Many times, you want a credit card but can’t get it. Usually, the bank rejects the application because you don’t have a credit history or proof of income. This makes it very hard for students, freelancers, or anyone just starting out.
That is why a Credit Card against Fixed Deposit (FD) is the perfect solution. It is also known as a ‘secured credit card.’ Unlike normal cards, you get guaranteed approval without needing a lot of paperwork.
The FD in the bank keeps earning interest while you use the card to build your credit score. If you are not able to get a credit card in the normal way, this could be an easy way to credit the world.
What is a Credit Card Against FD?
A Credit Card against FD is a card that uses your Fixed Deposit as security. Because the bank holds your money, they give you a card easily. However, the bank “locks” your FD, meaning you cannot withdraw that cash as long as you keep the credit card.
Your spending limit depends on how much money you deposit. Usually, the limit is 80% to 90% of your total FD amount.
For example: If you open an FD of ₹50,000, the bank will give you a credit limit of around ₹40,000 to ₹45,000.
You can use this card for shopping, paying bills, and online orders just like a normal credit card. The best part is that even though your money is locked as security, your FD still keeps earning interest.
In this article we give you a list of credit cards against FD.
A comprehensive list of credit cards against FD in India (2026)
Here is a list that will help you different credit cards offered against FD along with their specific detials like FD amout needed, Fees, reward points, etc.
Axis Bank Privilege Easy Credit Card
The Axis Bank Privilege Easy Credit Card is a premium FD-backed credit card for people with a large amount of savings looking for enhanced benefits and rewards.
FD amount against credit card
You need to keep a minimum amount of ₹65,000, whereas you can keep ₹25,00,000 as maximum amount.
Fees
Joining Fees: 1500 (Nil for priority customers only)
Annual Fees: ₹1,500 + GST. Annual fees of 500 will be reversed on achieving spends of 2.5 lakhs in the previous card anniversary year.
Reward Points of Axis Bank Privilege Easy Credit Card
You earn 10 EDGE reward points for every ₹200 spent.
Each EDGE reward point can be redeemed at ₹0.20. Which means for every 200 spent you get ₹2 back. You can use these EDGE points for shopping, flights, hotel bookings, and various partner offers through the EDGE Rewards portal.
Interest charges
Finance charges up to 3.5% per month (42% annually) on unpaid balances.
Axis Bank Privilege Easy Credit Card against FD might be best for individuals with significant FD amounts seeking premium card features and higher reward rates.
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Kotak Mahindra 811 DreamDifferent Card
The Kotak 811 DreamDifferent Card is a lifetime-free credit card against FD. It is for online shoppers who want to earn accelerated rewards on digital purchases.
FD amount against credit card
You need to have a minimum FD Amount of ₹10,000. The FD Tenure should be of minimum 181 days.
Fees
The joining fee and annual fee for this credit card against fd is Zero as its lifetime free.
Reward Points
You earn 4 reward points per ₹100 spent on online purchases and 1 point per ₹100 on offline spending. Each point can redeemed for ₹0.20
Interest Charges
3.5% on international transactions, standard credit charges apply on unpaid balances.
If you are an online shoppers and students looking for a credit card against FD, this lifetime-free card with enhanced e-commerce benefits can be an option.
*Note: One-time joining fee of ₹250 applies if the approved credit limit is below ₹18,000.
IDFC FIRST WOW! Credit Card
The IDFC FIRST WOW! is a unique credit card against fd. It is a premium travel card that offers zero forex markup for international transactions.
FD Amount against credit card
You need ₹20,000 placed as a fixed deposit with IDFC FIRST Bank.
Fees
Since it’s a lifetime free credit card, there’s no joining fee or annual fee.
Reward Points on IDFC FIRST WOW! Credit Card
You earn 4 reward points for every ₹150 spent on online, offline, and international purchases. You can redeem these points at a base rate of ₹0.25.
Interest Charges
Up to 3.85% per month (46.2% annually) on unpaid balances.
If you are looking for a credit card against FD with frequent international traveling and online shopping with zero forex markup, you may opt for this card.
Axis Bank My Zone Easy Credit Card
The My Zone Easy Card is Axis Bank’s entry-level credit card against FD. It offers flexible credit limits and guaranteed approval for first-time credit users.
FD Amount against FD
Minimum Fixed Deposit amount is ₹15,000, while maximum amounts to ₹25 lakhs.
Fee
The joining fee and annual fee for this credit card against fd is ₹500.
Reward Points on Axis Bank My Zone Easy Credit Card
You can earn 4 Edge reward points on every ₹200 spent.
Interest
3.40% per month (49.36% per annum)
If you are an Axis Bank account holder and seeking a straightforward entry-level credit, this credit card against FD can be your existing way to the credit world.
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AU Small Finance Bank NOMO Credit Card
The AU NOMO Credit Card also offers an interest option for people seeking a credit card against FD. It also offers competitive forex markup.
FD amount against credit card
₹10,000 (₹20,000 in some sources)
Fee
The joining fee is at ₹199, whereas the annual fee is nil.
Reward Points
You can earn 2 Reward Points if you spend ₹100. You can redeem these points on the AU Rewardz catalogue at a value of Rs. 0.25 per point.
Interest rate
3.75% per month (45% per annum
AU Small Finance Bank NOMO credit card against FD suits well for people seeking low forex markup with affordable entry requirements.
Suryoday Small Finance Bank RuPay Platinum Secured Credit Card
The Suryoday RuPay Platinum is a lifetime-free credit card against FD. It offers the option to link UPI helping you make seamless payments.
Minimum FD Amount
The amount varies based on the card variant.
Fee
Nil (Lifetime free)
Rewards
Suryoday Small Finance Bank RuPay Platinum offers cashback instead of points.
