AU Bank new rules and charges

Revision of AU Small Finance Bank Credit Card Schedule of Charges

Again started devaluation
Revision of AU Small Finance Bank Credit Card Schedule of Charges
Please note the below mentioned changes in AU Bank Schedule of Charges, these charges will come into
effect from 15
th Aug 2024.
1. Fair usage charges will be applicable on fuel & utilities category:
Category Condition Fair Usage Charges
Fuel Spends
(MCC: 5172, 5541,
5542, 5552, 5983)
If aggregate Fuel spends is less than:
50% of credit limit or Rs.50,000, whichever is
lower, within a calendar month
No charges
If aggregate Fuel spends is more than:
50% of credit limit or Rs.50,000, whichever is
lower, within a calendar month
1% charge on aggregate fuel
spends exceeding the condition
Utility Spends
(MCC: 4900)
If aggregate Utility spends is less than:
Rs.50,000 within a calendar month No charges
If aggregate Utility spends is more than:
Rs.50,000 within a calendar month
1% charge on aggregate utility
spends exceeding the condition
Please Note:
• Fair usage charges are not applicable on AU Corporate, and Purchase Credit Cards
• Fair usage charges are not applicable on international transactions
• GST will be applicable on all the charges at rates as notified by the Government of India, presently @
18% is applicable on all fees, interest and other charges and is subject to change.
• Fair Usage Fee for these transactions of any calendar month will be charged before 15th of the next
calendar month. e.g. Charges for fuel and utility transactions (eligible for fee levy) in August will be
charged before 15th September.
• The above-mentioned merchant categories (MCC codes) are decided/provided by VISA/Rupay, or any
other network provider and the above-mentioned charges are applied on the transactions identified
on the said MCCs.
• Please refer below tables for illustration of charges:

illustration of Fair Usage Charges on fuel spends (in INR)
(A) Credit Limit (B) Fuel Spends
(C) Fair usage charges exempted
monthly fuel spends
(up to lower of 50% of Credit
limit or Rs.50,000)
(D) Fair usage
charge eligible
amount = B-C
Charges
(excl. GST)
= 1%*D
80000 40000 40000 0 0
80000 60000 40000 20000 200
120000 50000 50000 0 0
120000 80000 50000 30000 300
300000 50000 50000 0 0
300000 75000 50000 25000 250
illustration of Fair Usage Charges on utility spends (in INR)
(A) Credit Limit (B) Utility
Spends
(C) Fair usage charges exempted
monthly utility spends
(up to Rs.50,000/month)
(D) Fair usage
charge eligible
amount = B-C
Charges
(excl. GST)
= 1%*D
80000 40000 50000 0 0
80000 60000 50000 10000 100
120000 50000 50000 0 0
120000 80000 50000 30000 300
300000 50000 50000 0 0
300000 75000 50000 25000 250
2. Revision of Annualized Percentage Rate (APR):
APR of 3.75% per month (45% per annum) will be applicable on all AU Credit Cards excep