AU Bank NOMO Credit Card
AU NOMO Credit Card is a secured card which is issued against FD of minimum deposits of ₹20,000. Secured credit card is good option who is new to credit card journey or student. The best part of this card is it also offer Domestic Airport lounge access on reaching minimum spend criteria and also railway lounge access which is attractive for them who is starting their credit card journey. The card comes with joining fee of ₹199 and from 2nd year onward this become lifetime free. Apart from all these benefits this card also offer very low forex charge fee 0.99% which shall be attractive for international traveller. Read in details to know more about this card.
JOINING FEE
Rs.199+GST
RENEWAL FEE
NIL
BENEFITS
2 Railway Lounge per quarter in year & 2 Domestic airport Lounge per Quarter on spending ₹20000 in previous Quarter
Key Features of AU SPONT Credit Card
Welcome Benefits
- AU NOMO Credit Card offer 500 reward points as welcome benefits and to get this reward you need to make a transaction within 30 days of card issuance. The value of 500 reward point is ₹125 (1 reward point = ₹0.25).
Reward points
- Earn 2 Reward point on every ₹100 retail spends.
- Earn 1 Reward point on every ₹100 spent on utility and Insurance transaction.
- No Cashback on transaction done on Fuel, Wallet, Rent, Govt. Transaction, EMI, Cash Advances.
Milestone Benefits
- Earn 500 Reward points on reaching spending milestone criteria that is ₹25,000 per quarter.
- Additional 500 Reward points on spending ₹50,000 in a quarter.
Fuel Surcharge Waiver
- Get 1% Fuel surcharge waiver on fuel transaction between ₹400 to ₹5000 and maximum waiver is Rs.100 per month. Note that you will not get any reward point on fuel spends.
Lounge Access
- Get complimentary 2 domestic lounge visit per quarter after spending ₹20,000 in current quarter.
- Get 2 complimentary IRCTC lounge every quarter at kolkata, New delhi, Jaipur, Agra, Ahemdabad railway station.
Reward Redemption
- The earned Reward points can be redeemed on AU Rewardz portal where value of 1 reward point = ₹0.25. the reward portal have variety of benefits like voucher, Mobile/DTH Recharge, Flight/hotel booking.
Fees & Charges
Foreign Currency Markup
- Most Credit Card have foreign markup fee is 3.5%, only the premium credit card have very low forex charge. The NOMO card is great example which is issued against FD still have very low Foreign markup fee that is 0.99%.
Finance Charges & Cash withdrawal Fee
- Interest rate is 3.75% per month that is 55.55% per annum.
- Cash withdawal fee is min Rs.500 upto 2.5% of cash withdrawal amount.
Eligibility Criteria
- The applicant age must be 21-60 years for salaried employee and 25-65 years for self employed and he/she should be resident of India.
- This credit card issued against FD with minimum deposit of ₹20000.
- Final Thoughts
AU NOMO Credit Card is a secured card with minimum deposit of ₹20,000. It comes with joining fee of ₹199 and from 2nd year onward become free. This card is very useful for those who don’t have any credit score and want to begin credit card journey. Those who are frequent traveller they can also inclined toward this card because of domestic lounge access and railway lounge access and spending criteria on lounge access can easily meet up because you have to complete in a quarter not monthly. Overall decent card for traveller and student, can also look other credit card for more features and benefits.
- Frequently Asked Questions
Which transaction is excluded in cashback program?
Fuel, Wallet, Rent, Govt. Transaction, EMI, Cash Advances are excluded in cashpoint program.
Does AU NOMO credit card have spend based annual fee waiver?
There is only joining fee in 1st year and after 2nd year onward its become lifetime free.
What if I need to break FD in case of emergency?
You can always withdraw you FD money after settling the outstanding balance of your card.