% reward rate went down to 0.85%.

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Benevolent Benevolent
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Redemption charges are worst thing for me. Another card which won't be used except for any offers.

Cool Cool
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It seems AU Bank wants to portray the reputation that our cards are as good as other banks' and followed the devaluation bandwagon.

Generous Generous
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Knight11 wrote:

Redemption charges are worst thing for me. Another card which won't be used except for any offers.

What was earlier rate , 0.25 ?

Benevolent Benevolent
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avgn wrote:

What was earlier rate , 0.25 ?

Yes.

I usually redeem 4000 points as 1000 voucher. 

Now it will be 800 voucher and 118 redemption charges. So 1000 went down to 682. 

Base 1.25% reward rate went down to 0.85%.

Finance Ninja Finance Ninja
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Nice more VU 👍🏼

Mera nazar ab tak AU card pe padha tak nahi hai. AU card ko mere list me last me rakha ha (Just kidding). 😬😜

Deal Cadet Deal Cadet
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abhishek012 wrote:

Nice more VU 👍🏼

Mera nazar ab tak AU card pe padha tak nahi hai. AU card ko mere list me last me rakha ha (Just kidding). 😬😜

Acha hua pehle hi devalue ho gaya . 
Agar tumhari  nazar padh jati to sayad AU walo ko dukan hi band karni padh jati tumhari tricks dekh ke smile
Generous Generous
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Vaise to AU LIT bhi koi khas nahi hai na. 16 features bolke aur 90 days ke 300 rs. le rahe ek ek feature ke

Deal Lieutenant Deal Lieutenant
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Thaare ko bola tha na... itthe acche din naa rahaga...

Deal Lieutenant Deal Lieutenant
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abhishek012 wrote:

Nice more VU 👍🏼

Mera nazar ab tak AU card pe padha tak nahi hai. AU card ko mere list me last me rakha ha (Just kidding). 😬😜

Nazar pade yah na pade... ya phir, padhkar shamshan bhi chale jay, fir bhi "karma pays one back, someday..."

Helpful Helpful
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Knight11 wrote:

Yes.

I usually redeem 4000 points as 1000 voucher. 

Now it will be 800 voucher and 118 redemption charges. So 1000 went down to 682. 

Base 1.25% reward rate went down to 0.85%.

0.85 is unacceptable period

Analyst Analyst
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Tabhi main sochu, pichchle 2-3 mahino se AU Bank waale dabaake Pre-Approved CC waale messages kyon bhejne lage mujhe.

Customer base badha ke devaluation karna tha inko... pensive pensive

Beacon Beacon
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ImG61x3xFB9D4GA6


Reward Redemption fee - 99+GST    

eVoucher redemption value - Value of each Reward Points will be INR 0.20 if redeemed against Gift card’s/Vouchers/E-vouchers

Well, I think it's time to close the card, at least for me. 

replyuser
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