look news india
New Delhi. If you use credit card for utility bill payment like mobile, electricity, gas, water, then you need to be cautious. Actually, private sector AU Small Finance Bank has shocked its credit card users. The bank has decided to charge 1 percent extra on payment of utility bill through credit card (AU Small Finance Bank Credit Card). Earlier, credit card customers of HDFC Bank, Yes Bank and IDFC First Bank also have to pay extra charge on payment of utility bill after a certain limit.
This rule of AU Small Finance Bank will come into effect from August 15, 2024. This means that 1% extra charge will have to be paid on payment of utility bills after a certain limit using AU Small Finance Bank credit card. Apart from this, additional charge will also have to be paid on fuel expenses after a certain limit.
Yes Bank to levy surcharge on payment of utility bills above Rs 50,000
AU Small Finance Bank will charge 1% extra on bill payments above Rs 50,000 in a statement cycle through credit card. However, no extra charge will be levied on bill payments below Rs 50,000 in a statement cycle.
You will be charged extra on fuel expenses beyond a certain limit
If the total fuel spend in a statement cycle exceeds 50% of your credit limit or Rs 50,000 (whichever is lower), a 1% charge will be levied on total fuel spend above this limit.