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The AU Small Finance Bank recently launched the Business Cashback RuPay credit card, in partnership with RuPay. The card is exclusively meant to fulfil the needs and requirements of self-employed individuals and MSMEs (micro, small, and medium enterprises). This credit card charges Rs. 99 per month as a membership fee and offers benefits like 2% cashback, instant loans, and fire, housebreaking, burglary insurance, etc. that makes it the perfect solution for businesses.

The Business Cashback credit card is meant for business spends and not personal use, but it still offers multiple travel, cashback, and lifestyle privileges. AU Bank aims to streamline business processes and provide cash flow needed to grow the business for their customers. With this card, MSMEs can handle recurring monthly expenses, urgent spends, etc. hassle free, while earning cashback. The credit card is one of the best choices for self-employed people and small businesses.

Read further to know more about this business credit card, its features and benefits, fees and charges, eligibility criteria, and other important information.

Business Cashback RuPay Credit Card Feature
(4.5/5)

Joining Fee

Rs. 99 per month

Renewal Fee

Nil

Best Suited For

Shopping |

Reward Type

Cashback |

Welcome Benefits

NA

Movie & Dining

Up to 30% off at over 300 partner restaurants across the country with the Silver Spoon Dining program

Rewards Rate

1% cashback, up to Rs. 1000 per statement cycle, on the Total Amount Due repayment

Reward Redemption

The cashback is credited automatically to the cardholder’s account

Travel

8 complimentary railway lounge access per year, max 2 per quarter

Domestic Lounge Access

8 complimentary railway lounge access per year, max 2 per quarter

International Lounge Access

NA

Golf

NA

Insurance Benefits

Business insurance coverage for Cash in Counter, Cash in Transit, and Public LiabilityFire, burglary, and housebreaking insurance

Spend-Based Waiver

The monthly membership fee can be waived off on spending Rs. 10,000 or more in the statement cycle

Rewards Redemption Fee

Nil

Rewards Redemption Fee

Nil

Foreign Currency Markup

3.5%

Interest Rates

3.59% monthly or 43.08% per annum

Fuel Surcharge

1% fuel surcharge waiver on transactions between Rs. 400 to Rs. 5,000, max Rs. 200 per month

Cash Advance Charges

2.5% of the amount withdrawn or minimum Rs. 100, whichever is higher

• 1% cashback on repayment of Total Amount Due on their credit card bill
• Instant loan is available on the credit card
• 1% fuel surcharge waiver, maximum benefit of Rs. 200 per month
• Up to 30% discount at partner restaurants with the Silver Spoon Dining program
• 8 complimentary railway lounge access, max 2 per quarter
• Transactions worth Rs. 2000 or above can be easily converted to EMIs
• Business insurance, fire, burglary, and housebreaking insurance, card liability cover, and air accident cover
• Spend-based monthly card fee waiver

AU Bank Business Cashback Credit Card – Features and Benefits

Let’s take a look at the benefits and features of the AU Bank Business Cashback RuPay credit card in detail –

Cashback Benefits

Get 1% cashback on the repayment of the Total Amount Due on your credit card bill. You can earn a maximum of Rs. 1000 as cashback per statement cycle.

E-Wallet spends and reloads, rent payment, fuel spends, insurance premium spends, and cash withdrawals are not eligible for cashback.

Instant Loan

Self-employed individuals and small businesses can take instant loans on their credit card in order to fulfil their business needs and requirements.

The cardholder can claim the instant loan only after 90 days of getting the credit card.

Travel Benefits

You can enjoy 8 complimentary railway lounge access per yearofficial website , maximum twice per quarter, at select railway lounges. Add-on cardholders can also enjoy complimentary lounge access benefits.

Dining Benefits

Get up to 30% off on dining at more than 300 partner restaurants across India under the Silver Spoon Dining program.

Fuel Surcharge Waiver

Get 1% fuel surcharge waiver on transactions between Rs. 400 to Rs. 5000 at all fuel stations across the country. The maximum benefit is capped at Rs. 200 per statement cycle.

