AU NOMO Credit Card

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AU NOMO Credit Card Review: Features, Benefits, and Application Process

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Joining Fee: ₹199 + GST

The AU NOMO Credit Card is a secured credit card offered by AU Small Finance Bank, designed for individuals looking to build or improve their credit history. By securing the card against a fixed deposit, cardholders can enjoy a range of benefits, including reward points, travel perks, and a low foreign exchange markup fee.

Key Features and Benefits of the AU NOMO Credit Card

Welcome Benefit
Cardholders receive 500 Reward Points upon completing their first transaction within 30 days of card setup.
Reward Points
- Retail Purchases: Earn 2 Reward Points for every ₹100 spent.
- Utility and Insurance Transactions: Earn 1 Reward Point for every ₹100 spent, with a cap of 100 Reward Points per transaction.

Note: Transactions such as cash withdrawals, rent payments, education fees, government charges, EMIs, fuel purchases, BBPS, and quasi-cash transactions do not earn Reward Points.

Milestone Benefits
- Spend ₹25,000 on retail purchases in a quarter to earn 500 additional Reward Points.
- Spend ₹50,000 on retail purchases in a quarter to earn an extra 500 Reward Points.

Note: Fuel and cash transactions are excluded from milestone benefit calculations.

Travel Benefits
- Domestic Airport Lounge Access: Enjoy 2 complimentary visits per quarter upon achieving ₹30,000 in spends in the previous quarter.
- Railway Lounge Access: Avail 2 complimentary visits per calendar quarter. Add-on cardholders share this benefit within the allowed number of visits.
Low Forex Markup Fee

Benefit from a reduced foreign exchange markup fee of just 0.99% on international transactions.

Fuel Surcharge Waiver

Receive a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, up to ₹100 per statement cycle.

Contactless Payments

Make secure and convenient payments by tapping your card for transactions up to ₹5,000 without entering a PIN.

Xpress EMI

Convert transactions of ₹2,000 or more into easy EMIs by contacting the bank’s customer care.

Eligibility Criteria

Age: Self Employed: 25 years to 65 years & Salaried: 21 years to 60 years; add-on cardholders must be over 18 years.
Residency: Applicant must be a resident of India.
Fixed Deposit: A minimum fixed deposit of ₹20,000 with AU Small Finance Bank is required. (Note: Fixed deposits must be in the applicant's sole name and cannot be joint accounts, tax-saving FDs, third-party FDs, or non-callable FDs.)

Application Process

To apply for the AU NOMO Credit Card, visit the AU Small Finance Bank website and navigate to the NOMO Credit Card section. Ensure you have an active fixed deposit with the bank before applying.

Fees and Charges

Joining Fees	₹ 199 – One Time Joining Fee
Annual Fees	Lifetime Free
Cash Advance Charges	2.5% of the Cash withdrawal amount or ₹ 500, whichever is higher.
Fuel Surcharge Waiver	Maximum of ₹ 100 per statement month
Railway Ticket Purchase Fee	As prescribed by Indian Railways / IRCTC
Interest Free Period	Up to 48 Days (Not applicable for cash withdrawal)
Interest Charges	3.59% per month (43.08% per annum) + GST
Late Payment Charges (Basis Credit Card Bill Amount)	Less than or equal to ₹ 100 : Nill Above ₹ 100 and up to ₹ 500 : ₹ 100 Above ₹ 500 and up to ₹ 5,000 : ₹ 600 Above ₹ 5,000 and up to ₹ 10,000 : ₹ 700 Above ₹ 10,000 and up to ₹ 20,000 : ₹ 800 Above ₹ 20,000 and up to ₹ 50,000 : ₹ 1100 Above ₹ 50,000 : ₹ 1300
Overlimit Charges	2.5% of overlimit amount, subject to a minimum of ₹ 500
Cash Advance Limit	70% of the card limit
Billing Statement	Periodicity: Monthly on a pre-determined date. Mode: As per customer's choice. E-statement through SMS or E-mail & Physical statement through courier
Outstation Cheque Processing Charges	₹ 25/-
Foreign Currency Transaction/ Dynamic & Static Conversion Transactions - Cross Currency Markup Charges	0.99%
Payment Return Charges	2% of Total Amount Due or Minimum of ₹ 500 whichever is higher on return/failure of Credit Card outstanding payment (Cheque, ECS/NACH, Autopay).
Duplicated Physical Statement Request Charges	₹ 100/-
EMI Conversion Charges	1% of the amount being converted to EMI, subject to a minimum of ₹ 99 + GST.
Reward Point Redemption	A nominal fee of ₹ 99 + GST will be levied on each successful redemption.
Card Transfer Charges	₹ 199 + GST

Pros and Cons of the AU NOMO Credit Card

Pros

Easy Approval with FD: Since this is a secured credit card, approval is easier for those with low or no credit history.
Credit Building Opportunity: Helps users build or improve their credit score by making timely payments.
Zero Annual Renewal Fees: No annual fees from the second year onwards.

Cons

Limited Reward Categories: No extra rewards on specific categories like dining, groceries, or online shopping.
No Cashback Benefits: Unlike some competitor credit cards, it does not offer direct cashback.
Reward Point Restrictions: Utility, insurance, rent, education, and government transactions earn fewer or no Reward Points.

Conclusion

The AU NOMO Credit Card is an excellent choice for those looking for a flexible, secure, and user-friendly credit option. With no hidden fees, a seamless digital experience, and a strong focus on financial security, this card provides multiple benefits for users at different financial stages.

Whether you need a secured credit card to build your credit history or an unsecured option with exclusive rewards, the AU NOMO Credit Card has you covered. Apply today and take control of your financial future with a smart and convenient credit solution.