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AU LIT Credit Card
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
Milestone benefit: 5% cashback 3 times over 90 days for retail spending in addition to 1 reward point per Rs 100 spent. Minimum retail spends of Rs 7,500 & max. cashback of Rs 500 over 30 days. Additional 2% cashback 3 times over 90 days for retail spends in addition to 1 reward point per Rs 100 spent.
Cashback Rate
1 Point = Rs. 0.25.
Reward System: AU LIT Credit Card allows you to choose the kind of cashback you want with your credit card. The credit card fee will depend on the cashback categories you choose. The categories availiable are as follows: (a) 2.5% cashback on all online transactions or 1.25% cashback on all online transactions, (b) 2.5% cashback on all offline transactions or 1.25% cashback on all offline transactions, (c) 5% cashback for grocery and apparel.
Movie Benefits
2.5% or 1.25 cashback depending on the reward pack chosen.
Dining Benefits
2.5% or 1.25 cashback, depending on the reward pack chosen.
Other Benefits
None.
Lounge Access
2 complimentary airport lounge accesses every quarter
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
Milestone benefit: 5% cashback 3 times over 90 days for retail spending in addition to 1 reward point per Rs 100 spent. Minimum retail spends of Rs 7,500 & max. cashback of Rs 500 over 30 days. Additional 2% cashback 3 times over 90 days for retail spends in addition to 1 reward point per Rs 100 spent.
Cashback Rate
1 Point = Rs. 0.25.
Reward System: AU LIT Credit Card allows you to choose the kind of cashback you want with your credit card. The credit card fee will depend on the cashback categories you choose. The categories availiable are as follows: (a) 2.5% cashback on all online transactions or 1.25% cashback on all online transactions, (b) 2.5% cashback on all offline transactions or 1.25% cashback on all offline transactions, (c) 5% cashback for grocery and apparel.
Movie Benefits
2.5% or 1.25 cashback depending on the reward pack chosen.
Dining Benefits
2.5% or 1.25 cashback, depending on the reward pack chosen.
Other Benefits
None.
Lounge Access
2 complimentary airport lounge accesses every quarter
Fees & Charges
Joining Fee
Annual/Joining fee : Nil.
Annual Fee
Nil
Cash Advance Fee
2.5% of amount withdrawn, subject to a minimum of ? 100.�
Interest rate
Interest Rate: 3.49% per month (41.88% annually).
Late Payment Fee
Late Payment fees: Rs 0 to Rs 1100 for outstanding amount ranging from Rs 0 to Rs 50,000 + amount.
Foreign Currency Transactions Fee
Foreign Currency Mark up Fees: 3.49%.
Other Fees
Cash Advance Charges 2.5% of amount withdrawn, subject to a minimum of ₹ 100. | Over Limit Charges: 2.5% of overlimit amount, subject to a minimum of `500. | EMI Conversion charges: 1% of the transaction value, subject to min Rs 99+GST.
Fees & Charges
Joining Fee
Annual/Joining fee : Nil.
Annual Fee
Nil
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rate: 3.49% per month (41.88% annually).
Late Payment Fee
Late Payment fees: Rs 0 to Rs 1100 for outstanding amount ranging from Rs 0 to Rs 50,000 + amount.
Foreign Currency Transactions Fee
Foreign Currency Mark up Fees: 3.49%.
Other Fees
Cash Advance Charges 2.5% of amount withdrawn, subject to a minimum of ₹ 100. | Over Limit Charges: 2.5% of overlimit amount, subject to a minimum of `500. | EMI Conversion charges: 1% of the transaction value, subject to min Rs 99+GST.
Special Features
You can choose your benefit package and thereafter pay accordingly.
Eligibility Criteria
Primary cardholder between the age of 21 years and 60 years
Add-on cardholder should be over 18 years.
Resident Indian.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Here are the steps on how to apply for an AU Bank LIT Credit Card:
Visit the AU Bank website or download the AU 0101 app.
Click on the "Apply for Credit Card" tab.
Select the LIT Credit Card.
Enter your personal details, such as your name, address, and contact information.
Enter your income and employment details.
Select the features and benefits that you want on your card.
Submit your application.
You will need to provide the following documents to complete your application:
A copy of your PAN card
A copy of your latest bank statement
A copy of your latest salary slip (if applicable)
AU Bank will review your application and let you know the status within a few days. If your application is approved, you will receive your card in the mail within a few weeks.
Contact Details
Toll Free No: 1800 1200 1200
1800 26 66677
Email: customercare@aubank.in
Account Opening and Procedure
AU Bank LIT Credit Card is one of the best credit card for the youth. However, it is only for tech savy, as some individuals will get confused with its benefits and with the concept of choosing the benefits one wants and paying only for those benefits.
AU Bank LIT Credit Card is one of the best credit card for the youth. However, it is only for tech savy, as some individuals will get confused with its benefits and with the concept of choosing the benefits one wants and paying only for those benefits.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai