AU Nomo Credit Card
The AU Nomo Credit Card is a secured card made for students, beginners, or anyone who wants to build their credit score. It requires a fixed deposit of at least ₹20,000, allowing you to earn rewards while also gaining interest on your deposit. The card has a joining fee of ₹200, but there are no renewal charges after the first year, making it free for life.
With this card, you earn 2 reward points for every ₹100 spent on most purchases, while insurance and utility bill payments earn 1 reward point per ₹100. Some transactions like fuel, government payments, and rent do not qualify for rewards. The card also offers free access to airport lounges based on spending and includes complimentary railway lounge access, making it useful for frequent travelers. You can also earn extra reward points when you spend ₹25,000 or ₹50,000 in a year.
The card helps you save on fuel with a 1% surcharge waiver and offers lower international transaction fees. You can apply for it online without visiting a branch. Whether you're shopping, traveling, or managing everyday expenses, this card provides a secure and rewarding way to start your credit journey.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Before applying for a credit card in India, consider the following factors:
- Eligibility Criteria: Check the age, income, credit score, and employment status requirements set by the bank or financial institution.
- Credit Score: A higher credit score increases your chances of approval and may result in better offers. Ensure your credit score is in good standing.
- Interest Rates and Fees: Compare annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction fees. These can vary significantly between cards.
- Rewards and Benefits: Look for cards that offer rewards, cashback, discounts, or other perks that align with your spending habits.
- Credit Limit: Make sure the credit limit offered is in line with your financial needs. Avoid over-borrowing, which can lead to high-interest charges.
- Repayment Terms: Understand the repayment options, minimum payment amount, and due dates. Consider how easily you can manage timely payments to avoid interest accumulation.
- Card Type and Features: Choose a card type (e.g., standard, premium, travel, etc.) based on your requirements. Some cards offer more benefits for specific categories like travel, shopping, or dining.
- Bank’s Reputation: Opt for a bank with a good track record of customer service and transparency. Read reviews and consider their customer support accessibility.
- Hidden Charges: Be aware of any hidden fees, such as annual fees, balance transfer charges, and cash withdrawal fees.
- Credit Utilization: Ensure you can manage your spending within the credit limit to maintain a healthy credit utilization ratio, which impacts your credit score.
- Long-Term Financial Plans: Think about how the credit card will fit into your long-term financial goals and avoid accumulating unnecessary debt.
AU NOMO Credit Card Joining Benefit
When you get the AU NOMO Credit Card, you receive 500 Reward Points as a welcome gift, worth Rs. 125. To claim this, you need to make at least one transaction within 30 days of getting the card.
Reward Points
You can earn points on your spending with this card:
- 2 Reward Points for every ₹100 spent on shopping.
- 1 Reward Point for every ₹100 spent on utility bills and insurance payments.
Note: You won’t get points for fuel, cash withdrawals, rent, education, or government payments. Points can be redeemed through AU Rewardz, with 1 point equal to ₹0.25.
Milestone Rewards
The card also gives extra points when you spend a certain amount in a quarter:
- Spend ₹25,000 – get 500 extra points.
- Spend ₹50,000 – get 500 more points.
Cash and fuel payments don’t count for these milestones. Since milestones are calculated quarterly, it’s easy to meet them even with the minimum fixed deposit.
Low Forex Charges
If you use your card for international transactions, the AU NOMO Credit Card charges only 0.99% as forex fee. This is much lower than most other cards, which charge around 3.5%. This is useful for people shopping abroad or on international websites.
Free Domestic Airport Lounge Access
Spend ₹20,000 in a quarter and get 2 free domestic airport lounge visits. Many cards require higher spending, so this card makes lounge access more affordable for regular travelers.
Free Railway Lounge Visits
The card also gives 2 free railway lounge visits per quarter (8 per year) for both primary and add-on cardholders, making it handy for frequent train travelers.
Card Review
The AU NOMO Credit Card is a secured card from AU Bank. It’s perfect for first-time credit card users, students, or those who can’t get a regular card. Highlights include:
- Low joining fee of ₹200 and no renewal charges – essentially a free card for life.
- Reward Points for shopping, utilities, and insurance.
- Extra points for milestone spending each quarter.
- Low forex charges for international use.
- Complimentary airport and railway lounge visits.
- Requires a minimum fixed deposit of ₹20,000.
AU Nomo Credit Card Review
Overall, the AU NOMO Credit Card is affordable, easy to use, and comes with useful rewards and travel benefits. It’s a great choice for students, new card users, or anyone who wants a simple card with bonus points and lounge access.
What's the least amount of fixed deposit needed to get the NOMO Credit Card?
You need a fixed deposit of at least ₹20,000.
Do you have to pay any yearly fee to keep using the AU NOMO Credit Card, or is it free forever?
No, it has a one-time joining fee of ₹200 plus taxes, but there are no yearly charges after the first year. You also get 500 Reward Points as a welcome benefit.
Who is eligible to apply for the NOMO Credit Card?
You must be at least 18 years old, an Indian citizen, and have a ₹20,000 Fixed Deposit with AU Bank.
How can a secured credit card be useful for you?
It helps build your credit score, doesn’t require income proof, and lets you earn interest on your deposit while using the credit card.
How can I use my contactless card where tap payments aren’t accepted?
Just tap, insert, or swipe the card to make the payment like you do with any normal debit or credit card.
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