AU Bank LIT Credit Card
AU Bank LIT Credit Card
Fee
Joining Fee: NIL
Annual Fee: NIL
Ideal for
Movies, Travel, Fuel, Shopping
Reward Type
Reward Points
Welcome Benefits
None
About AU Bank LIT Credit Card
Imagine having a credit card that’s tailor-made just for you, with all the features you want and nothing you don’t. Well, that’s what the AU Bank LIT Credit Card is all about, and it’s the first of its kind in India!
Most credit card companies throw a bunch of cards at you, each with its own set of perks and confusion. Customers end up with a wallet full of cards, paying multiple fees every year. AU Bank with this LIT Card decided to change the game.
LIT credit card features are like choosing your own set of television channels where you only pay for the channels which you actually watch rather than the predefined set if channels by operators. You get to pick and choose the features you want for the next 90 days and pay for only those. No more paying for stuff you don’t use!
Now, what’s in it for you? Well, you earn reward points for every Rs. 100 you spend on retail, and you can rack up 10X or 5X points on the specific feature you choose. Plus, you get cool cashback benefits and free memberships to premium brands like Zee5 and Amazon Prime.
If you’re a traveler, you’ll love the cashback offers and complimentary access to airport lounges. Just handpick the feature you want, pay for it, and enjoy the perks.
In a nutshell, AU Bank’s LIT Credit Card is like having a credit card buffet. You get to choose what you want, enjoy the benefits, and leave out the rest. It’s convenience and customization rolled into one card!
So, whether you’re a movie buff, a globetrotter, a foodie, a shopaholic, or all of the above, this card’s got something special for you. It’s your card, your way.
Rewards & Benefits of AU Bank LIT Credit Card
Movie & Dining
3 Months of complimentary Membership of Zee5, Amazon Prime and Additional 5% cashback for Dining expenses.
Travel
Complimentary access to domestic lounges in India.
Rewards Rate
1 Reward Point for every Rs. 100 spent on retail with the card, 10X or 5X accelerated Reward Points (For Specific Feature) and Additional cashbacks (For Specific Feature)
Reward Redemption
Redeem Reward Points for exciting discounts and offers.
Golf Club Membership
NA
International Lounge Access
NA
Domestic Lounge Access
4 complimentary lounge access per quarter
Insurance Benefits
NA
Zero Liability Protection
You won’t have to bear any responsibility for unauthorized transactions on your card if you report the loss to the bank promptly within 7 days from the loss of the card.
Fees & Charges of AU Bank LIT Credit Card
Fee Waiver
NA
Rewards Redemption Fee
Rs. 99 + GST
Forex Markup
3.49% on all foreign currency spends.
Interest Rates
3.49% per month
Fuel Surcharge
1% fuel surcharge waiver for fuel transactions between Rs. 400 and Rs. 5,000
Cash Advance Charge
2.5% of the transaction amount (subject to a minimum charge of Rs. 100)
Add-on Card Fee
Nil
Card Replacement Fee
NA
Features of AU Bank LIT Credit Card
Here are the features of the AU Small Finance LIT Credit Card:
1. Customization: You have the power to choose the features you want, like airport lounge access, memberships, cashback, and more. You can change these features every 90 days, so you only pay for what you need at any given time.
2. Reward Points: You earn 1 reward point for every Rs. 100 spent on shopping with the card. Additionally, you can earn 10X or 5X accelerated reward points on the specific feature you choose.
3. Cashback: You enjoy cashback benefits on the specific feature you select, making your spending more rewarding. For example, you can get 5% additional cashback on dining expenses for a limited time.
4. Free Memberships: The card provides complimentary access to premium brands like Zee5 and Amazon Prime for a specified duration, adding extra value to your entertainment choices.
5. Travel Benefits: Travelers benefit from cashback offers and complimentary access to domestic airport lounges in India. It adds comfort and savings to your journeys.
