Best Credit Card Against Fixed Deposit – Instant Approval

 In today’s fast-paced financial world, owning a credit card is no longer a luxury but a necessity. However, not everyone qualifies for a traditional credit card due to factors such as low credit scores, lack of income proof, or no prior credit history. If you are facing such challenges, a Credit Card Against Fixed Deposit can be an excellent solution. It provides instant approval, minimal documentation, and a secured credit limit, making it a great option for first-time credit card users and those looking to improve their credit scores.

In this article, we will explore the benefits of a Credit Card Against Fixed Deposit, how you can get an Instant Credit Card, and the simple process of Online Credit Card Apply.

What is a Credit Card Against Fixed Deposit?

A Credit Card Against Fixed Deposit is a secured credit card that is issued against a fixed deposit (FD) held by the applicant. Unlike traditional credit cards that require an income statement and creditworthiness verification, this type of credit card uses the FD as collateral, reducing the risk for the bank and allowing easier access to credit.

Key Features:

Available to individuals with low or no credit scores.

Requires minimal documentation.

Can be approved instantly.

The credit limit is usually 75-90% of the FD amount.

Helps in building and improving credit scores.

No income proof required.

The FD continues to earn interest while securing the credit card.

Why Choose an Instant Credit Card Against Fixed Deposit?

An Instant Credit Card offers quick approval, making it a convenient option for individuals who need a credit card urgently. Since it is backed by an FD, the bank has minimal risk, which results in faster processing and fewer eligibility criteria.

Advantages of Getting an Instant Credit Card:

Instant Approval: No long waiting periods or complex verification procedures.

Easy Online Application: Apply through a simple Online Credit Card Apply process.

No Credit Score Required: Perfect for students, homemakers, and self-employed individuals.

Improves Credit Score: Regular usage and timely payments can help build a strong credit history.

Lower Interest Rates: Since it is a secured card, interest rates are generally lower than traditional unsecured credit cards.

Flexible Credit Limit: Based on the FD amount, users get a decent credit limit.

How to Apply for a Credit Card Against Fixed Deposit Online?

Thanks to digital banking, the process of Online Credit Card Apply has become seamless and convenient. Follow these steps to apply for an Instant Credit Card against an FD:

Step 1: Choose the Right Bank

Different banks offer different benefits for secured credit cards. Compare interest rates, processing fees, and features before selecting the best one.

Step 2: Open a Fixed Deposit

If you don’t already have an FD, open one with the bank where you wish to apply for the credit card. The minimum deposit amount varies from bank to bank.

Step 3: Fill Out the Online Application

Visit the bank’s website and complete the Online Credit Card Apply form. Provide details such as:

Name

Address

PAN/Aadhar card details

FD account details

Step 4: Verification and Approval

Once you submit your application, the bank will verify the details. Since it is a secured card, the approval process is much faster than traditional credit cards.

Step 5: Receive Your Credit Card

Upon approval, your Credit Card Against Fixed Deposit will be issued and sent to your registered address. You can start using it immediately.

Top Banks Offering Credit Cards Against Fixed Deposit in India

Several banks in India offer Instant Credit Cards against an FD. Here are some of the best options:

SBI Advantage Plus Credit Card

Requires a minimum FD of ₹25,000.

85% of the FD amount as the credit limit.

Low interest rates.

ICICI Bank Instant Platinum Credit Card

No income proof required.

85% of the FD value as the credit limit.

Attractive rewards and cashback benefits.

HDFC Bank Credit Card Against FD

Instant approval.

75-85% credit limit on FD.

Reward points on every transaction.

Axis Bank Insta Easy Credit Card

Instant approval process.

Credit limit up to 80% of FD.

Fuel surcharge waiver and cashback options.

Kotak Mahindra Aqua Gold Credit Card

90% of FD value as a credit limit.

Free PVR movie tickets and rewards.

Best for shopping and dining benefits.

Who Should Consider a Credit Card Against Fixed Deposit?

A Credit Card Against Fixed Deposit is suitable for:

Individuals with a low or no credit history.

Students or first-time credit card users.

Self-employed individuals without a steady income.

Those looking to improve their credit scores.

People needing an instant credit solution without income proof.

Frequently Asked Questions (FAQs)

1. Can I get an Instant Credit Card without an FD?

No, a secured credit card requires an FD as collateral. However, if you have a good credit score, you can apply for an unsecured instant credit card.

2. How much FD do I need to get a Credit Card Against Fixed Deposit?

The minimum FD amount varies by bank, typically starting from ₹10,000 to ₹25,000.

3. Can I withdraw my FD if I have a Credit Card Against it?

No, the FD is locked as collateral. If you wish to close your FD, the bank will cancel your credit card.

4. Will using a Credit Card Against FD improve my credit score?

Yes, timely payments and responsible usage will help build your credit score.

5. How fast can I get an Instant Credit Card?

Most banks offer instant approval within 24-48 hours for a secured credit card against FD.

Conclusion

A Credit Card Against Fixed Deposit is an excellent choice for those who struggle to get a traditional credit card. With instant approval, easy eligibility, and a smooth Online Credit Card Apply process, it serves as a great financial tool to manage expenses and build a credit history. Whether you are a first-time credit card user or looking to improve your credit score, this secured credit card option provides financial flexibility with minimal risk.

If you are looking for a hassle-free and instant credit card solution, consider applying for a Credit Card Against Fixed Deposit today and enjoy the benefits of secured credit with complete peace of mind!