AU Small Finance Bank LIT Credit Card

Here’s why this customisable lifestyle credit card is an ideal choice:

Joining Fee	Nil
Annual Fee	Nil
Suitable for	Cashback on shopping
Key Feature	Customisable reward points and cashback
Reward Points	Up to 25,000 a month

This credit card from AU Small Finance Bank is linked to a loyalty program called AU Rewardz. You can earn a maximum of 25,000 reward points in a statement cycle. Redeem them against e-vouchers, flight tickets, mobile recharges, and more on the AU Rewardz portal.

 

Here is how the rewards program works for the LIT Credit Card:

 

A. Reward points 

 

• Get 1 reward point per ₹100 on all retail spends except cash, government, EMI, rent, education, fuel, BBPS and quasi-cash transactions

• You can get 1 reward point per ₹100 spent (up to 100 points per transaction) on insurance, utility and telecom payments

• The above categories will not be covered under 10X or 5X accelerated rewards

• You can choose to earn either 10X or 5X reward points on offline and online domestic and international retail transactions

• Choose to get base rewards plus 2% cashback up to ₹1,000 per month on minimum retail spends of ₹10,000

• Choose to get base rewards plus 5% cashback up to ₹500 per month on minimum retail spends of ₹7,500 

• Choose to get base rewards plus 5% cashback on grocery and apparel expenses up to ₹1,000 in a month

 

Here is an example using a combination of features:

Disclaimer: The above example is for illustration purposes only. 

 

B. Redemption process

You can redeem the points you earn on your LIT Credit Card against categories such as branded clothing, jewellery, gadgets, and more. You can also redeem them for mobile recharges, hotel bookings, and more. To do so, log in to the AU Rewardz website portal or call the AU Rewardz Customer Care number. Some of the brands available include Skullcandy, Bosch, Tommy Hilfiger, Safari, and Morphy Richards.

 

• If redeemed against gift cards, vouchers, or e-vouchers, 1 reward point = ₹0.20 

• For all other redemptions, 1 reward point = ₹0.25 

 

A reward redemption fee of ₹99 applies for each redemption. You also need to have a minimum balance of 200 reward points.

C. Expiration 

All the reward points accumulated on your LIT Credit Card will expire in 24 months.

 

D: Example of Savings

Assuming the features and figures used in the earlier example stay the same through the year, see what you stand to save:

Disclaimer: The above example is for illustration purposes only. The actual rewards and savings may vary based on the policies of the issuer and on the timely payment of credit card dues. Please check with the card issuer before applying.

 

This example demonstrates that you can enjoy benefits worth ₹24,393 a year on spending ₹2,46,000 annually on the LIT Credit Card. This outcome is purely based on the features you choose. 

For each feature you choose to enjoy for a period of 90 days, a fee is applicable. The total of such fees results in the quarterly fee you need to pay. The fees are specified as follows:

 

Here are other general charges you may have to incur while using the card:

Note: A Goods & Services Tax (GST) of 18% is applicable on all the charges mentioned above.

 

Disclaimer: These fees and charges are also subject to change at the discretion of the issuer. Before applying, check the issuer’s Most Important Terms and Conditions (MITC) document to verify.

Check the AU Small Finance Bank LIT Credit Card eligibility criteria to know if you should apply. You need to be:

• A resident of India

• 21 to 60 years old

• Either salaried or self-employed

• Meeting minimum income criteria set by the bank

Here is a general list of documents you keep on hand before applying online:

• Proof of Identity:

  • PAN Card

  • Voter ID

  • Passport

• Proof of Address:

  • Aadhaar Card

  • Utility Bill (electricity, water)

• Proof of Income:

  • Income Tax Returns (ITR), Form 16, Salary Slips

  • Bank statements (3-6 months)

To get the AU Small Finance Bank LIT Credit Card apply online on Bajaj Markets. Follow the steps detailed below to get an idea of how to apply:

1. Click ‘Check Eligibility’ and fill in your date of birth, mobile number, and occupation

2. Enter the One-Time Password (OTP) sent to your phone number

3. Confirm the prompted details like your email ID, PAN number, PIN code, and income information

4. Apply for the card that suits your needs from the given options

5. Click ‘Submit’ and complete your application

In case of any queries, you can reach out to AU Small Finance Bank’s customer care team:

• Call 1800 1200 1500 (toll-free), 0141-7141100 or 0141-4455000 (chargeable)

• Email creditcard.support@aubank.in

Before applying for the LIT Credit Card, compare it with other cards from the same issuer: