ICICI Bank Credit Card Against FD

Building a credit score without income proof or recovering from past credit issues is a common challenge for many first-time borrowers. An ICICI Bank Credit Card Against FD solves this by offering a secured credit card backed by your fixed deposit. Since the FD acts as collateral, the bank faces almost zero risk, which means quick approval, very limited documentation, and a predictable credit limit linked to the deposit amount.

 This guide explains how it works, eligibility criteria, benefits, best card options, and step-by-step application methods.

Table of Contents

1. What Is an ICICI Bank Credit Card Against FD?
2. How ICICI FD Credit Card Works
3. Benefits of Opting for an ICICI FD-Based Credit Card
4. Eligibility Criteria for ICICI Bank Credit Card Against FD
5. What Is the Minimum FD Amount Required for an ICICI Credit Card?
6. Best ICICI FD-Based Credit Cards ( Comparison )
7. How to Apply for ICICI Credit Card Against FD
8. Who Should Opt for an ICICI Bank FD-Based Credit Card?
9. Charges and Fees for ICICI Bank Credit Card Against FD

What Is an ICICI Bank Credit Card Against FD?

An ICICI Bank Credit Card Against FD is a secured credit card issued by linking it to your fixed deposit with ICICI Bank. The FD acts as collateral, allowing the bank to offer a credit limit typically between 85%–90% of the deposit value. This structure reduces the bank’s risk and enables users without income proof, low credit scores, or thin credit profiles to access a fully functional credit card.

Since the fixed deposit continues earning interest—usually 6%–7.2% annually depending on tenure, it becomes a dual-benefit product. You keep earning FD returns while building or repairing your credit score through disciplined usage.

How ICICI FD Credit Card Works

An ICICI FD Credit Card functions exactly like a regular card but is backed by your FD. Here is the operational flow:

1. FD Creation: You can open a fixed deposit with ICICI Bank for the required minimum amount (for example, ₹10,000 or ₹20,000, depending on the card variant).This FD becomes the security against which the credit card is issued. 
    
2. Credit Limit Assignment: You will receive a credit limit that usually ranges between 85%–90% of your FD value. For instance, if you have a ₹50,000 FD, your limit may be around ₹42,500–₹45,000.
    
3. Usage & Billing: You can use the card for payments, online shopping, subscriptions, and other transactions. A monthly bill will be generated, and timely repayment will help you build a strong credit history.
    
4. FD Safety: Your FD remains intact and keeps earning interest throughout the tenure. The bank will only use the deposit if payments remain overdue for an extended period.
    
5. Upgrade Opportunity: With consistent on-time repayments for 9–12 months, you may become eligible for an upgraded unsecured ICICI credit card.

This mechanism makes the ICICI Bank Credit Card on Fixed Deposit suitable for beginners, freelancers, and individuals rebuilding their credit history.

Benefits of Opting for an ICICI FD-Based Credit Card

Choosing an ICICI FD-based credit card provides a structured path to build financial credibility. Below are the key benefits:

1. Guaranteed Approval When FD Is Created
Since the card is secured, income proof, salary slips, or high CIBIL scores aren’t mandatory. Once the FD is created, approval is typically automatic, making it ideal for first-time borrowers.

2. Helps Build or Repair Credit Score
Every timely payment is reported to credit bureaus like CIBIL and Experian. A 2024 RBI study noted that secured card users see an average increase of 60–100 points in 9–12 months with disciplined usage.

3. Earn Returns While Using the Card
Your FD continues earning interest even as you use the credit line. For example, a ₹30,000 FD at 7% annual interest still generates returns while supporting your credit limit.

4. Low Risk of Rejection
Since the risk to ICICI Bank is minimal, rejection rates are significantly lower compared to unsecured cards. This makes it suitable for students, homemakers, and individuals with unstable income.

5. Zero or Low Annual Fees
Most ICICI FD-based credit cards have low or no joining/annual fees, improving long-term affordability.

These advantages collectively make ICICI FD credit card benefits highly relevant for users trying to enter mainstream credit.

Eligibility Criteria for ICICI Bank Credit Card Against FD

Here are the basic eligibility requirements you must meet to get an ICICI Credit Card Against FD.

• Age: Applicant must be 18 years or older.
• Fixed Deposit Type: Only single-holder, non-tax-saver FDs can be linked.
• Minimum FD Amount: Usually starts from ₹10,000–₹20,000 depending on the card variant.
• Tenure: FD tenure must be at least 180 days.
• KYC Compliance: PAN and Aadhaar-based KYC must be completed.

Users do not need salary slips, ITR, income proof, or a minimum credit score to qualify.

What Is the Minimum FD Amount Required for an ICICI Credit Card?

The minimum deposit amount depends on the card variant. Most ICICI secured cards require:

• ₹10,000 minimum for basic FD-backed cards
   
• ₹20,000–₹25,000 for premium variants

Example:
If you open a ₹20,000 FD, your credit limit will typically be around ₹17,000–₹18,000 (85–90% of the deposit).

