Best Credit Cards Against FD - Complete Guide to Secured Credit Cards

Lifetime free, no annual fee

Guaranteed approval against fixed deposit, no income proof or credit score required

• Minimum FD amount: ₹20,000
• Credit limit: Minimum 100% of FD amount

Zero forex fees on international transactions

Rewards Program

• 0.66% rewards on all eligible spending (2.66 reward points per ₹100 spent)
• 1 reward point = ₹0.25

Exceptions & important exclusions

• Insurance & utilities: 0.16% rewards (0.66 points per ₹100)
• No rewards: Fuel purchases, EMI transactions, cash withdrawals

Redemption 

• Points redeemable via IDFC FIRST rewards platform
• Options: Vouchers, products, and more

Fuel Savings

• 1% fuel surcharge waiver up to ₹200 per month
• Valid on fuel transactions between ₹200-₹5,000

Roadside Assistance (₹1,399 value)

24/7 emergency services (up to 4 times/year):

• Flat tire service & tire replacement
• Battery jump-start or replacement
• Emergency fuel delivery
• Lost key replacement & minor repairs
• Vehicle towing & assistance via Global Assure

Comprehensive Insurance Coverage

Card Security Protection

• ₹25,000 lost card liability & fraud protection
• Covers counterfeit, skimming, phishing for online purchases

Personal Protection

• ₹2 lakh personal accident cover
• Coverage for accidental death or permanent disability

Purchase & Credit Protection

• ₹25,000 purchase protection cover
• ₹50,000 credit shield cover

Bank of Baroda PRIME Credit Card is a lifetime free BOB credit card (no annual fee credit card) : No annual fee is charged on your card.

Guaranteed approval card against fixed deposit – no income proof required || no credit score required

Minimum fixed deposit amount required is ₹30,000.

0.40% reward on all card spends

• You earn 2 reward points worth ₹0.40, on every ₹100 you spend on all card purchases
• 1 reward point = ₹0.20 and can be redeemed as cashback
• Important exclusions: You earn no reward points on purchases like fuel, rent, education, government, insurance, wallet loads, charity, and supermarket purchases.

Free 'Personal Accident Death Cover':  Air - ₹15 lakhs, Non-Air - ₹5 lakhs

Fuel surcharge waiver, up to ₹250 per month, and valid only on fuel transactions between ₹400 and ₹5000

Secured card, issued against minimum fixed deposit of ₹25000

No annual fee for the first 4 years 

0.25% basic rewards on card spending

• Up to 0.25% rewards on all eligible spending (1 reward point per ₹100 spent)
• Reward points can be redeemed for gifts on SBI Rewards Catalogue

Important exclusions: No reward points

• Cash withdrawals & balance transfers
• Encash & FlexiPay transactions
• Fuel purchases

Up to 1% additional reward through milestone program

• ₹500 cashback, at ₹50,000 yearly spending (1% reward)
• Cashback credited within 15 days of reaching required spending

Fuel surcharge waiver

• 1% fuel surcharge waiver on fuel transactions between ₹500 and ₹3000
• Waiver amount is restricted to ₹100 per month

Lifetime free credit card (no annual fee credit card)

Fixed deposit based card – no income proof required || instant approval card 

• Credit card is issued against your fixed deposit, for customers between 18 years and 75 years of age
• Income documents not required, since the card is issued against the security of your fixed deposit

Minimum fixed deposit amount required is ₹10,000

• Minimum fixed deposit requirement of ₹10,000, for both Kotak 811 customers as well as other customers
• Joining fee of ₹250 for FD amount below ₹20,000

Flexible credit limit, up to 90% of fixed deposit amount 

• You can choose a credit limit of your preference, up to 90% of fixed deposit amount (maximum ₹16 lakhs)

1% benefit on online card spends || 0.25% benefit on all other card spends

• You earn 4 reward points worth ₹1, on every ₹100 you spend on online purchases. You earn 1 points worth ₹0.25 (25 paise), on every ₹100 you spend on all other card purchases
• 1 reward point = ₹0.25 (25 paise), and can be redeemed on Kotak’s reward redemption platform (kotakrewards.com) for vouchers, products and more.

Exceptions : No reward points are given on fuel spends, railway spends, cash withdrawals.

Additional benefit of up to 1.4%, on achieving yearly card spend of ₹72,000 (milestone benefit)

• Amazon voucher worth ₹250, at yearly card spend of ₹36000 - 0.69% benefit
• Amazon voucher worth ₹1000, at yearly card spend of ₹72000 - 1.38% benefit

Note: Cash withdrawals, fuel spends and EMI conversion spends won’t be considered for milestone transactions.

