AU Small Finance Bank has launched a customizable credit card on June 22 and it allows cardholders to select the features that they desire and for the time duration that want. According to the website of AU Bank, it is country's first customizable card namely AU Bank LIT Credit Card.
According to the press release of AU Finance Bank, "Credit card companies offer eye-catching products in various categories, but customers find it hard to check the combinations of all such features in one single card. It pushes them to go for several cards providing specific category rewards.
With the launch of AU Bank "LIT" (Live-It-Today) Credit Card, bank has given the power to select these multiple features in customers' reach- all categories in one card. Also, customers have been given the choice to turn on or off these features according to their changing lifestyle needs.
According to information available on AU Small Finance Bank, "Whether its selecting & changing features based on your lifestyle, switching features on/off, paying for the features you select and even tracking and managing them on-the-go in real time, the LIT Credit Card makes sure you do nothing less than Live It Today!"
Now shopping will become more rewarding as customers can earn reward points as they shop and redeem them for exciting discounts and offers. Customers will be eligible for 10X or 5X reward points on all online domestic & international retail transactions. They can earn 10X or 5X reward points on all POS (point of sale) & contactless offline domestic & international transactions. Reward Points can be redeemed post statement generation. Cash withdrawal, fuel and EMI transactions will not be eligible for Program/Base Reward Points. Fuel, rent, insurance and cash withdrawal transactions will not be eligible for accelerated rewards i.e. 5X or 10X reward points.
2. Fuel surcharge waiver
Customers can get a fuel surcharge waiver when they refuel with their LIT Credit Card. They will be eligible for 1% fuel surcharge waiver on all transactions between INR 400 to INR 5,000.
3. Cashback on retail spends
Customers can get cashback on their retail spends using their LIT credit card. They are eligible for additional 5% cashback. Customers can earn 5% cashback 3 times over a 90 days' period. They can get 5% cashback for retail spends in addition to 1 Reward Point per INR 100 spent. The minimum retail spends of INR 7,500 and maximum cashback of INR 500 over a 30-day period. Customers can get additional 2% cashback under which they can ear 2% cashback for retail spends in addition to 1 reward point pe INR 100 spent. The minimum retail spends of INR 10,000 & maximum cashback of INR 1,000 over a 30 days period.
The LIT card offers plenty of other benefits that may include cashback benefit on your groceries, dining, travel, and fun & fitness memberships.