03 Oct 2025 | 5 Mins Read
FD-backed credit cards offer a secure way to build credit
Flipitmoney
An FD-backed credit card is extended against a FD as collateral, offering a credit limit of 75-90% of the deposited value. This type of card benefits individuals with low or no credit score, allowing them to build credit history, with features like reward points and lower risk for banks. It's suitable for first-time borrowers, including housewives, students, and those with non-salaried incomes.