As competition grows and banks adapt to evolving market trends, they are introducing features and benefits to attract customers. In line with this, AU Bank has made updates to its AU ixigo Credit Card, reflecting a broader trend of devaluation in the banking sector.
AU Bank has revised its rewards program by discontinuing the accumulation of Reward Points for specific transaction categories. Cardholders will no longer earn Reward Points on international spending, rent payments, government services, or educational expenses. However, Reward Points will still be offered for transactions related to utilities and insurance payments. These changes will take effect on December 22, 2024.
No Reward Points for Foreign Transactions
While the ixigo AU Bank Credit Card continues to offer a 0% forex markup on international transactions, AU Bank has decided to remove Reward Points for foreign transactions. Starting December 22, 2024, cardholders will no longer earn rewards on international spending, a significant drawback for users who value the card for its international benefits.
Reward Points Removed for Certain Categories
Another major change is the removal of Reward Points for specific transaction categories, including education, government payments, rent, and BBPS (Bharat Bill Payment System). Below are the details of the impacted merchant categories:
| Merchant Categories | Merchant Category Code Reward | 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 |
Also read | GET AMAZON VOUCHERS ON INTERNATIONAL SPENDING WITH AXIS AFFLUENT CREDIT CARDS
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 introduced significant updates to the ixigo AU Credit Card rewards policy, effective December 22, 2024. These changes include the exclusion of Reward Points for international transactions and specific categories such as rent and educational expenses. While these adjustments may limit earning opportunities in certain areas, cardholders can still earn Reward Points on utility, telecom, and insurance payments. Staying informed about these updates is essential for users to maximize the benefits of their credit cards.
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