Can I withdraw or break the FD linked to my credit card?

The FD linked to the card generally cannot be withdrawn while the credit card remains active. If the FD is prematurely closed, the bank may block or cancel the card until the outstanding balance is fully repaid.

FD Credit Cards Under Rs. 5000

An FD-backed credit card is issued against your fixed deposit. It is useful for beginners, students, or consumers with low credit scores because it helps build credit history with easier approval and lower risk. The credit limit is usually linked to the FD amount. These cards can help consumers build a credit history through regular usage and timely repayments.

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About FD-backed Credit Cards

FD-backed credit cards under Rs. 5,000 are suitable for individuals looking to start their credit journey with a low deposit amount. These cards are issued against a fixed deposit, making them easier to obtain compared to regular credit cards. They can help consumers build a credit history while availing basic benefits such as cashback, reward points, and UPI offers.

Features and Benefits of FD-backed Credit Cards

Below mentioned are some of the top credit cards against FD under Rs. 5,000

Suryoday Bank RuPay Platinum Credit Card

FD Amount: Rs. 1,000
Annual Fee: Nil

Key Features and Benefits

10 Novio Coins for every Rs. 100 spent on fuel via UPI
1 Novio Coin for every Rs. 100 spent on fuel
5 Novio Coins for every Rs. 100 spent on other categories
Low forex markup fee of 2.49%

SBM Bank Paisabazaar Paisa+ Credit Card

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

Key Features and Benefits

1.5% cashback (1.5 Cash Points for every Rs. 100) on online transactions for FD amount above Rs. 10,000
1% cashback (1 Cash Point for every Rs. 100) on online transactions for FD amount between Rs. 2,000 and Rs. 10,000
1% cashback (1 Cash Point on every Rs. 100) on offline spends
1% cashback on UPI spends above Rs. 2,000
Redeem the accumulated Cash Points at a value of 1 Cash Point = Rs. 1

IDFC FIRST EARN Credit Card

FD Amount: Rs. 5,000
Annual Fee: Rs. 499 + Taxes

Key Features and Benefits

1% cashback on UPI spends via IDFC FIRST Bank mobile app
0.5% cashback on spends via third-party UPI platforms
0.5% cashback on utility, insurance, and wallet loads
4% bonus cashback on flight bookings via IDFC FIRST Bank mobile app
8% bonus cashback on hotel bookings via IDFC FIRST Bank mobile app

SBM OneCard Credit Card

FD Amount: Rs. 5,000
Annual Fee: Nil

Key Features and Benefits

1 Reward Point per Rs. 50 spent
Purchases under Rs. 50 earns fractional points for example Rs. 25 = 0.5 points
Low forex markup fee of 1%
1% fuel surcharge waiver, capped at Rs. 400 monthly

SBM novio Credit Card

FD Amount: Rs. 5,000
Annual Fee: Nil

Key Features and Benefits

10 Novio Coins for every Rs. 100 spent on fuel via UPI
1 Novio Coin for every Rs. 100 spent on fuel
5 Novio Coins for every Rs. 100 spent on other categories
Low forex markup fee of 2.49%

Other FD-backed Credit Cards under Rs. 2,000

Some of the best FD-backed credit cards under Rs. 2,000 are mentioned below:

Card Name	FD Amount	Key Features
SBM ZET Credit Card	Rs. 2,000	Up to 20% off on Swiggy & Zomato
Kotak811 Super Money Credit Card	Rs. 1,000	5% cashback on non-UPI spends on Myntra
Stable Money Suryoday Bank RuPay Credit Card	Rs. 1,000	8 free domestic airport lounge visits p.a.
Utkarsh SuperMoney RuPay Credit Card	Rs. 500	5% cashback on Myntra for transactions above Rs. 100

How to Choose the Right FD-backed Credit Card

Below are some important factors to consider when selecting an FD-backed credit card:

Choose a card with a low minimum FD requirement, so it is affordable and easy to start with.
Check whether the bank offers a high credit limit, usually close to the FD amount deposited.
Prefer cards with low or zero annual and joining fees to reduce overall costs.
Look for reward points, cashback offers, or shopping benefits that match your spending habits
Make sure the bank reports your payment history to credit bureaus to help improve your credit score.

How to Apply for a Credit Card Online?

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the credit card purpose and credit card amount

Step 5: Compare offers and apply for the best-suited credit card

Apply Now

How to Apply for a Credit Card Online?

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the credit card purpose and credit card amount

Step 5: Compare offers and apply for the best-suited credit card

Apply Now

FAQs

What is the minimum FD amount required for an FD-backed credit card?

The minimum FD amount depends on the bank and card variant. Some banks offer FD-backed credit cards starting from Rs. 500 or Rs. 1,000, while others may require Rs. 5,000 or more. The credit limit is generally 75% to 100% of the FD amount.

Can an FD-backed credit card help improve my credit score?

Yes, FD-backed credit cards are reported to credit bureaus like regular credit cards. Paying bills on time and maintaining low credit utilisation can help build a positive credit history and improve your credit score over time.

What happens to the fixed deposit after the card is issued?

The fixed deposit remains with the bank as security for the credit card. Consumers can continue earning FD interest during the tenure. The bank may release the FD once the card is closed and all outstanding dues are cleared.

Is income proof mandatory for getting an FD-backed credit card?

Most banks do not require salary slips or income proof for FD-backed credit cards because the fixed deposit acts as collateral. However, applicants still need to complete KYC verification and meet the bank’s basic eligibility requirements.

Do FD-backed credit cards offer rewards and cashback benefits?

Many FD-backed credit cards provide benefits such as reward points, cashback on online or UPI spends, fuel surcharge waivers, and low forex markup fees.

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