AU Nomo Credit Card

Secured credit cards can be very helpful for those who are new to credit cards, students, or those who want to improve their credit scores. This type of credit card is issued against a fixed deposit. The best thing about a secured credit card is that you can continue to earn rewards while earning interest on your fixed deposit. AU Bank has launched its first-ever secured credit card called the NOMO Credit Card. With a minimum fixed deposit of ₹20,000, you can get your own credit card. This card comes with a joining fee of ₹200 and there are no renewal charges from the second year onwards, essentially making it free for a lifetime. Whether you are a student or new to credit cards, having a secured card can help you easily begin your credit journey. The NOMO Credit Card enables you to earn 2 Reward Points for every ₹100 spent on all transactions except insurance and utility bills, which earn 1 Reward Point/₹100. However, there are a few exceptions for reward earning such as fuel, government transactions, and rent, which are common industry-wide. If you are a domestic traveler, this card offers spend-based free access to airport lounges and even provides complimentary access to railway lounges. Additionally, this card rewards higher spends. By spending ₹25,000 and ₹50,000, you can earn additional Reward Points as milestone benefits. Read our detailed review and analysis of the AU Bank NOMO Credit Card and make the best choice. This is one of the few secured credit cards in India that can be easily applied online. Otherwise, a branch visit is usually needed to apply for one.