16 Jan 2026 | 5 Mins Read
FD-backed credit cards may offer approval for those with poor credit score
Flipitmoney
Low credit scores can restrict access to credit cards and loans. FD-backed credit cards offer an alternative, relying on collateral from a fixed deposit instead of trust. These cards have lower risk for banks, making approval simpler with lower income requirements. They report usage and repayment to credit bureaus, helping to rebuild credit scores over time if used responsibly.