Insurance Benefits

Get business insurance coverage with your card – Cash in Counter cover worth Rs. 25,000, Public Liability and Cash in Transit cover worth Rs. 1.5 Lakhs each, Fire, Burglary, and Housebreaking insurance cover worth Rs. 2 Lakhs each

Get air accident insurance cover worth Rs. 50 Lakhs

Travel-related insurance cover worth up to Rs. 50,000 for baggage loss, delay in flight, baggage delay, plane hijack, loss of passport and other travel documents, etc.

XpressEMI and Contactless Payments

You can easily convert transactions above Rs. 2000 in to easy EMIs for your select tenure.

You can use the credit card for secure and quick payments at participating merchants, just by tapping it, for transactions up to Rs. 5000. You don’t need to enter your credit card PIN.

Card Fee Waiver

You can get the monthly card fee of Rs. 99 waived off on spending Rs. 10,000 or above on retail during the card statement cycle.

AU Bank Business Cashback RuPay Credit Card – Fees & Charges

The following are the main fees and charges associated with AU Bank Business Cashback RuPay credit card –

Annual Fee – The card charges a monthly fee of Rs. 99 plus taxes. The monthly fee can be waived off on spending Rs. 10,000 or more in a statement cycle.

Interest Rate – The card charges an interest rate of 3.59% per month and 43.08% annually.

Cash Advance Fee – The card charges a cash advance fee of 2.5% of the withdrawn amount or minimum Rs. 100, whichever is higher.

Foreign Currency Markup – The card charges a foreign currency markup of 3.49%. on all foreign transactions made by the cardholder.

Eligibility Criteria & Documents Required

The applicant must meet the following eligibility requirements in order to apply for the AU Bank Business Cashback credit card –

  • The applicant must be at least 21 to 60 years of age.
  • The applicant must be a resident of India
  • The applicant must have a stable income source and decent credit score

The applicant must also provide the following documents along with their latest photographs –

ID Proof – Aadhar Card, PAN Card, Voters’ Id, Passport, Driving License, etc

Address Proof – Aadhar Card, Latest Utility bills, Passport, Driving License, etc.

Income Proof – Latest salary slip or latest audited ITR

How to Apply for the AU Bank Business Cashback Credit Card

Follow these steps to apply for this credit card –

  • Visit the official website or mobile app of AU Bank
  • Hover the cursor on ‘Cards’ in the top menu and then click on Credit Cards
  • Go to Commercial Credit Cards and then click on Business Cashback Credit Card
  • Check out the features and benefits of the card and other information related to it.
  • Click on Apply Now to begin with the application process.
  • Upload the necessary documents and then submit your application

Conclusion

Self-employed people and small businesses form the backbone of our country and AU Bank partnered with RuPay on the Business Cashback credit card to help them out. With the card, cardholders can streamline their business processes and get the cash flow needed to run the business successfully. You can handle all the expenses and monthly obligations while earning cashback on your spends made with the card.

The Business Cashback card also has privileges like instant loan facility, railway lounge access, and business insurance coverage for small businesses and MSMEs. Available at a nominal Rs. 99 monthly fees, this credit card is the perfect choice for taking your business to the next level.

FAQs:

The AU Bank Business Cashback credit card charges a monthly fee of Rs. 99 plus taxes. Even at this nominal fee, the card offers benefits like 2% cashback, instant loans, and fire, housebreaking, burglary insurance, etc. that makes it the perfect solution for small businesses and self-employed people.
Yes, the AU Bank Business Cashback RuPay credit card offers 1% cashback on the Total Amount Due repayment, capped at a maximum Rs. 1000 per statement cycle. E-Wallet spends or reloads, cash withdrawal, rent payments, and fuel spends are not considered towards milestone benefits.
Yes, it is possible to get an instant loan on your Business Cashback RuPay credit card to meet your business requirements and needs. Cardholders will be eligible for this benefit only after 90 days of getting the credit card issued.
You do not get complimentary domestic airport lounge access with the credit cad but you do get complimentary railway lounge access. Using your credit card, you can get 8 complimentary lounge visits per year, maximum 2 per quarter. Even add-on cardholders can enjoy complimentary railway lounge access.
Yes, it is possible to get the monthly Rs. 99 card fee waived off on spending Rs. 10,000 or above in the card statement cycle. There are certain spends like E-Wallet spends or reloads, cash withdrawal, rent payments, and fuel spends that are considered towards the milestone spend.

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