AU Bank LIT Credit Card vs. Yes Bank BYOC Credit CardAU Bank LIT Credit Card vs. Yes Bank BYOC Credit Card

AU Bank LIT vs. Yes Bank BYOC Credit Card

In the saturated market of credit cards, a multitude of options exists, each presenting a unique array of rewards and privileges. This abundance can make it challenging for cardholders to make a decision. The AU Bank LIT credit card is leading the way in India as a customizable card, offering users the freedom to personalize its features according to their unique requirements and spending habits. With a lifetime free membership, this card allows users to earn rewards or cashback in categories they choose. It provides the flexibility to select specific features for a 90-day period, removing the necessity for multiple cards catering to different benefits.

Likewise, the Yes Bank BYOC credit card presents an opportunity for personalization. BYOC, or Build Your Own Card, allows users to customize their card not only by selecting its material (metal, eco-friendly, or regular plastic) but also by choosing preferred features and rewards. For a modest monthly fee of Rs. 49 plus taxes and a one-time fee depending on the chosen card material, users can opt for either 1% cashback or 8 reward points for every expenditure. This unique approach gives cardholders the freedom to create a tailored credit card experience that aligns with their individual preferences.

Features and Benefits of AU Bank LIT Credit Card and Yes Bank BYOC Credit Card

AU Bank LIT Credit Card:

  1. Customization:
    • Card users have the option to tailor their AU Bank LIT credit card to their preferences by selecting particular features and advantages. This flexibility ensures they only pay for the options they choose.
    • Customizing your experience begins by accessing the AU app consistently over a span of 90 days. Through this process, you can tailor your preferences, such as opting for cashback benefits and earning accelerated reward points, which are uniquely tailored to your personal spending patterns.
  2. Airport Lounge Access:
    • Options for domestic airport lounge access include 1 entry at Rs. 199 and 2 entries at Rs. 299, both valid for 90 days.
  3. Subscription Services:
    • You can access well-known subscription services with various offers: Get a 90-day membership for Zee5 at just Rs. 99, Amazon Prime for Rs. 199, and Cult.fit for Rs. 499.
  4. Additional Cashback:
    • Attain designated spending thresholds within set time periods to receive additional cashback rewards.
      • Get 5% cashback when you spend Rs. 7500 or more within 30 days at just Rs. 299.
      • Additional 2% cashback at Rs. 199 for 30 days on spending a minimum of Rs. 10,000.
  5. Reward Points:
    • Opt for 10x or 5x reward points on online/offline spends:
      • 10x reward points at Rs. 299 for 90 days.
      • 5x reward points at Rs. 199 for 90 days.
    • Certain transactions such as fuel purchases, cash advances, EMI payments, reloading wallets, and rent payments do not qualify for cashback rewards.
  6. Cashback Categories:
    • 5% cashback on grocery, travel, electronics, or dining spends at Rs. 299 for 90 days.
    • Get a 5% cashback deal on purchases of apparel priced at Rs. 199 for a span of 90 days. This offer has a monthly cap set at Rs. 1000.
  7. Fuel Surcharge Waiver:
    • Enjoy a 1% fuel surcharge waiver at Rs. 49 for 90 days on spends between Rs. 400 to Rs. 5000.
  8. Redemption Options:
    • Utilize your accumulated reward points for a variety of benefits such as merchandise, flights, hotel stays, bus tickets, mobile and DTH recharges, golf sessions, gift vouchers, and Airmiles.
  9. Application:
    • Individuals who are keen can submit their applications for the AU Bank LIT Credit Card.

Yes Bank BYOC Credit Card:

  1. Customization:
    • The YES Bank Bring Your Own Card (BYOC) credit card offers complete customization options, empowering users to tailor the card’s design, material, and rewards according to their individual spending patterns and preferences.
    • Joining fee: The cost is Rs. 49, and there are extra charges for selecting a specific plastic type.
  2. Card Body Options:
    • Choose between plastic or metal body variants with corresponding one-time fees.
  3. Lounge Access and Golf Benefits:
    • Complimentary domestic lounge access 4 times per year, max once per quarter.
    • Receive four complimentary rounds of golf each year along with one golf lesson every month on the calendar.
  4. Rewards/Cashback Options:
    • Choose between 1% cashback or 8 reward points per Rs. 200 spent.
    • Exclusions: Fuel, EMI, cash withdrawals, wallet reloads, etc., do not earn cashback or reward points.
  5. Accelerated Cashback on Select Merchants:
    • Opt for Silver, Gold, or Platinum plans for accelerated cashback on select merchants, including BigBasket, Swiggy, BookMyShow, Uber, and Pharmeasy.
  6. Redemption:
    • Reward points can be redeemed at the YesRewardz portal (1 RP = Rs. 0.25).
    • Cashback is directly credited to the cardholder’s account.
  7. Fuel Surcharge Waiver:
    • Enjoy a 1% fuel surcharge waiver at fuel stations nationwide.
  8. Fees:
    • The foreign exchange markup fee is calculated as 3.5% of the total transaction value.
    • Cash advance fee: Rs. 300 or 2.5% of the withdrawn amount, whichever is higher.

