Federal BankThe AU Small Finance LIT Credit Card is India’s First customizable Credit card in terms of features. This means that you can choose whatever feature you want on your card and just pay for the same and nothing else. The AU bank has launched a very innovative and only one of its kind credit card. Every other credit card company launches many credit cards with different features and benefits. There are many credit cards in India with different parts & features, and therefore, it becomes challenging and confusing for customers to choose the best card to fulfil their needs from so many cards. The customer often end up having multiple cards, and paying multiple fees every year. The AU bank took advantage of this and launched the first-ever feature customizing credit cards, the LIT credit card. The bank has launched many other cards with many great benefits, but the LIT card has unique features.
The LIT credit card comes with so many features to select from and with so many benefits. The cardholder can simply log on to the AU 0101 App select the feature they want to use for the next 90 Days and just pay for it. The Card offers great ways to earn many reward points, like 1 Reward Point for every Rs. 100 spent on retail and 10X or 5X accelerated Reward Points on the feature that you select. On top of that, the card offers great cashback benefits on the specific feature you select for. Not only this, the card offer free memberships to premium brands like Zee5, Amazon Prime and more. For travelers, the card offers excellent cashbacks offers and complimentary access to airport lounges. Select the feature you want, pay for it and enjoy the benefits and privileges.
Let’s explore more about this Innovative card by AU with the detailed review below:
AU Bank LIT Credit Card
Fees
Joining Fee
Renewal Fee
Best Suited For
Movies | Travel | Dining | Fuel | Shopping |
Reward Type
Reward Points
Welcome Benefits
Movie & Dining
3 Months of complimentary Membership of Zee5, Amazon Prime and Additional 5% cashback for Dining expenses.
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.
Travel
Complimentary access to domestic lounges in India.
Golf
NA
Domestic Lounge Access
4 complimentary lounge access per quarter
International Lounge Access
NIL
Insurance Benefits
NA
Zero Liability Protection
Zero liability of the cardholder against fraudulent transactions in the event of loss or theft of the credit card if the same is reported to the customer care of the bank within 7 days from the loss of the card.
Spend Based Waiver
NA
Rewards Redemption Fee
Nil
Rewards Redemption Fee
Nil
Foreign Currency 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 Charges
2.5% of the transaction amount (subject to a minimum charge of Rs. 100)
Add-on Card Fee
Nil
- India’s First customizable Credit card.
- Choose whichever feature you want and whenever you want with the card.
- 3 Months of Free Membership of Zee5, Amazon Prime and Cult.fit
- For every Rs. 100 spent on retail transactions, you will get 1 Reward Point.
- 10X or 5X accelerated Reward Points on all online and offline transactions.
- Surcharge waiver of 1% on all fuel transactions between Rs. 400 to Rs. 5,000.
- 5% and 2% cashback on retail spends on achieving the spend target.
- Additional 5% cashback for travel, dining and grocery expenses.
- 4 complimentary lounge access per quarter
AU Bank LIT Credit Card Features & Benefits
The AU Small Finance Bank LIT Credit Card, as mentioned, is India’s First customizable credit card which allows you to choose the feature you want and just pay for it and nothing else. The card offers great benefits across Lifestyle, Groceries, Travel and much more.
It offers almost every benefit in a credit card and allows its holders to choose one or more features/categories at a time. This enables the customers to get the benefit from the category they selected and also just pay for the feature that they are using rather than paying the full annual fees for the card.
AU Small Finance Bank LIT Credit Card – Features Available
With the AU Bank LIT credit card, you have the power to choose your benefits and rewards. You can choose as many features you want by paying for each one, and they are valid for a 90-day period. Currently, there are six benefit categories for cardholders to choose from –
Airport Lounge Access
With this benefit, you can have a comfortable time during your travels and get benefits worth up to Rs. 3600. The following are the prices associated with this feature, applicable for a 90-day period.
- Get one visit to domestic airport lounges in India – Rs. 199 for 90 days
- Get two visits to domestic airport lounges in India – Rs. 299 for 90 days
Memberships
Get access to some of the most popular and in-demand subscription services, and get benefits worth up to Rs. 1200. The following are the prices associated with this feature, applicable for a 90-day period
- 3 Months Zee5 Membership – Rs. 99 for 90 days. You must spend at least Rs. 5000 during the 90-day period, or you will be charged a Rs. 50 penalty.
- 3 Months Amazon Prime Membership – Rs. 199 for 90 days. You must spend at least Rs. 10,000 during the 90-day period, or you will be charged a Rs. 100 penalty.
- 3 Months Cult.fit Membership – Rs. 499 for 90 days. You must spend at least Rs. 20,000 during the 90-day period, or you will be charged a Rs. 200 penalty.
Fuel Surcharge Waiver
Get 1% Fuel Surcharge Waiver – Rs. 49 for 90 days. The waiver is applicable on all transactions ranging between Rs. 400 to Rs. 5000.
You can choose whichever feature you want based on your needs, requirements, and spending habits. The pricing for each segment is valid for a 90-day period and is levied once you opt-in for a specific feature. Each part chosen by you is on auto-renewal, and you will have to disable auto-renewal if you don’t want to continue with a particular feature after 90 days.
AU Bank LIT Credit Card Cashback & Rewards
Milestone Cashback
Get additional cashback on reaching the minimum spend amount and get benefits worth Rs. 3000. The following are the prices associated with this feature, applicable for a 30-day period.
Get 5% Additional Cashback – Rs. 299 for 30 days. You will be eligible for the cashback on spending a minimum of Rs. 7500, excluding fuel, cash advance, and rent spends. You can earn a maximum cashback of Rs. 500 per month.