For higher limits, users can create larger FDs—for instance, a ₹1 lakh FD often provides a ₹85,000–₹90,000 limit.

Best ICICI FD-Based Credit Cards 

To help you choose the right ICICI FD-backed credit card, here’s a quick side-by-side comparison of key features, minimum FD requirements, and annual fees. This table will help you decide which card fits your profile.

Card Variant	Minimum FD	Key Features	Annual Fee
ICICI Instant Platinum Credit Card	₹20,000	Fuel surcharge waiver, Payback rewards, 90% credit limit	Usually NIL
ICICI Coral Secured Credit Card	₹30,000–₹40,000	Lounge access, movie offers, Payback points	₹500–₹1,000
ICICI Rubyx Credit Card	₹ 75,000 FD + min tenure ~180 days	Lounge access, golf benefits, higher rewards	Joining ~₹ 3,000; Annual ~₹ 2,000 (waivable on high spends)

These cards offer varied benefits based on lifestyle rewards, shopping, or credit building—while keeping FD safety intact.

Also, check out the Top ICICI credit cards with features, eligibility, and charges on Finology Select.

How to Apply for ICICI Credit Card Against FD (Online + Offline)

To apply for an ICICI Credit Card Against FD, you can choose either an online or a branch-based process.

1. Online Application
You can complete the process through ICICI Internet Banking or the iMobile Pay app.

• Log in and navigate to “Deposits” → “Create FD” (if you don’t already have one).
   
• After FD creation, select “Credit Card Against FD” under the cards section.
   
• Choose the FD you want to link and confirm the card variant.
   
• Complete digital verification and e-sign the agreement.

Once approved, the virtual card is issued instantly and the physical card is dispatched within a few days.

2. Offline Application

• Visit any ICICI Bank branch with ID proof and request an FD-based credit card form.
   
• Create or link your FD at the branch.
   
• Submit the application and complete KYC formalities.

The card is issued once the deposit is confirmed in the system.

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

An ICICI Bank Credit Card Against FD is suitable for individuals who need credit access but face documentation or credit-score challenges.

You should consider this card if:

• You are a first-time borrower building credit.
• Your credit score is below 650 and you want a recovery path.
• You do not have stable income proof but can create a fixed deposit.
• You want a controlled credit limit to avoid overspending.
• You wish to earn FD interest while using the card.

This makes it a suitable option for users with limited credit history, such as new-to-credit individuals, self-employed professionals, or those without regular income documentation who want to establish a stable credit profile.

Charges and Fees for ICICI Bank Credit Card Against FD

To manage your ICICI FD-based credit card better, here are the essential charges and fees you should know:

1. Annual/Joining Fee: Many FD-backed cards have zero fees; some variants may charge ₹500–₹1,000 annually.
2. Finance Charges: Interest on unpaid dues is usually 3.5% per month (about 42% annually).
3. Cash Withdrawal Fee: 2.5% of the withdrawal amount (minimum ₹500), with interest charged from the withdrawal date.
4. Late Payment Charges: Penalty ranges between ₹100–₹750 depending on the outstanding bill.
5. Over-Limit Fee: Around 2.5% of the over-limit amount.
6. FD Closure Rules: The linked FD cannot be closed until all card dues are settled; premature closure may attract a 0.5%–1% penalty.

Conclusion

An ICICI Bank Credit Card Against FD offers a structured way to access credit, build a healthy credit score, and earn FD returns simultaneously. With minimal documentation, predictable limits, and low fees, it serves as a smart entry point into the credit ecosystem. For anyone starting their financial journey or rebuilding their score, an ICICI FD-based credit card can be a stable, low-risk option.

Want to upgrade your credit experience beyond FD-backed cards? Check out the Best ICICI Premium Credit Cards guide to explore cards with higher rewards, travel perks, lounge access, and exclusive lifestyle benefits.

FAQs

1. Is an ICICI Bank Credit Card Against FD easy to get?
Yes. Approval is straightforward because the card is secured by your fixed deposit. As long as you meet the FD requirements and complete KYC, you can get the card quickly.

2. Does the ICICI FD continue to earn interest after linking it to the credit card?
Yes. Your FD remains active and continues earning interest at the applicable annual rate (usually 6%–7% depending on tenure).

3. What happens if I miss payments on my ICICI FD credit card?
ICICI Bank may recover dues from your FD if payments remain unpaid for long. This is why timely bill repayment is essential for credit score improvement.

4. Can I increase the credit limit on my ICICI FD-based credit card?
Yes. The limit can be increased by opening a larger FD or adding funds to the existing deposit. The new limit generally reflects 85–90% of the updated FD value.

5. Who is eligible for an ICICI Bank credit card on fixed deposit?
Any Indian resident above 18 years can apply, provided they create a non-tax-saving FD for the minimum required amount and complete full KYC.