AU bank credit card devaluation

[great]

Dear Customer,
Important update! We've revised your AU Credit Card Reward Points related terms & conditions. For details, click https://m.aubk.in/UEFtGc3h2Md
-AU Bank

Seems for zenith credit card
Below changes will be applicable on your AU Credit Card w.e.f 5th July’23
1. Zenith Credit Card: Cardholders can earn maximum of 40,000 total Reward Points in a statement cycle with a maximum of 20,000 Reward Points on each Merchant category.
2. Reward Points Redemption Fees: A nominal fees of Rs. 99 + GST will be levied on every successful redemption. These charges will be applicable for all AU Bank Credit Card variants.
3. Redemption of Gift card’s/Vouchers/E-vouchers: Value of each Reward Points will be INR 0.20 if redeemed against Gift card’s/Vouchers/E-vouchers. This will be applicable for all AU Bank Credit Card variants. For all other categories of redemption value of each Reward Points will remain unchanged.

 

[COSMOCRAT]

Value of each Reward Points will be INR 0.20 if redeemed against Gift card’s/Vouchers/E-vouchers.

Well RIP

 

[WhoU]

Dear Customer,
Important update! We've revised your AU Credit Card Reward Points related terms & conditions. For details, click https://m.aubk.in/UEFtGc3h2Md
-AU Bank

Seems for wealth credit card
Below changes will be applicable on your AU Credit Card w.e.f 5th July’23
1. Zenith Credit Card: Cardholders can earn maximum of 40,000 total Reward Points in a statement cycle with a maximum of 20,000 Reward Points on each Merchant category.
2. Reward Points Redemption Fees: A nominal fees of Rs. 99 + GST will be levied on every successful redemption. These charges will be applicable for all AU Bank Credit Card variants.
3. Redemption of Gift card’s/Vouchers/E-vouchers: Value of each Reward Points will be INR 0.20 if redeemed against Gift card’s/Vouchers/E-vouchers. This will be applicable for all AU Bank Credit Card variants. For all other categories of redemption value of each Reward Points will remain unchanged.

Why do banks even have a redemption fee of 99 + GST? It’s really irritating to see banks downgrading themselves like this. Used to consider AU redemptions as no nonsense. Now they are also following the path of other shitty banks.

 

[venkateshr]

Dear Customer,
Important update! We've revised your AU Credit Card Reward Points related terms & conditions. For details, click https://m.aubk.in/UEFtGc3h2Md
-AU Bank

Seems for wealth credit card
Below changes will be applicable on your AU Credit Card w.e.f 5th July’23
1. Zenith Credit Card: Cardholders can earn maximum of 40,000 total Reward Points in a statement cycle with a maximum of 20,000 Reward Points on each Merchant category.
2. Reward Points Redemption Fees: A nominal fees of Rs. 99 + GST will be levied on every successful redemption. These charges will be applicable for all AU Bank Credit Card variants.
3. Redemption of Gift card’s/Vouchers/E-vouchers: Value of each Reward Points will be INR 0.20 if redeemed against Gift card’s/Vouchers/E-vouchers. This will be applicable for all AU Bank Credit Card variants. For all other categories of redemption value of each Reward Points will remain unchanged.

This is a crazy devaluation. For LIT, AZ voucher was a beneficial option. That too is 99+GST and additionally the value sliced from 25% to 20%. Horrible.

Though they have mentioned the limit for total RPs in a stmt cycle and one merchant for Zenith, hope it doesn't get applied all throughout - like for LIT (am skeptical since Zenith is their top card)

 

[krishc]

Dear Customer,
Important update! We've revised your AU Credit Card Reward Points related terms & conditions. For details, click https://m.aubk.in/UEFtGc3h2Md
-AU Bank

Seems for zenith credit card
Below changes will be applicable on your AU Credit Card w.e.f 5th July’23
1. Zenith Credit Card: Cardholders can earn maximum of 40,000 total Reward Points in a statement cycle with a maximum of 20,000 Reward Points on each Merchant category.
2. Reward Points Redemption Fees: A nominal fees of Rs. 99 + GST will be levied on every successful redemption. These charges will be applicable for all AU Bank Credit Card variants.
3. Redemption of Gift card’s/Vouchers/E-vouchers: Value of each Reward Points will be INR 0.20 if redeemed against Gift card’s/Vouchers/E-vouchers. This will be applicable for all AU Bank Credit Card variants. For all other categories of redemption value of each Reward Points will remain unchanged.

so all reward points need to be redeemed before July and then forget AU like I did with IDFC

 

[Arun Pratheep]

