Are you looking for a credit card without the income proof and credit score?. You can get a credit card on a Fixed Deposit. The minimum amount of FD should be INR 10,000 (Varies by bank to bank). You will get 85 – 90% of your FD as the credit limit.
You will get the interest for your fixed deposit, but you will not be able to close the FD until you cancel your credit card.
Credit Cards Against Fixed Deposit
Nowadays there are many banks in India that offer credit cards against Fixed Deposits to their customers. Banks like ICICI Bank, State Bank of India (SBI), Axis Bank and HDFC Bank offer the felicity.
This facility allows people with no credit history to apply for a credit card. Also, people who have just started working can make use of this facility.
NRI can also use Credit Cards against Fixed Deposit felicity
Below are the fees and other details of available Credit Cards Against Fixed Deposit
|Credit Card Variant||Fixed Deposit Required||Joining Fee/Annual Fee|
|Axis Bank Insta Easy Credit Card||Min. Rs.20,000||Joining fee: Rs.500; Annual fee: NIL|
|ICICI Bank Coral Credit Card||Rs.20,000||Joining fee: Rs.500; Annual fee: Rs.500|
|ICICI Bank Instant Platinum Credit Card||Rs.20,000||NIL|
|SBI Card Unnati||Rs.25,000||First 4 years – NIL 5th year onwards – Rs.499|
|Kotak Mahindra Aqua Gold Credit Card||Rs.25,000||Joining fee: NIL; Annual fee: NIL|
|Union Bank of India Usecure Credit Card||Rs.25,000||Joining fee: NIL; Annual fee: NIL|
|YES Prosperity Rewards Plus Credit Card||Rs.50,000||Joining fee: Rs.350; Annual fee: Rs.350|
|YES FIRST Preferred Credit Card||Rs.3 lakh||Joining fee: Rs.2,500; Annual fee: Rs.2,500|
|Bank of Baroda Assure Credit Card||Not Available||Joining fee: Rs.500; Annual fee: Rs.500|
|Andhra Bank Visa Classic||Rs.10,000||Rs.400|
|Andhra Bank Visa Platinum||Rs.10,000||Rs.400|
|DCB Payless Credit Card||Not Available||Rs.350|