AU Bank Xcite Ace Credit Card
The AU Bank Xcite Ace Credit Card is part of the new SwipeUp platform, offering great benefits like higher cashback, better credit limits, and more compared to regular credit cards. It’s a lifetime-free card with up to 3% cashback, which is directly applied to your outstanding balance. Cardholders also get travel perks like free entry to airport and railway lounges and travel insurance. You can also get up to 30% off on dining, a device protection plan, concierge services, and many other perks.
The AU Xcite Ace Credit Card is a good choice for those looking to upgrade their credit card without paying high fees. It has no annual fee and offers cashback, travel privileges, and various other benefits. If you already have a mid-level card and want a higher credit limit and better cashback, this card is a solid choice. However, there’s a condition that requires you to spend at least ₹7,500 to earn 1% cashback, which may not be ideal for everyone. Cards like the Axis Ace offer higher cashback rates without such conditions.
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.
AU Bank Xcite Ace Credit Card – Features, Benefits, and How to Apply
The AU Bank Xcite Ace Credit Card is a premium offering from AU Small Finance Bank’s SwipeUp platform, designed for customers who want better rewards, higher cashback, and exclusive lifestyle benefits compared to the standard Xcite Card. This card comes with zero annual fees and offers multiple advantages, including travel privileges, insurance coverage, and device protection.
Cashback Benefits
The Xcite Ace Credit Card offers cashback based on monthly spending:
- 3% cashback on monthly spends of Rs. 20,000 or more
- 2% cashback on monthly spends of Rs. 12,500 or more
- 1% cashback on monthly spends of Rs. 7,500 or more
The maximum cashback per statement cycle is Rs. 750. Transactions like rent payments, fuel purchases, and wallet reloads are not eligible for cashback. This makes the card ideal for online shopping, dining, and everyday purchases.
Airport Lounge Access
Cardholders receive two complimentary domestic airport lounge visits per quarter, totaling eight visits annually. This benefit ensures a comfortable and relaxing travel experience.
Railway Lounge Access
The card also provides two complimentary railway lounge visits per quarter in selected cities, including New Delhi, Kolkata (Sealdah), Jaipur, Ahmedabad, and Agra. Supplementary cardholders can enjoy these visits within the annual limit. These travel benefits make journeys more comfortable and stress-free.
Device Protection and Extended Warranty
Cardholders benefit from a complimentary device protection plan for mobile phones. Additionally, purchases like mobile phones, tablets, laptops, and white goods receive a one-year extended warranty, ensuring safety and peace of mind for expensive gadgets.
Insurance Coverage
The Xcite Ace Credit Card comes with comprehensive insurance benefits, including:
- Air accident cover of Rs. 50 lakhs
- Purchase protection up to Rs. 25,000
- Credit shield coverage up to Rs. 2 lakhs
- Travel-related protection for lost or delayed baggage, flight delays, and passport loss
These features make the card a reliable companion for travel and everyday life.
Concierge Services
Cardholders can access personalized concierge services for:
- Customized travel, entertainment, and leisure experiences
- Flight and hotel bookings
- Golf session reservations and other lifestyle arrangements
Fuel Surcharge Waiver
The card provides a 1% waiver on fuel surcharge for transactions between Rs. 400 and Rs. 5,000, with a maximum waiver of Rs. 250 per month. This adds convenience and savings on regular fuel purchases.
Fees and Charges
- Lifetime free card with no joining or annual fees
- Interest rate: 3.49% per month (41.88% annualized)
- Forex markup fee: 3.49% on foreign currency transactions
- Cash advance fee: 2.5% of withdrawn amount or a minimum of Rs. 100
With zero annual fees, the Xcite Ace card offers premium benefits at minimal cost.
Eligibility Criteria
To apply for the Xcite Ace Credit Card, applicants must meet these requirements:
- Age 21 to 60 years (supplementary cardholders must be 18+)
- Must be a resident of India
- Must have a good credit history
How to Apply
The card can be applied for online or offline, and existing credit card holders can also upgrade to Xcite Ace.
Offline Application
Visit the nearest AU Bank branch with identity proof, address proof, income proof, and current card details. Bank officials will assist with the process.
Online Application
- Go to AU Bank’s SwipeUp platform
- Enter your registered mobile number and PAN
- Provide the first six digits of your existing credit card and select Xcite Ace variant
- Compare benefits with your current card and complete the application
Online application is fast and convenient, while offline application offers personal assistance.
AU Bank Xcite Ace Credit Card Review
The card is perfect for those looking for higher cashback, travel privileges, insurance coverage, and lifestyle benefits, all without an annual fee. It offers an upgraded experience for mid-level card users, including premium rewards, lounge access, and device protection.
Is there a maximum cashback you can earn each month with the Xcite Ace Credit Card?
Yes, the cashback is capped at Rs. 750 per month. You can earn a maximum of Rs. 750 in cashback using the card.
What is the yearly fee for the AU Bank Xcite Ace Credit Card?
The Xcite Ace Card has no annual charges, so it's free to use for life.
Does the Xcite Ace credit card give access to domestic airports?
Yes, this card lets you visit domestic airport lounges for free two times every quarter.
Is there a fuel surcharge waiver on the Xcite Ace credit card?
Yes, this card gives you a 1% fuel surcharge waiver when you spend between Rs. 400 and Rs. 5000 on fuel, up to a maximum of Rs. 200 per statement cycle.
What is the fee for taking out cash using the Xcite Ace Credit Card?
The Xcite Ace Card charges a cash advance fee of 2.5% on the amount you withdraw, and you’ll pay at least Rs. 100 as the minimum fee.
What perks are included with the Xcite Ace credit card?
The Xcite Ace Card provides two notable advantages: complimentary access to both airport and railway lounges, along with a one-year extended warranty on purchases of mobile phones and white goods.
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