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CheQ AU

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SwipeYield Review

India’s first LED-powered credit card that offers up to 6% effective value on premium digital brands and includes a linked RuPay variant for UPI "Scan & Pay" rewards.

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CheQ AU

By AU Small Finance Bank

4.2
SwipeYield Rating
Joining Fee₹499 + GST
Annual Fee₹499 + GST
Fee Waiver:
  • LTF for RuPay CC, one‑time charge of ₹999 for LED Card Experience
  • Annual fee is reversible on annual spends of ₹3 Lakhs
🎁
Reward TypeReward Points
🌐
NetworkVisa, RuPay

Rewards

Base

0.5%

Accelerated

6% (on Partner Brands and Travel, Utility Bills via CheQ App)

Lounge Access

You must spend a minimum of ₹50,000 in a calendar quarter to be eligible for 1 complimentary domestic lounge access in the next calendar quarter.

Pros

  • High Value on Power Brands: Offers up to 6% effective value (12% points) on Apple, Amazon, Flipkart, Zomato, and BigBasket.
  • Dual-Network Advantage: You get a Visa card for the LED tech/global use and a Lifetime Free RuPay card for UPI.
  • The LED charges are waived for early bird applicants till 31 May 2026

Cons

  • Points are worth 50% less (₹0.25 vs ₹0.50) if redeemed for credit card bill payments instead of travel.
  • Accelerated rewards are capped at 12,000 points per month, limiting high-spenders.

Eligibility

  • Self Employed: 25 years to 65 years
  • Salaried: 21 years to 60 years