AU Altura Plus Credit Card

Understanding the cost of holding a credit card is vital for maximizing your savings. The AU Altura Plus Credit Card features an incredibly competitive fee structure tailored for everyday users who want premium benefits without massive overhead costs.

When your card is issued, a one time joining fee of Rs. 499 plus applicable taxes is charged to your first statement. While there are no specific welcome benefits or points to offset this joining cost directly, the fee is low enough that regular offline spending will recover it quickly through cashback.

From the second year onwards, an annual renewal fee of Rs. 499 plus taxes applies. However, the bank offers generous waiver conditions. You can get the first year fee waived completely by spending just Rs. 20,000 within the first 90 days of receiving your card. For the second year and beyond, the annual fee is waived if your total yearly spending reaches Rs. 80,000. To put that in perspective, spending Rs. 80,000 a year means you only need to spend about Rs. 6,667 per month on the card to keep it absolutely free of annual charges.

Securing approval for the AU Altura Plus Credit Card requires meeting specific age, income, and credit score guidelines set by the bank. The criteria are structured to accommodate both salaried employees and self employed business owners, making it quite accessible for a broad audience.

For age requirements, the primary applicant must be at least 21 years old. The maximum age limit is 60 years for salaried individuals and 65 years for self employed applicants. Add on cardholders must be at least 18 years old.

Your income profile plays a major role in the approval process. If you are a salaried professional, you must demonstrate a minimum yearly income of Rs. 4 Lakhs. This translates to roughly Rs. 33,333 per month. If you are self employed, the minimum income requirement is slightly higher at Rs. 5 Lakhs per year. This ensures the bank that you have steady cash flow to clear your monthly dues.

Finally, a healthy credit history is essential. The bank requires a minimum CRIF or CIBIL credit score of 720 for both salaried and self employed applicants. A score of 720 shows a solid track record of repaying loans and credit card bills on time, which significantly speeds up your application processing.

Getting the most value out of your credit card means knowing exactly how to claim your earnings. With the AU Altura Plus Credit Card, the redemption process is entirely digital and straightforward. Since this card offers a mix of direct cashback and reward points, handling your rewards involves two simple concepts.

First, the 1.5 percent cashback you earn on retail merchant spends is calculated automatically. You do not need to manually claim this money. The accumulated cashback, up to the Rs. 100 monthly cap, is directly credited to your statement balance, automatically reducing the total amount you owe the bank.

Second, the reward points you earn after hitting the cashback cap must be redeemed manually. You can do this by visiting the dedicated rewards portal at https://rewardz.au.bank.in/. Once logged in, you can browse a wide catalog of options including flight tickets, hotel reservations, shopping vouchers, merchandise, and mobile or DTH recharges. Each reward point holds a fixed value of Rs. 0.25. For example, if you have accumulated 4,000 reward points over a few months, your total redemption value is Rs. 1,000. You can use this Rs. 1,000 to purchase an Amazon or Flipkart gift voucher from the portal. Keep in mind that a standard handling fee applies to every redemption request.