Credit Card Against Fixed Deposit

An FD-backed credit card, also known as a credit card against FD, is a type of credit card where the credit limit is secured by a fixed deposit. By pledging a certain amount in a fixed deposit account, you establish collateral for your credit card. This reduces the risk of defaulting and makes it easier for individuals without a credit history to obtain one. This includes students, housewives, and those with variable incomes.

FD credit cards offer numerous benefits, such as:

•  No documentation required to apply for credit card against FD.

•  Easily integrate the credit cards with any UPI app and earn exciting cashback and reward points on every eligible UPI payment.

•  Enjoy a credit limit of more than 100% of your deposit while earning FD interest of up to 7.25% per annum.

•  Low annual percentage rates for the FD-based credit card, starting at just 8.5% per annum.

•  Access to exclusive rewards and benefits programs and offers at over 300 merchants and 1500 restaurants across the country.

To obtain the FIRST WOW! Credit Card — a credit card with FD from IDFC FIRST Bank — you need a minimum deposit of ₹20,000 in your fixed deposit.

We also offer one more FD backed credit card – FIRST EA₹N credit card. This is a virtual credit card enabled with UPI. To get this card you need to have a fixed deposit of minimum amount of ₹ 5,000 with IDFC FIRST Bank.

Age Policy:

· Applicant must be 18 years of age or older to apply for an IDFC FIRST WOW! Credit Card

Indian Resident & Sourcing Locations:

· Applicant must qualify as an Indian resident and have a current and permanent residential address within India

· IDFC FIRST Banks maintains a set of cities which are allowed for sourcing

NRI Customers with a pre-approved FIRST WOW! Credit Card offer can apply through the IDFC FIRST Bank mobile app by following any one of the steps below:

1. Easy Banking >> Accounts & Deposits >> Secured Card

2. Easy Banking >> Credit Cards >> Secured Card

Eligibility:

· The applicant needs to have a fixed deposit in their name with IDFC FIRST Bank

· Fixed Deposit should be in cumulative/re-invest and auto-renewed mode

Internal Policy Criteria

· Bank runs certain internal policy criteria to select a customer for issuing credit cards

· Internal Policy criteria are based on bureau history, any existing Bank relationship, customer demographics, and credit exposure

· The Bank reserves the right to issue a Credit Card to the applicant on the basis of an assessment of his / her credentials.

The final decision is at the Bank’s sole discretion, in line with the mentioned internal policies, and notwithstanding the applicant meeting the above criteria.

We have launched FIRST WOW! Credit Card for NRI Customers as well. (NRI Customer can only apply basis PA offer)

There is no joining, membership, or annual fee applicable on the best credit card against FD. Your card is free for life.

You can directly use your points to pay for online purchases or store shopping. Choose 'pay with points'. You can also redeem your Reward Points against amazing offers at idfcfirstrewards.poshvine.com.

The FIRST EA₹N Credit Card is a virtual card, accessible on your smartphone, making it the best FD backed Rupay credit card for UPI and online payments.

No, you don’t need a credit history or income proof. This Rupay credit card on FD is designed for everyone, including first-time credit card users.

To apply, register on the IDFC FIRST Bank platform, fund a fixed deposit of ₹5,000 or more, and complete the KYC process. Your FD-backed Rupay credit card will be ready instantly.

You must:

• Be an Indian citizen with a valid permanent address.
• Be 18 years or older.
• Hold a fixed deposit of at least ₹5,000 with IDFC FIRST Bank.
• Final approval is at the bank’s discretion.

Your credit limit will be 100% of the fixed deposit amount, making this the best FD-based credit card for secured transactions.

Currently, the FIRST EA₹N Credit Card does not offer add-on cards.

Earn:

• 1% cashback on spends via the IDFC FIRST Bank app.
• 0.5% cashback on UPI spends via other apps, online transactions, utility bills, insurance, and wallet loads.

Yes, this UPI credit card against FD allows you to pay at over 60 million merchants using UPI.

The joining fee is ₹499 + GST, and the annual fee (from the second year onwards) is ₹499 + GST.

Yes, you can use this FD-backed Rupay credit card for international transactions, subject to a forex markup fee of 3.5%.

If you close the credit card, the fixed deposit linked to it will remain unaffected, ensuring your funds stay secure.

It offers UPI convenience, up to 1% cashback, and exclusive privileges like movie discounts and personal accident cover, making it the best FD-based Rupay credit card.

The card combines the power of UPI payments, cashback rewards, and FD-backed security with benefits like movie offers, roadside assistance, and accident cover, making it a secured Rupay credit card ideal for first-time credit users.

Yes, the card incurs:

•  A 1% surcharge on utility spends exceeding ₹20,000 per statement cycle.
• A 1% surcharge (minimum ₹249 + GST) on rent and property management payments.

In case of non-payment, the bank may utilize your fixed deposit to recover the outstanding dues, ensuring the credit card remains a secured Rupay credit card option.

You can easily apply for an FD credit card online from IDFC FIRST Bank by visiting their official website. Once your fixed deposit is in place, you can quickly fill out the application form and get started.