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AU Small Finance Bank launches array of products including Rupay credit card

Published on April 23, 2024
Current Context: AU Small Finance Bank (AU SFB) has indeed launched an array of new products on 23rd April 2024.
AU Small Finance Bank launches array of products including Rupay credit card
  • Here are the key highlights:
    • AU SPONT Rupay Credit Card: This card can be seamlessly linked to the user’s preferred UPI-enabled application, facilitating convenient payments using the UPI Scan and Pay feature. It offers 1% cashback on all transaction types (excluding select categories) and COINS rewards for UPI transactions made with the AU 0101 application.
    • Secured Credit Card - NOMO (No Missing Out): This is AU SFB’s first secured credit card, backed by a Fixed Deposit (FD). It offers reward points on card usage along with additional benefits such as airport lounge access and fuel surcharge waivers.
    • AU 0101 Business App: This app is designed to offer customized solutions for proprietorships and MSMEs.
    • ATM Insurance: This is an industry-first innovation that allows customers to buy insurance through AU SFB’s ATMs with their debit card.
    • WhatsApp Insurance: This allows customers to get a policy instantly using the WhatsApp platform.

Question:

Q.1 What is the NOMO card?
a. AU SFB’s first unsecured credit card.
b. A credit card that offers no reward points.
c. A debit card that offers reward points.
d. AU SFB’s first secured credit card backed by a Fixed Deposit (FD).
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