AU
AU Small Finance Bank CheQ Credit Card
Good fit for online shopping across multiple brands — ₹499 annual fee.
What you'd do with it
- Good fit when partner brands is a regular spend category for you.
- Works when a ₹499 annual fee is acceptable for the accelerated earn rates.
- Supports UPI Supports UPI via RuPay network.
Annual fee ₹499 per year
Forex markup 3.49% high
Lounge access 0 no lounge
Rewards / ₹100 12 pts up to · ₹100 on Partner Brands
The catch Base earn is 1 points per ₹100, but point value is not fully resolved. Check redemption value before comparing it with cashback cards.
- Waiver condition missing
- Welcome benefit timing may vary
- Welcome benefit listed
- Annual fee known
- Forex markup known
At a glance
Snapshot · usage · fitFast facts
- Annual fee
- ₹499 lower than 74 of 112 cards
- Joining fee
- ₹499
- Forex markup
- 3.49% lower than 66 of 111 cards
- Lounge access
- — domestic lounge
- Reward rate
- Up to 12 pts / ₹100 on Partner Brands
Good fit for
- Supports UPI
Still worth it?
Evidence-backed snapshotGood fit if
- Annual fee is relatively low at ₹499.
Verify before applying
- Annual fee known
- Waiver condition missing
- Forex markup known
- No lounge access
- Welcome benefit listed
- Welcome benefit timing may vary
- Monthly interest known
- Welcome benefit timing and claim process.
- Lounge spend criteria, guest rules, and visit caps.
- Annual fee waiver terms and eligible spend exclusions.
- Issuer fees, GST, finance charges, and late-payment terms.
- Reward terms to verify: base earn is 1 points per ₹100. These spends do not earn reward points: Rent, Education, Government payments, and Wallet loads, and 9 more. Still verify remaining caps, redemption rules, and point value.
Next best move
Is this good for lounge access?
Lounge access is not fully verified. Check issuer terms before relying on this card for lounge access.
Is this good for international spends?
Forex markup is 3.49%, so frequent international spends may be costly.
Is the annual fee easy to recover?
Value depends on usage and waiver terms. GST may apply on the annual fee.
When do welcome benefits arrive?
A welcome benefit is listed. Included items: EazyDiner. Timing may depend on joining fee payment, card activation, first eligible transaction, or issuer processing.
Watch outs
Before choosing this card- Reward value is not fully resolved in the current snapshot.
Reward reality
Point value · limits · exclusionsPoint valueNot published by issuer — varies by redemption
Base earn1 points per ₹100
Best verified lanePartner Brands (app only)12 pts / ₹100
Exclusions/no-earnThese spends do not earn reward points: Rent, Education, Government payments, and Wallet loads, and 9 more.
Reward rules
Structured earn rates · eligibility · caps when they bindScopeRateEligibilityLimit
Partner Brands (app only)12 pts / ₹100app only · 12% CheQ points (24 points per ₹200) on partnered brands — Amazon, Fl…—
Everyday Key Categories (app only)5 pts / ₹100app only · 5% CheQ points (10 points per ₹200) on key everyday categories — food…—
Upi2.5 pts / ₹1002.5% CheQ points (5 points per ₹200) on UPI transactions made via the…—
Domestic spend — 1% CheQ points (2 points per ₹200) on all other eligible spends not c…1 pt / ₹1001% CheQ points (2 points per ₹200) on all other eligible spends not c…—
Estimated usage
Example usage at this monthly spend
₹
- At this monthly spend, you'd earn: Estimated using base earn (1 pt / ₹100). ~500 pts/month. Partner/category bonuses not included.
- Fee waiver conditions unclear — verify
- Forex cost ~₹1,750 per ₹50k international spend
Illustrative only, using current base rates and snapshot data.
Benefits & charges
Side-by-side factsBenefits
Lounge Access
- Domestic (cardholder)
- —
- International (cardholder)
- Not included
Rewards
- Base earn
- 1 pt / ₹100 value depends on redemption
Fees & charges
Fees
- Monthly interest rate
- 3.75% / month
- Annual fee
- ₹499
- Joining fee
- ₹499
International Use
- Forex markup
- 3.49%
Single source · verify on issuer site
Where to verify
- Product tier
- Entry-level
Fuel Benefits
At the pumpNo verified fuel benefit available.
Annual fee break-even math
When does this card pay for itselfAnnual fee is ₹499 and a clean break-even threshold is not clearly specified in the current snapshot.
Compare with similar cards
Similar tier · similar benefitsThe fine print
Caps · exclusions · sources · last refreshThese spends do not earn reward points.
Payments
- Rent
- Education
- Government payments
Financial
- Wallet loads
- Insurance premiums
- Fuel
Shopping
- Online gaming
Other
- UPI from other TPAP apps done through the RuPay variant on partner me…
- UPI from other TPAP apps done through the RuPay variant on these MCCs…
- UPI through the RuPay variant done on any other TPAP is not eligible…
- Exclusion: Jewellery & Gold (MCC 5944, 5094)
- Exclusion: converted to EMIs
- +1 more in this group
- Annual fee: ₹499.
- Forex markup currently listed at 3.49%.
- — domestic lounge.