6. No Annual Fees: Unlike many credit cards, the LIT Credit Card is free for a lifetime. You won’t be charged any annual renewal fees, even if you’re not actively using the card.
7. Fraud Protection: The card offers zero liability protection, meaning you won’t be held responsible for fraudulent transactions if you report a lost or stolen card to the bank’s customer care within 7 days.
8. Reward Redemption: You can redeem your reward points for exciting discounts and offers, including merchandise, travel bookings, mobile/DTH recharges, golf sessions, e-gift vouchers, and even air miles.
9. Feature Categories: You can choose from various feature categories based on your needs, such as airport lounge access, memberships to streaming platforms, milestone cashback, accelerated rewards, category-specific cashback (e.g., groceries, travel, dining, electronics, apparel), and fuel surcharge waiver.
10. Easy Management: You can efficiently manage and track your benefits, cashback, and reward points using the AU 0101 App, ensuring you stay informed about your card usage.
Pros of AU Bank LIT Credit Card
Here are some of the pros of the AU Small Finance LIT Credit Card:
1. Customizable Convenience: It’s like having a menu of credit card features, and you get to choose what suits your lifestyle. Want travel perks this month? Sure! Craving cashback on dining next? You got it! You’re in control.
2. No More Card Clutter: Say goodbye to a wallet stuffed with cards you hardly use. With AU Bank LIT Credit Card, you have one card that adapts to your needs, so you can declutter your wallet and simplify your financial life.
3. Earn Rewards Galore: You earn reward points for almost every swipe. Buy something, get points – it’s that easy. Plus, you can turbocharge your points on your chosen feature. Shopping spree, anyone?
4. Free Memberships: Access to premium brands like Zee5 and Amazon Prime for free? It’s like getting VIP treatment without the VIP price tag.
5. Travel Perks: If you’re a wanderlust enthusiast, you’ll love the cashback offers and the access to airport lounges. It’s the perfect companion for your adventures.
6. No Renewal Fees: Did we mention it’s a lifetime free card? No annual renewal fees, No joining fees, so you’re not constantly watching the calendar for credit card bills.
7. Fraud Protection: Worried about unauthorized transactions? Relax, you’ve got zero liability protection. Report any loss or theft, and you won’t be liable for the losses incurred.
8. Easy Redemption: You can redeem your hard-earned reward points for exciting discounts, travel bookings, mobile recharges, and even convert them into air miles. It’s like getting bonuses just for using your card.
In a nutshell, the AU Small Finance LIT Credit Card is your flexible, reward-packed, and hassle-free companion for all things spending. It’s a card that bends to your desires, not the other way around. So, whether you’re a savvy shopper, a movie buff, or a travel enthusiast, this card has got your back!
Cons of AU Bank LIT Credit Card
Here are some of the cons of the AU Small Finance LIT Credit Card, presented in a humanized manner:
1. Feature Selection Hassle: While the customization is a great feature, it might feel a bit overwhelming to choose your benefits every 90 days. If you prefer a set-it-and-forget-it approach, this card might require more attention than you’d like.
2. Limited Categories: The card offers a good range of features, but it might not cover every specific need. If you’re looking for very niche benefits, you might not find them here.
3. Spending Commitment: To unlock some benefits like the 3-month memberships, you need to meet certain spending thresholds within the given timeframe. If you don’t meet those targets, you might end up paying penalties, which could be a downside if your spending habits vary.
4. Auto-Renewal: Features you select are set to auto-renewal by default. If you forget to turn it off for a specific feature after 90 days, you could end up paying for something you no longer need.
5. Reward Points Eligibility: Not all transactions qualify for earning reward points. Cash withdrawals, EMIs, and fuel transactions are among the excluded categories. So, if you heavily rely on these types of spending, you might not accumulate as many points as you’d like.
6. Limited International Lounge Access: The card offers complimentary domestic lounge access in India but doesn’t include international lounge access. If you’re a frequent international traveler, this could be a limitation.
7. Eligibility Conditions: The card has specific age and residency requirements. If you’re outside of the specified age range or not an Indian resident, you might not be eligible.
