Base reward rate: 1% cashback on e-commerce, POS, contactless, and UPI transactions
Redemption options: value
Redemption value: 1 Pt = ₹1.00
Fees & Charges
Joining fee: 299
Annual fee: 299
Pros
Exceptional lounge access for its fee segment, offering 8 domestic airport and 8 railway lounge visits annually, subject to a quarterly spend of ₹20,000.
Offers rewards on UPI transactions, providing 5 coins per transaction via the AU 0101 App, a feature not commonly available on entry-level cards.
The low annual fee of ₹299 is waived on a very achievable annual spend of just ₹40,000, making it effectively free for most users.
Provides a simple and flat 1% cashback rate across common spending categories like e-commerce, POS, and UPI transactions.
Cons
The 1% cashback is severely limited by a low monthly cap of ₹500, restricting maximum rewards to ₹6,000 per year regardless of spending.
Key high-volume spending categories like Rent, Utilities, Wallet loads, and Fuel are explicitly excluded from earning any cashback.
Lounge access is not guaranteed; it is conditional upon meeting a minimum spend of ₹20,000 each quarter, which might be missed by low spenders.
Reward redemption is restricted to the AU Rewardz catalogue, which can be less flexible and potentially offer lower value than direct statement credit.
Best Use Case
Individuals seeking cashback on everyday digital spends including UPI, coupled with domestic lounge access.