I redeemed all my reward points just now. Still 4000 points has to be credited this month. Will redeem it as and when it is credited

 

[CHOCOPANDA]

1. 99 rs +gst will be levied on every successful redemption.
2. now previously value of 1 rewar point was 25paisa now it is 20 paisa if redeemed againt gift vouchers.

only it is lifetime free use it only in offers

 

[CHOCOPANDA]

1. 99 rs +gst will be levied on every successful redemption.
2. now previously value of 1 rewar point was 25paisa now it is 20 paisa if redeemed againt gift vouchers.

only it is lifetime free use it only in offers

see this email file

 

[4uziaul]

Already known and being discussed here

AU bank credit card devaluation

Dear Customer, Important update! We've revised your AU Credit Card Reward Points related terms & conditions. For details, click https://m.aubk.in/UEFtGc3h2Md -AU Bank Seems for zenith credit card Below changes will be applicable on your AU Credit Card w.e.f 5th July’23 1. Zenith Credit Card...

www.technofino.in

Please use the search function provided, before opening any such threads.

 

[Chaitanya-a]

Already known and being discussed here

AU bank credit card devaluation

Dear Customer, Important update! We've revised your AU Credit Card Reward Points related terms & conditions. For details, click https://m.aubk.in/UEFtGc3h2Md -AU Bank Seems for zenith credit card Below changes will be applicable on your AU Credit Card w.e.f 5th July’23 1. Zenith Credit Card...

www.technofino.in

Please use the search function provided, before opening any such threads.

@vaibhav111 bhai se bade moderator to aap ho 🤣

 

[4uziaul]

@vaibhav111 bhai se bade moderator to aap ho 🤣

Fresh news aur information ka maaza kuch aur hai 🤣 same information jo readily available hai uske liye thread open kar ke kya faida 🤣 search karlo jab thread hi open kar rahe ho

 

[Chin]

Nah dude I just got this banks cc last month and there's already a devaluation?

 

[saucy]

Well, we're late to the party @Chin

 

[MangoRush]

Was pretty useful for me as I used to get almost 2% CB with my Xcite Ultra Card.
Now, will use Regalia instead of this.

A rookie move. They had a unique upper-hand over others, now lost it.

 

[Salvo08]

All AU cards devalued including their top end Zenith.
1. Capping on max Reward points in a month.
2. ₹99 fees for Reward redemption.
3. Value of each reward to be ₹0.20.

Please refer attachment for details

 

[Rkr]

Alredy a thread is there on this..

AU bank credit card devaluation

Dear Customer, Important update! We've revised your AU Credit Card Reward Points related terms & conditions. For details, click https://m.aubk.in/UEFtGc3h2Md -AU Bank Seems for zenith credit card Below changes will be applicable on your AU Credit Card w.e.f 5th July’23 1. Zenith Credit Card...

www.technofino.in

 

[pprakash11]

Well, we're late to the party @Chin

They haven't invited me to the party yet 🥲

 

[ankittyagi92]

Redeemed 18k points just in time. Devaluation from tomorrow

 

[Calm Radiance]

Hi,
Is AU Zenith a good card for foreign transactions or its better to go for 0 forex charges credit card?
Also, post the devaluation, the reward rate of Zenith for dining and groceries shall be 4% and 2% respectively, right?

Lastly, the priority pass which comes along with it, on swiping the card we need to pay 27$ or the charges are nil at international lounges and what is the validity of priority pass?

I'm looking for a card with 0 forex charges and 0 charges for swiping priority pass at international lounges, I'm eligible for Au zenith LTF and before I apply, I need technofino community advice. If any card I must look into, do let me know. (I travel only once in a year for foreign trip and thereby not looking for card which are having very high joining/ annual charges and not looking into FD card like IDFC WOW for 0 forex)

Thanks folks in advance.

 

[Walter White]

Hi,
Is AU Zenith a good card for foreign transactions or its better to go for 0 forex charges credit card?
Also, post the devaluation, the reward rate of Zenith for dining and groceries shall be 4% and 2% respectively, right?

Lastly, the priority pass which comes along with it, on swiping the card we need to pay 27$ or the charges are nil at international lounges and what is the validity of priority pass?

I'm looking for a card with 0 forex charges and 0 charges for swiping priority pass at international lounges, I'm eligible for Au zenith LTF and before I apply, I need technofino community advice. If any card I must look into, do let me know. (I travel only once in a year for foreign trip and thereby not looking for card which are having very high joining/ annual charges and not looking into FD card like IDFC WOW for 0 forex)

Thanks folks in advance.

Zenith breaks even in case of forex transactions.