AU Small Finance Bank
AU LIT
Cardmember
CARD COMPARE MEMBER
Official Bank References:
AU Bank LIT Credit Card Review
Ideal Category: CustomizableJoining Fee
₹0 (Free)
Annual Fee
₹0 (Free)
Lounge access
Domestic / International
Forex Markup
3.49% of the transaction value (can be customized lower for international trips).
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Card Overview & Suitability
Who should get this card
Consumers looking to optimize rewards in their specific category (cashback, shopping, or lifetime free) and who can meet annual waiver milestones.
Who should avoid this card
Spenders who carry high monthly balances or carry card debt (due to high interest rates).
Fees & Key Charges
Official fee schedule as detailed in the Most Important Terms and Conditions (MITC).
| Fee Parameter | Charge / Milestone | Description |
|---|---|---|
| Joining Fee | ₹0 (Free) | Charged on card issuance (often offset by welcome vouchers). |
| Annual Maintenance Fee | ₹0 (Free) | Billed annually starting from the second year onwards. |
| Annual Fee Waiver Limit | Lifetime Free base card. Individual features can be activated on subscription basis. | Required spending target in the previous year to waive renewal costs. |
| Foreign Currency Markup | 3.49% of the transaction value (can be customized lower for international trips). | Markup charged on cross-border payments or foreign site checkouts. |
| Finance / Interest Charges | 3.50% per month (42% per annum). | Annualized interest rate applied to outstanding balances and new transactions. |
Reward Rates & Accelerator Rules
Maximize points accumulation by routing spends to partner e-commerce platforms.
Base Rate
Base Reward Accrual
1.0% to 1.5% cash-back equivalent on general domestic retail spends.
Accelerator
Co-Branded / Accelerated Rate
5% cashback on select merchants or preferred e-commerce partners.
Redemption
Redemption System
Adjusted against monthly outstanding statement balance or redeemable as voucher values.
Exclusions
Excluded Categories
Wallet loading, rent payments, fuel surcharges, school fees, and government transactions do not accrue rewards.
Pros & Cons Breakdown
Unbiased analysis highlighting advantages and critical limitations.
Pros & Key Benefits
- Completely unique customizable concept—pay only for the benefits you actively use.
- No charges on the base card, meaning it remains lifetime-free if no features are active.
- Ability to activate and deactivate perks like travel lounge and shopping cashback on the fly via app.
Cons & Drawbacks
- Subscriptions for multiple individual perks can make it more expensive than flat-rate cards.
- Base features (without paid add-ons) offer extremely low reward value.
- Perks require active management and monitoring within the bank's mobile application.
Eligibility Requirements
Documents Required
Card-Specific FAQs
CardCompare India is not a bank or credit card issuer. The approval of credit card applications, credit limit assignments, interest rates, and fee waivers are decided solely by the respective bank based on CIBIL verification and internal criteria. All terms displayed here are sample data pending verified confirmation; please check the Respective Bank website for official terms before applying.