Should You Choose an HDFC Credit Card Against Fixed Deposit?

Getting a credit card can seem tough. This is especially true for credit newbies. It's also hard if your income isn't standard. But HDFC Bank has a simple fix: the HDFC credit card against FD. 

It uses your fixed deposit as a way to get credit. It's a smart tool that makes credit easy to get while your savings still grow.

You can start or improve your credit score. Plus, you get cool perks. All this happens while your fixed deposit keeps earning interest. Think of it like having your cake, eating it, and getting bakery reward points too.

Want to know more about it? Let's go!

Table of Contents

• What is an HDFC Credit Card Against Fixed Deposit (FD)?
• Why Choose an HDFC FD-Backed Credit Card? 
• Which HDFC Credit Cards Can You Get Against an FD? 
• Eligibility Criteria for HDFC Credit Card Against FD
• Understanding Your HDFC Credit Card Against FD Limit
• How to Apply for HDFC Credit Card Against FD: Step-by-Step Guide
• HDFC FD Credit Card: Key Charges to Be Aware Of
• Pros and Cons of HDFC Credit Card on FD
• Who Should Opt for an HDFC Bank FD-Based Credit Card?
• Tips for Maximising Your HDFC FD-Backed Credit Card

What is an HDFC Credit Card Against Fixed Deposit (FD)?

An HDFC credit card against FD is a secured credit card. You put money into a fixed deposit with HDFC Bank. The bank then gives you a credit card. 

This FD acts as security or collateral. Since these cards give you credit cards based on your savings, they are safer than applying based on income or a new credit history.

When you use the card, your FD is still yours. It keeps earning interest as agreed. The FD is like a safety net for the bank. This security means easier approval because the bank's risk is much lower.

Even though it's backed by an FD, it's a real credit card. It has a limit, a billing cycle, and HDFC Bank card benefits. The FD-based credit card HDFC is a practical way to enter the credit world.

Why Choose an HDFC FD-Backed Credit Card? 

Choosing an FD credit card, HDFC has many great advantages. These benefits go beyond just being convenient. Such as:

• Guaranteed approval: The best part is the very high approval rate. Your fixed deposit acts as strong security. This makes the approval process much smoother.
• Build or improve credit score: The HDFC FD credit card is great for building a credit history. It's also good for fixing a poor CIBIL score. This helps you get unsecured credit and better loan terms later.
• No income proof: Often, you don't need to show proof of income. You also might not need an existing credit score. This makes the credit card against FD HDFC great for those with non-standard income also benefiting.
• Earn interest: Your FD backing the card still works for you. It earns interest at the set rates and tenure. So, your money does two jobs: secures credit and grows.
• Access to credit card perks: Holders of an HDFC Bank FD credit card get benefits. Depending on the card, you can get reward points or cashback. You might also get discounts and EMI options. 
• Easy access: The main benefit today is how easy it is to get this credit card. For many, this easy access is more valuable than slightly lower interest rates.

Every financial journey needs a solid starting point. With the proper foundation in place, even quiet steps can lead to meaningful progress, and sometimes, the simplest tools turn out to be the most powerful.

Which HDFC Credit Cards Can You Get Against an FD? 

Not all credit cards are created equal—even when backed by a fixed deposit. HDFC Bank offers a select range of cards, each with its own perks and features. Here's a look at the options you can choose from:

HDFC Freedom Credit Card

Key features:

• 10x CashPoints on BigBasket, BookMyShow, OYO, Swiggy & Uber (max. 2500 CP/month) 
• 1 CashPoint per ₹150 on others (exclusions apply)
• Fuel surcharge waiver
• Welcome/renewal: 500 CashPoints (on fee payment)

Joining fee: ₹500 + taxes

Annual fee + waiver condition: ₹500 + taxes (spend ₹50,000 for waiver)

HDFC MoneyBack+ Credit Card

Key features:

• 10x CashPoints on Amazon, Flipkart, Swiggy, Reliance Smart SuperStore & BigBasket
• 2 CashPoints per ₹150 on others
• ₹500 gift voucher on quarterly spends of ₹50,000
• Fuel surcharge waiver
• Welcome/renewal: 500 CashPoints (on fee payment)

