AU Bank InstaPay Credit Card
The AU Bank InstaPay Credit Card lets you earn cashback while making UPI transactions. It’s a virtual card, so you don’t need to carry a physical one. You can easily make payments from your smartphone, making it a convenient choice for anyone starting their credit card journey or looking to earn cashback on UPI spends. Plus, it offers 1% cashback on UPI transactions in categories like dining, supermarkets, and groceries. This virtual credit card is perfect for first-time users and UPI regulars. You can make quick, secure transactions by scanning QR codes at malls or street vendors. With no joining or annual fees, it's a great option for those who want to save while spending. The card allows you to earn cashback on both large and small transactions, making it a practical tool for daily expenses.
The AU Bank InstaPay Credit Card is designed to make banking easier. It offers instant approval and worldwide acceptance, meaning you can use it anywhere. You also get flexible repayment options and rewards on your purchases. With extra benefits like a fuel surcharge waiver and an interest-free period, this card provides excellent value for everyday shopping and dining.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
How can I link my AU RuPay Credit Card on UPI if I changed my mobile number?
If your mobile number has changed, you need to update it on your RuPay Credit Card and UPI app, then re-register the card on UPI.
Can I authenticate UPI payments with my AU RuPay Credit Card pin?
No, you must create a separate UPI PIN to authenticate UPI transactions with your AU RuPay Credit Card.
What is the process to link my RuPay Credit Card to a UPI application?
First, download a UPI app like BHIM or Paytm, verify your mobile number, select "Link Credit Card," and follow the steps to link it.
Can I convert my UPI payment made with a RuPay Credit Card into an EMI?
Yes, eligible UPI transactions made with your RuPay Credit Card can be converted into EMI.
If I renew my AU RuPay Credit Card, do I need to link it to UPI again?
Yes, after renewing your card, you’ll need to re-link it to the UPI application.
How is the credit limit for the InstaPay Credit Card determined?
The credit limit on your InstaPay Credit Card is the same as your existing primary credit card limit.
How do I set a daily limit or disable UPI transactions on my RuPay Credit Card?
You can set or disable the daily transaction limit for UPI on your AU RuPay Credit Card in the AU 0101 app.
Can I link my AU Small Finance Bank Visa or Mastercard to the UPI app?
Only RuPay Credit Cards can be linked to UPI apps; Visa or Mastercard cannot be used.
Will I get cashback or reward points for transactions made with my RuPay Credit Card?
Yes, you can earn 1% cashback on selected merchant categories, capped at INR 100 per statement cycle.
Is there a cap on the number of UPI transactions I can make with my RuPay Credit Card?
Yes, there’s a limit on the number of transactions you can make using your RuPay Credit Card via UPI, as set by NPCI.
Can I register my RuPay Credit Card with UPI if my mobile number is not linked?
To register your RuPay Credit Card, your mobile number on both the card and UPI app must match.
Leave a Reply