AU Bank Vetta credit card comes with a joining and annual fee of Rs 2999+GST. But, you can get this LTF if you are a government or select MNC employee. In AU Bank’s credit card offerings, the Zetta is positioned below the Zenith+ and Zenith. The AU Vetta offers a reward rate of 0.5% to 2.5% depending on the spend category. We also have quarterly and yearly milestone rewards on meeting the target spends. The benefits on the AU Bank Vetta credit card include railway lounge access, domestic & international airport lounge access and a fuel surcharge waiver.
Fees
AU Bank Vetta Credit Card Lifetime Free (LTF) Offer
AU Bank Vetta credit card is issued as Lifetime Free (LTF) for the government and employees of select MNCs.
| Joining Fee | Rs 2999+GST or LTF |
| Joining Fee Waiver | Rs 40000 spend within 90 days of card setup |
| Welcome Benefit | Rs 2000 voucher on Rs 30000 spend within 60 days |
| Annual Fee | Rs 2999+GST or LTF |
| Annual Fee Waiver | Rs 1.5 Lakhs Spend in a membership year |
Rewards
| Spend Category | Rewards |
|---|---|
| Grocery, Departmental Stores | 4 RP/Rs 100 ~1% return |
| Other Spends | 2 RP/Rs 100 ~0.5% return |
| Insurance, Utility and Telecom Spends | 1 RP/Rs 100 ~0.25% return |
| Birthday Spends | 1000 RP on 1st transaction |
| EMI, Fuel, Rent, Education, Govt. Services, BBPS | No Rewards |
For a card charging Rs 2999 annual fee, the reward rates are quite low. 0.25% to 1% is less than what LTF cards like the Amazon Pay ICICI Bank credit card offers.
Quarterly Milestone Rewards
- 500 bonus RP on spends of Rs 50,000 in a calendar quarter
- Additional 1000 bonus RP on spends of Rs 1 Lakh in a calendar quarter
1500 bonus RP is worth Rs 375. This adds an extra return of 0.375% to your spends. For spending Rs 1 Lakh in a calendar quarter, the rewards need to be much higher!
Yearly Milestone Rewards
- Rs 1000 gift voucher on Rs 2.5 Lakhs spend in a membership year
This adds an extra return of 0.4%. Including all milestone rewards, the max return will still be less than 2% which is less than what many cashback credit cards offer.
Rewards Redemption
The reward points can be redeemed on the AU Rewardz portal. Each RP is worth 25 paise for all redemptions except vouchers. For vouchers, the value of each RP is 20 paise. There is a reward redemption charge of Rs 99+GST.
- Vouchers: Many options including Amazon Pay gift vouchers
- Merchandise: Not recommended as we get a better value in other options
- Mobile/DTH Recharge
- Flight/Hotel/Bus booking
- Movies
- Airmiles: Only Vistara at 4 RP = 1 Airmiles ratio
Complimentary Airport and Railway Lounge Access
- Domestic Airport Lounge Access: 1 complimentary visit/quarter directly on the Visa card
- International Airport Lounge Access: 1 complimentary visit/quarter with Priority Pass
- Railway Lounges in India: 2 complimentary visits/quarter
Other Benefits
- Fuel Surcharge Waiver: 1% for transactions between Rs 400 and Rs 5000. Maximum of Rs 250 per statement cycle.
- Forex Markup: 2.99%+GST ~3.5%
Final Thoughts
If you are getting the Vetta as LTF, then it is a decent card to have. You can use it for railway and airport lounge access. But, if you are getting this with the annual fee, then it is not worth it.
We have many LTF credit cards that can give you a better return on your spending. Some options are SBI Cashback, Axis Ace, or even Flipkart Axis Bank credit card. All these come with a lower annual fee.
AU Bank Vetta Credit Card
2 thoughts on “AU Bank Vetta Credit Card Review”
Hey, recently I checked the Rewardz section, and the vouchers are Rs. 500/- for 2500 points. Almost all vouchers seem to have equivalent value (5 RP per Rupee, instead of 4 RP). This makes each RP worth 20 paise. Please verify and update!
Yes, vouchers now give you a value of 20 paise per RP. Other options still give you 25 paise per RP.