AU Bank LIT Credit Card
The AU Small Finance LIT Credit Card is India’s first customizable credit card, letting you choose the features you want and pay only for those. Unlike other cards that come with fixed benefits, the LIT card gives you control to pick options that fit your lifestyle. You can manage these features easily through the AU 0101 App and activate them for 90 days based on your needs, making it simple and convenient.
This card offers great benefits, like earning 1 reward point for every ₹100 spent and accelerated 5X or 10X points on selected features. You can enjoy cashback, free memberships to services like Zee5 and Amazon Prime, and even access to airport lounges for travelers. Best of all, it’s a lifetime free card, so you can switch features on or off whenever you like while keeping track of your expenses.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
AU Bank LIT Credit Card – Features, Benefits, and Review
The AU Bank LIT Credit Card is the first card in India that lets you customize its features as per your needs. Unlike regular cards where you get fixed benefits, this card lets you choose the benefits you want and pay only for those features. This way, you don’t have to pay a high annual fee for services you may never use.
The word “LIT” stands for Live It Today, and the card is designed to give you complete control over your lifestyle needs. Whether you love shopping, traveling, watching movies, or earning rewards, this card allows you to pick benefits that suit your spending style.
Why AU Bank LIT Credit Card is Different
Most credit cards come with fixed benefits like travel perks, cashback, or lounge access. Even if you don’t use them, you still pay an annual fee for those features. The AU Bank LIT Credit Card changes this system completely.
- Select only the benefits you want.
- Pay only for the selected feature.
- Enjoy the benefit for 90 days (or 30 days in some cases).
- Stop or renew features whenever you like.
This makes the card very flexible and budget friendly.
Main Features of AU Bank LIT Credit Card
- Lifetime Free Card: The AU LIT Credit Card is lifetime free. There is no annual fee, and you only pay when you activate a benefit.
- Airport Lounge Access: Get domestic airport lounge access by paying ₹399 for one visit within 90 days. Normally, lounge visits cost around ₹1,200, making this a value deal for frequent travelers.
- Popular Memberships: The card offers discounted memberships of popular apps:
- Zee5: ₹99 for 90 days (minimum spend ₹5,000, or else ₹50 penalty).
- Amazon Prime: ₹199 for 90 days (minimum spend ₹10,000, or else ₹100 penalty).
- Fuel Surcharge Waiver: Get a 1% fuel surcharge waiver for ₹49 over 90 days, applicable on fuel spends between ₹400 and ₹5,000.
- Milestone Cashback: Earn extra cashback by spending more:
- 5% extra cashback for ₹299 (valid for 30 days, minimum spend ₹10,000, up to ₹500 per month).
- 2% extra cashback for ₹199 (valid for 30 days, minimum spend ₹15,000, up to ₹1,000 per month).
- Category Cashback: Choose cashback benefits for specific categories:
- 5% cashback on groceries – ₹299 for 90 days (up to ₹1,000 cashback per month).
- 5% cashback on apparel – ₹199 for 90 days (up to ₹500 cashback per month).
- Accelerated Rewards (5X/10X Points): Boost your reward points by paying a small fee:
- Online Spends: 5X points for ₹199 or 10X points for ₹299 (valid for 90 days).
- Offline Spends: 5X points for ₹199 or 10X points for ₹299 (valid for 90 days).
Rewards Program
Even without activating extra features, the card gives 1 reward point for every ₹100 spent on retail purchases. However, spends on fuel, EMI, education, rent, and cash withdrawal do not earn base points.
You can redeem your reward points for:
- Shopping merchandise
- Booking flight, hotel, bus, or movie tickets
- Mobile and DTH recharges
- Golf sessions across India
- E-gift vouchers
- Air miles conversion
How to Select Benefits
Choosing your benefits is very simple:
- Open the AU 0101 App.
- Go to the Credit Card section and click on “Manage Credit Card.”
- Browse through the list of available benefits.
- Pick the one that matches your need.
- Pay the fee for that benefit and enjoy it for 90 days.
You can also track your rewards, cashback, and spending progress directly from the app.
Eligibility Criteria
Here are the basic requirements to apply for the AU Bank LIT Credit Card:
- Age: 21 to 60 years for the primary cardholder. For add-on cards, the minimum age is 18 years.
- Residency: Applicant must be an Indian citizen.
- Income: You should have a stable income, though the bank does not disclose an exact minimum salary requirement.
How to Apply
You can apply for the AU Bank LIT Credit Card both online and offline.
- Online: Visit the official AU Bank website, click on “Apply Now,” and fill in the application form with your details.
- Offline: Visit your nearest AU Bank branch, fill in the credit card form, and submit the required documents.
Pros of AU Bank LIT Credit Card
- Lifetime free with no annual fee.
- Flexibility to choose and pay only for the benefits you need.
- Wide variety of lifestyle perks like lounge access, memberships, fuel waivers, cashback, and accelerated rewards.
- Easy to manage benefits through the AU 0101 app.
- Strong rewards program with multiple redemption options.
AU Bank LIT Credit Card Review
The AU Bank LIT Credit Card is a lifetime free, customizable card that lets you pay only for the benefits you use. It offers flexible perks like airport lounge access, entertainment memberships, fuel waivers, milestone rewards, and cashback, making it useful for both travelers and everyday spenders. With its easy 90-day benefit cycle and more control compared to cards like ICICI Bank Mine, it’s a smart choice for those who want value without wasting money on unused features.
What are the ways to pay my AU LIT Credit Card bill?
You can pay your AU LIT Credit Card bill through the AU 0101 app or the net banking portal. Simply log in, go to the Credit Card section, choose 'Pay Bill,' and click 'Redeem.' Enter the bill amount and proceed by selecting your bank account, confirming with an OTP received on your registered mobile.
Can my children use the LIT Credit Card as add-on partners?
Yes, children aged 18 and above can be added as add-on partners for the LIT Credit Card.
Do I need to have an AU Bank account to get the LIT Credit Card?
Yes, having an account with AU Bank is required to apply for the LIT Credit Card.
How long do the features of the LIT Credit Card last?
The features will work for 90 days after you activate them.
When will I get my cashback after using the LIT Credit Card?
Cashback is credited five days after the 30-day period of use ends.
How can I turn off auto-renewal for features on the LIT Credit Card?
You can turn off auto-renewal of features through the AU 0101 app. By default, features are set to renew every 90 days.
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