AU Small Finance Bank offers RuPay Credit Cards for several segments. The features and benefits offered on the cards might differ. However, the underlying mechanics of how a RuPay Credit Card works are very similar across the banks’ different RuPay credit cards.
AU Small Finance Bank’s RuPay credit card stands out for its low maintenance and minimal joining/annual fees compared to other cards. The affordable fee structure makes this an accessible card option for many individuals. Here we will provide a complete guide to understand how AU Small Finance Bank’s RuPay credit card works.
Getting the basics right
For getting the basics right, here are some key points for you to consider:
- Credit Limit: Credit limit is the amount of credit that the bank extends to the cardholder. The amount varies depending on the segment of the card.
- Interest-free period: This is the grace period provided to the bank’s cardholders. It is usually about 50 days.
- RuPay Network: The RuPay network is a domestic card payment network in India. It offers pan-India merchant coverage. It is one of the safest card networks.
Key functionalities
Key areas of functionalities of AU Small Finance Bank’s Rupay Credit cards are:
- UPI Integration: Almost all the AU Small Finance Bank RuPay credit cards offer inbuilt Unified Payments Interface integration. You can easily make secure payments using AU Bank’s Rupay credit card UPI services.
- Rewards and Cashback: You can easily earn reward points and cashback on your spending. Reward points can be easily redeemed for several benefits.
- Contactless Payment: Most of the AU Small Finance Bank RuPay Credit Cards facilitate contactless transactions. Embrace easy and quick checkouts with AU Small Finance Bank.
- Additional Perks: Certain cards may offer additional benefits such as waiver of fuel surcharges, purchase protection, and travel insurance.
How AU Credit Card transactions work
- Purchase: When you make a purchase with your AU Small Finance Bank’s RuPay credit card, the amount is temporarily deducted from your available credit balance.
- Billing Cycle: It refers to a monthly statement created by the bank that summarises all transactions you do over a fixed period.
- Payment Due Date: You must pay a minimum amount or the entire outstanding amount by the due date.
- Interest Charges: AU Small Finance Bank offers an interest-free period for its RuPay credit card holders. However, interest is charged on the unpaid balance if it is not closed within the interest-free period.
Security functions
Security considerations are paramount for AU Small Finance Bank. The bank has strong safety measures in place to protect your information. Key security functions included in the cards include:
- Chip Technology: AU Small Finance Bank offers chip-embedded cards that enhance your security during financial transactions.
- Data Encryption: Your data is encrypted to help prevent unauthorised access.
- Fraud Monitoring: The bank has sophisticated fraud detection arrangements in place to identify suspicious activities.
Please note that the basic security features are available across all the card categories. Importantly, additional security features are available in some card segments. You should analyse the security features before selecting the right AU Small Finance Bank RuPay Credit Card.
AU Small Finance Bank InstaPay Credit Card
InstaPay Credit Card is a niche product offered by AU Small Finance Bank. It has specifically been designed for UPI transactions. Let’s go deep inside the functionalities of this card:
- Linking your Credit Card: You can link your AU Small Finance Bank InstaPay Credit Card to your favourite UPI app, such as AU 0101.
- Making Payments: You can easily prioritise scanning QR codes and making direct payments from your available credit card balance directly using the UPI application.
- Rewards: You can get benefits and cashback for your UPI transactions like you do on any other credit card purchase.
Key Features
The InstaPay Credit Card by AU Small Finance Bank has been specifically designed for UPI transactions. Key features of the InstaPay credit card include:
1. UPI and QR Payments:
You can easily undertake UPI and QR code-based payments directly from your credit card. There are no further requirements to maintain separate UPI accounts.
2. Cashback Feature:
You can easily earn 1% cashback on all your UPI transactions. Please note that you earn a maximum of INR 100 per billing cycle.
3. Lifetime Free Card:
Enjoy the benefits of the AU InstaPay Credit Card at no extra cost. Experience unmatched convenience without paying an annual fee.
4. Interest-Free Breather:
You enjoy an interest-free period of up to 48 days with the AU InstaPay Credit Card.
AU Small Finance Bank’s SPONT RuPay Credit Card
AU Small Finance Bank has launched the SPONT RuPay Credit Card for young individuals.
Key Functionalities: The SPONT RuPay credit card resembles other AU Small Finance Bank credit cards only to an extent. These cards run on the RuPay network and have a limit on purchases. The key part is that these cards come with unending cashbacks. You could also earn coins that never expire. All you have to do is make regular repayments based on your billing cycle. The key differentiator is that this product is focused on the young generation and emphasises digital payments and rewards.
Key Features:
- Never Ending Cashbacks:
- Get 1% cashback on all your UPI transactions.
- You can also get 1% cashback on POS and e-commerce purchases.
- Earn Coins on UPI Transactions:
- Easily earn 500 coins on your first UPI transaction made on the AU0101 app.
- You can earn 5 coins on every UPI transaction earned on the AU0101 app.
Conclusion
By offering feature-rich RuPay credit cards tailored for diverse customer groups, AU Small Finance Bank empowers account holders with seamless digital payment convenience, an attractive rewards program, and robust security protection. Identify your unique payment requirements and select the ideal AU Small Finance RuPay card for your lifestyle.
FAQs
- How can I apply for an AU Small Finance Bank RuPay Credit Card?
You can easily apply for a credit card online on the official website of AU Small Finance Bank. You can also apply through the bank’s branch.
- What are the eligibility criteria for an AU Small Finance Bank RuPay Credit Card?
Although the eligibility criteria may vary from card to card, you are usually required to meet age, nationality, and minimum income criteria.
- What key functionalities are offered in AU Small Finance Bank’s RuPay credit cards?
Key functionalities that the users get include UPI integration, contactless payments, and reward points.
- How can I make payments for the AU Small Finance Bank RuPay Credit Card?
You can make payments through the mobile application of AU Small Finance Bank, net banking, or by visiting the bank’s branch.
- What should I do if my AU Small Finance Bank RuPay Credit Card is lost/stolen?
You should contact AU Small Finance Bank’s customer care immediately to block your card to prevent unauthenticated transactions. You must also file a police complaint.