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Discovering the Benefits of the AU LIT Credit Card

It does, since RBi made a guideline to give customers option to choose their network preference.
Ordered mine last week.

AU bank cards are not supported to add to samsung pay.
Might be the same for Gpay too as well.
kindly elaborate the whole process for a network change from visa to rupay.
 
Thinking between milestone cashback of 2% and 5%:
Max CB for 5% is 500, so max spend is 10k, (with subscription cost of ₹353), so we get only ₹147.
So breakeven for 2% subscription ( with ₹235 cost) is ₹19,100.
For spends more than 19k , 2% milestone subscription gives more cashback, correct?
 
Thinking between milestone cashback of 2% and 5%:
Max CB for 5% is 500, so max spend is 10k, (with subscription cost of ₹353), so we get only ₹147.
So breakeven for 2% subscription ( with ₹235 cost) is ₹19,100.
For spends more than 19k , 2% milestone subscription gives more cashback, correct?
This calculation even works better when AU bank pre-credits/top-up your wallet with some initial amounts like Rs.299/-, Rs.199/- etc as token money.
Then customer only bears GST component fee.
 
Thinking between milestone cashback of 2% and 5%:
Max CB for 5% is 500, so max spend is 10k, (with subscription cost of ₹353), so we get only ₹147.
So breakeven for 2% subscription ( with ₹235 cost) is ₹19,100.
For spends more than 19k , 2% milestone subscription gives more cashback, correct?
Yes choosing between 2% and 5% totally depends on how much are we thinking to spend .
Also once you activate 2% let's say, then you want be able to purchase 5% until subscription period is over for 2%
 
If I take 2% milestone and 5% apparel cashback subscription, then is the max cashback limit 1000+1000 = ₹2000, or
..
Or is the max total cashback always ₹1000?
Every subscription feature has its own cashback cap, they are mutually exclusive and independent from each other
 
Yes choosing between 2% and 5% totally depends on how much are we thinking to spend .
Also once you activate 2% let's say, then you want be able to purchase 5% until subscription period is over for 2%
I also have similar thinking, it depends on individual, if someone is able to spend 50,000 to get 1000 cashback at 2% then that is their choice. But personally I believe in getting 5% at 500 cap which only require someone to spend only 10,000. And the best to always activate the 10x reward points because it will take care of your subscription fee. Because on every 10, 000 spend we will get ₹200-250 return as 1000 reward points.
 
Understood, and just received welcome email from them, they've provided only a limit of 2L (least in all my cc) whereas while application it was 5L
I just found the screenshot of application I took while submitting.
In the application it showed CL as 6L,
The card I got has CL as 80k.
AU is too cheap. I don't even feel like arguing/threatening them.
 
Thinking between milestone cashback of 2% and 5%:
Max CB for 5% is 500, so max spend is 10k, (with subscription cost of ₹353), so we get only ₹147.
So breakeven for 2% subscription ( with ₹235 cost) is ₹19,100.
For spends more than 19k , 2% milestone subscription gives more cashback, correct?
2% Milestone is No Brainer.

With Apparel and/or Grocery Feature Activated, 23k Monthly spends is achievable which is actual Break even Point.
 
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