The AU Small Finance LIT Credit Card is India’s first customizable credit card that allows users to select the features they want and pay only for those, offering a personalized experience unlike any other card on the market. Unlike traditional credit cards, which come with a set package of features and benefits, the LIT Credit Card from AU Small Finance Bank provides flexibility and control to the cardholder. This innovative approach addresses the common issue of customers ending up with multiple credit cards, each with different features and annual fees, by allowing them to tailor the card’s benefits to their specific needs.
With the AU Bank LIT Credit Card, users can access a variety of benefits by selecting and paying only for the features they need through the AU 0101 App. This selection is valid for 90 days, giving users the freedom to change features as their needs evolve. The card offers numerous opportunities to earn rewards, such as 1 Reward Point for every Rs. 100 spent on retail purchases. Additionally, depending on the chosen features, cardholders can earn accelerated Reward Points, like 10X or 5X, on specific spending categories.
Beyond rewards, the LIT Credit Card provides substantial cashback benefits tailored to the selected features. It also offers complimentary memberships to premium brands like Zee5, Amazon Prime, and others, adding significant value to entertainment and lifestyle expenses. For frequent travelers, the card includes attractive cashback offers and complimentary airport lounge access, enhancing travel experiences.
In summary, the AU Small Finance LIT Credit Card is an innovative option that puts the power of customization in the hands of the user, allowing for a more tailored and cost-effective credit card experience. Explore more about the unique benefits and features of this customizable credit card in the detailed review below.
Overview
| Feature | Details |
|---|---|
| Card Type | Cashback and Rewards Credit Card |
| Reward Rate | Up to 5% cashback on select categories |
| Reward Value | Direct cashback credited to the account |
| Annual Fee | ₹499 + GST (waived on spending ₹1,00,000 annually) |
| Unique Selling Points | Customizable rewards, high cashback rates, fuel surcharge waiver |
| Rating (out of 5) | 4.5 |
AU Bank LIT Credit Card Welcome Benefits
| Welcome Benefit | Details |
|---|---|
| Cashback Offer | ₹500 cashback on spending ₹5,000 in the first 60 days |
AU Bank LIT Credit Card Charges
| Fee Type | Details |
|---|---|
| Joining Fee | ₹499 + GST |
| Renewal Fee | ₹499 + GST (waived on spending ₹1,00,000 annually) |
| Finance Charges | 3.49% per month (41.88% per annum) |
| Late Payment Fee | ₹100 to ₹1,300 based on the outstanding balance |
| Foreign Transaction Fee | 3.5% + GST |
| Rent Payment | 1% fee using third-party apps like CRED, Paytm |
| Education | 1% fee using third-party apps |
| Utilities | No additional charges |
AU Bank LIT Credit Card Benefits
This card provides various benefits:
- Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between ₹400 to ₹5,000.
- Interest-Free Credit: Up to 48 days of interest-free credit from the date of purchase.
- EMI Options: Convert big purchases into easy monthly installments.
Rewards
| Spend Category | Reward Rate |
|---|---|
| Online Shopping | Up to 5% cashback |
| Dining and Entertainment | 4% cashback |
| Travel and Groceries | 3% cashback |
| Reward Value | Direct cashback credited to the account |
| Rewards Expire in | Never |
Milestone Benefits
| Spending Milestone | Reward Earned |
|---|---|
| Annual Spend of ₹1,00,000 | Annual fee waiver |
Redemption
Cashback earned is automatically credited to the cardholder’s account and can be used to offset the statement balance.
Gift Vouchers Available
| Category | Brands |
|---|---|
| Shopping | Amazon, Flipkart |
| Electronics | Croma |
| Travel | MakeMyTrip, Cleartrip |
| Dining | Zomato, Swiggy |
| Entertainment | BookMyShow |
Airport Lounge Access
| Access Type | Details |
|---|---|
| Domestic Lounges | Limited access available |
| International Lounges | Not available |
Forex Markup Fee
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST on all international transactions |
AU Bank LIT Credit Card Eligibility
To apply for the AU Bank LIT Credit Card, applicants must meet the following criteria:
- Age: 18 to 65 years
- Income: Stable income required
- Documents Required: Aadhar Card, PAN Card, proof of income (latest bank statements/salary slips, ITR), and residence proof.
AU Bank LIT Credit Card Review
The AU Bank LIT Credit Card stands out due to its customizable reward structure, allowing users to tailor their cashback and reward points to align with their spending habits. With categories like online shopping, dining, and travel offering up to 5% cashback, this card provides substantial savings opportunities. The annual fee is reasonable and can be waived based on spending criteria, making it an affordable choice for regular users. The ability to earn rewards across a broad range of categories and the fuel surcharge waiver further enhance its appeal.
Overall Rating: 4.5
- Benefits: 4.7
- Fees: 4.3
- Customer Service: 4.4
Pros and Cons
| Pros | Cons |
|---|---|
| Customizable rewards tailored to preferences. | Limited lounge access. |
| High cashback rates on selected categories. | High foreign transaction fee. |
| Fuel surcharge waiver. | Annual fee applicable if spend criteria not met. |
Similar Cards to AU Bank LIT Credit Card
| Feature | AU Bank LIT Credit Card | HDFC Millennia Credit Card | SBI SimplyCLICK Credit Card |
|---|---|---|---|
| Annual Fee | ₹499 + GST | ₹1,000 + GST | ₹499 + GST |
| Lounge Access | Limited domestic access | 8 complimentary domestic lounge visits | Not available |
| Reward Rate | Up to 5% cashback | 5% cashback on Amazon, Flipkart, etc. | 10X rewards on online spends |
| Reward Value | Direct cashback credited to account | Cashback credited as statement credit | 4 points per ₹100 spent |
| Special Benefits | Customizable rewards, fuel surcharge waiver | High rewards on popular online stores | High rewards on online partners |
Relevant Links
To help our readers navigate our website and find additional relevant content, here are some internal links you might find useful:
For more detailed information about AU Bank credit cards and other financial products, you can visit the official AU Bank website.
FAQ
What is the annual fee for the AU Bank LIT Credit Card?
The annual fee is ₹499 + GST, which is waived upon spending ₹1,00,000 annually.
How can I earn cashback with the AU Bank LIT Credit Card?
You can earn up to 5% cashback on categories like online shopping, dining, and entertainment.
How is the cashback credited for the AU Bank LIT Credit Card?
Cashback is automatically credited to your card account and can be used to offset your statement balance.
Does the AU Bank LIT Credit Card offer any fuel benefits?
Yes, the card offers a 1% fuel surcharge waiver on transactions between ₹400 to ₹5,000.
What are the milestone benefits of the AU Bank LIT Credit Card?
The card offers an annual fee waiver upon spending ₹1,00,000 in a year.
Is the AU Bank LIT Credit Card worth it for cashback seekers?
Absolutely. With customizable rewards, high cashback rates, and fuel surcharge waiver, this card provides excellent value for those looking to maximize savings on their daily spends.