1.8% – 2.5% surcharge waiver on railway ticket bookings, upto ₹500 per year

• 1.8% for transactions made on the IRCTC website
• 2.5% for transactions made at Indian railway booking counters
• Maximum waiver of ₹500 per year

1% fuel surcharge waiver at all fuel stations, up to ₹3500 per year

• Only on fuel transactions ranging between ₹500 and ₹4000, and
• Only on fuel purchases up to ₹3.50 lakhs per year, since waiver is capped at ₹3,500 per year

Interest-free cash withdrawal 

• You can withdraw cash up to 90% of your total credit card limit
• No interest is charged on ATM cash withdrawals up to 48 days (unlike most other credit cards).
• A processing fee of ₹100 is charged on each cash withdrawal, hence ideally one should withdraw cash only in an emergency

Card is issued based on a fixed deposit, it is a guaranteed approval credit card

Fixed deposit amount requirement: Minimum: ₹15,000, Maximum: ₹25 Lakh

0.40% reward on card spending  

• Earn 2 EDGE reward points worth ₹0.40, on every ₹100 spent
• 1 reward point = ₹0.20 (20 paise), and can be redeemed on Axis Bank’s reward redemption platform
• No reward points are given on movie transactions

25% discount on movie ticket purchases up to ₹4000 per year: Get a 25% discount on movie ticket purchases up to ₹4000 per year, since the maximum discount given is ₹1000 per year

EazyDiner restaurants - 15% discounts (up to ₹500), once per month

• 15% discount on restaurant transactions between ₹2500 and ₹3333 (maximum discount of ₹500 per transaction, minimum transaction amount of ₹2500). 
• On transactions above ₹3333, your discount percentage will fall below 15%.
• Offer valid 1 time per month
• Restaurant bill need to be paid through the EazyDiner app (PayEazy)

Fuel surcharge waiver (up to ₹400 per month), valid only on fuel transactions between ₹400 and ₹4000

Card is issued based on a fixed deposit, it is a guaranteed approval credit card

1% reward on card spending  

• Earn 5 EDGE reward points worth ₹1, on every ₹100 spent
• 1 reward point = ₹0.20 (20 paise), and can be redeemed on Axis Bank’s reward redemption platform

Up to 0.8% additional milestone reward, at ₹2.50 lakh annual card spend: Earn 10,000 EDGE reward points worth ₹2000, at ₹2.50 lakh annual card spend - 0.80% reward

Complimentary domestic airport lounge access - 2 times per quarter. ₹50,000 card spend required in the previous quarter, to avail this benefit in the next quarter

15% discount (up to ₹500) at EazyDiner restaurants, once per month

• Minimum transaction amount of ₹2500
• Offer is in addition to any restaurant offer.
• Restaurant bill need to be paid through the EazyDiner app (PayEazy)

Complimentary insurance benefits

• ₹1 lakh purchase protection cover
• US$ 300 coverage for loss of travel documents
• US$ 300 coverage for check-in baggage delay
• US$ 500 coverage for check-in baggage loss
• ₹1 lakh credit shield cover

Fuel surcharge waiver (up to ₹400 per month), valid only on fuel transactions between ₹400 and ₹4000

Virtual fixed-deposit credit card, opened against the security of a fixed deposit

• Minimum fixed deposit of ₹5,000 is required with IDFC FIRST Bank
• Card credit limit will be minimum 100% of your fixed deposit amount.

It is a Rupay credit card, hence can be used for UPI payments also

1% cashback on all card spends up to ₹50,000 per month, via the IDFC FIRST Bank mobile app || 0.5% cashback on UPI spends via other apps and all online spends

• Restrictions: Maximum cashback given is ₹500 per month, which you will reach at monthly card spend of ₹50,000

Exceptions

• 0.50% cashback on the following card spends - utilities, insurance, and wallet load

25% discount (up to ₹100) on movie tickets booked on District by Zomato, once a month

• This offer is applicable if a minimum of one or more tickets are booked
• This offer is applicable once a month

Complimentary roadside assistance worth ₹1,399

• 24X7 assistance for flat tires & tire change, battery jump-start or alternate battery, fuel delivery, lost key replacement, minor repairs, vehicle towing (if required) – provided through Global Assure
• You can avail this benefit up to 4 times a year

Complimentary insurance covers

• Lost card liability of ₹25,000
• Personal accident cover of ₹2 lakhs
• Credit Shield cover of ₹50,000
• Purchase Protection of ₹25,000

2.50% benefit (10X) on select online partners – Myntra (fashion) || Cleartrip, Yatra (travel) || Dominos (dining) || BookMyShow (movies) || Apollo24×7, Netmeds (health & medicine) || IGP

• Earn 10 reward points worth ₹2.50, on every ₹100 you spend at these partners.
• 1 reward point = ₹0.25 or 25 paise approximately, and can be redeemed for gift vouchers from SimplyCLICK Partners, in the rewards catalogue.

1.25% benefit (5X) on all other online purchases - on purchases up to ₹2 lakhs per month 

• You earn 5 reward points worth ₹1.25 (1 rupee & 25 paise), on every ₹100 you spend on all other online purchases.
• 1 reward point = ₹0.25 or 25 paise approximately, and can be redeemed for gift vouchers from SimplyCLICK Partners, in the rewards catalogue.

0.25% benefit (X) on all other card purchases: You earn 1 reward point worth ₹0.25 (25 paise), on every ₹100 you spend on all other card purchases.

Up to 2% additional benefit, on achieving annual spend targets (milestone privileges)

• Get ₹2000 Cleartrip/Yatra voucher, at ₹1 lakh yearly online card spend - 2% benefit
• Get an additional ₹2000 Cleartrip/Yatra voucher (total ₹4000 vouchers), at ₹2 lakhs yearly online spend - 2% benefit

Fuel surcharge waiver up to ₹100 per month, valid only on fuel transactions between ₹500 and ₹3000