AU Bank LIT Credit Card Review

India’s first customizable credit card that revolutionizes the way we experience financial convenience. In a market saturated with numerous credit cards, each boasting different features and benefits, AU Bank has taken the lead in offering a groundbreaking solution. Recognizing the challenge faced by customers in selecting the ideal credit card to meet their unique needs, AU Bank has introduced the LIT credit card, a game-changer in the industry.

With the LIT credit card, you have the power to tailor your card to your exact preferences. No longer do you need to settle for a one-size-fits-all approach. By logging into the AU 0101 App, cardholders can effortlessly select the features they desire for the next 90 days and pay solely for those chosen services—no additional fees. This level of customization sets the LIT credit card apart, ensuring that you pay only for what you truly need and value.

The benefits of the LIT credit card extend beyond its customizable nature. The card rewards you generously for your spending habits, earning you one reward point for every Rs. 100 spent on retail purchases. Moreover, when you select specific features, you unlock the opportunity to earn 10X or 5X accelerated reward points, amplifying your rewards potential. Additionally, the LIT card provides enticing cashback benefits tailored to the features you select, ensuring you receive valuable returns on your spending.

Furthermore, AU Bank recognizes the importance of access to premium services. With the LIT credit card, you enjoy complimentary memberships to renowned brands like Zee5 and Amazon Prime, providing you with exclusive content and shopping perks. For avid travelers, the card offers exceptional cashback offers and complimentary access to airport lounges, enhancing your journeys and making them more enjoyable.

AU Bank’s LIT Credit Card breaks the mold, offering a level of personalization and flexibility that has never been seen before in India’s credit card market. By empowering you to choose the features that align with your lifestyle, the LIT credit card enables you to maximize your rewards, benefits, and privileges. Say goodbye to the confusion of multiple cards and fees – with the LIT credit card, you can unlock the true potential of a credit card designed just for you.

Features & Benefits

• Customizable Card: The AU Small Finance Bank LIT Credit Card introduces the concept of customization, allowing you to choose the features that best suit your needs. Select the categories that interest you, pay only for the chosen features, and enjoy a personalized credit card experience.
• Flexible Category Selection: With five categories to choose from, the LIT credit card covers a wide range of benefits across various aspects of your lifestyle. You have the freedom to opt for one or more categories simultaneously, tailoring your card to match your preferences and spending patterns.
• Pay for What You Use: Instead of paying hefty annual fees for features you may not utilize fully, the LIT credit card enables you to pay only for the specific features you select. This ensures you maximize the value of your card while keeping costs in check.
• Travel Benefits: Experience luxury while traveling with the AU LIT credit card. Enjoy up to 4 complimentary domestic lounge visits per quarter, providing a comfortable and exclusive environment during your journeys. Please note that lounge access outside India incurs a charge.
• Membership Benefits: Unlock three months of complimentary memberships for leading platforms. Gain access to ZEE5’s vast library of blockbusters, web series, and live TV, enjoy the perks of Amazon Prime’s free delivery, streaming, and exclusive deals, and participate in fitness classes with Cult.fit—all subject to specified spending conditions.
• Shoppers’ Rewards: Earn abundant rewards with the LIT credit card as you shop. Get 10X or 5X reward points on various online and offline retail transactions, allowing you to accumulate points quickly. Note that certain transactions such as cash withdrawals, EMIs, fuel, insurance, and rent are excluded from accelerated reward points.
• Milestone Cashback: Set spending targets and earn attractive cashback rewards. Achieve a monthly spending threshold to receive an additional 5% cashback or spend even more to earn 2% cashback for 90 days. Specific conditions apply, and certain transactions like fuel, rent, insurance, and cash withdrawals are not eligible for cashback.
• Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on transactions ranging from Rs. 400 to Rs. 5,000, providing savings on your fuel expenses.
• Category Cashback: Get an additional 5% cashback on specific categories such as travel, dining, and grocery expenses, alongside earning 1 reward point for every Rs. 100 spent. This extra cashback allows you to save further on your preferred spending categories, with a maximum cashback limit of Rs. 1,000 per 30-day period.

