Synopsis: This article highlights FD-backed credit cards that are typically 100% secured by fixed deposits, offer credit limits of 80-90% of the FD, and offer significant cashback on daily spends.
Why Choose an FD Backed Credit Card?
In the case of a secured credit card, the Fixed Deposit is used as collateral. The bank will offer you a credit limit that is 90-100% of your FD amount. Since the FD ensures that the bank does not suffer any loss, it does not require any other documents like pay stubs, income tax returns, or CIBIL score. You earn interest from your FD as well as cashback from your credit card transaction, which means that you are getting dual benefits from one FD.
1) IDFC FIRST Hello CashBack Credit Card
IDFC FIRST Bank launched its most rewarding FD-backed secured card in February 2026 named Hello CashBack. The minimum required deposit in the account is ₹10,000, and the credit limit is 100% of the deposit amount.
- Cash Back Structure:
- 5% on online transactions more than ₹10,000 in statement period
- 3% on online transactions not exceeding ₹10,000
- 1% on POS/In store, UPI transactions through IDFC FIRST Bank mobile app, essential expenses such as utilities, education, insurance, FASTag, rent, etc.
- 1% bonus on flights and hotel bookings from IDFC FIRST Bank mobile app (overall 6% cash back)
- Monthly cashback cap is ₹1,500
- Charges & Fees:
- Joining fee: ₹1,000 + GST
- Annual charges: ₹1,000 + GST; 100% waived for ₹2 lakh annual spending, 50% waived for ₹1–2 lakh annual spending
- Add-ons: Roadside assistance service complimentary (₹1,399), personal accident cover (₹2 lakh), lost card protection (₹25,000), 1% fuel surcharge waiver, zero interest on ATM withdrawal transaction (up to 45 days, ₹199+GST charges).
- USP: Cash back for online transactions at the best possible rate amongst FD-based cards, cash back on UPI and essential categories generally ignored by other secured cards.
To apply for this card, please visit the Official Website
2) SBM Kredit.Pe Credit Card
A secured card from SBM Bank India, which can be accessed through the Kredit.Pe mobile application. The card is designed for everyday UPI spenders requiring uncomplicated cashback with no limits.
- Cashback Structure:
- 3% cashback on card payment transactions using UPI on Kredit.Pe
- 3% cashback on card payments at online e-commerce merchants
- No limit on cashback amount
- Charges & Fees:
- No joining charges for life if Fixed Deposit ≥₹5,000. Joining charges will apply annually ₹199 if Fixed Deposit <₹5,000
- Minimum Fixed Deposit ₹2,000
- Interest Rate on Fixed Deposit 3.5% per month (42% per annum)
- Add-On Benefits: The Fixed Deposit is insured up to ₹5 lakh by DICGC. Credit Score improvement is enabled by each payment.
- USP: Cashback of flat 3% without any limit on all spends.
3) SBM ZET Credit Card
This life-time free card offered by SBM Bank is powered by the ZET app and provides a combination of discounts from brands along with UPI cashback, earning up to 7% interest on the FD account.
- Cashback & Offers:
- Upto 20% discount on Swiggy, Zomato, Instamart, BookMyShow
- 5% Cashback on Amazon Pay & Flipkart vouchers
- 2% Cashback on ZET UPI payments
- Upto 15% Cashback with 80+ brand partners (Domino’s, PVR, Nykaa, Cleartrip, and more)
- ZET Plus Plan (₹3/Day): 2% Cashback on all ZET UPI Payments + More Benefits
- Charges & Fees:
- Joining Fee: Nil (Life-Time Free Card)
- Annual Fee: Nil
- Minimum FD: ₹2,000
- FD Interest Rate: Up to 7%
- USP: Life-time free card with largest brand discount network among the secured cards; FD earns up to 7% p.a.
To apply for this card, please visit the Official Website
4) Kotak811 Super Money Credit Card
Co-branded with Kotak Mahindra Bank and super.money, this secured credit card offers one of the lowest FD minimums in the country at ₹1,000, and is free of annual fees for FDs worth ₹5,000 or more.
- Cashback Offers:
- Myntra: 5% cashback
- Cleartrip: 3% cashback
- Flipkart: 2% cashback
- UPI Spend: 1% cashback
- Monthly Limit: ₹500 (super.money UPI); ₹1,000 (all other platforms)
- Cashback redeemable only from the super.money app
- Charges & Fees:
- Joining Charge: ₹0 for FDs worth ₹5,000 and above; ₹249 for the card along with FDs less than ₹5,000
- Annual Fee: ₹0
- Interest Rate on FD: 6% per annum
- Foreign Exchange Markup: 2%
- USP: Lowest FD minimum requirement in India (₹1,000); free for life with lucrative brand-specific cashbacks and low foreign exchange markup.
5) IDFC FIRST EA₹N Credit Card
The EA₹N (FIRST EA₹N) is a secured RuPay credit card from IDFC FIRST Bank that helps people who are new to credit cards develop their credit history and earn regular cashback as well as enjoy travel benefits through UPI transactions.
- Cashback:
- 1% cashback on UPI through IDFC FIRST Bank App (maximum of ₹500 per month)
- 0.5% cashback on UPI through other third party apps/UTs/Insurance premiums/Wallet loads
- 8% bonus cashback on booking hotels through ‘Travel and Shop’
- 4% bonus cashback on booking flights through ‘Travel and Shop’
- Welcome offer: Cashback of 100% on the first UPI transaction made by you (maximum of ₹500)
- Fee & Charges:
- Joining fees: ₹499 + GST
- Annual fees: ₹499 + GST (annual spending of ₹1 lakh, no annual charges)
- Minimum Fixed Deposit Amount: ₹5,000
- Interest rate: Between 8.5% and 46.2% p.a.
- Interest on Fixed Deposit: Maximum of 7.25% per annum
- USP: Highest FD interest rate in this list (7.25%) and good cashback offer on travel expenses, especially hotels; welcome cashback compensates for the joining fee.
Comparison Table
Conclusion
FD-supported credit cards have made it easier than ever to get credit in India by bypassing all the traditional gatekeepers such as income proof, credit score, and work experience. Whether you are a student making an initial ₹1,000 FD investment with Kotak811 Super Money, an online shopper earning 5% cash back using IDFC FIRST Hello CashBack, or a traveler earning 8% interest on hotel booking via the EA₹N card, there’s a card tailored to your lifestyle.
Having said that, the choice of credit card decision is based on factors like how much money you have to invest, how you prefer to shop, and what financial objectives you have. There is no single correct answer here, you should simply pick the credit card which suits you the best.
Written by Shrikara
