AU Laksya Credit Card
Card Overview
The AU Laksya Credit Card is a good choice for people who want rewards and discounts on their daily spending. The card comes with a joining and annual fee of ₹1,000 + GST. You can earn 5 reward points for every ₹100 spent on eligible purchases. It also offers up to 15% discount on Amazon Fresh and Amazon Now and up to 1.25% value-back on departmental store and contactless transactions. You can also get discounts of up to ₹250 on District and Zomato, which can help you save on food delivery, movies, and shopping.
The card also comes with complimentary domestic airport lounge access if you meet the required spending conditions. The reward points can be used for shopping, vouchers, travel bookings, and other available options. The annual fee can also be waived if you spend the required amount in a year. Overall, this card can be useful for people who regularly spend on groceries, shopping, food, entertainment, and other everyday expenses and want to earn rewards without paying a high annual fee.
Card Details
- Welcome Benefit: Get 4,000 Reward Points or a ₹1,000 brand voucher after activation and your first transaction within 30 days.
- Reward Points: Earn up to 5 Reward Points per ₹100 on grocery, departmental store, and contactless spends. Earn 2 points on other eligible spends and 1 point on insurance, utility, and telecom payments.
- Airport Lounge Access: Enjoy 2 free domestic lounge visits per quarter when you spend ₹50,000 in that quarter, giving you up to 8 visits annually.
- Brand Offers: Get 15% off up to ₹250 on eligible Amazon Fresh/Now and Zomato orders once a month, plus a Buy 1 Get 1 movie ticket offer on District once a month.
- Annual Fee Waiver: Get the annual fee waived by spending ₹2 lakh or more in the previous year.
- Fuel Benefit: Get a 1% fuel surcharge waiver on eligible fuel transactions, up to ₹150 per month.
- Reward Redemption: Redeem 1 Reward Point for ₹0.25 against e-vouchers, merchandise, flight and hotel bookings, and other options.
- Reward Caps: Grocery and departmental store rewards are capped at 1,000 points per month, while utility and telecom rewards are limited to 100 points per transaction.
- EMI Benefit: Convert eligible transactions of ₹2,000 or more into Xpress EMI without a processing fee, with up to 20 transactions that can be combined.
Features & Benefits
AU Laksya Credit Card: Benefits, Fees, Eligibility and Charges
The AU Laksya Credit Card is a rewards credit card that offers benefits on everyday purchases, shopping, dining, entertainment and travel. Cardholders can earn Reward Points on grocery, departmental store and contactless transactions. The card also provides discounts on Amazon Grocery/Amazon Now and Zomato, along with movie ticket benefits.
Other AU Laksya Credit Card benefits include complimentary domestic airport lounge access, fuel surcharge waiver, contactless payments and the Xpress EMI facility. The card has a joining and annual fee of Rs.500 plus applicable taxes. The annual fee can be waived if the cardholder meets the applicable spending requirement.
AU Laksya Credit Card Highlights
| Particulars | Details |
|---|---|
| Card Name | AU Laksya Credit Card |
| Joining Fee | Rs.500 + applicable taxes |
| Annual Fee | Rs.500 + applicable taxes |
| Welcome Benefit | Brand vouchers worth Rs.1,000 or 4,000 Reward Points |
| Reward Points | Up to 5 Reward Points per Rs.100 |
| Domestic Lounge Access | Up to 8 visits per year |
| Fuel Surcharge Waiver | 1% |
| Contactless Payments | Available |
| EMI Facility | Xpress EMI |
| Add-on Card | Lifetime-free for eligible family members |
AU Laksya Credit Card Benefits
The AU Laksya Credit Card offers Reward Points and other benefits that can be useful for regular spending. Some of the main benefits are given below.
Welcome Benefits
New cardholders can choose brand vouchers worth Rs.1,000 or 4,000 Reward Points as a welcome benefit.
To get this benefit, the card must be activated and the first successful transaction should be completed within 30 days of card issuance. Eligible customers receive the benefit claim details through SMS or email.
Reward Points
The AU Laksya Credit Card allows you to earn Reward Points on eligible purchases.
- 5 Reward Points per Rs.100 spent on groceries, departmental stores and eligible contactless transactions.
- 2 Reward Points per Rs.100 spent on other eligible retail purchases.
- 1 Reward Point per Rs.100 spent on insurance, utility and telecom transactions.
If you regularly spend on groceries or use contactless payments, you can earn more Reward Points on these transactions.
Amazon Grocery and Amazon Now Discount
The card offers up to 15% instant discount on eligible purchases through Amazon Grocery/Amazon Now.
The maximum discount is Rs.250 per month, subject to the applicable terms and conditions.
Zomato Discount
AU Laksya Credit Card users can also get up to 15% instant discount on eligible Zomato food delivery orders.
The maximum discount available is Rs.250 per month. The offer is subject to the applicable terms and conditions.
Movie Ticket Offer
The card provides a Buy One Get One (BOGO) movie ticket offer through the District App.
The maximum benefit is Rs.250 per month, subject to the applicable offer terms and availability.
Airport Lounge Access
The AU Laksya Credit Card provides complimentary access to domestic airport lounges.
- Up to 8 complimentary domestic lounge visits per calendar year.