AU Bank LIT Credit Card Base Reward Points

• Earn Rewards with Every Spend: With the AU Small Finance Bank LIT Credit Card, you earn 1 reward point for every Rs. 100 spent on retail purchases. This allows you to accumulate reward points quickly as you go about your everyday shopping.
• Exclusions from Base Reward Points: Please note that cash withdrawal, EMI transactions, and fuel purchases are not eligible for earning base reward points. This ensures that the reward points program focuses on your retail spending and excludes certain transaction types.

Reward Points Redemption

The reward points you earn with the AU Bank LIT Credit Card can be redeemed for a range of exciting benefits and experiences. Here are some of the redemption options available:

• Merchandise Purchases: Redeem your reward points against the purchase of merchandise, allowing you to choose from a variety of products and brands.
• Travel Bookings: Use your reward points to book flights, hotels, buses, and movie tickets, enhancing your travel experiences and providing savings on your bookings.
• Mobile and DTH Recharge: Redeem points for recharging your mobile or DTH (Direct-to-Home) services, ensuring connectivity and entertainment while maximizing the value of your reward points.
• Golf Sessions: Enjoy the sport of golf by redeeming your reward points for booking golf sessions at various golf courses across India. This allows you to indulge in your passion while making the most of your accumulated points.
• E-gift Vouchers: Convert your reward points into e-gift vouchers, offering you the flexibility to choose from a wide range of brands and products that suit your preferences.
• Air Miles Conversion: If you’re a frequent flyer, convert your reward points into air miles, allowing you to enjoy discounted or free flights with partner airlines.

Eligibility Criteria

To apply for the AU Bank LIT Credit Card, certain conditions must be met. Here are the eligibility criteria you need to fulfill:

• Age Requirement: The primary cardholder should be between the age of 21 years and 60 years. Additionally, any add-on cardholder must be over 18 years of age.
• Residency Status: Applicants must be Indian citizens to be eligible for the AU Bank LIT Credit Card.
• Stable Source of Income: It is necessary to have a stable source of income to meet the issuer’s eligibility requirements. While the specific minimum salary requirements are not explicitly disclosed, a regular and consistent income is typically expected.

How To Apply For The AU Bank LIT Credit Card?

Applying for the AU Bank LIT Credit Card is a straightforward process and can be done through both online and offline channels. Here are the steps to apply for the card:

Online Application

• Visit the Official Website: Start by visiting the official website of AU Bank, the issuer of the LIT Credit Card.
• Navigate to Credit Cards: On the website, locate the “Cards” section and select “Credit Cards” from the options provided.
• Choose LIT Credit Card: Within the Credit Cards section, specifically select the AU Bank LIT Credit Card to proceed with the application.
• Click on “Apply Now”: Look for the “Apply Now” button associated with the LIT Credit Card and click on it.
• Complete Application Form: Fill in the required details in the application form, providing accurate information about your personal, contact, and employment details as requested.
• Submit Your Application: Once you have filled in all the necessary information, review the application form, and submit it electronically through the website.

Offline Application

• Visit a Branch: If you prefer an offline application process, visit the nearest branch of AU Bank.
• Obtain the Application Form: Request the credit card application form from the bank staff.
• Fill in the Form: Complete the application form manually, ensuring all the required fields are accurately filled.
• Attach Required Documents: Gather the necessary documents as specified by the bank, such as proof of identity, address, and income. Attach these documents to your application form.
• Submit Your Application: Once you have filled in the application form and attached the required documents, submit your application at the bank branch.

How to Customize Your AU Bank LIT Credit Card?