8. Unclear Income Requirements: The card issuer doesn’t clearly disclose the minimum income requirements. This lack of transparency might make it challenging to know if you qualify.
Eligibility Criteria
To be eligible for the IDFC FIRST Classic Credit Card, here’s what you’ll need:
- Age Requirement: To be the main cardholder, you should be between 21 and 60 years old. If you want an add on card, they need to be at least 18 years old.
- Residency Status: You need to be an Indian resident to apply for this card. That means you should be living in India.
- Income: While they don’t clearly tell us the exact minimum income you need, you should have a stable source of income. Being an entry level card it could be around 3 Lakhs per annum. It’s essential to show that you can manage the card responsibly.
Documents Required
To apply for your AU Bank LIT Credit Card, you’ll need these documents:
Identity Proof: You can provide any one of the following:
- Aadhar Card
- Voter’s ID
- Driving License
- PAN Card
- Passport
Address Proof: You have options here too; choose one from:
- Latest month’s utility bills (like electricity or gas)
- Aadhar Card
- Passport
Income Proof: This one may vary, but generally, you can submit one of the following:
- Latest salary slips
- Latest bank statements
- Latest audited Income Tax Returns (ITR)
Who Should Apply for the AU Bank LIT Credit Card?
The AU Bank LIT Credit Card is a good fit for people who want flexibility and control over their credit card benefits. Here’s who should consider applying for this card:
1. The Choosy Shopper: If you’re someone who shops for different things and enjoys unique perks, this card suits you.
2. The Simplifier: If you’re tired of carrying around a bunch of credit cards, each with its own rules and fees, this card simplifies things. It’s like having one card that can do the job of many.
3. The Rewards Seeker: If you enjoy earning rewards on your credit card spending, this one’s a winner. You collect reward points for most of your purchases, and you can supercharge your points on the specific feature you choose. It’s like getting bonuses for spending.
4. The Traveler: If you often find yourself at airports or love exploring new places, this card has some sweet travel perks. You get cashback offers and access to airport lounges in India.
5. The Fee Hater: If you don’t like paying annual fees for credit cards, you’ll appreciate that this card is free for a lifetime. No renewal fees, even if you’re not using it.
6. The Security Conscious: If you worry about card theft or fraud, this card has your back with zero liability protection. If you report a lost or stolen card promptly, you won’t be responsible for unauthorized charges.
7. The Online Shopper: If you’re into online shopping or prefer to swipe your card in stores, this card offers rewards for both. Just choose the feature that fits your spending style.
However, keep in mind that AU Bank LIT Credit card also requires some active management. You’ll need to select your benefits every 90 days, and not all spending qualifies for rewards. So, if you’re up for a little extra attention to detail, this card can be a great match for you.
How Apply for this card?
- Step 1: Start by visiting the official website
- Step 2: Explore Credit Card Options
- Step 3: Select the AU Bank LIT Credit Card
- Step 4: Click “Apply Now“
- Step 5: Provide Your KYC Details
- Step 6: Submit Your Application
- Step 7: Confirmation Awaited
- Step 8: Wait for Approval
- Step 9: Card Delivery
- Step 10: Activate and Enjoy
The AU Bank LIT Credit Card is a customizable credit card that allows you to choose specific features and benefits to suit your needs.
You can customize the features by logging into the AU 0101 App and selecting the benefits you want to use for the next 90 days.
No, the LIT Credit Card is a lifetime free card. You won’t be charged any annual renewal fees.
No, the selected features remain active for 90 days. You can change them once the 90-day period is over.
If you don’t meet the spending threshold for a feature, you may be charged a penalty. It’s important to check and fulfill the requirements.
To report a lost or stolen card, contact the customer care of the bank within 7 days from the loss of the card to avail of zero liability protection.
Yes, you can disable auto-renewal for a particular feature if you don’t want to continue with it after the 90-day period. This can be done through the AU 0101 App.
