Does AU Small Finance Bank have credit cards tailored for students? Can students apply without a stable income or credit history? Are there age or academic enrollment requirements? Does the bank offer secured credit cards against fixed deposits for students? Are there lower credit limit cards or prepaid credit cards available for students?
Students without a typical credit history can apply for a secured credit card backed by a Fixed Deposit (FD), however AU Small Finance Bank does not offer student-only credit cards. Benefits like reward points and lounge access are available with the AU NOMO Credit Card, which has a minimum FD of ₹10,000. A credit history that is developed via responsible use may improve one’s eligibility for future unsecured credit cards.
Absolutely, AU Small Finance Bank offers options that can help students access credit cards, even if they don’t have a credit history. Here’s how:
1. Add-On Credit Cards for Students
If you’re over 18, you can apply for an Add-On Credit Card linked to a parent or guardian’s existing AU credit card. This allows you to use a credit card for daily expenses while the primary cardholder manages the account. It’s a practical way to start building your credit profile.
2. Secured Credit Cards (NOMO Card)
For students without a credit history, the AU NOMO Credit Card is a viable option. This card requires a fixed deposit with the bank as collateral, making it accessible even without income proof. It’s designed to help individuals build or rebuild their credit history.
3. Student Savings Account
While not a credit card, opening an AU Student Savings Account can be beneficial. It offers high-interest rates, no minimum balance requirement, and access to banking services, which can help you manage finances and potentially qualify for a credit card in the future.
For more details on these options, you can visit AU Small Finance Bank’s official website: