BOBCARD Credit Card Against FD

BOBCARD offers a secured credit card option for consumers who want to access credit against a fixed deposit (FD). Currently, BOBCARD Prime is the only FD-backed credit card offered by the issuer. It comes with guaranteed approval against a fixed deposit of Rs. 30,000 or more and does not require income proof, making it a suitable option for consumers who may find it difficult to qualify for a regular credit card. Here’s everything you need to know about the BOBCARD credit card against FD.

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BOBCARD Credit Card Against FD: Features & Benefits

At present, BOBCARD offers BOBCARD Prime against FD. Given below are some of the major details of this credit card:

BOBCARD Prime

BOBCARD Prime is a secured credit card designed for consumers who want to build or rebuild their credit score. The card offers reward points on eligible spends, which can be redeemed across multiple categories. With basic benefits such as fuel surcharge waiver and insurance coverage, this FD credit card can be a suitable option to save on everyday spends.

Min. FD Requirement: Rs. 30,000
Joining/Annual Fee: Nil

Features & Benefits:

2 reward points for every Rs. 100 spent on all categories
Redeem the accumulated reward at a value of 1 Reward Point = Rs. 0.20
500 reward points on a min. spend of Rs. 5,000 within 60 days of card activation
1% fuel surcharge waiver on fuel spends between Rs. 400 to Rs. 5,000
Personal accidental death insurance coverage of Rs. 15 Lakh for air travel and Rs. 5 Lakh for non-air travel

BOBCARD Credit Card Against FD: Fees & Charges

BOBCARD Prime is a lifetime free FD credit card, with no joining or annual fee. However, other charges may apply depending on the type of transaction or payment behaviour. The following are some important charges to consider:

Particulars	Amount
Joining Fee	Nil
Annual Fee	Nil
Finance Charges	3.75% per month (45% per annum)
Late Payment Fee	For Statement Balance: Less than Rs. 100: Nil Rs. 100 to Rs. 500: Rs. 100 Rs. 501 to Rs. 1,000: Rs. 400 Rs. 1,001 to Rs. 10,000: Rs. 750 Rs. 10,001 to Rs. 25,000: Rs. 950 Rs. 25,001 to Rs. 50,000: Rs. 1,100 More than Rs. 50,000: Rs. 1,300

Why Should You Get BOBCARD Credit Card Against FD?

BOBCARD Prime is a secured credit card designed for consumers looking to build or improve their credit profile. Backed by a minimum fixed deposit of Rs. 30,000, it offers a convenient way to access credit without income proof. The card also offers reward points on eligible spends, along with other benefits such as a fuel surcharge waiver and insurance coverage.

BOBCARD Prime Credit Card is suitable if:

You are new to credit and want to build your credit history
You are looking for a lifetime free FD credit card without any income proof
You want to earn reward points on your everyday spends
You frequently spend on fuel and want to save through a fuel surcharge waiver
Your credit score is low and you are not eligible for an unsecured credit card

Before applying, it is advisable to check CIBIL Score for free and understand your existing credit profile. If you have a low or no credit history, you can also explore credit cards for low CIBIL score or no credit history and compare them with other secured credit card options.

How to Apply for BOBCARD Credit Card Against FD?

Below mentioned are the steps to apply for a BOBCARD Credit Card Against FD:

Step 1: Go to the official BOBCARD website and explore the available credit card options.

Step 2: Open a Fixed Deposit (FD) with Bank of Baroda if you do not already have one.

Step 3: Ensure that you maintain the minimum FD of Rs. 30,000 required for BOBCARD Prime.

Step 4: Select BOBCARD Prime, the FD-backed credit card currently offered by BOBCARD.

Step 5: Complete and submit the credit card application form and provide the required KYC details.

Step 6: Once the verification process is completed successfully, the BOBCARD Prime Credit Card will be issued as per the applicable terms and conditions.

FD-backed Credit Cards by Banks

Here is the list of popular issuers offering FD credit cards:

Popular Issuers
SBI FD Credit Card	HDFC Bank FD Credit Card	ICICI Bank FD Credit Card
Axis Bank FD Credit Card	Kotak Mahindra Bank FD Credit Card	IDFC FIRST Bank FD Credit Card
Yes Bank FD Credit Card	SBM Bank FD Credit Card	AU Small Finance Bank FD Credit Card
IndusInd Bank FD Credit Card	RBL Bank FD Credit Card	Federal Bank FD Credit Card
HSBC FD Credit Card	PNB FD Credit Card	Canara Bank FD Credit Card
Union Bank of India FD Credit Card	FD Credit Card	BOBCARD FD Credit Card

How to Apply for a Credit Card Online?

Step 1: Enter your mobile number

Step 2: Enter OTP to verify your mobile number

Step 3: Explore pre-qualified credit card offers from top issuers

Step 4: Select your preferred card and complete the digital application

How to Apply for a Credit Card Online?

Step 1: Enter your mobile number

Step 2: Enter OTP to verify your mobile number

Step 3: Explore pre-qualified credit card offers from top issuers

Step 4: Select your preferred card and complete the digital application

FAQs

Does Bank of Baroda offer a credit card against FD?

Yes. BOBCARD currently offers BOBCARD Prime Credit Card, which is secured against a fixed deposit. The card comes with guaranteed issuance against an FD of Rs. 30,000 or more, subject to applicable conditions.

What is the minimum FD required for BOBCARD Prime?

The minimum fixed deposit required for guaranteed approval of BOBCARD Prime is Rs. 30,000. The applicable terms and eligibility conditions should be checked before applying.

Is BOBCARD Prime a lifetime free FD credit card?

Yes. BOBCARD Prime has zero joining and annual fees, making it a lifetime free FD credit card. Other transaction-related charges may still apply.

Can I get a Bank of Baroda credit card against fixed deposit with no CIBIL history?

A secured credit card may be suitable for individuals with limited or no credit history because it is backed by a fixed deposit. However, approval and issuance remain subject to BOBCARD's applicable eligibility and verification requirements.

Can BOBCARD Prime help improve my CIBIL Score?

Using the card responsibly can help you establish a positive credit history. Paying the credit card bill on time and maintaining a low credit utilisation ratio can support your credit profile over time. However, getting the card alone does not guarantee an improvement in CIBIL Score.

Does BOBCARD Prime offer rewards?

Yes. BOBCARD Prime offers 2 reward points per Rs. 100 spent on eligible transactions. It also offers 500 bonus Reward Points on spending Rs. 5,000 within 60 days of card issuance, subject to applicable terms and exclusions.

Can students apply for a BOBCARD FD credit card?

Students may consider an FD credit card if they meet the issuer's eligibility requirements and can maintain the required fixed deposit. Since BOBCARD Prime is backed by an FD and does not require income proof for guaranteed issuance, it may be an option for eligible applicants with limited credit history.

Is BOBCARD Prime suitable for people with a low CIBIL Score?

A secured credit card such as BOBCARD Prime can be the right option for individuals who have limited or weaker credit profiles. Since the card is secured against a fixed deposit, it can provide an opportunity to use credit responsibly and work towards building a stronger credit history. However, the issuance remains subject to BOBCARD's applicable criteria.