Hello TFCian,
If you compare Indian credit cards to those of developed countries such as the USA, you will find that Indian credit cards are quite competitive. Our credit card industry is growing rapidly. However, one area where we are lagging behind is business credit cards. We have only a few business credit cards in India, and I don't know why Indian banks are not focusing on them.
Thanks to AU Small Finance Bank, despite being a small finance bank and facing tough competition from market leaders like HDFC, Axis, SBI Card, and ICICI, they are introducing revolutionary products. First, they launched AU LIT, a fully customizable credit card. Then, they introduced the AU SwipeUp portal, and now they are entering the business credit card section. AU Small Finance Bank has recently launched the Business Cashback Credit Card, which is available in two variants - the RuPay Business Cashback Credit Card and the Visa Business Cashback Credit Card.
Lets talk about it's benefits and features -
A. 1% cashback on the Repayment of Total Amount Due
Maximum capping- Rs. 1000 per statement cycle.
Wallet reloads/spends, Rent payment, Cash withdrawal and Fuel spends will not be considered.
So, If you spend 1L, and repay the bill, you'll get maximum cashback.
B. 8 complimentary lounge access per annum (maximum 2 per calendar quarter)
Add-on cardholders can also enjoy these Railway lounge benefits within the mentioned complimentary number of visits.
C. Business Insurance Coverage:
Cash in Counter: INR 25,000
Cash in Transit & Public Liability: INR 1.5 Lacs each
Fire Insurance, Burglary & Housebreaking: INR 2 Lacs each
Insurance Documents - https://www.aubank.in/au-business-cashback-cc-faq-au-business-cashback-cc-faq.pdf
D. 1% fuel surcharge waiver for transactions done between INR 400 to INR 5,000 across all fuel stations in the country.
Maximum Rs. 200 per statement cycle.
Fees:
This card comes with monthly membership fees, Rs. 99 + GST
Reversal Criteria: Spend Rs. 10,000 within statement cycle.
Eligibility Criteria:
Resident Indian
Primary cardholder between the age of 21 years and 60 years.
If you compare Indian credit cards to those of developed countries such as the USA, you will find that Indian credit cards are quite competitive. Our credit card industry is growing rapidly. However, one area where we are lagging behind is business credit cards. We have only a few business credit cards in India, and I don't know why Indian banks are not focusing on them.
Thanks to AU Small Finance Bank, despite being a small finance bank and facing tough competition from market leaders like HDFC, Axis, SBI Card, and ICICI, they are introducing revolutionary products. First, they launched AU LIT, a fully customizable credit card. Then, they introduced the AU SwipeUp portal, and now they are entering the business credit card section. AU Small Finance Bank has recently launched the Business Cashback Credit Card, which is available in two variants - the RuPay Business Cashback Credit Card and the Visa Business Cashback Credit Card.
Lets talk about it's benefits and features -
A. 1% cashback on the Repayment of Total Amount Due
Maximum capping- Rs. 1000 per statement cycle.
Wallet reloads/spends, Rent payment, Cash withdrawal and Fuel spends will not be considered.
So, If you spend 1L, and repay the bill, you'll get maximum cashback.
B. 8 complimentary lounge access per annum (maximum 2 per calendar quarter)
Add-on cardholders can also enjoy these Railway lounge benefits within the mentioned complimentary number of visits.
C. Business Insurance Coverage:
Cash in Counter: INR 25,000
Cash in Transit & Public Liability: INR 1.5 Lacs each
Fire Insurance, Burglary & Housebreaking: INR 2 Lacs each
Insurance Documents - https://www.aubank.in/au-business-cashback-cc-faq-au-business-cashback-cc-faq.pdf
D. 1% fuel surcharge waiver for transactions done between INR 400 to INR 5,000 across all fuel stations in the country.
Maximum Rs. 200 per statement cycle.
Fees:
This card comes with monthly membership fees, Rs. 99 + GST
Reversal Criteria: Spend Rs. 10,000 within statement cycle.
Eligibility Criteria:
Resident Indian
Primary cardholder between the age of 21 years and 60 years.
