In-depth review
AU Kosmo Credit Card
A lifetime-free RuPay card co-created with Kiwi, the UPI-on-credit app — its whole pitch is earning Kiwi rewards on every UPI scan-and-pay, with a small fuel-surcharge waiver alongside. If you already live in the Kiwi app there's no downside to holding it; if you don't, the app-tied, campaign-variable rewards make it a niche pick rather than a dependable category card.
Read the full review →Key features
What this card is built to do — the highlights that actually matter.
1.5% on Other
1.5% Kiwi cashback on UPI Scan & Pay (0.5% on online spends); up to 5% on ₹1.5L+ spends with Kiwi Neon membership. Variable by campaign; base value on other spends
Lifetime Free
No annual fee — ever. Keep this card long-term without any recurring cost.
Fuel Surcharge Waiver
1% waiver on fuel transactions, capped at ₹100/month
UPI Linked
Pay UPI QR codes from your credit line. What UPI payments earn can depend on the app you pay through, so check the rewards details.
💰 CASHBACK STRUCTURE
How much you earn back on each type of spend — no points math required.
1.5%
Base rate (all other spends)
- 1.5% on all other spends — no restrictions
For UPI-native users of the Kiwi app who want a zero-fee credit card that rewards scan-and-pay through the app they already use.
Full reward structure
What you earn on every rupee, per spend category — as of 11 Oct 2026.
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Other | cashback | 1.5% | — |
Other: 1.5% Kiwi cashback on UPI Scan & Pay (0.5% on online spends); up to 5% on ₹1.5L+ spends with Kiwi Neon membership. Variable by campaign; base value on other spends
Earns nothing on: Rent · Education · Government & Tax · Insurance · EMI Conversions · Fuel · Cash Advances · BBPS
These spends earn no rewards at all — not a reduced rate, and not the base rate. They are also normally left out of any milestone or fee-waiver calculation.
Fees & charges
The numbers that matter beyond rewards — verify on the issuer site before applying. Fees below are shown inclusive of 18% GST, as of 11 Oct 2026.
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | Lifetime free |
| Joining fee (incl. 18% GST) | Free |
| Finance charge (APR) | 3.75% p.m. |
| Forex markup | 3.49% |
| Fuel surcharge waiver | 1%, cap ₹100 |
Perks & benefits
Estimated annual value beyond rewards — ~₹600/yr in total.
1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, capped ₹100 per cycle
Should you get it?
- Best for: UPI-native Kiwi app users, Younger spenders wanting a zero-fee UPI rewards card
- Entry tier — great for first-time and lower-spend users.
- Strongest value if you spend heavily on everyday spends (1.5% back).
Pros & cons
✓ Pros
- Lifetime free with Kiwi rewards on UPI scan-and-pay
- Up to 5% on ₹1.5L+ spends with a Kiwi Neon membership
- 1% fuel surcharge waiver up to ₹100, RuPay/UPI-native
✕ Cons
- Rewards are app-tied to Kiwi and vary by campaign
- Earn is less predictable than a fixed-rate cashback card
- Value depends on transacting through the Kiwi app
Eligibility & documents
Documents required
- 📄PAN card
- 📄Aadhaar / valid address proof
- 📄Latest 3 months bank statement
- 📄Income proof — salary slips (salaried) or ITR (self-employed)
- 📄Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
- 🎁Kiwi rewards / cashback within the app
- 🎁Online rewards catalogue (vouchers, merchandise)
- 🎁Statement credit / cashback adjustment
What your Cashback are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Direct cash adjustment — no conversion
Rewards are earned through the Kiwi app and vary by campaign, so the earn is less predictable than a fixed-rate cashback card.
Frequently asked questions
Is the AU Kosmo Credit Card lifetime free?
What does it earn?
How is it linked to UPI?
How has the AU Kosmo Credit Card changed over time?
Has the AU Kosmo Credit Card been devalued recently?
When did the AU Kosmo Credit Card's fees last change?
How did the AU Kosmo Credit Card change in 2026?
The bottom line
A free, UPI-first rewards card. If you already use Kiwi for UPI-on-credit, Kosmo makes those scan-and-pay spends earn — and being lifetime-free, there is no downside to holding it. The rewards are variable and app-tied, so treat it as a UPI companion rather than a category card.
How this page was built
Counted from this card’s own record: 1 earn rule, the spends listed as earning nothing and 1 recorded perk.
Last updated 11 Oct 2026.
Sources & verification
Fees, reward rates, and benefits for the AU Kosmo Credit Card are taken from AU Small Finance Bank's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page. Last updated 11 Oct 2026. Reviewed by Devchandra Sah. Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for AU Small Finance Bank. All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
Similar & related cards
Other cards worth comparing before you apply.
