CREDIT CARD AGAINST FIXED DEPOSIT || LIFETIME FREE CARD

Axis Bank Insta Easy Credit Card

Our Rating 4.0
Top Reasons to Choose
✔︎
Lifetime free credit card
✔︎
No income proof || no credit score required - since card is issued against personal fixed deposit
1.20%
Benefit on all purchases outside India
Annual Fee

₹0

Minimum Income

Not required

Annual Fee Offers
  • Welcome offer : You get 100 EDGE reward points , on your 1st online transaction with the card

LIFETIME FREE BOB CARD, ISSUED AGAINST FIXED DEPOSIT

Bank of Baroda PRIME Credit Card

Our Rating 4.0
Top Reasons to Choose
✔︎
Lifetime free card – zero annual fee
✔︎
Guaranteed approval card against fixed deposit – no income proof required || no credit score required
✔︎
Fuel surcharge waiver, upto ₹250 per month
Annual Fee

₹0

Minimum Income

Not required, since the card is issued against a fixed deposit

Annual Fee Offers
  • Nil

LIFETIME FREE CARD, ISSUED AGAINST FIXED DEPOSIT

IDFC WOW Credit Card

Our Rating 4.0
Top Reasons to Choose
✔︎
Lifetime free card – zero annual fee
✔︎
Guaranteed approval card against fixed deposit – no income proof required || no credit score required
✔︎
No fee on international transactions
✔︎
Complimentary Emergency Roadside Assistance (RSA) package worth ₹1399
Annual Fee

₹0

Minimum Income

Not required, since the card is issued against a fixed deposit

Annual Fee Offers
  • Nil

LIFETIME FREE BEGINNER CARD, ISSUED AGAINST FIXED DEPOSIT

Kotak Bank #811 Dream Different Credit Card

Our Rating 4.0
Top Reasons to Choose
✔︎
Lifetime free card
✔︎
Fixed deposit based card – no income proof required || instant approval card
✔︎
Rail surcharge waiver (upto ₹500 per year) & fuel surcharge waiver (upto ₹3500 per year)
Annual Fee

₹0

Minimum Income

Not applicable, since the card is issued against fixed deposit

Annual Fee Offers
  • Welcome offer worth ₹125

EXCLUSIVE CARD FOR NRIs, ISSUED AGAINST FIXED DEPOSIT

Kotak NRI Royale Signature Credit Card

Our Rating 3.25
Top Reasons to Choose
✔︎
Card for NRIs : No income proof and credit history in India required since the card is issued against a fixed deposit
✔︎
Complimentary airport lounge access in India - 2 per quarter
2%
Benefit on international card spends
Annual Fee

₹1000

Minimum Income

Not Specified

Annual Fee Offers
  • Nil

FREE CARD FOR 4 YEARS || FIXED DEPOSIT BASED CARD

SBI Card Unnati

Our Rating 3.75
Top Reasons to Choose
✔︎
No annual fee for 4 years
✔︎
No income proof or credit score required, since card is issued against a fixed deposit
Annual Fee

₹0

Minimum Income

Not Specified

Annual Fee Offers
  • Nil

Credit card against FD || Fixed deposit credit card

Fixed deposit credit card OR credit card against FD are credit cards designed for people who do not meet the usual eligibility requirements for credit cards, such as income and credit score.

These cards are cards against fixed deposit, meaning you need to open a fixed deposit account against which the bank provides you with a credit card. The fixed deposit protects the bank from losing money, in case you do not pay your credit card bills on time. You continue to earn FD interest.

As a result, a fixed deposit credit card is particularly well-suited for individuals with poor credit or no credit history, as well as those with limited or insufficient income. This includes students, gig workers, housewives, and individuals who are entering the workforce for the first time.

Hence you need to keep the above factors in mind, when choosing the most suitable fixed deposit credit card for your needs.

Fixed deposit credit card offers 

How do I choose the best credit card against FD?

When looking for the best credit card against FD, two primary factors should be considered – the card's annual fee and the associated benefits.

A credit card against FD may not charge an annual fee, but the rewards & benefits on such a card maybe minimal.

If you keep a larger fixed deposit amount, you may be able to get more premium cards with higher rewards and additional benefits, though with a higher annual fee.

How can you help me get the best credit card against FD ?

This page features some of the best fixed deposit credit cards for beginners in india. After thoroughly going through these credit card against FD options, and selecting a card that suits your preferences, you can easily submit an online application directly from this page.

You can also get in touch with the respective banks and enquire about more premium cards, which can be issued against an FD.

Credit card against FD - advantages & disadvantages 

The main benefit is that individuals need not worry about maintaining a satisfactory credit score, or providing proof of adequate income to obtain a fixed deposit credit card, helping them to immediately begin their credit journey. Many of these fixed deposit credit cards also do not charge an annual fee, making them a great choice for those who also prefer the simplicity of a lifetime free credit card.

However, the main disadvantage is that obtaining such a fixed deposit credit card requires opening a fixed deposit account. Although you get FD interest, plus some cards offer liquidity by allowing interest-free cash withdrawals.

Another disadvantage is that a fixed deposit credit card usually offers a low reward rate on card spending, and minimal benefits. Nevertheless, the purpose of a fixed deposit credit card is to establish and enhance your credit score, paving the way for access to higher-reward cards in the future. Therefore, a credit card against FD should be seen as a first step towards a more promising financial future.

How can I apply for a credit card against FD?

FD credit card – apply online

After going through the credit cards on this page, you can apply for a suitable fixed deposit credit card online, by clicking on the APPLY NOW button against the respective credit card, directly from this page.

FD credit card – apply offline

You can also apply for a fixed deposit credit card offline, by going to the nearest branch of the respective bank, and talk to an executive regarding the process.

What is the interest rate on a fixed deposit credit card?

The interest rate on a fixed deposit credit card is the rate which is charged on any unpaid balance beyond the due date of your credit card bill. Interest is also charged on any cash advance amounts. Cash advances occur when you use your credit card to withdraw cash from ATMs

The interest rate, along with other fees & charges, is mentioned in the full reviews of each of the credit cards on this page.

Which is the best starter credit card ?

Starter cards include fixed deposit credit cards, as previously discussed. Additionally, starter cards can refer to those cards with the lowest minimum income & credit score requirements, often accompanied by a relatively lower annual fee. These cards are good choices for people starting their credit journey, providing a stepping stone to more favorable options as their income and credit scores progress.

Best credit cards in India

Please do explore the full range of credit cards on offer –

 Best shopping cards || Best travel cards || Best fuel cards || Best free cards || Best utility bill payment cards || Best cashback cards || Best premium cards