Get 2% Additional Cashback – Rs. 199 for 30 days. You will be eligible for the cashback on spending a minimum of Rs. 10,000, excluding fuel, cash advance, and rent spends. You can earn a maximum cashback of Rs. 100 per month.
Category Cashback
You can earn cashback on spends across different categories with this feature and get benefits worth up to Rs. 3000 per category.
Get 5% Cashback on Grocery Spends – Rs. 299 for 90 days. You can earn a maximum cashback of Rs. 1000 per month.
Get 5% Cashback on Travel Spends – Rs. 299 for 90 days. You can earn a maximum cashback of Rs. 1000 per month.
Get 5% Cashback on Dining Spends – Rs. 299 for 90 days. You can earn a maximum cashback of Rs. 1000 per month.
Get 5% Cashback on Electronics Spends – Rs. 299 for 90 days. You can earn a maximum cashback of Rs. 1000 per month.
Get 5% Cashback on Apparel Spends – Rs. 199 for 90 days. You can earn a maximum cashback of Rs. 1000 per month.
5X/10X Rewards
You can earn bonuses up to 10x rewards on your online and offline spends with this feature.
For Online Spends
Get 10x Reward Points on Online Spends – Rs. 299 for 90 days. You can earn 10x reward points on your online spends, but rent, cash withdrawal, and fuel spends are not eligible.
Get 5x Reward Points on Online Spends – Rs. 199 for 90 days. You can earn 5x reward points on your online spends, but rent, cash withdrawal, and fuel spends are not eligible.
For Offline Spends
Get 10x Reward Points on Offline Spends – Rs. 299 for 90 days. You can earn 10x reward points on your offline spends, but rent, cash withdrawal, and fuel spends are not eligible.
Get 5x Reward Points on Offline Spends – Rs. 199 for 90 days. You can earn 5x reward points on your offline spends, but rent, cash withdrawal, and fuel spends are not eligible.
AU Bank LIT Credit Card Reward Points & Redemption
1 Reward Point for every Rs. 100 retail spends done on the Card. Cash withdrawal, EMI, and fuel transactions will not be considered for the earning of Base Reward Points.
Reward Points Redemption
The reward points earned with the AU Small Finance Bank LIT Credit Card can be redeemed for many benefits:
- Redeem against the purchase of Merchandise.
- For booking tickets for flights, hotels, buses and movies.
- Use Points for recharge of Mobile or DTH.
- Book Golf sessions at golf courses across India.
- Redeem your points for E-gift Vouchers.
- Convert your Reward Points to Air miles.
How To Select The Category Of Your Choice?
- Open the AU 0101 App and go to the Credit Card Homepage, select ‘Manage Credit Card’ to get the list of available benefits and choose the one that you want.
- Get the price of each category and choose the one that fits your budget and needs.
- Get to modify the benefit as per your choice and get what you want.
- You can manage and track your cashback and the reward points you earned and also get to know how much is left to earn to complete the target.
Eligibility Criteria
There are certain conditions that need to be fulfilled in order to be eligible to apply for AU Bank LIT Credit Card. These criteria are mentioned below in the table:
| Criteria | Categories |
| Age | Primary cardholder between the age of 21 years and 60 yearsAdd-on cardholder should be over 18 years |
| Residency Status | Indian |
Other than this, the applicants should have a stable source of income, however, the minimum salary requirements are not disclosed clearly by the issuer.
Documents Required
The documents required to apply for the AU Bank LIT Credit Card are listed below:
- Identity Proof:Aadhar Card, PAN Card, Voter’s ID, Passport, or Driving License.
- Address Proof: Latest months’ utility bills, Aadhar Card, Ration card, Driving License, etc.
- Proof of Income:Latest months’ salary slips/bank statements, or latest audited ITR.
How To Apply For The AU Bank LIT Credit Card?
The AU Bank LIT Credit Card can be applied both through online and offline modes. To apply online, you can follow a few simple steps as mentioned below:
- Visit the AU Bank’s official website.
- Under the section ‘Cards,’ select Credit Cards and then ‘LIT Credit Card.’
- Click on ‘Apply Now,’
- Proceed further by filling in the required details.
To apply for this credit card through an offline process, all you have to do is to visit the nearest bank branch and fill in the credit card application form and attach the documents required.
AU Bank LIT Credit Card Review
The AU Small Finance Bank LIT Credit Card has been specially designed for those who want to get each and every credit card benefit in just one card. The LIT card has removed the hassle of keeping multiple cards for different features by providing the choice to the cardholder to select one or more benefits and enjoy it in a limited timeframe which provided huge independence to the customer. Not only this, the LIT card is completely lifetime free, which means that the cardholder does not need to pay the fees even when they are not using the card for their benefit. The card provides every other help that a credit card holder generally needs, like great reward points, tons of cashback, fuel surcharge waiver, lounge access and much more.
This offering by the AU bank is one of its kind as the bank took advantage of the problem and launched India’s first customizable card where one can get the feature they need at a particular time. The ICICI Bank also offers a similar credit card named ICICI Bank Mine Credit Card, which is an affordable card and allows the holders to choose the rewards plan at their convenience. Now, this LIT Credit Card issued by AU Bank seems to be a strong competitor of the Mine Card.
That was our review of the card; let us know what you think about this credit card in the comments below. Also, tell us what other feature you want the bank to add to this card.
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1 Comment
Hi,
For grocery,dining and travel in order to get 5percent cashback do we have to pay anything?