Best FD-backed Credit Cards for Online Shopping

FD-backed credit cards like Utkarsh SuperCard RuPay Credit Card, SBM Bank Paisabazaar Paisa+ Credit Card, and SBM ZET Credit Card are secured credit cards backed by a fixed deposit, making them ideal for consumers without a strong credit history. They work like regular credit cards and can be used for online shopping, bill payments, and digital transactions across various platforms, allowing cardholders to spend now and repay later while their FD remains as security.

Some of the key features and benefits of FD credit cards for online shopping are mentioned below: 

1. Utkarsh SuperCard RuPay Credit Card

Minimum FD Amount: Rs. 500
Annual Fee: Nil

Key Features and Benefits:

• 5% cashback on Myntra for transactions above Rs. 100, capped at Rs. 500 per cycle
• 2% cashback on Flipkart for transactions above Rs. 100, capped at Rs. 500 per cycle
• 1% cashback on UPI transactions above Rs. 100, capped at Rs. 500 per cycle
• 1% cashback on non-UPI transactions above Rs. 100, capped at Rs. 10,000 per cycle

2. SBM Bank Paisabazaar Paisa+ Credit Card

Minimum FD Amount: Rs. 2,000
Annual Fee: Rs. 499 + Applicable Taxes 

Key Features and Benefits:

• 1.5% cashback (1.5 Cash Points per Rs. 100) on online spends for FD amount above Rs. 10,000
• 1% cashback (1 Cash Point per Rs. 100) on online spends for FD amount between Rs. 2,000 and Rs. 10,000
• 1% cashback (1 Cash Point per Rs. 100) on offline spends
• 1% cashback on UPI spends above Rs. 2,000

3. SBM ZET Credit Card

Minimum FD Amount: Rs. 2,000
Annual Fee: 

Key Features and Benefits:

• Up to 20% off on Swiggy & Zomato each, twice a month
• Up to 20% off on Swiggy Instamart, twice a month (Discount of Rs. 100 per month on BookMyShow, once a month (Applicable on min. transaction value of Rs. 1,000)
• 5% cashback on Amazon and Flipkart vouchers
• Up to 15% cashback on 80+ brands and platforms, like Dominos, PVR, Nykaa, Cleartrip, etc.

4. Tata Neu Infinity HDFC Credit Card

Minimum FD Amount: Rs. 15,000
Annual Fee: Rs. 1,499 + Taxes

Key Features and Benefits:

• 5% back as NeuCoins on Non-EMI spends on Tata Neu and partner Tata brands
• Additional 5% back as NeuCoins on transactions made on Tata Neu App/Website,
• 1.5% back as NeuCoins on Non-Tata brand spends and any merchant EMI spends
• 1.5% back as NeuCoins, up to 500 NeuCoins per month, on UPI spends via RuPay card variant

5. HDFC Bank Pixel Play Credit Card

Minimum FD Amount: Rs. 56,000
Annual Fee: Nil

Key Features and Benefits:

• 5% cashback on your choice of two packs, including Dining & Entertainment – BookMyShow & Zomato, Travel – MakeMyTrip & Uber, Grocery – Blinkit & Reliance Smart Bazaar, Electronics – Croma & Reliance Digital, Fashion – Nykaa & Myntra, 
• 5% cashback on spends at Smartbuy
• 3% cashback on the choice of any one E-commerce merchant- Amazon/Flipkart/PayZapp
• 1% cashback on UPI Spends on RuPay variants
• ​​​1% unlimited cashback across all other categories

Some of the common steps to apply for an FD-backed credit card are mentioned below:

Step 1: Open a Fixed Deposit (FD) account with the bank from which you wish to obtain the secured credit card.
Step 2: Confirm that the bank provides credit cards against fixed deposits.
Step 3: Submit your credit card application through the bank’s website, mobile app, or by visiting a branch.
Step 4: Provide the necessary KYC documents and FD details for verification.
Step 5: The bank will review your application, verify the FD and personal information, and process the approval.
Step 6: Once approved, receive and activate your credit card to start using it within the credit limit linked to your FD.