Secured credit cards are a great option for those who are new to credit, students, or individuals looking to improve their credit scores. These cards are issued against a fixed deposit (FD), allowing cardholders to enjoy the benefits of a credit card while their FD continues to earn interest. One of the newest offerings in this category is the NOMO Credit Card by AU Bank. With a minimum FD of ₹20,000, you can get this card, which comes with a nominal joining fee of ₹200. Importantly, there are no renewal charges from the second year onward, effectively making it a lifetime free card. This feature makes it an excellent choice for anyone starting their credit journey.
The NOMO Credit Card from AU Bank offers 2 Reward Points for every ₹100 spent on most transactions, except for insurance and utility bill payments, which earn 1 Reward Point per ₹100. However, like many credit cards, it does not offer rewards on fuel, government transactions, and rent payments. For domestic travelers, the card provides free airport lounge access based on spending and complimentary railway lounge access, adding significant value to the card. Additionally, it rewards higher spending with milestone benefits—spend ₹25,000 or ₹50,000 and earn extra Reward Points.
To learn more about the AU Bank NOMO Credit Card and decide if it’s the right fit for you, check out our detailed review and analysis. It’s one of the few secured credit cards in India that can be easily applied for online, eliminating the need for a branch visit in most cases.
- Overview
- AU Nomo Credit Card Fees and Charges
- AU Nomo Credit Card Features and Benefits
- Expense Management and Corporate Services
- Foreign Transaction Fee
- Eligibility
- How to Apply?
- Similar Cards to AU Nomo Credit Card
- AU Nomo Credit Card vs. SBI SimplySAVE Advantage Credit Card
- AU Nomo Credit Card vs. HDFC MoneyBack Credit Card
- Final Thoughts
- FAQ
Overview
| Feature | Details |
|---|---|
| Card Type | Cashback Credit Card |
| Reward Rate | 1% cashback on the repayment of the total amount due |
| Joining Fee | ₹200 + GST |
| Unique Selling Points | Cashback on spends, EMI options, lounge access, insurance coverage |
| Rating | ★★★★☆ (4.5/5) |
AU Nomo Credit Card Fees and Charges
| Fee Type | Details |
|---|---|
| Annual Fee | Nil |
| Finance Charges | 3.5% per month (42% per annum) |
| Foreign Transaction Fee | 3.5% + GST |
| Cash Advance Fee | 2.5% of the amount withdrawn, with a minimum of ₹300 |
| Late Payment Fee | ₹100 to ₹1,000 depending on the outstanding balance |
| Overlimit Fee | ₹500 |
AU Nomo Credit Card Features and Benefits
Cashback
- 1% Cashback: Earn 1% cashback on the repayment of the total amount due (maximum cashback per statement cycle is ₹1,000). Note: Wallet reloads, rent payments, insurance, fuel, and cash transactions are excluded from this benefit.
Instant Loan
- Quick Loans: Get an instant loan on your credit card after 90 days of issuance. Perfect for those times when business needs a quick boost or cash flow is tight.
Fuel Surcharge Waiver
- Save on Fuel: Receive a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000 at all fuel stations across India, with a maximum benefit of ₹200 per statement cycle. This perk is great for keeping those transportation costs down!
Railway Lounge Access
- Travel in Style: Enjoy 8 complimentary railway lounge accesses per year (2 per calendar quarter), perfect for unwinding before your journey. Your add-on cardholders can also enjoy these benefits within the complimentary visits. This makes waiting for trains a lot more comfortable!
Business Insurance Coverage
- Comprehensive Protection: Coverage includes Cash in Counter (₹25,000), Cash in Transit & Public Liability (₹1.5 lakh each), and Fire Insurance & Burglary & Housebreaking (₹2 lakh each). Just another way this card has your back!
Contactless Card Usage
- Tap and Go: Make quick, secure payments up to ₹5,000 without entering your PIN. Great for when you’re in a rush or want to minimize contact.
