Does AU Small Finance Bank offer credit cards for business use, as opposed to personal credit cards? What are the distinctive benefits of these business credit cards, such as expense management tools, higher credit limits, business-related rewards, or discounts on business services? Are there specific requirements for businesses to apply for these cards, and what features do these cards provide to help manage business finances effectively?
The corporate organization and business reward business credit cards are the two offered by AU Small Finance Bank. Apart from the 1% reward on repayments, the business cashback card provides quick loans, free train lounge visits, insurance, a monthly fee waiver, and 48-day interest-free credit.
Both spending management and business operations can benefit greatly from the corporate card. With their advantages, safeguards, and financial flexibility, both cards aim to support business growth and sustainability.
AU Corporate Credit Card:
Tailored for Corporates
The AU Corporate Credit Card is designed to assist businesses in managing employee expenses efficiently. Key features include:
• Lifetime Free Card: No annual fees for corporates.
• Fuel Surcharge Waiver: 1% waiver on fuel transactions between ₹400 and ₹5,000 (maximum ₹200 per statement cycle).
• Complimentary Lounge Access: Two complimentary lounge accesses per calendar quarter within India.
• Web-Based Expense Management: An in-built authorization matrix to automate reconciliation, monitoring, and management of spending.
• Complimentary Insurance Cover: Includes air accident cover of up to ₹50 lakhs, loss of card liability cover, and travel-related insurance benefits.
Source: AU Small Finance Bank Corporate Credit Card Features and Benefits.
AU Business Cashback Credit Card:
Designed for Small and Medium Enterprises (SMEs)
The AU Business Cashback Credit Card offers features tailored to the needs of SMEs:
Cashback Rewards: Up to 1% cashback on total dues repayment, with a maximum cashback of ₹1,000 per statement cycle.
Fuel Surcharge Waiver: 1% waiver on fuel transactions between ₹400 and ₹5,000 (maximum ₹200 per statement cycle).
Complimentary Railway Lounge Access: Eight complimentary lounge accesses per annum at railway stations using your VISA/RuPay card.
Comprehensive Insurance Cover: Includes coverage for cash in transit, cash at counter, fire, burglary, public liability, and air accident cover.
Source: AU Small Finance Bank Business Cashback Credit Card Features
Why Choose AU Business Credit Cards?
• Simplified Expense Management: Separate business and personal expenses, making it easier to manage finances and prepare for tax season.
• Rewards and Cashback: Earn rewards and cashback on everyday business expenses, such as office supplies, travel, and telecommunications.
• Higher Credit Limits: Business credit cards often come with higher credit limits than personal cards, providing flexibility to manage business expenses.
• Build Business Credit: Using a business credit card responsibly can help establish and build your business credit history.
Source: AU Small Finance Bank Business Credit Cards Benefits & Tips
For more detailed information and to apply for a business credit card, you can visit the official AU Small Finance Bank website:
https://www.aubank.in/personal-banking/commercial-credit-cards