AU Bank recently launched its flagship credit card, the AU Zenith+ Credit Card. While they were already offering the AU Zenith Credit Card as their top-tier option, they have now introduced the AU Zenith+ Metal Credit Card. Let's check its benefits and other details:
Apply For AU Bank Credit Card: https://bit.ly/TFAUC
Charges:
Joining Fees:
Rs. 4999 + GST per year.
Welcome Benefits:
Choose from a range of Luxury brand vouchers or Reward Points worth INR 5,000 on card activation.
Renewal Fees:
Rs. 4999 + GST per year.
Renewal Benefit:
Earn 5000 Bonus Reward Points on paying annual/renewal membership fees from 2nd year onwards.
Fee Waiver Condition: INR 8 Lakhs net retail spends done in previous card anniversary year.
Markup Fees: Lowest cross-currency foreign mark-up fees of 0.99% (+ 18% GST) on all international transactions.
Main Benefits:
Airport Meet & Assist:
Get 4 complimentary services per annum (max 1 per calendar quarter). To book call concierge on 1800 210 0298 (toll free) or 022-42320298.
Domestic Airport Lounge Access:
Get 16 complimentary domestic airport lounges per year.
International Airport Lounge Access:
Get 4 complimentary lounge access per calendar quarter.
Golf Game:
Get 2 complimentary golf rounds/lessons per calendar quarter.
BookMyShow Buy One Get One Free:
Get 4 buy one get one free tickets every calendar quarter with discounts of up to INR 500 per ticket.
Fuel surcharge waiver:
1% Fuel Surcharge Waiver for fuel transactions done across all fuel stations in the country. (Maximum of INR 1000 per statement cycle).
Reward System:
Earn 2 Reward Points for every INR 100 spent on travel, dining, and international spends.
Earn 1 Reward Point per INR 100 on retail spends across all merchant categories.
Reward Points Category Exclusion: Cash, EMI & Fuel transactions will not be eligible for Reward Points.
Value of 1 Reward Point is INR 1
Reward Rate:
Travel, dining, and international spends: 2%
All other categories: 1%
Monthly Milestone Benefit:
1,000 Reward Points on a minimum retail spend* of INR 75,000 per statement cycle.
Note: Special Categories MCCs, Fuel, Cash & EMI transactions are not eligible for monthly milestone calculation.
Taj Epicure Membership:
Complimentary Taj Epicure Membership on minimum net retail spends of INR 12 Lakh in a card anniversary year.
Complimentary Device Protection Plan:
Get complimentary Device Protection Plan on mobile phones and 1-year extended warranty for mobile phones, tablets, laptops, and white goods purchased.
To avail benefit call concierge on 1800 210 0298 (toll free) or 022-42320298.
Some Other Insurance Covers:
We already have many decent credit cards from different banks in this segment, so new credit cards cannot impress us if they don't offer some extraordinary features. This Zenith+ credit card is decent in terms of benefits, but the reward rate is below average. A mere 1% reward rate is the deal-breaker for me. There are many banks offering more than 5% on travel and dining, both of which are high-profit categories for merchants and affiliate banks. I don't see why anyone would use this credit card just to earn 2% from travel and dining categories when we already have the SBI Cashback card, which offers 5% cashback on both categories. Overall, in my opinion, it's a below-average credit card, and better credit cards are already available in the market.
Apply For AU Bank Credit Card: https://bit.ly/TFAUC
Charges:
Joining Fees:
Rs. 4999 + GST per year.
Welcome Benefits:
Choose from a range of Luxury brand vouchers or Reward Points worth INR 5,000 on card activation.
Renewal Fees:
Rs. 4999 + GST per year.
Renewal Benefit:
Earn 5000 Bonus Reward Points on paying annual/renewal membership fees from 2nd year onwards.
Fee Waiver Condition: INR 8 Lakhs net retail spends done in previous card anniversary year.
Markup Fees: Lowest cross-currency foreign mark-up fees of 0.99% (+ 18% GST) on all international transactions.
Main Benefits:
Airport Meet & Assist:
Get 4 complimentary services per annum (max 1 per calendar quarter). To book call concierge on 1800 210 0298 (toll free) or 022-42320298.
Domestic Airport Lounge Access:
Get 16 complimentary domestic airport lounges per year.
International Airport Lounge Access:
Get 4 complimentary lounge access per calendar quarter.
Golf Game:
Get 2 complimentary golf rounds/lessons per calendar quarter.
BookMyShow Buy One Get One Free:
Get 4 buy one get one free tickets every calendar quarter with discounts of up to INR 500 per ticket.
Fuel surcharge waiver:
1% Fuel Surcharge Waiver for fuel transactions done across all fuel stations in the country. (Maximum of INR 1000 per statement cycle).
Reward System:
Earn 2 Reward Points for every INR 100 spent on travel, dining, and international spends.
Earn 1 Reward Point per INR 100 on retail spends across all merchant categories.
Reward Points Category Exclusion: Cash, EMI & Fuel transactions will not be eligible for Reward Points.
Value of 1 Reward Point is INR 1
Reward Rate:
Travel, dining, and international spends: 2%
All other categories: 1%
Monthly Milestone Benefit:
1,000 Reward Points on a minimum retail spend* of INR 75,000 per statement cycle.
Note: Special Categories MCCs, Fuel, Cash & EMI transactions are not eligible for monthly milestone calculation.
Taj Epicure Membership:
Complimentary Taj Epicure Membership on minimum net retail spends of INR 12 Lakh in a card anniversary year.
Complimentary Device Protection Plan:
Get complimentary Device Protection Plan on mobile phones and 1-year extended warranty for mobile phones, tablets, laptops, and white goods purchased.
To avail benefit call concierge on 1800 210 0298 (toll free) or 022-42320298.
Some Other Insurance Covers:
- Air Accident Cover - Up to INR 2 Crore
- Card Liability Cover - Up to INR 15 Lakhs
- Credit Shield - Up to INR 15 Lakhs
- Purchase Protection - Up to INR 50,000
- Other Travel related covers - In event of baggage delay, delay in flight, loss of passport and plane hijack.
We already have many decent credit cards from different banks in this segment, so new credit cards cannot impress us if they don't offer some extraordinary features. This Zenith+ credit card is decent in terms of benefits, but the reward rate is below average. A mere 1% reward rate is the deal-breaker for me. There are many banks offering more than 5% on travel and dining, both of which are high-profit categories for merchants and affiliate banks. I don't see why anyone would use this credit card just to earn 2% from travel and dining categories when we already have the SBI Cashback card, which offers 5% cashback on both categories. Overall, in my opinion, it's a below-average credit card, and better credit cards are already available in the market.