Joining fee: ₹500 + taxes

Annual fee + waiver condition: ₹500 + taxes (spend ₹50,000 for waiver)

HDFC Millennia Credit Card 

Key features:

• 5% CashBack on Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber & Zomato (max. 1000 CP/month)
• 1% CashBack on other spends (max. 1000 CP/month, exclusions apply)
• ₹1000 gift vouchers on quarterly spends of ₹1 lakh
• Fuel surcharge waiver
• Welcome: 1000 CashPoints (on fee payment)

Joining fee: ₹1,000 + taxes

Annual fee + waiver condition: ₹1,000 + taxes (spend ₹1 lakh for waiver)

IndianOil HDFC Bank Credit Card

Key features:

• Earn up to 50 lakh free fuel/year
• 5% as Fuel Points at IndianOil outlets (caps apply)
• Groceries & Bill Payments (max. 100 FP/month each)
• 1 Fuel Point per ₹150 on others
• Fuel surcharge waiver
• Complimentary IXRP membership

Joining fee: ₹500 + taxes

Annual fee + waiver condition: ₹500 + taxes (spend ₹50,000 for waiver)

Tata Neu Plus HDFC Bank Credit Card

Key features:

• 2% back as NeuCoins on Tata Neu & partner Tata Brands (Non-EMI)
• 1% on Non-Tata Brand Spends & Merchant EMI
• Additional 5% on Tata Neu App (NeuPass), 1% on UPI (caps apply)
• Fuel surcharge waiver
• Domestic lounge access (1/quarter, spend criteria from 10 June 2025) 
• Welcome: 499 NeuCoins (on 1st transaction, fee reversal)

Joining fee: ₹499 + taxes

Annual fee + waiver condition: ₹499 + taxes (spend ₹1 lakh for waiver)

Disclaimer: Fees, charges, and features are based on the standard information available on the respective HDFC Bank card pages as of the last update. The exact terms for an HDFC credit card based on FD will be confirmed by the bank upon application. Always refer to HDFC Bank's official Most Important Terms and Conditions (MITC) for your specific card.

It is always best to confirm directly with HDFC Bank about the specific card variant you would be eligible for when applying for a credit card on FD HDFC.

Also, check out the Top HDFC Credit Cards with features, eligibility, and charges on Finology Select.

Eligibility Criteria for HDFC Credit Card Against FD

While applying for an HDFC FD credit card is generally simpler than for unsecured cards, certain criteria must be met.

• Age requirements: Applicants should be between 18 and 75 years old.
• Residency status: The applicant must be an Indian citizen residing in India with a valid residential address. 
• HDFC Bank fixed deposit requirements:
  • An applicant must have an existing fixed deposit with HDFC Bank or be willing to open a new one.
  • The HDFC credit card against FD minimum amount is ₹15,000.
  • The FD must have a minimum tenure of 1 year. 
  • Certain fixed deposits like tax saver FDs, NRI FDs, FDs in the name of minors, FDs with an existing lien, sweep-in FDs, and non-withdrawal FDs. are not eligible.
• Basic KYC documents: Standard Know Your Customer (KYC) documents (proof of identity and address) will be required for the application process.
• PAN card: A valid PAN card that is updated and operative in the bank's records is necessary.

Meeting the eligibility criteria is your first step, but knowing how much credit you can actually access is just as important. Once your FD is in place, the next big question is: what will your card limit be?

Understanding Your HDFC Credit Card Against FD Limit

Once you qualify for an HDFC credit card against FD, the credit limit is an important aspect. This limit is directly tied to the value of your FD.

• How the credit limit is determined: HDFC Bank offers a credit limit that is 90% - 100% of the FD amount. For example, an FD of ₹50,000 could yield a credit limit of around ₹45,000, or even ₹50,000 in some cases.
• Maximum possible limit: There is an upper cap on the credit limit for an FD-based credit card, HDFC. The maximum limit is ₹3 lakh, irrespective of a higher FD amount.
• Increasing the credit limit: You can enhance your HDFC credit card against FD limit.
  • By pledging more funds: Multiple eligible fixed deposits can be selected during the online application to increase the credit limit. A larger total FD amount will result in a higher credit limit, up to the ₹3 lakh cap.

