AU Small Finance Bank has partnered with Zaggle to launch the AU Zaggle RuPay Credit Card, a new lifetime free co-branded credit card focused on rewarding UPI, Tap & Pay, and online spends. The card allows users to earn Zagg Coins, which can be redeemed as cashback through the zagg.money app.
Interestingly, this is Zaggle’s third co-branded credit card partnership, after previously collaborating with YES Bank and Punjab National Bank (PNB).
AU Zaggle Credit Card Reward Rate Explained
Although the bank advertises up to 8% Zagg Coins, the reward rate depends on how you spend.
- 4% Zagg Coins on zagg.money UPI spends.
- 8% Zagg Coins on zagg.money UPI spends if your total spends exceed ₹10,000 in a statement cycle.
- 2% Zagg Coins on UPI spends made through other UPI apps.
- Up to 8% Zagg Coins on Tap & Pay transactions.
- Up to 4% Zagg Coins on eligible e-commerce spends.
- Rewards are applicable only on transactions of ₹500 or more.
Reward Redemption
Some important reward terms include:
- 1 Zagg Coin = ₹0.25
- Maximum 2,000 Zagg Coins can be earned per statement cycle.
- Zagg Coins can be redeemed as cashback through the zagg.money application.
This means the maximum reward value works out to ₹500 per statement cycle (2,000 × ₹0.25).
Bottom Line
The AU Zaggle RuPay Credit Card is aimed at users who regularly make UPI and contactless payments. While the headline reward rate of 8% looks attractive, it is important to note that this rate is not applicable on every transaction. Users must spend more than ₹10,000 via zagg.money UPI in a statement cycle to unlock the higher reward rate, while regular zagg.money UPI spends earn 4%, and UPI payments through other apps earn 2%.
Apart from these rewards, there are no lifestyle benefits associated with this card.
With this launch, Zaggle further expands its banking partnerships, adding AU Small Finance Bank alongside its existing co-branded credit cards with YES Bank and Punjab National Bank (PNB).