- Maximum 2 visits per calendar quarter.
Lounge access is subject to the applicable terms and eligibility conditions.
Xpress EMI Facility
With the Xpress EMI facility, eligible purchases can be converted into monthly instalments.
Transactions of Rs.2,000 or more can be converted into EMI, subject to applicable conditions. You can also combine up to 20 billed or unbilled transactions into one EMI conversion request.
Contactless Payments
The AU Laksya Credit Card supports Tap & Pay payments for quick transactions.
You can make eligible contactless payments of up to Rs.5,000 without entering your PIN, subject to applicable transaction rules. Eligible contactless spending also earns 5 Reward Points per Rs.100.
Fuel Surcharge Waiver
The card offers a 1% fuel surcharge waiver on eligible fuel transactions.
The benefit applies to fuel transactions between Rs.400 and Rs.5,000, with a maximum waiver of Rs.150 per statement cycle, subject to applicable conditions.
Reward Redemption
Reward Points earned through the AU Laksya Credit Card can be redeemed through AU Rewardz.
Depending on the available options, you can redeem points for:
- E-vouchers
- Merchandise
- Flight bookings
- Hotel bookings
- Other rewards
A redemption fee may apply as per the bank's applicable charges.
Add-on Card
Eligible primary cardholders can get a lifetime-free add-on card for eligible family members. This can make it easier for families to manage their regular expenses through an additional card.
AU Laksya Credit Card Eligibility
Applicants need to meet the eligibility criteria set by AU Small Finance Bank.
| Applicant | Eligibility |
|---|---|
| Salaried primary cardholder | 21 to 60 years |
| Self-employed primary cardholder | 25 to 65 years |
| Add-on cardholder | 18 years or above |
| Nationality | Resident Indian |
Meeting these criteria does not guarantee approval. The bank will consider factors such as the applicant's credit profile, income and its internal credit policies before approving the application.
AU Laksya Credit Card Fees and Charges
Here are some of the main AU Laksya Credit Card fees and charges:
| Particulars | Charges |
|---|---|
| Joining Fee | Rs.500 + applicable taxes |
| Annual Fee | Rs.500 + applicable taxes |
| Annual Fee Waiver | Available on meeting the applicable spending criteria |
| Cash Advance Charges | 2.5% or Rs.500, whichever is higher |
| Interest Rate | 3.75% per month (45% per annum) |
| Late Payment Charges | 15% of Total Amount Due |
| Overlimit Charges | 2.5% |
| Outstation Cheque Processing Charges | Rs.25 |
| Payment Return Charges | 2% |
| Duplicate Physical Statement | Rs.100 |
| Card Transfer Charges | Rs.199 + GST |
| Reward Point Redemption | Rs.99 + GST |
Note: Fees, charges, rewards and offers may change from time to time. Check the latest terms and conditions from AU Small Finance Bank before applying.
Is AU Laksya Credit Card Worth It?
The AU Laksya Credit Card can be a useful option if you regularly spend on groceries, departmental stores and contactless transactions. These categories offer higher Reward Points compared with some other eligible transactions.
The card also offers useful benefits such as Zomato and Amazon discounts, movie ticket offers, domestic airport lounge access and a fuel surcharge waiver. However, the actual value of the card depends on how often you use these benefits and whether your spending is enough to justify the annual fee.
Overall, the AU Laksya Credit Card can be considered by customers looking for a card that combines everyday rewards with shopping, dining, entertainment and travel benefits.
Pros/Cons
Reality Check Feedback
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.
- What are the main benefits of the AU Laksya Credit Card?
The card offers reward points on everyday purchases, domestic airport lounge access, shopping and dining discounts, movie offers, EMI conversion, and a fuel surcharge waiver.
- What welcome offer is available on the AU Laksya Credit Card?
New cardholders can choose between 4,000 Reward Points or a ₹1,000 brand voucher after activating the card and making their first transaction within 30 days of card issuance.
- How many reward points can I earn with the AU Laksya Credit Card?
You can earn 5 Reward Points per ₹100 on grocery, departmental store and eligible contactless purchases, 2 points on other retail spends, and 1 point on insurance, utility and telecom payments.
- What is the value of AU Laksya Reward Points and how can I use them?
Each Reward Point is worth ₹0.25. You can redeem your points for e-vouchers, merchandise, flight tickets and hotel bookings through the AU Rewards Portal.
- Does the AU Laksya Credit Card offer airport lounge access?
Yes, the card provides 8 complimentary domestic airport lounge visits every calendar year, with a maximum of 2 visits per quarter.
- What shopping, dining and entertainment offers does the card provide?
You can get up to 15% discounts on eligible Amazon Grocery, Amazon Now and Zomato orders. The card also offers Buy One Get One movie tickets through the District App, subject to applicable terms and limits.
- Does the card offer EMI and fuel benefits?
Yes. Eligible transactions of ₹2,000 or more can be converted into Xpress EMIs with zero processing fees. You can also get a 1% fuel surcharge waiver on eligible fuel transactions of ₹400 to ₹5,000, up to ₹150 per statement cycle.
- What are the joining and annual fees for the AU Laksya Credit Card?
The joining fee is ₹1,000 + GST, while the annual fee is ₹1,000 + GST.
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