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HDFC Bank
HDFC Bank Credit Card Against FD
Visa
HDFC Bank Credit Card Against FD
A secured card where an HDFC Bank fixed deposit of at least ₹15,000 (minimum 1-year tenure) stands in for income proof and credit history, issuing a limit of up to 90% of the FD value. Built for first-time cardholders, homemakers, freelancers, and anyone rebuilding a credit score, since approval is essentially guaranteed once the FD is in place.
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
- Age: 18–75
Fees & charges
- Rewards redemption fee: Points redeemable as statement credit at no cost; nominal fee for catalogue/voucher redemptions
- Foreign currency markup: 3.5%
- Fuel surcharge waiver: 1% fuel surcharge waived on transactions between ₹400 and ₹1,00,000, capped at ₹250 per statement cycle
- Cash advance charges: 2.5% of the withdrawn amount or ₹500, whichever is higher; interest accrues from the date of withdrawal with no interest-free period
Benefits
- Credit limit of up to 90% of the linked fixed deposit value; multiple eligible FDs can be combined to raise the limit
- Linked FD continues to earn its full applicable interest rate while it also secures the card
Pros
- + No income proof, employment proof, or credit score required — the FD is the only underwriting criterion
- + Zero joining and annual fees
- + The linked FD keeps earning its normal interest rate throughout
- + An easy, low-risk way to start building a CIBIL score
Cons
- − Minimum FD amount of ₹15,000 with at least a 1-year tenure ties up savings
- − Rewards and benefits are minimal compared to HDFC's unsecured entry cards like Millennia
- − Defaulting on dues lets the bank recover from the FD, so it isn't risk-free