5 Best Credit Card Against FD

By the way, almost every company and bank offers a scheme to make Credit Card Against FD. But before applying for a credit card against FD, it is important to know which credit card will be better for you. Before taking forward all this information, it is also important to know what is a fixed deposit, what is a credit card, what is the importance of a credit card

5 Good Banks That Make Credit Card Against FD

1 – SBI Credit Card Against FD

The name of the credit made by the State Bank of India for FD is SBI Advantage Plus Credit Card.
Before applying for this card, you will also have to open a fixed deposit account together.

The FD account is opened for one year, which is Rs 25000 or 50000. This FD amount is divided into 12 installments which are deposited in the bank every month.
The credit card limits against the FD are 21000 and 42000. For the FD amount of 25000, the CC limit will start at 1000 and will increase every month and for the amount of 50000, the limit will start at 2000 and will increase every month.
With the increase in FD amount every month, the limit of credit cards also increases.
At the end of the year, under the FD account of 25000, the limit of the credit card is made Rs 21000 and Rs 42000 is made under the 50000 FD.
The bank FD offers the best interest rate, which is currently 9.25% annually.
The joining fee of this card is Rs 500 and the annual fee is also Rs 500.
Cash advance of up to 80% of the total limit of this credit card can be taken.
There is a free credit period of 20 to 50 days on this card.
The Finance Interest Rate is about 27% annually.

2 – ICICI Credit Card Against FD

The name of the credit card to be made by ICICI Bank in lieu of fixed deposits is Instant Platinum Credit Card.
To make this credit card, you will have to make an FD of at least Rs 20000 for at least 6 months.

Credit card will be made only in the name of the person whose name will be FD
There is no joining fee or annual fees on this card.
If the bill does not pay on time, then the amount spent will cost about 2.5% monthly interest.
There are many attractive discounts, cash back, and reward points on this card.
On paying the utility bill, one payback point is available for every 100 rupees.
On purchasing fuel from the card, a 1% surcharge waiver is available and a discount is also given on eating food in the restaurants which are under the bank’s panel.

3 – Kotak Credit Card Against FD

The credit card made by Kotak Bank against FD is named 811 Dreamdifferent Credit Card.
This credit card can also be made of 10000 against FD.

This card is also made online, which does not need to give other documents to make it, only you should have fixed deposits in Kotak.
The limit of this credit card can range from 9000 to 160000.
There is no joining fee or annual fees on this card.
Customers can use up to 90% cash withdrawal from this credit card.
300 rupees charge is charged for every 10000 cash.
Outstanding balance is charged up to 3.5% monthly interest.
500 bonus points are available only on spending 5000 in the first 45 days.
2 reward points are available for spending every 100 rupees online.
Many more attractive offers are available on this card.

4 – HDFC Credit Card Against FD

HDFC Bank’s credit card is made towards FD, one of which is Regalia Credit Card. It is a card for a high-value customer.

These are two types of cards, first Regalia Credit Card and second Regalia Credit Card First.
The first card is made of against 4 lakh FD and the second card is made of against 2 lakhs FD amount.
12 Complimentary Airport Lounge Access is available on this card.
10000 reward points are available on spending 5 lakhs.
There is a 1% discount on the fuel surcharge.
You can convert expenses incurred on the card into EMI.
It is a high-level premium card that is for high-profile customers.
It offers 1 cr death benefit in case of air accident death.
The joining fee of this card is 2500 and the annual fee is 2500, which is also wave by the bank with some conditions.

 5 – Axis Bank Credit Card Against FD

Axis Bank also offers a credit card for its customers who have FD in Axis bank.
FD should be at least Rs 20000 to make Credit Card.
The bank credit card limit keeps 80% against the FD amount.

If the customer does not pay money on time, then the bank has the right to recover the money directly from FD.
If FD should be for at least 1 year, the credit card is made for 1 year.
Attractive reward points are available on this card.
There is a free credit period of 20 days to 50 days.
Income proof is not required to apply for this card.
This credit card can be made up to a limit of Rs 25 lakh.

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What is a fixed deposit?

A fixed deposit is a type of investment that can help you make money. You deposit a certain amount in the bank for a certain period and get the interest rate on it.
The interest rate on fixed deposits is decreasing daily. This interest rate is mainly from 4% to 8% annually.
Fixed deposit, known as FD, is one of the most popular types of investments in India.
Fixed deposits also have some benefits like, money is safe because it is deposited in the bank – it has higher returns than other types – high-interest rates on FDs provide better returns.

Investors provide better returns if many can be invested in to share market or bonds.

Why is a credit card important?

A credit card is a plastic card that can be used to purchase goods and services. This allows the holder to borrow money to a certain extent from the credit issuer to shop. The card issuer (usually a bank) lends money, and the person shopping pays both the borrowed amount and any interest or other fee.
Credit cards are often issued by banks, but can also be obtained from non-financial institutions, such as major retailers or oil companies.
Cashless transactions can be done with credit cards. There will be no need to take cash in the pocket through the credit card, reducing the risk of cash theft.
The trend of credit cards is increasing. Nowadays every online shopping company keeps offering many breathtaking offers.
Free credit can be used for about 50 days with a credit card.

Why should a credit card be taken in lieu of fixed deposits?

1. Nowadays almost all banks offer credit card options in lieu of fixed deposits. Why should a credit card be taken in exchange for FD –
2. Fixed deposits can be kept for a long time that gives more returns, but during this time the credit card can meet your sudden money requirement.
3. A credit card can be started with a credit card. People who do not take loans from the bank do not start the credit score, in such a situation, FD’s Against Credit Card will start your credit score, which is needed in taking loans.
4. FD Against people can also take credit cards that are not eligible for credit cards.
5. Many offers and cashback come from time to time on the credit card, which can be taken advantage of.
6. The bank also has security on the credit card given by FD, it does not cause customer default.

Various types of credit cards available in the market

There are many credit cards available in the market and it can be difficult to decide which is the best for you.
When we talk about the best credit card, the answer is not so easy. It actually depends on your needs and preferences. Some people may prefer cash back cards while others want the travel prize card. While deciding which card will be most suitable for you, you have to take into account your priorities.
Various types of credit cards are available in the market, but they are not all good. It is necessary to do research about it before taking a credit card and it is necessary to know the feature of the credit card only then you will know which card will be better for you.