Au Small Finance Bank Lit Credit Card Review

Friends, AU Small Finance Bank has recently launched a new credit card called the LIT Credit Card, making it India's first customizable credit card. Let's explore the benefits and drawbacks of this credit card in detail to help you decide whether it's the right choice for you.

AU Small Finance Bank started offering credit cards to its customers last year, and currently, more than 2,30,000 credit cards have been issued across 200+ districts. Customers of AU Small Finance Bank will receive the Zenith Credit Card. In addition to Dura 18 Plus and Vet Credit Card, the bank has introduced the LIT Credit Card, also known as the Limit Broken Credit Card, which offers customization options.

Unlike traditional credit cards tailored to specific needs like travel or shopping, the LIT Credit Card allows users to customize their benefits and turn them on or off based on their requirements. This means you can enable features like more reward points for shopping and disable others as needed. While most credit cards are offered with annual fees, the LIT Credit Card is considered lifetime free. However, you need to pay for the features you activate for three months. After that period, you can switch them on or off as desired.

Let's delve into the rewards program of the LIT Credit Card. Within a 30-day period, you can earn a maximum cashback of ₹500. Additionally, you receive one reward point per ₹1000 spent, and if you use specific features like the Five Accept Tax Reward, you get additional cashback on top of the base reward system. For example, if you spend ₹10,000 in a month, you receive an extra two percent cashback for those expenses, and this cashback can be availed up to three times in 90 days.

The cashback is also categorized based on different spending categories like grocery, dining, and travel, with no minimum spending requirement. Additionally, you can get flat five per cent cashback on any spending, but you need to select the corresponding feature and use it in that specific category.

The LIT Credit Card offers free memberships for certain services, like Amazon Prime, for three months. However, some customers have reported that the free membership might not be entirely free, and there could be additional costs. It's essential to clarify this aspect with the bank before opting for the card.

Now, whether or not you should go for the LIT Credit Card depends on your spending habits and specific needs. While it claims to be lifetime free, you need to consider the three-month feature usage fees. If you shop frequently, especially in substantial amounts, the card might be beneficial due to the cashback offers. However, if you are looking for a traditional credit card with no feature usage fees, there are other options available in the market.

Ultimately, the LIT Credit Card could be a suitable choice for those who want to customize their credit card benefits and are willing to pay for specific features that align with their spending patterns and preferences. Remember to carefully evaluate the features and decide if it aligns with your needs before deciding.

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