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IndusInd Bank
IndusInd Bank Credit Card Against Fixed Deposit
Visa
IndusInd Bank Credit Card Against Fixed Deposit
IndusInd Bank's entry point for new-to-credit customers: place a fixed deposit (typically ₹75,000+) and receive a card with a limit of up to 90% of that amount, with relaxed eligibility and no income documentation. It suits young professionals or NRIs who want an Indian credit history without an existing salary or credit score.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
1%
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: 1% base rate
Benefits by category
- ⛽ Fuel
1% fuel surcharge waiver on transactions in the standard range
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
Fees & charges
- Foreign currency markup: 3.5%
- Fuel surcharge waiver: 1% fuel surcharge waiver on transactions between ₹500-₹3,000
Benefits
- Credit limit of up to 90% of a linked IndusInd Bank fixed deposit, typically starting from ₹75,000-₹1,00,000
- 1% fuel surcharge waiver on transactions in the standard range
Pros
- + Relaxed eligibility — no income proof or existing credit score needed
- + High advance rate of up to 90% of the FD value
- + FD keeps earning its normal interest while pledged
Cons
- − Minimum FD requirement is higher than most peers (often ₹75,000+)
- − Reward structure is basic compared to IndusInd's unsecured cards like Tiger or Legend
- − Card is closed if the underlying FD is prematurely withdrawn