AU Bank Corporate Credit Card

AU Small Finance Bank has introduced the AU Corporate Credit Card to provide customised solutions to corporations based on their needs. The AU Corporate Credit Card enables corporates to effectively manage claim reimbursement processes, and centralised billing, and have better visibility into their spending.

The AU Corporate Card expense management solution helps corporations impose limits, monitor issuance and billing, and more. Employees can avail a plethora of benefits such as simplified cost management and claim processing, complimentary airport lounge visits, free insurance coverage, fuel surcharge waivers, etc.

Features and Benefits of AU Bank Corporate Credit Card

The features and benefits of the AU Corporate Credit Card are listed below:

  1. Lifetime Free: The AU Corporate Credit Card is free to corporates for life.
  2. Complimentary Lounge Access: Get complimentary airport lounge visits twice every quarter.
  3. Free Insurance Coverage: Avail an air accidental cover of up to Rs.50 lakh. If you lose your credit card, you will not be liable for any fraudulent transactions done with the card after you report the loss to the bank. You are also secured against online fraud and card skimming or counterfeiting. You can avail insurance up to Rs.50,000 in case of a flight delay, baggage loss or delay, flight hijack, or passport loss.
  4. Fuel Surcharge Waiver: Enjoy a fuel surcharge waiver of 1% at any fuel station in India on fuel purchases ranging from Rs.400 to Rs.5,000. The maximum waiver is capped at Rs.200 per statement cycle.
  5. Web-Based Expense Management Solution: The AU Corporate Credit Card includes a programme that automates reconciliation, monitoring, and spending management.

Fees and Charges for AU Bank Corporate Credit Card

The fees and charges associated with the AU Corporate Credit Card are listed in the table below:

Type of Charge

Fee

Annual Fee

  1. Rs.999 (for Business Cashback Credit Card)
  2. Nil (for all Corporate Credit Card, Purchase Credit Card, and Business Credit Card)

Interest Charges

  1. Corporate, Corporate Reward - 3.49% per month (41.88% annually)
  2. Purchase, Purchase Reward - 3.49% per month (41.88% annually)
  3. Business Reward, Secured Business - 3.49% per month (41.88% annually)
  4. Secured Corporate - 1.99% per month (23.88% annually)
  5. Secured Purchase - 1.99% per month (23.88% annually)
  6. Business Cashback - 1.99% per month (23.88% annually)

Overlimit Penalty

2.5% of the overlimit amount, subject to a minimum of Rs.500

Charge Slip Retrieval/Copy Request Fee

Rs.100

Cash Advance Transaction Fee

  1. Up to 2.5% of the withdrawal amount or Rs.500 (whichever is more) per transaction for domestic transactions
  2. Up to 3% of the withdrawal amount or Rs.500 (whichever is more) per transaction for international transactions

Late Payment Charges

  1. Nil: For outstanding balance of up to Rs.100
  2. Rs.100: For outstanding balance of Rs.101 to Rs.500
  3. Rs.500: For outstanding balance of Rs.501 to Rs.5,000
  4. Rs.700: For outstanding balance of Rs.5,001 to Rs.10,000
  5. Rs.800: For outstanding balance of Rs.10,001 to Rs.20,000
  6. Rs.900: For outstanding balance of Rs.20,001 to Rs.50,000
  7. Rs.1,100: For outstanding balance above Rs.50,000

Dishonour Fee/Cheque Returns

Rs.500

Reward Redemption Fee

Nil

Foreign Currency Mark-up Fee

  1. 2.99% per month (Corporate Credit Card)
  2. 3.49% per month (Purchase Credit Card)
  3. 3.49% per month (Business Credit Card)

Card Replacement Fee

Rs.100

Duplicate Statement Fee

  1. Rs.100: Business Credit Card
  2. Nil: Purchase and Corporate Credit Cards

Mobile Transaction Alerts

Nil

Eligibility Criteria for AU Bank Corporate Credit Card

To apply for the AU Bank Corporate Credit Card, you must fulfil the following eligibility conditions:

  1. You must be a resident of India.
  2. As a primary cardholder, you must be aged 21 years to 60 years.

How to Apply for AU Bank Corporate Credit Card

The steps to apply for the AU Bank Corporate Credit Card online are as follows:

Step 1: Visit the official website of AU Small Finance Bank.

Step 2: Choose the credit card you want and click on the 'Apply Online' option.

Step 3: Enter your name, mobile number, and other requested details.

Step 4: Accept the terms and conditions and click the 'Generate OTP' button.

Step 5: Submit the application along with supporting documents.

FAQs on AU Bank Corporate Credit Card

  • What is the annual fee for the AU Bank Corporate Credit Card?

    AU Small Finance Bank does not levy any annual fee on Corporate Credit Cards except for the Business Cashback Credit Card which has an annual fee of Rs.999.

  • What is the fuel surcharge waiver offered on the AU Bank Corporate Credit Card?

    AU Bank Corporate Credit Card users will be entitled to a fuel surcharge waiver of 1% at any fuel station in India on fuel purchases ranging from Rs.400 to Rs.5,000. A maximum waiver of Rs.200 per statement cycle will be offered.

  • Does the AU Bank Corporate Credit Card offer airport lounge access?

    Yes, the AU Bank Corporate Credit Card offers complimentary airport lounge visits twice every quarter.

  • Can I apply for the AU Bank Corporate Credit Card online?

    Yes, you can apply for the AU Bank Corporate Credit Card online.

  • When will I receive my AU Bank Corporate Credit Card after applying?

    You will receive your AU Bank Corporate Credit Card within seven working days after your application is approved.

  • Does the AU Bank Corporate Credit Card offer an air accidental cover?

    Yes, the AU Bank Corporate Credit Card offers an air accidental cover of up to Rs.50 lakh.

  • Will my Corporate Credit Card number change in the event of a card replacement?

    If your credit card is lost or stolen; a new card number will be on the replaced card. However, the card number will not change if you request a card replacement in case of a damaged card.

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