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A Secured Credit Card provides you three distinct benefits. One, responsible behaviour through timely repayments which enables you to build your credit score. Second, your FD enables you to earn strong returns on your savings and lastly, you get all the advantages of a credit card in the form of cashback, reward points etc.
What is a Credit Card Against FD?
A credit card against fixed deposit or FD is a secured credit card. Having a fixed deposit account is the prerequisite of getting a credit card against FD. Many banks offer such cards, like SBM ZET Credit Card, with their FDs.
The prime feature of this credit card is that the linked FD is lien marked, i.e. acts as collateral. The credit limit is generally 80%-90% of the FD amount. It should be noted that the lien-marked FD keeps on earning interest.
In case the cardholder misses the payment of the monthly credit bill, the bank can redeem the linked FD to recover the outstanding amount. Fees and charges on a credit card against FD are usually lower than an unsecured card and these cards are easily approved.
Best Credit Cards Against Fixed Deposits in India for 2026
Following is a list of secured credit cards offered by some major banks in India, with important features:
Tata Neu Infinity HDFC Bank Credit Card
Joining fee: ₹1499
Annual/Renewal Fee: ₹1499
Up to 10% value-back on Tata Neu spends
8 domestic and 4 international Priority Pass lounge access per year
Product Details
- 5% NeuCoins on all non-EMI spends at Tata Neu & its partner brands
- Additional 5% NeuCoins on select spends at Tata Neu app/website
- 1.5% NeuCoins on UPI, non-Tata brand and merchant EMI spends
- 1,499 NeuCoins after the first spend within 30 days of card issuance
- Low forex markup fee of 2%
IDFC FIRST WOW! Black Credit Card
Joining fee: ₹750
Annual/Renewal Fee: ₹750
Zero foreign exchange markup fee
Up to 50X bonus reward points on travel bookings
Product Details
- Up to 3 reward points per Rs. 150 on UPI spends
- 1% fuel surcharge waiver, up to Rs. 200 per month
- 25% discount on movie tickets, up to Rs. 100 per month, on the District by Zomato mobile app
AU NOMO Credit Card
Joining fee: ₹199
Annual/Renewal Fee: ₹0
Low forex markup fee of 0.99%
2 Reward Points per Rs. 100 on retail purchases
Product Details
- 500 Reward Points on retail spends of Rs. 25,000 in a quarter
- Additional 500 Reward Points on retail spends of Rs. 50,000 in a quarter
- 2 complimentary railway lounge access per quarter
IDFC FIRST EARN Credit Card
Joining fee: ₹0
Annual/Renewal Fee: ₹499
Up to 8% bonus cashback on travel spends
1% cashback on UPI spends via IDFC FIRST Bank mobile app
Product Details
- 4% bonus cashback on all flight bookings via ‘Travel and Shop’
- 8% bonus cashback on all hotel bookings via ‘Travel and Shop’
- 25% off (Up to Rs. 100) on movie tickets, per month, on District by Zomato
SBM ZET Credit Card
Joining fee: ₹0
Annual/Renewal Fee: ₹0
5% cashback on Amazon/Flipkart vouchers; 2% on UPI spends
Up to 20% off on Zomato, BookMyShow, Swiggy and Instamart
Product Details
- Up to 15% cashback on 80+ brands, like Dominos, PVR, Nykaa, Cleartrip, etc.
- Up to 7% interest on SBM Bank fixed deposit worth min. Rs. 2,000
- Lifetime-free secured credit card on RuPay network
Kotak811 DreamDifferent Credit Card
Joining fee: ₹0
Annual/Renewal Fee: ₹0
4 reward points per Rs. 100 spent online
Rs. 1,000 bonus voucher on Rs. 72,000 annual spends
Product Details
- 1 reward point per Rs. 100 spent offline
- 3 months OTTPlay subscription and Rs. 250 Woohoo voucher as welcome benefit
- Fuel and railway surcharge waivers of up to Rs. 3,500 and Rs. 500 respectively every year
- Lifetime-free secured card offered against fixed deposit of min. Rs. 10,000
- Online card application process without any documentation
Axis Bank Privilege Easy Credit Card
Joining fee: ₹1500
Annual/Renewal Fee: ₹1500
10 EDGE reward points for every Rs. 200 spent
10,000 EDGE reward points every year as milestone benefit
Product Details
- Additional 10,000 EDGE reward points worth Rs. 2,000 on spending Rs. 2.5 Lakh in a year
- Up to 15% off on dining at 4,000+ partner restaurants under the Dining Delights Programme
- 1% fuel surcharge waiver (Max. Rs. 400 per month) on transactions between Rs. 400 and Rs. 4,001
Federal SimpliFi Fi Credit Card
Joining fee: ₹0
Annual/Renewal Fee: ₹0
3x rewards on every weekend spends
Up to 20% off on popular brands like Zomato, District by Zomato& BookMyShow on weekends
Product Details
- Earn interest of up to 6.7% p.a.
