Our Verdict
The LIT Credit Card introduces a flexible and tailored approach to its services, allowing subscribers to choose from a variety of benefits, referred to as baskets. These baskets cater to different preferences and needs.
For travel enthusiasts, the lounge benefits basket is available, offering exclusive access to airport lounges with a corresponding charge. During festive seasons, subscribers can opt for the cashback offer benefits, designed specifically for festival shopping, with applicable charges.
AU Bank LIT Credit Card
Annual Fee
Free
Welcome Benefits
Nil
Key Feature
Customer’s Choice
Annual Fee
Free
Welcome Benefits
Nil
Key Feature
Customer’s Choice
Features of AU Bank LIT Credit Card
Subscribers get a menu of benefit baskets to choose from, each with a 90-day validity. At a charge ranging from INR 49 to INR 499 per cycle, subscribers have the flexibility to pick and pay for specific baskets aligned with their preferences. This unique model enables users to tailor their credit card experience according to their needs, subscribing and unsubscribing at their convenience.
Notably, those who opt not to subscribe to any reward benefits default to the most basic variant of the LIT card, devoid of any annual charges. This ensures that users have control over their card features.
The card offers the following benefits to select from with the charges:
Additional Features of AU Bank LIT Credit Card
5X/10X Reward Points:
- Reward points on both online and offline transactions, redeemable for discounts and offers.
- There are different reward point multipliers for various transaction types.
Full tank, more savings:
- 1% fuel surcharge waiver on transactions between INR 400 to INR 5,000.
Milestone Cashback:
- Additional cashback on retail spends over specific periods, with minimum spend requirements.
Category Cashback:
- Cashback on daily expenses, including groceries, dining, travel, electronics, and apparel.
Airport Lounge Access:
- Up to 4 visits to airport lounges across India every 90 days.
Memberships:
- Three month membership for ZEE5, Amazon Prime, and Cult pass Live for entertainment, shopping, and fitness benefits.
Card Liability Cover:
- Zero liability for fraudulent transactions (up to INR 1,50,000 or credit limit, whichever is lower) after reporting card loss.
- Protection against card counterfeit/skimming and online frauds.
Credit Shield:
- Up to INR 1.5 Lakhs coverage for credit shield.
No Reward Points on Cash Withdrawal:
- Cash withdrawal transactions using the LIT Credit Card do not qualify for earning reward points. This is common, as credit card issuers typically exclude cash advances from earning rewards.
No Reward Points on Fuel Transactions:
- Fuel transactions are not eligible for earning reward points. However, it’s mentioned earlier that there is a fuel surcharge waiver for specific transaction amounts.
No Reward Points on EMI Transactions:
- EMI (Equated Monthly Installment) transactions also do not contribute to earning reward points on the LIT Credit Card.
Reward Redemption Charges:
- Cardholders are charged INR 99 for redeeming their reward points. This is a fee associated with the process of converting accumulated points into tangible benefits, and it’s essential to consider this cost when planning redemptions.
How To Redeem Reward Points Gained by Using LIT Credit Card
You can redeem your reward points for exciting discounts and offers on various categories, such as travel, shopping, entertainment, dining, and more. You can also redeem your reward points for cashback, which will be credited to your credit card account.
Procedure:
To redeem your reward points, you need to follow these steps:
- Login to the AU 0101 app or the net banking portal with your user ID and password.
- Go to the credit card section and select your LIT credit card.
- Click on the option of redeem reward points and choose the category or item that you want to redeem your points for.
- Confirm your redemption request and complete the process.
You can also check your reward points balance and history on the app or the portal. You can also call the customer care number of AU Small Finance Bank at 1800-1200-1200 for any assistance or queries regarding your reward points.
Methodology To Evaluate AU Bank LIT Credit Card
Our evaluation centered around five key factors to determine the best credit cards:
Hidden Charges and Transparency: We prioritized credit cards devoid of hidden charges, emphasizing companies committed to transparent dealings with their customers.
Value for Money: The most critical factor in our evaluation, we ranked credit cards from companies providing maximum benefits to users.
Ease of Access: Companies that have enhanced the convenience of accessing their credit cards received positive consideration in our rankings.
Rewards and Benefits: We assessed the rewards and benefits offered by credit cards, favoring those providing substantial value to cardholders.
Customer Satisfaction: The overall satisfaction of customers, including feedback and reviews, played a significant role in our evaluation to ensure a holistic assessment of credit card offerings.
Frequently Asked Questions (FAQs)
What is the joining fee for the LIT Credit Card?
There is no joining fee for the LIT Credit Card, but one has to pay for the itemized service they subscribed to.
Can one obtain an LIT Credit Card against an FD?
If you do not have a regular income source or a satisfactory credit score, you may opt for a credit card against FD.