After a period of good usage, you might inquire about upgrading to an unsecured card, which would operate under different limit rules and free up your FD.

How to Apply for HDFC Credit Card Against FD: Step-by-Step Guide

The process to HDFC credit card against FD online apply or via a branch is designed to be user-friendly.

• Step 1: You need an eligible fixed deposit with HDFC Bank. If you don't have one, you'll need to open one. Remember the minimum FD amount of ₹15,000 and minimum tenure of 1 year.
• Step 2: Fill out the application form:
  • Online application: HDFC Bank provides a paperless online application process for the FD credit card HDFC. The official website has a link for this.
  • Offline application: You can also apply by visiting an HDFC Bank branch.
• Step 3: Submit required documents (If applicable): For physical applications, or if requested, you'll need:
   
  • KYC documents (identity and address proof).
  • The Fixed Deposit Certificate or details. 
  • Online applications for existing HDFC Bank customers with verified KYC and FDs may require minimal documentation.

HDFC Bank will review your application and FD details. Upon approval, the HDFC Bank FD credit card will be issued.

Then you can activate your new HDFC CC against FD within 30 days of receiving it. You can do this by making a transaction, setting a PIN, or using MyCards. Failure to activate can lead to card closure.

HDFC FD Credit Card: Key Charges to Be Aware Of

Understanding the terms and charges of your HDFC FD credit card is crucial for responsible use.

• Annual fees: These depend on the specific card variant issued by the bank. Many HDFC credit cards offer a waiver of the annual fee if your annual spending on the card exceeds a predetermined amount.
• Interest rates on revolving credit (APR): If you do not pay your entire credit card bill by the due date, interest charges will apply to the outstanding balance. The APR percentage varies from one card issuer to another.
• Late payment charges: It is levied if you do not pay at least the minimum amount due by the payment due date. This fee typically increases as the outstanding balance increases.
• Other standard credit card charges:
  • Cash advance fee: If you withdraw cash using your credit card, a cash advance fee is applicable. 
  • Overlimit fee: If you spend more than your credit limit, a fee will be charged as a penalty.
  • Foreign transaction fee: When you use your credit card for international transactions or on foreign websites, a foreign transaction fee applies.
  • Card replacement fee: If your credit card is lost, stolen, damaged, or expires, your card issuer may charge for replacing the card.
• Lien on Fixed Deposit: 
  • This is the most important part. HDFC Bank will mark a lien on your FD. This means that the bank has the right to use your FD as collateral for the credit card.
  • You can't withdraw, break, or close your fixed deposit (FD) until you've paid off all dues on the linked credit card and officially closed the card.
  • The FD is locked as long as the credit card is active because it acts as security for the card—this is what makes it a "secured" credit card.

The FD mainly helps the bank feel more secure, making it easier to approve the card. It doesn't always mean lower costs for the user. The main benefit for users is getting access to credit and building a credit history.

Curious about the exact penalty structure and fee escalation timeline? Learn how HDFC Credit Card Late Payment Charges are calculated on overdue balances.

Pros and Cons of HDFC Credit Card on FD

Every financial product has its upsides and downsides. Here's a look at the credit card on FD HDFC.

Pros	Cons
Great for those with no/limited credit history or non-standard income proof.	The FD amount is not available for other uses until the card is closed and dues are paid.
An excellent way to start or improve a credit history with responsible use.	The limit is a percentage of the FD (e.g., 90% ), so it might be modest if the FD is small.
Your FD continues to earn interest as per its terms.	Subject to annual fees, interest on revolving credit (APR), late fees, etc., like regular cards.
Enjoy rewards, discounts, SmartEMI, and other HDFC card benefits.	It's still a credit instrument. Mismanagement can lead to debt.
Simplifies applications for students, homemakers, self-employed.	The card offers credit against the FD; it doesn't let you withdraw FD cash directly.
Can help learn and practice responsible credit management.	Not all FDs are eligible (e.g., Tax Saver, NRI FDs excluded ).

