Apply for instant Credit Card Online | AU Small finance bank

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Steps to Apply for an AU Credit Card Online

Applying for an AU Credit Card online is an easy and convenient process. Here are the steps:

Pick an AU Credit Card that meets your requirements

• Click “Apply Now.”
• Complete the online application form with your personal, financial, and employment details.
• Upload documents (proof of identity, address, and income).
• Review the application.
• Submit the application.
• Get a confirmation message or email.
• Be prepared for verification and approval.
• After approval, receive your AU Credit Card at your registered address.
• Activate your credit card with the mentioned instructions.

*Above steps are indicative; these might change based on card variant and as per AU credit card decision.

AU Credit Card Eligibility Criteria

*Above steps are indicative

Things to Know Before Applying for an AU Credit Card

• It is important to evaluate the annual membership fees, reward points and cashback offers to select the best card matching your lifestyle.
• Go through the Credit Card MITC or Key Fact Statement for details of applicable fees and charges.
• Pay your bills on time to help maintain a good credit score and prevent late fees.
• Using more than 30% of your credit limit can negatively affect your credit score.

Types of Credit Cards

• Standard Credit Cards:

Standard credit cards are commonly accepted and offer a credit limit for purchases. They may impose annual fees and interest, but they can provide benefits such as special offers from merchants.

• Rewards Credit Cards:

Rewards credit cards allow you to earn cashback, points, or miles on your purchases. Ideal if you pay off your entire balance every month.

• Travel Credit Cards:

Travel credit cards provide frequent travellers with airline miles, hotel points, and privileges like access to airport lounges.

• Cashback Credit Cards:

Cashback credit cards offer cashback on purchases, typically with higher rewards for specialized categories such as groceries or restaurants.

• Secured Credit Cards:

Secured Credit Cards require a Fixed Deposit (FD) with the bank. The credit limit is typically 80% of the FD amount. It is ideal for those who are new to credit or want to rebuild their credit history.

• Business Credit Cards:

Business credit cards offer benefits geared to specific business needs, such as office supplies or travel.

Credit Card Dos and Don’ts

Dos:

• Pay on time: Ensure timely payments to avoid late fees and maintain a good credit score.
• Monitor your statements: Regularly check your statements for any unauthorized transactions or errors.
• Use rewards wisely: Take advantage of cashback, points, and other rewards by using your card for planned purchases.
• Keep utilization low: Aim to use less than 30% of your credit limit to maintain a healthy credit score.
• Know your credit limit: Be aware of your credit limit to avoid over-limit fees and potential damage to your credit score.
• Report lost/stolen cards immediately: Contact your bank immediately if your card is lost or stolen to prevent unauthorized usage.

Don’ts:

• Miss payments: Avoid missing payments as it can lead to high-interest charges and damage your credit score.
• Max out your card: Refrain from using your entire credit limit; high utilization can negatively affect your credit score.
• Ignore terms and conditions: Understand the terms, including interest rates and fees, to avoid unexpected charges.
• Take cash advances: Avoid cash advances due to high fees and interest rates.
• Apply for multiple cards simultaneously: Multiple applications can lower your credit score and signal financial instability.
• Share your card details: Keep your credit card information private to prevent fraud and unauthorized charges.

*Points mentioned are common across credit cards and are not specific to AU Credit Cards only.

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