AU Small Finance Bank is one of the largest SFBs in the country which provides all banking sector services and products including, loans and credits. Credit Card is one of the products which AU SFB has and that too is very flexible in nature. There are many credit cards present in the market by the AU Bank and all of them are quite different from each other covering all the categories differently. AU Bank is also famous for its AU Lit Credit Cards as it is one of the most unique and best credit cards present in the market.
Looking forward to the types of credit cards by AU Bank, there are several of them. Credit cards are usually determined based on their type and for what purpose they are curated. There are further distinctions regarding the types of credit cards present, below are mentioned the major ones –
Standard Credit Cards –
These types of credit cards are the most common and are widely accepted. These types of credit cards provide you with credit and also allow you to make full use of your pre-determined credit limit. These types of credit cards come with a range of features and benefit like reward programs and purchase protection maybe.
Rewards Credit Cards –
These types of cards are designed to provide value back by offering rewards like points, miles, or cashback based on your spending. These accumulated rewards can be further redeemed against a variety of options present.
Travel Credit Cards –
These types of credit cards are specifically designed for people spending a lot of their time and money traveling. The majority of travel credit cards in the market are co-branded credit cards. These types of credit cards usually have decent forex markup charges which can help you avoid fluctuations in the international market.
Cashback Credit Cards –
The Cashback Credit Cards are basically for those people who prefer monetary value over rewards. With these types of credit cards, you get cashback on your purchases, which can be further redeemed for the vouchers and other products mentioned in the bank's catalog, or the accumulated amount gets deducted from your bill.
Balance Transfer Credit Cards –
These types of credit cards are curated to help individuals consolidate their credit card debt. They usually offer 0% introductory APR on balance transfers which can help you save some for a specific period.
Secured Credit Cards –
These types of credit cards are the most secure form of credit a bank can provide you. These cards are issued by opening an FD in the bank and the bank provides you with a credit card of the same credit limit as the amount of your FD making the credit provided by the bank secure.
Business Credit Cards –
These credit cards are not for individuals but for business owners and entrepreneurs. The cards can provide the funds and manage the expenses and they also have a rewarding system which makes them very efficient for business.
There are many types of credit cards you can find in the market. Understanding all of these might be difficult. But the credit card types present in the market can help you select a card that aligns with your financial goals and lifestyle. These credit cards can help you make the most out of your purchases.