Top FD Credit Cards of the Month

Every month, we shortlist the top FD credit cards based on factors such as rewards, fees, minimum FD requirement, credit-building potential and additional benefits. For August 2026, IDFC FIRST WOW Credit Card and Utkarsh SuperCard are our top picks for consumers looking for a credit card against FD. Given below are key features and benefits of top cards of this month:

1. IDFC FIRST WOW! Credit Card

Joining/Annual Fee: Nil
Min. FD Requirement: Rs. 20,000

IDFC FIRST WOW! Credit Card is an FD-backed, lifetime-free card that does not require income proof or prior credit history. It stands out among secured cards for its 0% forex markup, rewards and travel-oriented benefits, making it suitable for consumers who want to build credit and looking for a with benefits on international spends.

Key Features & Benefits:

• Zero forex markup-fee
• 4X reward points on online, offline and international spends
• 1X reward point on insurance premium payments, FASTag recharge, railway spends and utility bill payments
• 10% bonus rewards on hotels and 5% on flight bookings on ‘Travel & Shop’ on IDFC FIRST app
• 1X = 1 reward point on every Rs. 200 spent

Choose IDFC FIRST WOW if: You want a secured credit card primarily for building credit but also planning to use it for international transactions.

2. Utkarsh SuperCard RuPay Credit Card

Joining/Annual Fee: Nil
Min. FD Requirement: Rs. 500

Utkarsh SuperCard is an FD-backed credit card that combines credit-building access with cashback on eligible UPI and non-UPI transactions. It can be considered by consumers who want to start their credit journey with a relatively low deposit requirement.

Key Features & 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

 Choose Utkarsh SuperCard if: You want to start building your credit profile with an FD-backed card and want to earn cashback on everyday transactions.

A secured credit card can be useful when you want to access credit but may not qualify easily for an unsecured card. Some key benefits include:

Build/Rebuild Your Credit History: Regular usage and timely credit card bill payments can help you build or rebuild your credit profile.

Guaranteed Approval: FD-backed credit cards offer guaranteed approval, subject to meeting the issuer’s applicable eligibility criteria and completing the required verification.

Earn Rewards or Cashback: Depending on the card, you can earn rewards or cashback, along other benefits.

Continue Earning FD Interest: The fixed deposit continues to earn interest as per the applicable FD terms.

No or Limited Income Documentation: Several FD-backed cards do not rely on conventional income assessment.

An FD-backed credit card can be a suitable option for:

• New-to-credit consumers who want to start building a credit history
• Consumers with no or limited credit history who may find it difficult to qualify for an unsecured card
• Individuals with a low credit score who want improve their credit profile through responsible credit usage
• Students and young adults who meet the applicable eligibility requirements
• Consumers who want a credit card without relying on income-based eligibility