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Federal Bank
Federal Bank Secured Credit Card (Against FD)
Visa
Federal Bank Secured Credit Card (Against FD)
A fixed-deposit-backed secured card for people building a credit history or who don't clear income/score checks for an unsecured card. The FD (minimum ₹25,000, 6-month tenure) keeps earning its own interest while backing the credit line, and the near-10% APR undercuts most unsecured cards by a wide margin. Rewards are minimal, so this is a credit-building tool rather than a rewards card.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
0.5%
Card network
Visa
Card tier
Entry
Who this card fits
Best suited to applicants who clear the standard eligibility bar. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 0.5% base rate
Benefits by category
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- 0
- Employment: salaried, self-employed
Fees & charges
- Foreign currency markup: 3.5%
- Interest rate: 0.83% p.a.
Benefits
- Credit limit of up to 80% of the linked Federal Bank fixed deposit, capped at ₹10 lakh.
- One of the lowest secured-card interest rates in the market at 0.83% p.m. (9.99% p.a.), with zero processing fee and zero documentation.
- Available to first-time credit users and those with no or thin credit history, since approval is based on the FD rather than income or credit score.
Pros
- + No annual or joining fee
- + Very low interest rate versus unsecured cards
- + No income proof or credit score requirement
- + FD continues to earn interest while used as collateral
Cons
- − Minimal rewards structure
- − Not available to NRI customers
- − Credit limit capped at ₹10 lakh regardless of FD size