AU InstaPay Credit Card
Same tier with similar rewards
Roarbank RuPay Credit Card
Comparable UNITY option
super.money superCard (Utkarsh SFB)
Comparable UTKARSH option
slice UPI Credit Card
Comparable SLICE option
SBM ZET Credit Card
Comparable SBM option
Axis Bank SUPERMONEY RuPay Credit Card
Comparable AXIS option
Read more
Guides and reviews related to this card.
AU Kosmo Credit Card
A lifetime-free RuPay card co-created with Kiwi, the UPI-on-credit app — its whole pitch is earning Kiwi rewards on every UPI scan-and-pay, with a small fuel-surcharge waiver alongside. If you already live in the Kiwi app there's no downside to holding it; if you don't, the app-tied, campaign-variable rewards make it a niche pick rather than a dependable category card.
ixigo AU Credit Card
A lifetime-free travel co-brand built around the ixigo app — 10% off flights and hotels (up to ₹3,000 each) and no payment-gateway charge on train bookings. Because it costs nothing to hold, there's no break-even to clear, and the train-booking saving alone can justify it for regular rail travellers. Just know the discounts only fire when you book through ixigo — this is a companion card, not a primary.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2025 · last change Jul 2026
2026
- ▼ FeeEffective 1 Jul 2026
Fuel fair-usage terms tightened — trigger halved, levy on the whole aggregate
1% fair-usage charge once monthly fuel spends exceeded 50% of the credit limit or ₹50,000→1% on the entire aggregate once a single fuel transaction exceeds ₹10,000 or monthly fuel spends exceed ₹25,000
From 1 July 2026 AU tightened its fuel fair-usage charge: the trigger dropped from ₹50,000 of aggregate fuel spend in a calendar month to ₹25,000 (or a single fuel transaction above ₹10,000), and the 1% charge is now levied on the entire aggregate fuel spend for the month rather than the portion above the threshold. Fair-usage charges do not apply to international transactions. The complimentary fuel-surcharge waiver bands are unchanged.
Verification: AU Small Finance Bank ↗ · Confidence: High
- ▼ FeeEffective 14 Jun 2026
New 1% fair-usage charge on transportation spends
No transportation fair-usage charge→1% on the entire aggregate once monthly transportation spends exceed 50% of the credit limit or ₹25,000, whichever is lower
From 14 June 2026 AU levies a 1% fair-usage charge when aggregate transportation spends (MCC 4111, 4112 and 4784 — local commuter transport, passenger rail and tolls) in a calendar month exceed 50% of the credit limit or ₹25,000, whichever is lower. The charge applies to the entire aggregate transportation spend for the month, not just the excess. IRCTC and select marquee travel partners are excluded, international transactions are out of scope, and AU exempts the ixigo AU co-brand variants entirely. This charge is separate from (and adds to) the April 2026 removal of reward-point earning on transportation MCCs.
Verification: AU Small Finance Bank ↗ · Confidence: High
- ▼ RewardEffective 10 Apr 2026
Transportation spends stop earning rewards
Transportation spends earned base cashback→No rewards on transportation MCCs
From 10 April 2026 AU stopped awarding rewards on 11 transportation merchant categories (MCC 4011/4111/4112/4121/4131/4411/4582/4784/4789/5561/7523 — rail, transit, tolls and similar) across its credit-card portfolio, so Kosmo no longer earns its base cashback value on those spends. Kosmo carries no lounge perk, so the same notice's airport-lounge spend-gate change does not apply to this card. (Dating note, 2026-08-06: AU's own surfaces carry both 1 April and 10 April 2026 as the effective date of the transportation change, and the bank-wide revision PDF originally cited for it now serves a lounge-only notice at the same URL; both dates are disclosed rather than silently picking one.)
Verification: CardAdvisor Research · Confidence: High
2025
- ◆ LaunchEffective 18 Sept 2025
AU Kosmo launches with Kiwi
AU Small Finance Bank partnered with UPI-on-credit app Kiwi to launch the lifetime-free, RuPay-network Kosmo card, enabling credit payments via any UPI QR code without a physical card. It targets first-time, digital-first users with Kiwi-app rewards on scan-and-pay spends, a complimentary health-insurance cover and a 1% fuel surcharge waiver.
Verification: AU Small Finance Bank ↗ · Confidence: High
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
</> Embed this timeline on your site
Free to use. Facts only — dates, changes and before/after values. Please keep the credit line below the frame: it's the only part search engines can see, and it's what we ask for in return.
“ Cite this timeline
Quoting a date or a before/after figure? Copy the HTML version — it credits the record with a working link.
Source: <a href="https://cardadvisor.in/cards/au-kosmo#value-timeline">AU Kosmo Credit Card value timeline</a>, CardAdvisor (CC BY 4.0).
Want to know if this beats your current card for your spending?
Applications are submitted to and decided by AU Small Finance Bank. CardAdvisor does not issue cards or process applications.