Comparison between AU Bank LIT Credit Card and Yes Bank BYOC Credit Card

AU Bank LIT Credit Card:

  • Joining/Annual Fee: Nil
  • Welcome Benefits: Not applicable
  • Reward Earning:
    • 1 Reward Point (RP) per Rs. 100 spent on retail
    • 10x or 5x RPs on specific features
    • Bonus cashback on specific features
  • Reward Redemption:
    • Reward points can be redeemed against products and vouchers, flight/hotel bookings, discounts, offers, etc.
  • Travel Benefits:
    • 1 or 2 complimentary domestic lounge access per quarter
  • Dining & Movie Benefits:
    • 5% cashback on dining expenses
    • 3-month Amazon Prime and Zee5 membership
  • Golf Benefits: Not applicable
  • Renewal Fee Waiver: Not applicable

Yes Bank BYOC Credit Card:

  • Joining/Annual Fee:
    • Rs. 49 monthly fee
    • Rs. 3499 for metal variant
    • Rs. 249 for eco-friendly variant
  • Welcome Benefits: Not applicable
  • Reward Earning:
    • 1% cashback or 8 RPs per Rs. 200 spent with the card
  • Reward Redemption:
    • Reward points can be redeemed against different choices at the YesRewardz portal, where 1 RP = Rs. 0.25
  • Travel Benefits:
    • Complimentary domestic lounge access per quarter
  • Dining & Movie Benefits: Not applicable
  • Golf Benefits:
    • 4 complimentary golf rounds per year
  • Renewal Fee Waiver: Not applicable

Which credit card suits you best?

  • Individuals have varying financial situations and spending behaviors, making it challenging to select a credit card from numerous options available.
  • Credit cards come in different categories: entry-level, mid-level, premium, and super-premium.
  • This discussion covers two unique credit cards: the AU Bank LIT card and the Yes Bank BYOC card, both offering customizable features.
  • AU Bank LIT credit card is lifetime free, with no joining or annual fees.
  • Yes Bank BYOC credit card has a Rs. 49 monthly membership fee and offers card type options: regular plastic, eco-friendly, or metal variant.
  • The BYOC card offers flexibility by allowing users to opt for either a 1% cashback or earn 8 reward points for every Rs. 200 spent. Additionally, users may enjoy boosted cashback opportunities with specific merchants.
  • The LIT credit card provides an array of rewarding benefits over a 90-day span. These perks encompass lounge access, various memberships, boosted reward points, cashback incentives, and waivers on fuel surcharges.
  • The AU Bank LIT stands out as an optimal option, primarily because it offers a lifelong free feature and a comprehensive array of rewards and perks tailored for its cardholders.

Frequently Asked Questions (FAQs)

Q1: What sets apart AU Bank LIT from Yes Bank BYOC credit cards?

A1: AU Bank LIT stands out as a lifetime free credit card with no joining or annual fees, while Yes Bank BYOC imposes a monthly membership fee of Rs. 49. Additionally, BYOC provides options for various card materials, including regular plastic, eco-friendly, or metal variants.

Q2: What reward choices are available for Yes Bank BYOC credit card users?

A2: Yes Bank BYOC cardholders can opt for either 1% cashback on expenditures or earn 8 reward points for every Rs. 200 spent. Furthermore, there’s a chance for boosted cashback with selected merchants.

Q3: What customization features does AU Bank LIT credit card offer?

A3: AU Bank LIT credit card offers customization features such as complimentary lounge access, memberships, accelerated reward points, cashback, and a fuel surcharge waiver, all accessible for a 90-day period.

Q4: Why is AU Bank LIT preferred over other options?

A4: AU Bank LIT is favored due to its lifetime free status and its extensive range of rewards and benefits for cardholders.

Q5: Are there any yearly charges associated with Yes Bank BYOC credit card?

A5: Yes, Yes Bank BYOC credit card incurs a monthly membership fee of Rs. 49, leading to an annual cost for users.

Q6: Can I choose the material of my Yes Bank BYOC credit card?

A6: Yes, Yes Bank BYOC offers the flexibility to select from regular plastic, eco-friendly, or metal variants for the credit card.

Q7: What distinguishes AU Bank LIT credit card in terms of fees?

A7: AU Bank LIT credit card stands out for its lifetime free status, meaning no joining or annual fees are associated with the card.

Q8: What is the duration for which AU Bank LIT credit cardholders can customize their rewards?

A8: AU Bank LIT credit cardholders can customize their rewards for a 90-day period, allowing them flexibility in selecting benefits according to their preferences.

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