Credit cards provide handy payment choices when traveling globally, avoiding the need for currency translation and carrying large amounts of cash. However, many card issuers charge FX markup fees on overseas credit card transactions, in addition to a recent 20% TCS.
AU Bank offers its customers an exciting opportunity to earn up to Rs. 1947 payback by commencing foreign expenditures of at least Rs. 1.7 Lakhs within the promotional period. This promotion includes transactions done with both the primary and add-on credit cards, increasing consumer advantages. With AU Bank’s lucrative offer, you may simplify your abroad shopping by eliminating costs and maximizing cashback rewards.
Read on to know more about the offer in detail, and other terms and conditions related to it.
AU Bank Offer Details
All AU credit cards have the opportunity to receive a Rs. 1947 cashback rebate from August 1st to August 31st, 2023. Cardholders can get this unique offer by making overseas transactions totaling at least Rs. 1.7 Lakhs.
While there is no mandatory expenditure restriction, compliance with the FEMA Act of 1999 and transactions under the $250,000 LRS limit is required. The way to this benefit is straightforward: use your AU Bank credit card throughout the promotion’s period to take advantage of this limited-time offer.
Offer Eligibility Requirements
The following are the eligibility requirements for the cashback offer –
- The cashback offer on worldwide purchases is only available to AU Bank Retail credit cardholders, not corporate cardholders.
- All overseas transactions made with your card during the offer period qualify for the promotion.
- The offer also applies to Dynamic rupees Conversion (DCC) transactions involving international merchants but paid in Indian rupees.
- The promotion also applies to transactions initiated by add-on cardholders.
Offer Terms and Conditions
The following are the terms and conditions for the cashback promotion:
- Earned cashback will be credited to the cardholder’s account within 60 days after the offer’s conclusion.
- During the promotion period, eligible transactions do not include challenged charges, reversed transactions, or credits.
- This deal enhances current AU Bank credit card features.
- Transactions that are void are ineligible for the offer.
- If a cardholder discontinues membership within the offer term, the offer is rendered null and void.
- AU Bank maintains the right to bar businesses and customers who engage in fraudulent card use.
- The bank has the right to change or remove offer terms and conditions at any moment.
Bottom Line
This unique reward option is an excellent benefit for AU Bank credit cards planning an overseas trip. You can win Rs. 1947 if you spend a minimum of Rs. 1.7 lakhs on overseas costs between August 1st, 2023 and August 31st, 2023.
This refund lessens the impact of government-imposed TCS and card companies’ FX markup fees. It is critical to thoroughly analyze the offer’s terms and conditions to ensure compliance with the $250,000 LRS limit. If an overseas trip is on the horizon, take advantage of this unique opportunity as an AU Bank credit cardholder.