AU Bank LIT vs IDFC Bank FIRST SWYP Credit CardAU Bank LIT vs IDFC Bank FIRST SWYP Credit Card

Comparing AU Bank LIT Vs IDFC Bank FIRST SWYP Credit Card – Which is the Best?

In India, the popularity of credit cards has surged, notably with the advent of UPI and its integration with credit cards. The ease of conducting transactions with just a few taps has led to widespread adoption, capturing our collective attention. The year 2023 witnessed AU and IDFC Bank unveiling numerous innovative credit card offerings, and this trend of providing top-notch options is expected to continue well into 2024.

AU Bank’s LIT Credit Card and IDFC Bank’s FIRST SWYP Credit Card have gained recognition for presenting appealing and budget-friendly choices in the credit card market, particularly catering to millennials and the younger demographic.

The AU LIT Credit Card stands as a favored selection for many, while the IDFC SWYP Credit Card is a relatively recent addition to the Indian credit scene. Notably, the SWYP Card, in certain aspects, mirrors the benefits of the LIT Card, recognized as India’s inaugural customizable credit card. If you find yourself contemplating a new credit card or are caught in a dilemma between these two options, we will delve into the advantages and disadvantages of each to help you make an informed decision.

Features and Benefits of AU Bank LIT and IDFC Bank FIRST SWYP Credit Card

AU Bank LIT Credit Card:

  1. Joining/Renewal Fee: Nil
  2. Welcome Benefit: Not Applicable
  3. Most Suited for: Shopping
  4. Rewards Redemption Fee: Not Applicable
  5. Rewards Rate: 10X Reward Points for Online Transactions (Rs. 299 for 90 Days)
  6. Movie & Dining: No specific benefits mentioned
  7. Travel Benefit: One Lounge Visit (Rs. 199 for 90 Days)

IDFC Bank FIRST SWYP Credit Card:

  1. Joining/Renewal Fee: ₹499 + GST
  2. Welcome Benefit: 1,000 Reward Points on First EMI Transaction, 1 Year Lenskart Gold Membership & 1-Year Times Prime Membership
  3. Most Suited for: Travel | Shopping
  4. Rewards Redemption Fee: ₹99
  5. Rewards Rate: 200, 500, and 1,000 Reward Points on Spends of Rs. 5,000, 10,000, and 15,000 Respectively
  6. Movie & Dining: 25% Discounts on Movie Tickets
  7. Travel Benefit: 4 Free Railway Lounge Access Each Quarter

Comparison between AU Bank LIT and IDFC Bank FIRST SWYP Credit Card

AU Bank LIT Credit Card:

AU Bank presents the LIT Credit Card, a unique offering that comes with a lifetime free membership. Distinguished as India’s inaugural customizable credit card, it allows you to selectively choose and pay only for the features that align with your needs. Tailor your credit card to match your spending patterns and enjoy optimal benefits, including cashback and rewards, making the LIT Card a personalized financial solution.

1. Lounge Access: ₹199

  • Enjoy access to one lounge.

2. Additional Milestone Cashback: ₹299

  • Get 5% cashback on additional milestones.

3. Fuel Surcharge Waiver: ₹50

  • Avail a 1% waiver on fuel surcharge.

4. Rewards Points on Online Transactions: ₹299

  • Earn 10X rewards points on online transactions.

IDFC Bank FIRST SWYP Credit Card:

IDFC Bank’s FIRST SWYP Credit Card stands out with its unique and innovative features. What distinguishes this card from its counterparts is the flexibility it offers – you can either settle the entire outstanding amount at the conclusion of each billing cycle or opt for convenient EMI payments.

1. The card offers various advantages, featuring reward points and exclusive discounts on well-known brands like Tata CLiQ, Zomato, and Dominos, making it highly appealing to the younger demographic.

2. With a reasonable joining fee of only Rs. 499, the card is budget-friendly, catering to the financial considerations of its potential users.

3. The card’s compatibility with UPI apps facilitates easy linking, ensuring a seamless and convenient experience for users.

Which credit card suits you best?

  1. The AU Bank LIT Card, although a lifetime offering, requires payment for specific benefits.
  2. In contrast, the IDFC SWYP Credit Card provides all features with an annual fee.
  3. The LIT Credit Card is customizable, but features need to be paid for over 90 days.
  4. Customization allows users to choose cashback categories like electronics or apparel.
  5. The AU Bank LIT Card lets users pay only for the features they use, skipping others.
  6. IDFC SWYP Credit Card demands a small joining fee of Rs. 499 but offers transparent benefits.
  7. Ideal for the young, the IDFC SWYP Credit Card aids in converting expenses into EMIs.
  8. It provides maximum financial flexibility, catering to those occasionally short on funds.

Frequently Asked Questions (FAQs)

1. What is the AU Bank LIT Credit Card?

The AU Bank LIT Credit Card is a customizable credit card offered by AU Bank, providing a unique feature where users can pay only for the specific features they require.

2. Is the AU Bank LIT Credit Card free for a lifetime?

Yes, the AU Bank LIT Credit Card comes with a lifetime free membership, allowing users to enjoy its benefits without any annual fees.

3. What makes the AU Bank LIT Credit Card customizable?

The AU Bank LIT Credit Card is customizable as users can select and pay for specific features based on their preferences, tailoring the card to their individual needs.

4. How can I build my own credit card with the LIT Card?

With the LIT Card, you can choose features that suit your spending habits, allowing you to build a personalized credit card that maximizes benefits such as cashback and rewards.

5. What is the IDFC Bank FIRST SWYP Credit Card?

The IDFC Bank FIRST SWYP Credit Card is a credit card offered by IDFC Bank, featuring a distinctive design and a range of benefits.

6. What does “SWYP” stand for in the IDFC Bank FIRST SWYP Credit Card?

“SWYP” stands for “Swipe Your Way to Pleasure,” emphasizing the card’s focus on providing a pleasurable and convenient user experience.

7. What are the key features of the IDFC Bank FIRST SWYP Credit Card?

The IDFC Bank FIRST SWYP Credit Card comes with features such as a unique design, rewards program, and other perks to enhance the overall credit card experience.

8. How can I apply for the IDFC Bank FIRST SWYP Credit Card?

To apply for the IDFC Bank FIRST SWYP Credit Card, you can visit the bank’s official website or contact their customer service for detailed application procedures.

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