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Learn how a credit card against an FD helps you access credit easily, build your score, and keep your savings secure.
A credit card against a fixed deposit (FD) lets you enjoy credit access while keeping your savings secure. It’s ideal if you’re new to credit or want to boost your credit score without risk. By using your FD as collateral, you get a regular credit card’s benefits—like rewards, cashback, and flexible EMIs—without needing a strong credit history. This smart option helps you build financial confidence while your deposit continues to earn interest.
A credit card backed by a fixed deposit is a secured option where your FD serves as collateral, removing the need for a strong credit score. It’s designed for individuals who are new to credit or have a low credit score, offering a simpler and more accessible way to enjoy credit card benefits. Since your FD acts as security, the approval process is quick and does not require extensive financial checks.
The credit limit on this type of card is usually between 75% and 90% of your FD value, allowing you to spend with flexibility while your deposit continues to earn interest. You can use it just like a regular credit card to make purchases, pay bills, or enjoy cashback and reward offers. However, if you fail to make payments on time, the bank can recover the outstanding amount from your FD balance.
You can easily apply for an FD-backed credit card on Bajaj Markets from reputed issuers without paying any joining fees. This makes it an affordable, low-risk option to start building or improving your credit score while keeping your savings safe and growing in the background.
Choosing the right credit card against a fixed deposit helps you enjoy credit access, rewards, and savings growth at the same time. Here are some of the best credit cards against FDs you can apply for on Bajaj Markets:
| Credit Card | Key Features | Benefits |
|---|---|---|
Zero joining and annual fees |
Enjoy zero forex mark-up fees and earn up to 4x reward points on every spend |
|
Backed by an FD earning up to 7.25% interest annually |
Get 1% cashback on UPI transactions via the IDFC FIRST Bank app and 25% off (up to ₹100) on Paytm movie bookings |
Disclaimer: The details mentioned above are subject to change based on the issuer’s latest terms and policies.
FD-based credit cards give you easy access to credit while keeping your savings safe and earning interest. Here are the top features and benefits of leading FD-backed credit cards you can apply for:
Here’s why the IDFC FIRST Bank WOW! Credit Card is an excellent choice for those seeking easy approval, great benefits, and seamless financial convenience:
Here are the key features that make the IDFC FIRST Bank EA₹N Credit Card a rewarding and convenient choice for everyday spending and digital payments:
To get an FD-backed credit card, you need to meet a few simple eligibility criteria that make the approval process quick and hassle-free:
You must be at least 18 years old
You must be an Indian citizen with a valid residential address in India
You must hold a fixed deposit account with the issuing bank
Your fixed deposit must be maintained in cumulative, reinvestment, or auto-renewal mode to qualify for the credit card
A minimum FD amount, typically starting from ₹5,000 to ₹20,000, is required to secure the credit limit
Note: The eligibility criteria listed above may differ across issuers. Always review the specific terms and conditions of your chosen credit card before applying.
Having the right documents ready makes your secured credit card application smooth and hassle-free. Here are the essential documents you need to submit:
| Document Type | Accepted Documents |
|---|---|
Proof of Identity |
Passport, Aadhaar Card, PAN Card |
Proof of Address |
Utility Bill (electricity, water, or phone), Ration Card |
Disclaimer: The documents mentioned above may vary depending on the issuer. Please review the specific terms and conditions carefully before applying for a credit card.
Applying for a credit card against a fixed deposit on Bajaj Markets is quick, digital, and hassle-free, allowing you to get instant access to credit with minimal paperwork. Here’s how you can apply smoothly:
Click the ‘Check Eligibility’ button on this page
Enter your mobile number and occupation details in the form
Accept the terms and conditions to proceed further
Enter the One-Time Password (OTP) sent to your registered mobile number for verification
Review and confirm pre-filled details such as your PAN number, name, date of birth, and email ID
Provide your income information and residential PIN code accurately
Click on ‘Check Offers’ to view eligible FD-backed credit card options
Compare and select the credit card that best suits your needs
Click ‘Submit’ to complete your application
After you submit your application, you’ll get a confirmation and a call from Bajaj Markets or the bank to verify your details and finalise approval.
Getting a credit card against a fixed deposit is suitable for different types of users who want to access credit with minimal risk and effort. Here’s who should consider applying:
If you’re new to credit and don’t yet have a credit score, an FD-backed credit card offers an easy way to build your credit history. It ensures smooth approval without complex eligibility checks.
If your cibil score is low or your repayment history isn’t strong, this card helps you rebuild credibility. Regular, on-time payments can steadily improve your credit profile.
An FD-backed card offers faster approval as your fixed deposit serves as security. You can access credit quickly without heavy documentation or long waiting periods.
If you prefer financial stability, this card gives you the benefits of credit while keeping your savings safe. Your FD continues to earn interest, ensuring steady returns.
If you don’t have salary slips or income statements, this card is a practical solution. The bank relies on your FD instead of income documents for approval.
Students or homemakers who lack a steady income can get easy access to credit with an FD-backed card. It helps them manage expenses responsibly while starting to build a credit record.
Senior citizens with fixed deposits can apply for these cards to enjoy easy access to credit. It provides flexibility for emergencies or regular expenses without liquidating savings.
Yes, a credit card against an FD is a good option if you want to build or improve your credit score with minimal risk. It provides the same benefits as a regular card while your fixed deposit continues earning interest, ensuring both credit access and financial security.
Yes, you can get a credit card through an FD as it serves as collateral for the bank. This reduces approval requirements, making it easier for individuals with limited or no credit history to access credit while maintaining their FD’s growth and interest benefits.
Yes, getting a credit card on an FD is simple and quick since it’s a secured card. Approval doesn’t rely heavily on your credit score or income proof, as your fixed deposit ensures security, making it one of the easiest credit options available.
A credit card against an FD offers easy approval, lower risk, and continued FD interest earnings. It also helps build or repair your credit score, provides reward points and cashback, and eliminates the need for extensive documentation or high-income proof during the application process.
The credit limit for a credit card issued against an FD typically ranges between 75% and 90% of the FD amount. Some issuers may offer higher limits based on your deposit value and repayment behaviour, ensuring flexible credit access while keeping financial security intact.
Credit cards against FD are generally available for regular, cumulative, and auto-renew fixed deposits. To qualify for an FD-backed credit card, your fixed deposit must be with the issuing bank and usually have a tenure of at least six months.
Interest rates on credit cards against FD are usually lower than those on unsecured credit cards. Since the FD acts as collateral, lenders face reduced risk and offer more favourable terms, helping you save on finance charges while maintaining good repayment habits.
Most FD-backed credit cards come with minimal or zero processing fees, depending on the issuer. Some banks may charge a small administrative fee, but these costs are usually much lower than those for regular unsecured credit cards, keeping overall expenses affordable.
An FD-backed credit card is typically issued within 1–3 working days after verification. Since your FD already serves as collateral, approval is faster and requires minimal paperwork, allowing you to start using your credit card almost immediately after submission.
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