There are numerous benefits of using a Secured Credit Card. It helps to build your Credit history. You can get this without submitting any documents or income proofs. Also, you continue to earn interest on your Fixed Deposits while enjoying the benefits of a Credit Card.

• The applicant must be aged 18 years or above
• The applicant must qualify as a Resident Indian
• The applicant needs to have a Fixed Deposit in his/her name with AU Small Finance Bank

AU NOMO Credit Card is a Credit Card backed by a Fixed Deposit which is refundable. It helps you get a Credit Card even if you don’t have strong bureau footprints, which further helps to build your Credit Score.

The AU NOMO Credit Card is issued against a Fixed Deposit. This FD amount acts as a collateral, and is hence required to use this Credit Card. Upon successful creation of your FD, a lien will be marked on 100% of the FD value.

A Fixed Deposit (FD) acts as collateral for an AU NOMO Credit Card, as the bank puts a lien on the FD until the customer returns the Credit Card. If the customer defaults on the Credit Card payments, the bank can use the FD to cover the outstanding balance.

• Fixed Deposits which are in the name of single individual only shall be eligible for AU NOMO Credit Cards. This program is applicable to FDs with sole ownership only and not applicable to joint ownership FD’s, tax saving FD, Third Party FD & NO-callable FD.
• Fixed Deposit Amount should be at least ₹20,000.
• Fixed Deposit should be in cumulative/re-invest and auto-renewed mode.

There is one time Joining Fee of ₹199 on AU NOMO Credit Card. The Card is free from 2nd year onwards. Also, you get Welcome Benefit of 500 Reward Points by doing 1st transaction within 30-days of card setup.