Rewards
- Base reward rate: 2 pts/₹100
- Redemption options: e-vouchers, recharges, travel, merchandise, flights, hotels and more at AU Rewardz
Fees & Charges
- Joining fee: 199
- Annual fee: 0
Pros
- Offers an ultra-low foreign currency markup of 0.99%, which is highly competitive for an entry-level card.
- Zero annual fee from the second year onwards, minimizing the ongoing cost of ownership.
- Secured card structure backed by a Fixed Deposit, making it an accessible option for building or rebuilding credit history.
- Earns 2X Reward Points on retail spends.
- Provides complimentary railway lounge access.
Cons
- Requires a Fixed Deposit (FD) to be opened to issue the card, locking up user funds and reducing liquidity.
- Carries a high interest rate of 3.75% per month (45.00% p.a.) on outstanding balances, making revolving credit highly expensive.
- Low reward redemption value of ₹0.25 per point, which reduces the effective return on base retail spends to just 0.5%.
- Railway lounge access is restricted by a high spending threshold of at least ₹20,000 in a calendar quarter to unlock 2 complimentary visits.
- Strict reward exclusions apply to major spending categories including Cash, Rent, Education & Govt, EMI, Fuel, BBPS, and Quasi Cash transactions.
Best Use Case
First-time cardholders and individuals looking to build or repair their credit score with low forex markup.