How to use a credit card against FD for everyday cashback

Riya has always been cautious with her money. She has opened a few fixed deposits (FD) over the years and enjoys seeing her savings grow steadily. No stress, no drama.

Recently, though, she’s been wondering—is there a smarter way to make the most of her FDs? She explored options such as reinvesting the interest, opening additional FDs with varying terms, and even employing the laddering method. Yet, all of these steps felt like a lot of work for not much gain.

Then she came across something interesting – a credit card against FD. Come along and learn more about it.

What is a credit card against FD?
 

FDs are a go-to savings option for people who like peace of mind. Your money remains safe, and you earn a decent interest rate. But what if you could do more with your FD? Enter an FD credit card.

This is a secured credit card issued against your FD. That means –

1. You don’t need to show proof of income
2. You don’t need a credit score
3. You can still enjoy all the usual benefits of a credit card with UPI

This makes it a fantastic option for –

1. First-time credit card users since there's no need for a credit score or income proof
2. Anyone with a low or no credit history as your FD has you covered
3. People who want credit card perks without the fear of overspending—your spending limit stays within what you’ve already saved

Why the FIRST EA₹N Credit Card is a smart, safe choice?
 

The FIRST EA₹N Credit Card is an FD-based credit card from IDFC FIRST Bank. It’s designed for individuals like Riya who seek added value from their fixed deposits without incurring risks.

Here’s what stood out to her –

1. It’s completely virtual. No hassle of keeping a plastic card safe
2. It’s backed by an FD awarding an interest rate of up to 6.75% per annum. So, no income documents are required
3. It’s one of the best credit cards for individuals with no credit history
4. It gives up to 1% cashback rewards on everyday purchases
5. You can use it for UPI payments—online or by scanning QR codes at more than 60 million stores

Once you open an FD of ₹5,000 or more with IDFC FIRST Bank, you can get started. The card’s credit limit will be equal to your FD amount. Spend from it, earn cash back, and your FD stays untouched, earning interest.

How much cashback can you earn with the FIRST EA₹N Credit Card?
 

The FIRST EA₹N Credit Card offers simple and clear rewards in the form of cashback. Here’s how this credit card against FD works –

Other benefits of the FIRST EA₹N Credit Card
 

In addition to cashback on all UPI spends, you get:

There’s also a welcome offer—100% cashback on your first UPI spend, up to ₹500. With a joining fee of ₹499 + GST, this means you get an opportunity to earn back your entire fee!

Here's how you earn cashback with this FD-backed credit card
 

Let’s go back to Riya and the FIRST EA₹N Credit Card. Here’s what that looks like in cashback –

*Assuming all transactions are made with the IDFC FIRST Bank Mobile Banking App

Your FD keeps earning, while you keep spending (smartly)
 

The best part about using a credit card against FD is that your FD continues to earn interest. You’re not spending that money—you’re just using it as a safety net to unlock credit.

So, let’s say Riya parks ₹10,000 in an FD with an annual interest rate of 6.75%. She still earns ₹700 in interest yearly. Add ₹2,500 worth of cashback benefits from her spending, and suddenly, her low-risk FD just got a big upgrade.

Only FD vs. credit card against FD—see the difference for yourself
 

Here’s a side-by-side look at what happens when you just have an FD versus using it to get the FIRST EA₹N Credit Card –

More reasons to get this credit card against FD today
 

The FIRST EA₹N Credit Card has some extra advantages, too –

1. Helps build your credit score
 

This is because timely repayments are reported to credit bureaus.

2. Spend within your FD limit
 

There is no risk of overspending since your credit limit is tied to your FD.

3. Boosts financial discipline
 

This card is a great way to start using credit responsibly.

4. Full UPI access
 

You can use this RuPay credit card via any UPI app, online or at stores.

5. Extra perks on the RuPay network
 

Access exclusive offers and discounts.

How to apply for the FIRST EA₹N Credit Card against FD
 

If you’re ready to turn your FD into something more, here’s how to get started –

Step 1 – Click here to start your online credit card application process.

Step 2 – Open an FD of at least ₹5,000.

Step 3 – Complete your VKYC with Aadhaar and PAN.

Step 4 – Get your virtual card and start spending smartly.

It takes just a few steps, and you’ll be ready to earn cashback from everyday payments—groceries, bills, dining, fuel, and more.

Ready to get more from your FD with zero risk?
 

Riya didn’t change her spending habits. She didn’t take on extra risk. She just used her existing FD to get a credit card against FD and turned her everyday payments into monthly savings.

You can do the same.

If you’ve got an FD, you’re already halfway there. With the FIRST EA₹N Credit Card, you can make every rupee go further—without touching your savings. Apply now and see how you can start earning today through your FD with effortless cashback.

Disclaimer – Always pay your credit card bills on time. Use credit responsibly to avoid fees and interest charges. Cashback is subject to caps and terms as per IDFC FIRST Bank policies.