The banking sector has undergone notable changes recently, particularly in the realm of AU credit cards. With growing competition and evolving market trends, banks are continually updating their offerings to remain attractive to customers. In line with this trend, AU Bank has revised its ixigo AU Credit Card reward program, reflecting a broader pattern of reward devaluation in the industry.
Key Changes to the ixigo AU Credit Cards
AU Bank has updated its rewards policy, removing the ability to earn reward points on certain transaction categories. Starting December 22, 2024:
1. No Reward Points on Foreign Transactions:
Although the ixigo AU Credit Card continues to offer a 0% forex markup on international transactions, cardholders will no longer earn reward points on any spending made abroad.
2. Exclusion of Specific Categories:
Transactions in select categories—such as education, government payments, rent, and payments made via the Bharat Bill Payment System (BBPS)—will no longer qualify for reward points.
Eligible Categories for Reward Points
Despite these exclusions, AU Bank will continue to offer reward points for transactions related to utilities and insurance payments, allowing cardholders to earn benefits in these areas.
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For a detailed breakdown of the affected merchant categories and tips on maximizing your rewards under the updated policy, continue reading.
| Merchant Categories | Merchant Category Code | Reward Points |
| Rent | 6513 | Nil |
| Education & Government | 8211, 8220, 8241, 8244, 8249, 8299, 9211, 9222, 9223, 9311, 9399, 9402, 9405, 9950 | Nil |
| BBPS | Not Applicable | Nil |
Earning Reward Points on Telecom/ Utility and Insurance Spends
Cardholders will still be able to earn reward points on utility, telecom, and insurance payments. Here’s how the reward points structure will work:
| Merchant Categories | Merchant Category Code | Reward Points |
| Utility & Telecom | 4812, 4814, 4899, and 4900 | 1 Reward Point for every ₹100 spent |
| Insurance | 5960 and 6300 | 1 Reward Point for every ₹100 spent, capped at a maximum of 100 Reward Points per transaction |
AU Bank has announced updates to the reward points policy for the ixigo AU Credit Card, introducing significant changes for cardholders. Effective December 22, 2024, reward points will no longer be earned on international transactions and specific spending categories, such as rent and educational expenses.
While these changes may impact earning potential in certain areas, cardholders can still accrue reward points on payments for utilities, telecom, and insurance. Staying informed about these updates will help users maximize the benefits of their credit cards.
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