Best Fd Backed CC
- Thread starter asfak7850
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- fd based credit card
thefiscalalchemist
KF Ace
Here are a few options I know which provides FD based credit card:
1. Supercard by Supermoney app - It does not have any annual fees and provides 0.5% on Rupay card UPI transaction. You can also get cashbacks on partnered brands like Flipkart, Myntra etc. Minimum FD required is 5k.
2. One Card - It does not have any annual fees. Minimum FD required is 5k.
3. Simplifi card by Fi - It does not have any annual fees. Minimum FD required is 15k.
3. First wow credit card by IDFC Bank- Joining fee of ₹199 + GST and Annual fee (2nd year onwards) of ₹199 + GST. Minimum FD 20K.
4. ICICI Platinum credit card - Minimum FD requirement is 50K.
Nowadays some other banks like AU Small Finance and HDFC are also offering FD Based credit card. For a new bee, I would recommend going for Super card for its simplicity in managing and rewards on UPI.
1. Supercard by Supermoney app - It does not have any annual fees and provides 0.5% on Rupay card UPI transaction. You can also get cashbacks on partnered brands like Flipkart, Myntra etc. Minimum FD required is 5k.
2. One Card - It does not have any annual fees. Minimum FD required is 5k.
3. Simplifi card by Fi - It does not have any annual fees. Minimum FD required is 15k.
3. First wow credit card by IDFC Bank- Joining fee of ₹199 + GST and Annual fee (2nd year onwards) of ₹199 + GST. Minimum FD 20K.
4. ICICI Platinum credit card - Minimum FD requirement is 50K.
Nowadays some other banks like AU Small Finance and HDFC are also offering FD Based credit card. For a new bee, I would recommend going for Super card for its simplicity in managing and rewards on UPI.
TaxWiser
KF Mentor
Apart from Secured CC, if your primary objective is to build Credit Score then consider opening Amazon Pay Later or any Pay Later account. Use less than 25% of the sanctioned Pay Later limit and pay the TAD atleast 5 days before Due Date.
This is how I started building my Credit Score and after 9 months I got my first Pre-approved LTF CC then I Closed my Amazon Pay Later account permanently.
zacobite
KF Mentor
Supercard for now
WOW is gd.. especially if u have forex txn
krishna1718
KF Mentor
IDFC FIRST EARN Credit Card Best Rupay credit with no cashback rescritions every month statement auto credit if you are heavy rupay user its best card though its chargeable you can have best experience
What if i am not eligible for any pay later account what can be a good option to build a better credit score with use of credit mix if it could be benefitedApart from Secured CC, if your primary objective is to build Credit Score then consider opening Amazon Pay Later or any Pay Later account. Use less than 25% of the sanctioned Pay Later limit and pay the TAD atleast 5 days before Due Date.
This is how I started building my Credit Score and after 9 months I got my first Pre-approved LTF CC then I Closed my Amazon Pay Later account permanently.
Is onecard issues cards without any waitlist
I need a LTF CC Which Can generate Credit score and I don’t have to close it in future terms
krishna1718
KF Mentor
It showing as secured from last month to all just to improve cibil you can get it go with 500-1000 fd enough for that card you won't get any benefits but decent lifetime free card
Minimum FD required is just 100rs
I was thinking to do 5K fd so that i can get physical card without additional cost. Also what is your thought upon kredit.pe SBM bank Card is it worthy or not ?
kedarjoshi
KF Rookie
I am currently using Kredit.Pe which provides FD backed credit card with SBM Bank. It gives 2% cashback on UPI payments and 3% cashback on offline payments. So far so good. Do check it out.
But that cashback doesn’t credit on statement you can just get some discount on buying gift card using that cashback also 1% redeem fees also impose on discount
@asfak7850
Yes, I agree on Kredit.Pe
It is FD based as low as 2000/-
90% will be the limit of the FD amount.
This can be tried.
But what about its reward structure? Is it worthy?
If award structure is also a concern then you may try for HDFC Tata Neu FD based card.
I am now sure what are the minimum deposit requirement but with rupay Neu plus you will get 1% thru tata neu app and for neu infinity you will get 1.5% thru tata neu app.
its minimum fd requirement is 15k..
Akusahil
KF Expert
(Those who don't know super Credit card)
SuperMoney Credit card is FD(Fixed Deposit) based Credit card in other words it's Credit card against your fixed deposit. It provided by Utkarsha Small Finance Bank partnership with SuperMoney by Flipkart. Main advantage of this card is that your FD start with just 100rs and you'll get Virtual Credit with limit 90% of your fixed deposit. Wanna Physical Card then you need to create FD with minimum 5000rs.
I was shocked when I saw my Cibil Report!
2 Months back I have applied for SuperMoney Credit Card for keeping as FD based Credit Card in portfolio but In my cibil report it shows As Credit Card instead of Secured Credit Card. I don't how?
So be aware that if you are applying Super Money Credit as FD Based Credit card to improve your score, it won't work.
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krishna1718
KF Mentor
They will update to secured in 1-2 months don't worry about it(Those who don't know super Credit card)
SuperMoney Credit card is FD(Fixed Deposit) based Credit card in other words it's Credit card against your fixed deposit. It provided by Utkarsha Small Finance Bank partnership with SuperMoney by Flipkart. Main advantage of this card is that your FD start with just 100rs and you'll get Virtual Credit with limit 90% of your fixed deposit. Wanna Physical Card then you need to create FD with minimum 5000rs.
I was shocked when I saw my Cibil Report!
2 Months back I have applied for SuperMoney Credit Card for keeping as FD based Credit Card in portfolio but In my cibil report it shows As Credit Card instead of Secured Credit Card. I don't how?
So be aware that if you are applying Super Money Credit as FD Based Credit card to improve your score, it won't work.