Personalising your AU Bank LIT Credit Card to suit your preferences and needs is a seamless process. Follow these steps to customize your credit card:

• Download the AU 0101 App: Begin by downloading the AU 0101 app, which is the official mobile application of AU Bank.
• Search for AU Bank LIT Credit Card: Once you have installed the app, search for the AU Bank LIT Credit Card within the app’s interface.
• Navigate to Credit Card Home Page: Access the Credit Card Home Page within the app, where you will find various options and features related to your LIT Credit Card.
• Select Manage Credit Card: From the drop-down menu, choose the “Manage Credit Card” option. This will enable you to customize and tailor the features of your credit card.
• Choose Preferred Features: Within the Manage Credit Card section, carefully select your preferred features from the available options. This allows you to handpick the benefits and privileges that best align with your lifestyle and preferences.
• Double-Check Pricing: As you add each feature, double-check the pricing associated with it. Ensure that you are aware of the charges and fees applicable to the features you select.
• Set Price for Customizable Card: Choose a price for your customizable card based on the features you have added. However, note that you can modify the price as needed, making it flexible and adjustable according to the specific features you choose.
• Access Your Personalized Credit Card: Once you have completed the customization process, your personalized credit card will be available to you. Enjoy the benefits and privileges that align with your chosen features.
• Modify Features as Needed: As your needs change over time, you have the flexibility to modify the benefits and features of your credit card. This ensures that your card remains tailored to your evolving lifestyle and requirements.
• Manage Expenses and Auto-Renewal: Use the app to track and manage all your expenses efficiently. Additionally, keep an eye on the auto-renewal status of any features you have chosen. If desired, turn off auto-renewal to have control over the renewal process every 90 days.

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FAQs

How does the AU Bank LIT Credit Card differ from traditional credit cards?

The AU Bank LIT Credit Card offers the unique feature of customization, allowing cardholders to choose and pay for specific features they want, rather than paying for a bundle of benefits they may not use. This gives individuals more control and flexibility over their credit card experience.

Can I change the features and benefits of my AU Bank LIT Credit Card after I have customized it?

Yes, you can modify the features and benefits of your AU Bank LIT Credit Card as your needs change. The AU 0101 app provides the option to adjust the features according to your preferences, ensuring that the card remains aligned with your evolving lifestyle.

What can I redeem my reward points for?

The reward points earned with the AU Bank LIT Credit Card can be redeemed for various benefits, including merchandise purchases, flight and hotel bookings, bus and movie tickets, mobile/DTH recharges, golf sessions, e-gift vouchers, and even air mile conversions.

Are there any fees associated with customizing the AU Bank LIT Credit Card?

Yes, there are charges associated with each feature you select while customizing the card. The pricing for each feature will be displayed during the customization process, allowing you to make an informed decision based on your preferences and budget.

Conclusion

The AU Bank LIT Credit Card stands out as India’s first customizable credit card, offering a unique and personalized experience for cardholders. With its innovative features and benefits, this card empowers individuals to select and pay for the specific features they desire, avoiding the need for multiple cards with different fees. The AU Bank LIT Credit Card provides a range of categories to choose from, including travel benefits, membership perks, shoppers’ rewards, milestone cashbacks, and more.

Cardholders can earn reward points on retail spends and enjoy the flexibility of redeeming them for various options, such as merchandise, travel bookings, mobile/DTH recharge, golf sessions, e-gift vouchers, and even air miles conversion. The eligibility criteria for the card include age requirements and Indian residency status, along with a stable source of income.

Applying for the AU Bank LIT Credit Card is convenient through both online and offline channels, allowing individuals to access the application process in a way that suits them best. Furthermore, the card can be easily customized using the AU 0101 app, providing the freedom to select and modify features according to changing needs.

With its customer-centric approach and focus on tailored benefits, the AU Bank LIT Credit Card offers a personalized banking experience, empowering individuals to enjoy the privileges that truly align with their preferences and lifestyle.

Author: Vedanti KiranVedanti is a female finance writer, currently pursuing her studies at Hansraj College. She has a passion for writing and travelling, and her articles on the stock market, finance, investment, and cryptocurrency are well-researched and informative. With her unique perspective on the world of finance, Vedanti is a go-to source for those seeking insights into the world of finance.