AU Small Finance Bank Credit Card Devaluation

[TechnoFinoTechnoFino is verified member.]

Hello AU SFB users,
Devaluation alert 🚨
Effective from 1st April, 2023:
You'll be charged 1% processing fees from 2nd rent payment transaction in a calendar month.
No fees will be charged on the 1st rent transaction in a month.

New Reward Structure For Special Categories-
AU Vetta users will earn-
Rent, Education, Government, Insurance - 1 RP/Rs. 100
Utility & Telecom- 4 RP/ Rs. 100

Xcite/Xcite Ultra/Altura Plus-
Rent, Education, Government, Insurance, Utility & Telecom - 1 RP/Rs. 100

 

[luciferlucifer is verified member.]

no change in AU LIT rewards earning?

 

[Dhm66]

Is there Anyone from this community noticed any changes in accrued Rps while doing transactions on abovementioned categories?

 

[doomlord]

Welcome to the devaluation party, AU

 

[cc_user]

no change in AU LIT rewards earning?

Hello @TechnoFino Sir,

I do not see any mention of AU LIT here. Would you help me with below queries?
I have LIT card and Can I use it for rental payments(once per month) with out any charges?
Can I enable 5% cashback offer on LIT and take the benefit of rental spends to get the cashback?
What will be reward ratio for such transactions?

 

[girish]

Hello @TechnoFino Sir,

I do not see any mention of AU LIT here. Would you help me with below queries?
I have LIT card and Can I use it for rental payments(once per month) with out any charges?
Can I enable 5% cashback offer on LIT and take the benefit of rental spends to get the cashback?
What will be reward ratio for such transactions?

no cashback on rental payments
clearly specified

 

[helloworld]

Further devaluation (for all cards):

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 ina 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.

More:

https://m.aubk.in/UErSEMImzXw

With this -

Zenith for Gift card’s/Vouchers/E-vouchers:

4% - Dining at Standalone restaurants
2% - Grocery & Departmental
1% - Other spends

 

[luckymurari]

AU is devaluing is reward points and also introducing redemption charges starting July. Please redeem your points as soon as you can 😅

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.