The AU Bank Business Cashback RuPay Credit Card is designed for small to medium-sized enterprises (SMEs) in India, offering cashback on business expenses and additional benefits like fuel surcharge waivers, railway lounge access, and business insurance coverage. This card is ideal for businesses seeking to optimize spending, manage expenses effectively, and enjoy a range of useful features tailored for business needs.
Overview
| Feature | Details |
|---|---|
| Card Type | Business Credit Card |
| Reward Rate | 1% cashback on the repayment of the total amount due |
| Joining Fee | ₹99 + GST/Month (waived on spending ₹10,000 Monthly) |
| Unique Selling Points | Cashback rewards, business savings, low annual fee |
| Rating | ★★★★☆ (4.3/5) |
AU Bank Business Cashback RuPay Credit Card Fees and Charges
| Fee Type | Details |
|---|---|
| Monthly Fee | ₹99 + GST/Month (waived on spending ₹10,000 Monthly) |
| Finance Charges | 3.5% per month (42% per annum) |
| Foreign Transaction Fee | 3.5% + GST |
| Cash Advance Fee | 2.5% of the amount withdrawn, with a minimum of ₹300 |
| Late Payment Fee | ₹100 to ₹1,000 depending on the outstanding balance |
| Overlimit Fee | ₹500 |
AU Bank Business Cashback RuPay Credit Card Features and Benefits
- Cashback: Earn 1% cashback on the repayment of the total amount due on the credit card, with a maximum cashback of ₹1,000 per statement cycle. Note that wallet reloads, rent payments, insurance, fuel, and cash transactions do not count towards this cashback.
- Instant Loan: Eligible cardholders can avail of an instant loan on their credit card after 90 days from the date of issuance to meet business needs.
- Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000 at fuel stations across India, with a maximum benefit of ₹200 per statement cycle.
- Railway Lounge Access: Get 8 complimentary railway lounge visits per year, with a maximum of 2 visits per calendar quarter. This benefit applies to both primary and add-on cardholders.
- Business Insurance Coverage: Comprehensive coverage including Cash in Counter (₹25,000), Cash in Transit & Public Liability (₹1.5 lakh each), and Fire Insurance & Burglary & Housebreaking (₹2 lakh each), protecting against various business risks.
- Contactless Card Usage: Make secure, quick payments up to ₹5,000 without entering a PIN, using the card’s contactless feature at participating merchants.
- XpressEMI: Convert transactions worth ₹2,000 or more into easy EMI options across select tenures, providing flexibility in managing business cash flow.
- Add-on Cards: Offer the same benefits to family members or employees with lifetime free add-on cards, allowing extended use and flexibility.
- Silver Spoon Dining Program: Up to 30% discount at 300+ partnered restaurants across 30 cities, enhancing value on dining spends.
Expense Management and Corporate Services
- Detailed Spending Reports: Provides comprehensive insights into business expenses, helping companies effectively manage spending and streamline financial management.
- Dedicated Customer Support: Offers 24/7 customer support for priority assistance with any card-related issues.
Foreign Transaction Fee
| Feature | Details |
|---|---|
| Foreign Transaction Fee | 3.5% + GST |
Eligibility
- Corporate Status: Available to SMEs and business owners looking to efficiently manage business expenses.
- Company Requirements: Suitable for companies that can benefit from cashback rewards and savings on regular business expenses.
How to Apply?
- Process: Visit the AU Bank website or contact a bank representative. Complete the application form and submit the required documents. Upon approval, the card will be issued to the business.
Similar Cards to AU Bank Business Cashback RuPay Credit Card
| Feature | AU Bank Business Cashback RuPay Credit Card | HDFC Corporate Platinum Credit Card | ICICI Bank Corporate Gold Credit Card |
|---|---|---|---|
| Annual Fee | ₹99 + GST/Month (waived on spending ₹10,000 Monthly) | ₹2,499 + GST | ₹500 + GST (waived on certain spends) |
| Reward Rate | 1% cashback on the repayment of total amount due | 2 Reward Points per ₹150 spent | No rewards program |
| Expense Management | Detailed spending reports and EMI options | Expense management tools, MIS reports | Basic expense reports and tracking |
| Corporate Liability Waiver | Yes, included | Yes, up to ₹10 lakh | Yes, included |
| Foreign Transaction Fee | 3.5% + GST | 3.5% + GST | 3.5% + GST |
AU Bank Business Cashback RuPay Credit Card vs. HDFC Corporate Platinum Credit Card
The AU Bank Business Cashback RuPay Credit Card focuses on cashback for business expenses, ideal for SMEs aiming to save on routine costs. Meanwhile, the HDFC Corporate Platinum Credit Card offers a points-based rewards program with enhanced financial management tools, better suited for larger businesses requiring comprehensive financial oversight.
AU Bank Business Cashback RuPay Credit Card vs. ICICI Bank Corporate Gold Credit Card
While the AU Bank Business Cashback RuPay Credit Card emphasizes cashback and other benefits like EMI options and insurance coverage, the ICICI Bank Corporate Gold Credit Card offers basic expense management features at a lower annual fee. The AU Bank card is more appealing to businesses that value cashback on diverse spending, while the ICICI card is ideal for companies seeking a straightforward, budget-friendly corporate card.
Final Thoughts
- AU Bank Business Cashback RuPay Credit Card is great for SMEs looking for cashback rewards on everyday expenses, effective cost management, and additional business benefits.
- HDFC Corporate Platinum Credit Card is more suitable for larger corporations requiring extensive financial oversight and a rewarding program.
- ICICI Bank Corporate Gold Credit Card is a cost-effective option for businesses needing basic financial management without extra rewards.
FAQ
What is the annual fee for the AU Bank Business Cashback RuPay Credit Card?
The fee is 99 per month + applicable charges, Monthly fee waiver – INR 10,000 retail spends done within card statement cycle.
How do I earn cashback with the AU Bank Business Cashback RuPay Credit Card?
Earn cashback on various business-related expenses, including utility payments, travel bookings, and fuel purchases.
Does the AU Bank Business Cashback RuPay Credit Card offer airport lounge access?
Yes, the card provides complimentary access to select domestic airport lounges across India.
What insurance benefits are included with the AU Bank Business Cashback RuPay Credit Card?
The card includes personal accident insurance and purchase protection insurance for goods bought using the card.
How can I manage expenses with the AU Bank Business Cashback RuPay Credit Card?
The card offers detailed spending reports and customer support to assist in managing business expenses effectively.