- 3x rewards on every weekend spends
- 2 Fi-coins on all weekdays spends
- Up to 20% off on popular brands on weekends
Axis Bank MY ZONE EASY Credit Card
Joining fee: ₹500
Annual/Renewal Fee: ₹500
4 EDGE reward points per Rs. 200 spent domestically
25% cashback on online and box office movie ticket purchases
Product Details
- 25% cashback on online and box office movie ticket purchases at registered merchants
- 1% fuel surcharge waiver on fuel spends between Rs. 400 and Rs. 4,000, capped at Rs. 400 per month
- 15% off on dining at partner restaurants via Dining Delights program
Also Read: How much loan can I get against my FD?
Who Should Apply for Credit Card Against Fixed Deposit?
A secured credit card against FD is an ideal choice for those who:
- Need a credit card but are unable to get one
- Have an irregular income (or source of income)
- Have a poor credit history/no history
- Do not have an income proof
- Freelancers, homemakers, etc.
- Have an entry-level jobs (with low income)
Benefits of Credit Card Against FD
Those who have a bad credit history or an irregular income often find it difficult to get a credit card. In such cases, customers who have a fixed deposit can use their FD against which credit cards can be issued.
The following are some of the highlights of credit cards issued against fixed deposits:
- Credit limit not decided by the bank; depends on FD deposit amount (generally 80% – 90% of the FD amount)
- A fairly low fee charged or no fee charged by some banks
- Lower interest rates as compared to unsecured credit cards
- No income proof required
- No credit score required but helps build one
- No cumbersome paperwork
- Instantly accessible like certain virtual credit cards
The above mentioned features of cards against fixed deposits make them more easily accessible for those who are beginning their credit journeys or need to build their credit score. For instance, SBM ZET Credit Card is a lifetime free card offered against an FD of min. Rs. 2,000 and does not require any credit history, income proof or any other documentation.
Also Check: Best Credit Cards in India 2026
FAQs Related To Credit Card Against Fixed Deposit
Q1. Which bank gives a credit card against a fixed deposit?
A. There are a number of banks that offer credit cards against fixed deposits. Some of the best credit cards against fixed deposits are mentioned below:
- SBM ZET Credit Card
- IDFC FIRST Bank EARN Credit Card
- Kotak 811 #DreamDifferent Credit Card
- AU NOMO Credit Card
- IDFC FIRST WOW! Black Credit Card
- IDFC FIRST WOW! Credit Card
Q2. What is the difference between an unsecured credit card and a credit card against FD?
A. An unsecured credit card is one that is issued without collateral. Such cards charge high fees and are offered only to those who meet the concerned bank’s eligibility criteria. Also, a good credit score and a regular income source are two vital factors for getting an unsecured credit card.
Whereas a credit card against FD is a secured credit card, i.e. it is a lien marked against a fixed deposit. This FD is maintained in the concerned bank which issues this type of credit card. Factors like low/no credit score or no income proof do not affect such a card’s eligibility criteria.
These cards are easy to acquire and do not charge hefty fees. In case of a default from the card holder’s side, the bank reserves the right to settle missed/late payments by redeeming the lien marked fixed deposit.
Q3. Can foreigners get a credit card against FD?
A. No, banks do not extend this facility to foreign nationals.
Q4. Can I get 100% of my FD amount as a credit card limit?
A. Generally, banks provide up to 80% of the fixed deposit amount as the credit limit.
Q5. Can I use my credit card against FD to withdraw cash at ATMs?
A. Yes, most of the banks allow ATM withdrawals. Credit cards against fixed deposits are secured credit cards issued against the Fixed Deposit of an applicant. The credit limit on these cards is usually 80%-90% of the FD amount.
Q6. I do not have income proof. Can I get a credit card?
A. Yes, if you have a fixed deposit and your bank gives a credit card against it, you can go ahead and get a credit card against FD.
No income proof? Apply for SBM ZET Credit Card, here.
Q7. What is the minimum Fixed Deposit amount for a credit card?
A. The minimum fixed deposit amount for a secured credit card varies from one bank to another. For instance, SBM Bank (India) Ltd. offers SBM ZET credit card against FD with a minimum deposit amount of Rs. 2,000.
