CheQ AU Credit Card

AU Small Finance Bank · Open to apply

A lifetime-free card (₹999 one-time for the LED Visa) issued through the CheQ app that pays CheQ Points: 12% on partner brands and on CheQ Travel and bill payments in the app, 5% on shopping, dining and travel categories, 2.5% on UPI in the app and 1% elsewhere, worth ₹0.50 a point on flights, hotels and brand vouchers.

Annual fee
₹0 a year
Joining fee
₹999 + GST
Base rate
Everything else, 1% (2 points per ₹200): 2 CheQ Points per ₹200 (about 0.5% at cash value)
Lounges
None on record
Forex markup
3.49%
Data
From bank documents, checked 6 Nov 2026

Main earn rates

  • Partner brands on the Visa card, 12% (24 points per ₹200): 24 CheQ Points per ₹200 (about 6% at cash value)
  • CheQ Travel and utility bills in the CheQ app, 12% (24 points per ₹200): 24 CheQ Points per ₹200 (about 6% at cash value)
  • Partner brands by UPI in the CheQ app on the RuPay card, 12% (24 points per ₹200): 24 CheQ Points per ₹200 (about 6% at cash value)
  • Shopping, dining, travel and grocery categories on the Visa card, 5% (10 points per ₹200): 10 CheQ Points per ₹200 (about 2.5% at cash value)
  • 5% (10 points per ₹200) on shopping, dining, travel and grocery by CheQ UPI on the RuPay card: 10 CheQ Points per ₹200 (about 2.5% at cash value)

Earns nothing on

  • No points on RuPay UPI spends made outside the CheQ app
  • No points on utility bills paid outside the CheQ app
  • No points on wallet, jewellery, rent, insurance, education, government, fuel, EMI, gaming and cash

Where the sources disagree

  • Accelerated cap period: The FAQ calls the 12,000 CheQ Points cap on accelerated rewards a monthly cap; member agreement 22.29 says per statement cycle. We use the statement cycle.
  • Utility bills outside the CheQ app: The reward terms give 1% on any category not in their exclusion list, which does not name utilities; the FAQ lists "Utility payments made outside the CheQ app" among spends with no rewards. We follow the FAQ, which names the exclusion.

Terms the calculator does not value

  • The advertised "12%" is 24 CheQ Points per ₹200, and the page values 2 CheQ Points at ₹1 for flights, hotels and brand vouchers, so the value is 6% (and 3% on bill payments at 4 points a rupee), not 12%. The rates are entered as points and valued at those redemption rates.
  • On the RuPay card the 12% on partner brands and the 5% on categories apply only to UPI spends made in the CheQ app, and the 12% to CheQ Travel and bill payments in the app; POS and online spends on the RuPay card earn the 1% base. The Visa card earns the 12% and 5% rates directly. The calculator values the better variant.
  • The partner-brand list is on the AU website and the CheQ app and may change; Apple products at Unicorn (online and in store) have no merchant here.

Sources

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