The main "con", locked FD funds, is directly linked to the primary "pro" of easier approval. This is the basic trade-off.

Who Should Opt for an HDFC Bank FD-Based Credit Card?

The HDFC Bank FD-based credit card is a good choice for people who find it hard to get a regular credit card. It works well for:

• People with no credit history: Like students, homemakers, or young professionals starting out.
• Those with a low credit score: Who want to improve their credit.
• Self-employed or freelancers: Who have irregular income or less proof of income.
• Anyone with an HDFC fixed deposit: Who wants a credit card without a complicated process.

If getting a regular credit card is tough, this card is an easy and useful option.

Tips for Maximising Your HDFC FD-Backed Credit Card

Getting an HDFC FD-backed credit card is just the first step. Using it smartly is important, especially if you want to build your credit. Here's how:

1. Pay bills on time to build a good credit history and improve your CIBIL score.
2. Keep your credit usage low, try to use less than 30% of your credit limit.
3. Know your card's rewards since different HDFC cards offer different benefits.
4. Use your rewards before they expire.
5. After using your card well for a while, ask HDFC Bank about upgrading to a regular card to free up your FD.
6. Regularly check your statements for any errors or unauthorised charges.
7. Keep your card details safe. Never share your PIN, CVV, or OTP with anyone.

By following these simple steps, you can make the most of your FD-backed credit card and build a strong credit history for the future.

Conclusion

Getting your first credit card (or finding the right one) can be confusing, especially if you're just starting out or don't have a regular job.

That's where HDFC's credit card against FD helps. You put some money in a fixed deposit, and in return, the bank gives you a credit card. Your money stays safe and keeps earning interest, while you start building your credit.

But with so many cards out there, how do you pick the one that's right for you?

That's where Finology Select comes in. It helps you compare 90+ credit cards side by side. You'll see the fees, perks, pros, and cons in one place.

Because the best credit card is the one that actually works for your life.

Not sure which HDFC card offers the right value for salaried professionals? Compare rewards, annual charges, and real-world benefits in this breakdown of the Best HDFC Credit Card for Salaried Employees.

Frequently Asked Questions (FAQs) about HDFC Credit Card Against FD

What is the minimum FD amount for an HDFC credit card?

The HDFC credit card against FD minimum amount is ₹15,000.

Can I get an HDFC Millennia/Regalia credit card against an FD?

HDFC Bank usually offers the Millennia credit card linked to an FD. Other cards like Regalia might be available too, but it depends on the bank's rules. Premium cards like Regalia or Infinia aren't normally listed for FD backing. So, it's a good idea to ask the bank to be sure.

How long does it take to get an HDFC credit card against an FD?

The approval is quick and hassle-free. The bank evaluates the application after submission, and then if everything checks out, you're credit card will soon be delivered to your registered address. 

What happens to my FD when I take a credit card against it? 

HDFC Bank puts a hold (called a lien) on your fixed deposit as security. Your FD still earns interest, but you can't withdraw it early unless you pay off your credit card and close it.

Can I make a partial withdrawal from my FD if it's linked to a credit card?

Usually, no. If you withdraw early, your credit card will be closed because the full FD is held as security.

How do I close my HDFC FD credit card and release my FD?

First, pay off any outstanding credit card bills. Then, ask HDFC Bank to close your card—this can be done online or by calling customer care. Once the card is closed and dues cleared, the bank removes the hold on your FD. 

Is the HDFC Bank FD credit card better than other secured cards?

HDFC Bank is a trusted bank with good card benefits. However, whether its FD credit card is "better" depends on your needs and how it compares to other banks' offers.

Can I apply for an HDFC FD credit card online even if I am a new customer?

Yes! You just need to open a fixed deposit with HDFC first (online or at a branch), then you can apply for the credit card online.

What is the maximum HDFC credit card against FD limit?

The max limit is ₹3 lakh, no matter how much you have in your FD. 

Are there any specific HDFC bank credit card on fixed deposits offer?

The main benefit is that your FD keeps earning interest as usual. The credit card comes with its regular features and rewards. There aren't any special extra offers just for getting the card through an FD.