XpressEMI
- Flexible Payments: Convert transactions worth ₹2,000 or more into easy EMI options. This feature helps manage big purchases without a financial crunch, letting you stretch those payments out over time.
Add-on Cards
- Share the Love: Offer your family members or employees the benefits of the AU Nomo Credit Card with lifetime free add-on cards. Everyone gets to enjoy the perks!
Silver Spoon Dining Program
- Dine and Save: Enjoy up to 30% discount at over 300 partnered restaurants across 30 cities. Whether it’s a business lunch or a family dinner, save while you savor!
Expense Management and Corporate Services
- Detailed Spending Reports: Get comprehensive reports to track and manage expenses more effectively, perfect for maintaining control over finances.
- Customer Support: Priority customer service to address your needs swiftly. Email at [email protected] for any queries.
Foreign Transaction Fee
| Feature | Details |
|---|---|
| Foreign Transaction Fee | 3.5% + GST |
Eligibility
- Personal and Business Use: Ideal for both individual users and small businesses looking to maximize rewards and manage expenses efficiently.
- Income Requirements: Specific eligibility criteria will be based on income and credit history.
How to Apply?
- Process: Visit the AU Bank website or contact customer service. Fill out the application form and submit necessary documents. Once approved, your card will be issued.
Similar Cards to AU Nomo Credit Card
| Feature | AU Nomo Credit Card | SBI SimplySAVE Advantage Credit Card | HDFC MoneyBack Credit Card |
|---|---|---|---|
| Annual Fee | Nil | ₹499 + GST | ₹500 + GST |
| Reward Rate | 1% cashback on the repayment of the total amount due | 10 Reward Points per ₹100 on groceries, dining, etc. | 2 Reward Points per ₹150 spent |
| Expense Management | Cashback, EMI options, spending reports | Rewards on everyday spending categories | Simple reward points redemption for statement credit |
| Corporate Liability Waiver | Not applicable | Not applicable | Not applicable |
| Foreign Transaction Fee | 3.5% + GST | 3.5% + GST | 3.5% + GST |
AU Nomo Credit Card vs. SBI SimplySAVE Advantage Credit Card
The AU Nomo Credit Card focuses on cashback, especially for paying off the total amount due, making it a straightforward choice for those who prefer cashback over points. On the other hand, the SBI SimplySAVE Advantage Credit Card offers reward points on a broader range of everyday expenses, making it ideal for those who like to earn and redeem points for various rewards.
AU Nomo Credit Card vs. HDFC MoneyBack Credit Card
While the AU Nomo Credit Card emphasizes cashback and offers benefits like EMI options and insurance coverage, the HDFC MoneyBack Credit Card provides reward points that can be converted to statement credit. This makes the AU Nomo more appealing for those who value cashback and straightforward rewards, while the HDFC card is better for users who prefer accumulating points.
Final Thoughts
- AU Nomo Credit Card is perfect for those who enjoy cashback, easy EMI options, and extensive benefits like lounge access and insurance coverage.
- SBI SimplySAVE Advantage Credit Card suits users who prefer earning reward points on specific categories like groceries and dining.
- HDFC MoneyBack Credit Card is ideal for those who like converting points to reduce their credit card bill.
FAQ
What is the annual fee for the AU Nomo Credit Card?
There is no annual fee for the AU Nomo Caredit Card.
How do I earn cashback with the AU Nomo Credit Card?
Earn 1% cashback on the repayment of the total amount due, excluding specific transactions like wallet reloads, rent payments, insurance, fuel, and cash transactions.
Does the AU Nomo Credit Card offer railway lounge access?
Yes, enjoy 8 complimentary railway lounge visits per year, with up to 2 visits per calendar quarter.
What insurance benefits are included with the AU Nomo Credit Card?
The card offers comprehensive coverage, including business-related risks such as cash in transit and fire insurance.
How can I manage expenses with the AU Nomo Credit Card?
Utilize features like cashback, EMI options, and detailed spending reports to manage your expenses effectively. For more details, you can visit the bank website