It offers 0.5% cashback on all transactions. Which means if you spend ₹100 rupees you will get ₹0.5 as cashback.
Interest rate
2.95% p.m. (35.40% p.a.) + GST
If you prefer credit cards against FD offering cashbacks over reward points and UPI-based transactions, you can go for Suryoday Small Finance Bank RuPay Platinum Secured Credit Card.
SBI Card Unnati
The SBI Unnati Card is SBI’s flagship FD-backed offering, providing four years of zero annual fees and predictable rewards for budget-conscious users.
FD amount against credit card
You need to have a minimum of ₹25,000 as FD with State Bank of India.
Fee
There is no joining fee. Annual fee is Nil for first 4 years; ₹499 from 5th year onwards
Reward Points:
You earn 1 reward point for every ₹100 spent across all categories.
Interest Charges
3.75% per month [45% per annum]
If you are first-time credit user or a student with FD in SBI, you may go for this card
IDFC FIRST EA₹N Credit Card
The IDFC FIRST EA₹N is a virtual UPI-powered secured card designed for digital-first users with minimal FD requirements.
FD amount against credit card
You will need a fixed deposit amount of ₹5,000 with IDFC FIRST Bank.
Rewards
IDFC FIRST EA₹N Credit Card offers cashback instead of reward points. It offers 1% Cashback* UPI spends via the IDFC FIRST Bank mobile app and 0.5% cashback on UPI spends via other apps.
Fee
The joining fee for this is nil. Annual fee is ₹499 + GST (from year 2 onwards)
Interest rate
Monthly Rate – 3.99%, Annual Rate – 47.88%.
If you are seeking virtual cards for UPI payments with minimal documentation, this credit card against FD can be the way to go.
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Federal Bank SimpliFi Fi Credit Card
The SimpliFi Fi card uniquely combines FD security with weekend reward acceleration, perfect for strategic spenders.
FD amount against credit card
You can open a Fixed Deposit of as low as ₹1,5000 to get the SimpliFi Fi-Federal Credit Card issued by Federal Bank
Fee:
There are no annual membership fees for the first year. An annual membership fee of ₹ 2000 + 18% GST is applicable from the second year onwards.
Rewards:
With your credit card, you’ll earn 12 Fi-Points for every ₹100 spent on all eligible purchases. Also, you get 1x rewards on all weekday spends. Each Fi-Point is worth ₹0.25, so 4 Fi-Points = ₹1.
Interest Charges:
3.75% per month i.e. 45% annually
If you are someone who concentrates purchases on weekends, seeking reward acceleration without annual fees, you can opt for this card.
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Niyo Global SBM Credit Card
Niyo offers a credit card against FD offered in partnership with SBM Bank India and DCB Bank. It is also a zero forex mark-up credit card.
FD amount against credit card
You will be needing minimum Fixed Deposit (FD) of ₹5000
Fee
No joining fees, no annual fees
Rewards
There’s no rewards on this card. You can only refer and earn.
Interest Charges
3% per month (42.58% annually) on unpaid balances.
If you are International travelers looking for a credit card against FD with zero forex mark-up charges, this may be an option to opt for.
SBM Bank Credilio RuPay Credit Card
SBM Credilio combines FD security with RuPay network benefits and competitive cashback structure.
FD amount against credit card
You need to create and maintain a FD of minimum 5,000 with SBM bank.
Fee:
Annual fee and joining fee is nil.
Rewards
Every POS/ECOM transaction you make earns you a flat 1% back as Cashback rewards. Where 1 Cashback Point = ₹1.00
Interest Charges
3.5% per month or 42% per annum
Best For: RuPay network users seeking FD-backed security with decent cashback options.
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How to get credit card against FD, step by step:
1. Open/link fixed deposit
- Create FD of desired amount with minimum tenure (typically 180 days)
- Visit your preferred bank branch or go online
- Ensure FD is in individual name (not joint/HUF/corporate)
- Ensure FD is in cumulative/auto-renewal mode (where applicable)
2. Apply for Secured Credit Card/ credit card against FD
- Apply through bank’s mobile app, website, or visit branch
- Provide basic KYC documents (PAN, Aadhaar)
- No income proof needed
- Complete verification (may include video KYC)
3. Get approval
- Virtual card issued instantly (if digital-first card)
- Physical card dispatched within 5-7 business days
- Bank places lien on your FD
4. Activate & start using
- Activate via mobile app or phone banking
- Set PIN for physical card
Should you get a credit card against FD?
Credit cards against FD might be right for some people but not optimal for everyone. Let’s understand the pros and cons of it.
Pros
- Guaranteed Approval: No income proof or prior credit history required.
- Credit Builder: Excellent way to establish or improve your CIBIL score.
- Double Benefit: You earn interest on your FD while using the card.
- Lower Interest Rates: Finance charges are typically lower than unsecured cards.
- Flexible Limit: Your credit limit increases if you increase your deposit amount.
Cons
- Funds Locked: You cannot withdraw the FD amount without cancelling the card.
- Limit Cap: Your spending power is restricted to a percentage (e.g., 90%) of your deposit.
- Liquidation Risk: The bank can seize your FD if you default on payments.
Book a free call for credit card consulation
Get your first financial plan for free
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Conclusion
While a Credit Card against Fixed Deposit is a fantastic tool for building credit and earning rewards, the “right” card ultimately depends on your current financial situation. A student with limited savings might prioritise a card with a low minimum deposit, while someone looking to maximise returns might prefer a card with high reward points and travel benefits.
Financial products can be complex, and individual circumstances vary. To ensure you select a card that aligns perfectly with your long-term goals, liquidity needs, and risk appetite, we strongly recommend consulting a Qualified Financial Advisor. They can provide personalised guidance to help you navigate interest rates and credit-building strategies effectively.
