The AU Nomo Credit Card Review - FD Based Credit Card

The AU Nomo Credit Card is an innovative offering from AU Small Finance Bank, aimed at users seeking a modern, hassle-free, and rewarding experience for their everyday spending. This card stands out with its digital-first features, seamless contactless payments, and user-friendly services, making it a strong contender in the entry-level credit card market.

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Eligibility Criteria:

• Age Range: 18 to 75 years
• Citizenship: Resident Indian
• Fixed Deposit Requirement: Creation and maintenance of a fixed deposit with a minimum amount of ₹20,000.
• Joining Fee: ₹199 + Applicable Taxes
• Renewal Fee: N/A

Welcome Benefit:

• 500 Reward Points: Earn 500 Reward Points on your first transaction within 30 days of card setup.
  (Note: 1 Reward Point = ₹0.25)

Key Features:

• Virtual Card: Upon approval, you receive a virtual card that can be used instantly for online transactions. The card also supports secure contactless payments.
• Card Management: Manage, track, and control your card through the AU 0101 App, which offers features like transaction alerts, spend insights, and card limit settings.
• Fuel Surcharge Waiver: Get a 1% fuel surcharge waiver for transactions between ₹400 and ₹5,000 at all fuel stations across the country (up to ₹100 per statement cycle).
• Interest-Free Credit Period: Enjoy up to 50 days of interest-free credit, offering flexibility in managing your payments.
• Low Foreign Currency Markup: Enjoy international transactions with a lower forex markup of just 0.99%.
• Insurance Coverage: Complimentary insurance coverage, including lost card liability, air accident cover, and purchase protection.
• EMI Conversion: Convert large purchases into EMIs for better financial management(2000 Rs and Above).
• Global Acceptance: Accepted at millions of merchants worldwide.
• FD Interest Rate: Up to 7.5% on the deposit amount.

Rewards Program:

• Earn 2 reward points for every ₹100 spent on retail purchases.
• Earn 1 reward point for every ₹100 spent on utility and insurance transactions.
  (Note: Cash, rent, education, government, EMI, fuel, BBPS, and quasi-cash transactions are not eligible for reward points. Maximum 100 reward points per transaction on utility & telecom spend.)

Pros:

• Digital-First Features: Instant virtual card issuance and comprehensive card management through the AU 0101 app offer a modern banking experience.
• Low Fees: The card offers savings and convenience with a low foreign currency markup and a fuel surcharge waiver.
• Contactless Payments: Supports secure and fast contactless payments.
• Insurance Benefits: Complimentary insurance coverage provides additional peace of mind.
• Fuel Surcharge Waiver: 1% waiver on fuel surcharge for transactions between ₹400 and ₹5,000 (up to ₹100 per statement cycle).
• Domestic Airport Lounge Access: 2 complimentary domestic airport lounge accesses every quarter upon spending ₹30,000 in the previous quarter.  For eligible list of Domestic Airport lounges click here. For detailed terms & conditions, click here
• Railway Lounge Access: 2 complimentary railway lounge accesses per quarter. Add-on cardholders can also enjoy railway lounge access within the allowed number of complimentary visits. Click here to see the list of lounges and T&Cs. 
• Xpress EMI: Convert transactions of ₹2,000 or more into easy EMIs by contacting AU online customer care.

Cons:

• Limited High-Value Rewards: Lacks competitive rewards rates for high-value spending categories like luxury shopping or travel.
• Reward Redemption Process: The reward redemption process can be somewhat complicated, and the value of rewards might be lower compared to standard reward cards.
• No Premium Perks: The absence of luxury benefits such as airport lounge access or concierge services may make this card less attractive to high-end users.
• No Substantial Welcome Benefits: Except for the 500 reward points on the first transaction, the card does not offer substantial welcome bonuses or offers.

Review Summary:

The AU Nomo Credit Card is a solid option for first-time users who don't have any other credit cards or credit history. It offers a user-friendly, digital-first experience with essential rewards and benefits. However, if you're looking for luxury perks, high-value rewards, or travel-specific features, this card may not be the best fit.

Check our YouTube Channel for AU Nomo Credit Card Detailed Review & Benefits Video - Click Here
Also, use our Affiliate link to apply for AU Nomo Credit Card  - Click Here