M16S / AU Small Finance Bank / CheQ AU Credit Card
entry · cobrand, lifetime-free, rewards, upi
CheQ AU Credit Card
The CheQ AU Credit Card charges no annual fee and no joining fee. Its base return is 0.5% (2 CheQ points per Rs 200 (1%) on other eligible spends). The forex markup is 3.49%. It lists no airport lounge access. Read from the issuer's own documents on 31 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- 0.5%
- Forex markup
- 3.49%
- Interest
- 3.75%a month
What changed on this card
- AU Bank changes fuel fair usage charge to 1% on all fuel spend, Jul 2026
From 1 July 2026 there is no charge if each fuel transaction is under Rs 10,000 and monthly fuel spend is under Rs 25,000. Above either limit, AU charges 1% on the entire monthly fuel spend. Source: AU Small Finance Bank, au.bank.in, read 28 Oct 2026
- AU Bank adds 1% charge on transport spends above limits, Jun 2026
From 14 June 2026 AU charges 1% on the entire monthly transportation spend (MCC 4111, 4112, 4784) when it exceeds 50% of the credit limit or Rs 25,000, whichever is lower. IRCTC, some travel partners and ixigo AU cards are excluded. Source: AU Small Finance Bank, au.bank.in, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Fee notes | Lifetime free. One-time Rs 999 + GST fee for the LED (Visa) card. Applicants get one Visa and one RuPay card; both close together. |
Rewards
| Reward currency | CheQ Points |
|---|---|
| Base earn | 2 CheQ points per Rs 200 (1%) on other eligible spends |
| Base return | 0.5% |
| Point value | 2 points = Rs 1 on flights, hotels and gift cards; 4 points = Rs 1 against bill payment |
| Accelerated earn | 24 points per Rs 200 (12%) on Amazon, Flipkart, Zomato, BigBasket, Apple (Unicorn), CheQ Travel and utility bills paid in the CheQ app; 10 points per Rs 200 (5%) on online shopping, travel, food delivery, online grocery; 5 points per Rs 200 (2.5%) on CheQ UPI with the RuPay card |
| Caps | 12,000 CheQ points per month on accelerated categories; no cap on base |
| Spends that earn nothing | Fuel, education, gold/jewellery, gambling, insurance, rent, wallet loads, government, EMI, cash, digital gaming, utilities and UPI outside the CheQ app, transactions under Rs 200 |
| Points expiry | 2 years from credit date |
| Reward notes | No redemption fee; redemption only in the CheQ app. base_return_pct = 2 points per Rs 200 at 2 points per rupee = 0.5%. The headline 12%/5%/2.5%/1% figures are in points, so rupee value is half that on travel and vouchers and a quarter against the bill. |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Forex markup | 3.49% |
| Fuel surcharge waiver | 1% waiver, cap Rs 150 per statement month (Rs 500-5,000 txns per KFS) |
| Other freebies | Air accident cover Rs 50 lakh; credit shield Rs 5 lakh; purchase protection Rs 25,000; zero-fee Xpress EMI; Visa variant: 2 MakeMyTrip domestic seat selections (up to Rs 350), Times Prime annual membership, Alaya Stays stay-3-pay-2 |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | 15% of Total Amount Due, min Rs 10, max Rs 1,300 (as printed in MITC v2.18 and KFS v1.9) |
| Cash advance fee | 2.5% of amount withdrawn, min Rs 500 |
| Eligibility | Resident Indian; salaried 21-60, self-employed 25-65; add-on 18+. Criteria indicative; income not published. |
| Fine-print notes | CheQ Rewards T&C PDF not read; exclusions are from the product page and the Card Member Agreement MCC list. Fair-usage fees (KFS v1.9, 30 Sep 2026): 1% on fuel spend above the lower of 50% of limit or Rs 50,000 a month; 1% on utility spend above Rs 50,000 a month; 1% on transportation spend above the lower of 50% of limit or Rs 25,000 a month (from 14 Jun 2026); 1% (min Rs 99) on international rent and education. |
Questions
- What is the annual fee of the CheQ AU Credit Card?
- No annual fee.
- Does the CheQ AU Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the CheQ AU Credit Card?
- 3.49% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the CheQ AU Credit Card?
- Fuel, education, gold/jewellery, gambling, insurance, rent, wallet loads, government, EMI, cash, digital gaming, utilities and UPI outside the CheQ app, transactions under Rs 200