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AU Bank Credit Cards Devaluation News WEF 1st April 2024

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AU Bank sending email notifications to their credit card holders informing upcoming devaluation updates.

1. Discontinuation of Reward Points/Cashback: AU Credit Cardholders will not earn Reward
Point/Cashback on the below mentioned spends categories & on BBPS transactions starting 1st
April’2024. Please refer to the table below for spends categories and respective Merchant Category Codes. There will be no revision for Zenith+ Credit Card, ixigo AU Credit Card, Aditya Birla Finance AU Pro/Flex/Nxt/Biz Credit Cardholders & they will continue to earn Reward Points on the below mentioned spend categories as per current feature construct.

2. Reward Points on Telecom/Utility spends: AU Credit Cardholders will earn 1 Reward Point per Rs. 100 on Utility & telecom spends. Reward Points will be capped to transaction amount of Rs. 10,000 & Cardholders can earn a maximum of 100 Reward Points per transaction. Please refer to the table below for Merchant Category Codes. There will be no revision for Zenith+ Credit Card, ixigo AU Credit Card, Aditya Birla Finance AU Pro/Flex/Nxt/Biz Credit Cardholders & they will continue to earn Reward Points on the below mentioned spend categories as per current feature construct.
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Revision of AU Zenith Credit Card feature/benefits:
Below mentioned changes will be applicable starting from 1st April’2024 for all AU Zenith Credit Cardholders.
a. Zenith Cardholders can avail 8 complimentary Domestic Airport Lounge access (within India)
using his/her Visa Credit card (maximum of 2 complimentary visits per calendar quarter).

b. Cardholders will earn 1 Reward Point per Rs. 100 on Insurance spends. Insurance Merchant
Category Codes/MCCs are (5960, 6300).

c. Cardholders will earn a maximum of 5,000 Reward Points on Dining spends per statement
cycle. Dining Merchant category codes/MCCs are (5811, 5812, 5813, 5814).

d. Cardholders will earn a maximum of 25,000 Reward Points in a statement cycle.
 

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