Best Credit Cards Against FD

Created on 20 Oct 2023

Wraps up in 5 Min

Read by 1.1k people

Updated on 27 Nov 2023

Credit cards have become an indispensable part of modern financial transactions, offering convenience and flexibility. However, obtaining a traditional credit card can be challenging, especially if you have a low credit score, irregular income, or lack the necessary documentation. In such circumstances, a credit card against a Fixed Deposit (FD) can be a lifeline. In this blog, we will delve into the world of credit cards secured by FDs and discuss the best options available in India.

Understanding Credit Cards Against FD

A credit card against FD is a secured credit card that banks issue based on your Fixed Deposit account. You can apply for this card if you hold an FD account with the same bank or open a new one. Typically, the credit limit of this card ranges from 75% to 90% of your FD amount. The FD serves as collateral, providing the bank with security in case of default.

Benefits of Credit Cards Against FDs

Selecting the right credit card against FD

Before applying for a credit card against FD, carefully consider your financial needs and goals. Compare the various options available in the market, taking into account factors such as credit limit, interest rates, fees, and rewards. Ensure that the card aligns with your financial situation and goals.

To help you choose the best credit card against FD in India, we have compiled a list of some of the popular cards offered by different credit card issuers.

Best Credit Cards Against FD

1. IDFC FIRST WoW Credit Card

IDFC Bank's WOW Credit Card is a premium offering designed to cater to individuals seeking a rewarding credit card experience with added flexibility.

IDFC Bank WOW Credit Card is a premium offering designed to cater to individuals seeking a rewarding credit card experience with added flexibility. 


Fee structure


Applicants should be at least 18 years old, Indian residents with a permanent address in an approved city, and hold a fixed deposit account with a minimum deposit of ₹5,000.

2. SBI Unnati Credit Card

The SBI Unnati Credit Card, a secured offering from SBI Card, is a valuable financial companion.

Fee structure


This card is extended to customers with a fixed-term deposit of ₹25,000 or more held with the State Bank of India. 

3. IDBI Bank Imperium Platinum Credit Card

With IDBI Bank Imperium Platinum Credit Card, you can enjoy the benefits of a secured credit card with a high credit limit, reward points, and exclusive offers.

Fee structure


To be eligible for this card, applicants need to be 18 years or above and maintain a fixed deposit of ₹20,000 or more with IDBI Bank, making it an accessible and rewarding choice for financial enthusiasts.

4. SBI Student Plus Advantage Credit Card

The SBI Student Plus Advantage Credit Card is a tailored financial solution meticulously designed to meet the specific needs of students. This unique SBI Credit Card offers an array of benefits, including the opportunity to earn rewards with every card purchase. 

Fee structure


This card is typically issued to borrowers of educational loans from SBI, but there's also the option to apply by opening a fixed deposit with the bank using the necessary amount, making it accessible to a broader audience.


In conclusion, credit cards against FD are a great option for those who want to improve their credit score, earn rewards, and enjoy interest-free credit. These cards offer a range of benefits, including low joining and annual fees, high reward rates, and flexible credit limits. However, with so many options available, it can be challenging to choose the right one. That's why we recommend using Select by Finology, a platform that allows you to compare over 50 credit cards and find the one that best suits your needs.
So, what are you waiting for? Compare credit cards at Select by Finology and make the right choice today!