Fixed Deposit Credit Cards in India 2026

No annual fee – lifetime free card : There is no annual fee on this card.

Fixed deposit based credit card (income proof not required, credit history not required)
– Card is issued against your fixed deposit (minimum FD of ₹20,000). Hence income proof is not required, credit history is also not required
– You get flexible credit limit, upto 80% of your fixed deposit amount
– 100% cash withdrawal (as much as card credit limit) on your card – hence you have full access to your money in case of emergencies

15% discount (upto ₹500) at restaurants in India – in partnership with EazyDiner
– This offer is valid once a month, on a minimum order amount of ₹2500
– Hence you get a 15% discount on orders between ₹2500 and ₹3333. On orders more than ₹3333, discount percentage falls below 15%, since the maximum discount is fixed at ₹500.

1.20% benefit on purchases outside India
– You earn 6 EDGE reward points worth ₹1.20, on every ₹100 you spend on your card outside India
– 1 EDGE reward point = ₹0.20 or 20 paise, and can be redeemed on Axis Bank’s rewards redemption platform (EDGE Rewards) for a variety of vouchers, products and more.

0.60% basic benefit on all purchases in India
– You earn 3 EDGE reward points worth ₹0.60, on every ₹100 you spend on your card in India
– 1 EDGE reward point = ₹0.20 or 20 paise, and can be redeemed on Axis Bank’s rewards redemption platform (EDGE Rewards) for a variety of vouchers, products and more.
– Exceptions : You earn no reward points on fuel spends.

1% fuel surcharge waiver at all fuel stations, upto ₹400 per month
– Only on fuel transactions between ₹400 and ₹4000, and
– Only on fuel purchases upto ₹40,000 per month (since cashback is capped at ₹400 per month)

Benefits from Visa
– Visa Platinum Concierge : You get a 24/7 digital personal assistant and lifestyle guide, giving you access to extraordinary experiences and exclusive privileges.
– Offers from Visa : You enjoy a variety of exclusive hotel, dining, shopping, and other lifestyle offers when you travel in Asia
– Global Customer Assistance : This service helps you block your card, get a replacement card and also get emergency cash

Benefits
– Good card to build credit history, which can help you get better credit cards in the future
– Card is lifetime free
– The card gives you cash availability in case of emergencies – cash withdrawal limit is 100% of your card credit limit

Drawbacks to consider
– You need to open a fixed deposit to get this card
– Better benefits are available on other cards

Guaranteed approval card against fixed deposit – no income proof required || no credit score required
– Minimum fixed deposit amount required is ₹15,000.

Lifetime free card – zero annual fee : No annual fee is charged on your card.

0.50% benefit on all spends
– You earn 2 reward points worth ₹0.50, on every ₹100 you spend on all purchases
– 1 reward point = ₹0.25.
Exceptions –
1. Fuel : You earn no reward points
2. Spend categories like rent, education, utilities, government, insurance, charity, supermarket : You earn 1 reward points worth 25 paise, on every ₹100 you spend.

Fuel surcharge waiver, upto ₹250 per month : You get a 1% fuel surcharge waiver at all fuel stations across India
– Only on fuel transactions between ₹400 and ₹5000, and
– Only on fuel purchases upto ₹25,000 per month (since the waiver amount is capped at ₹250 per monthly card statement cycle)

Benefits
– This card is ideal for individuals who may not have regular income AND/OR for those who do not have a good credit history – like students, first jobbers, homemakers, gig economy workers, senior citizens, travellers, and self-employed individuals. Hence it is a good starter card for beginners who are starting or rebuilding their credit journey.
– Credit card is lifetime free

Drawbacks
– Low reward rate of 0.50%

Guaranteed approval card against fixed deposit – no income proof required || no credit score required
– Minimum fixed deposit amount : ₹2000 for IDFC First Bank customers, ₹5000 for all others
– Minimum 100% credit limit against your fixed deposit.

Lifetime free card – zero annual fee : No annual fee is charged on your card.

0.66% benefit on all spends
– You earn 2.66 reward points worth 66 paise , on every ₹100 you spend on your card
– 1 reward point = ₹0.25 (25 paise), and can be redeemed on IDFC First’s rewards redemption platform for vouchers, products and more.
Exceptions :
– No reward points are given on on fuel purchases, EMI transactions & cash withdrawals
– 0.16% benefit on insurance spends & utility bill payments : You earn 0.66 points worth 16 paise , on every ₹100 you spend on insurance spends & utility bill payments.

Zero forex transaction fee on international card spends

Fuel surcharge waiver, upto ₹200 per month
– You get a 1% fuel surcharge waiver at all fuel stations across India
– Only on fuel transactions between ₹200 and ₹5000, and
– Only on fuel purchases upto ₹20,000 per month (since the waiver amount is capped at ₹200 per monthly card statement cycle)

Complimentary ‘Emergency Roadside Assistance (RSA)’ package worth ₹1399
– You get 24X7 assistance for flat tires & tire change, battery jump-start or alternate battery, fuel delivery, lost key replacement, minor repairs, vehicle towing (if required) – provided through Global Assure.
– You can avail this benefit up to 4 times a year.

Complimentary insurance covers
– ₹25,000 insurance cover for lost card liability, counterfeit/skimming/phishing and online fraud protection, for online purchases on your card.
– ₹2 lakh ‘personal accident cover’, in the unfortunate event of an accidental death or permanent disability due to a sudden, unforeseen and involuntary event caused by external, visible and violent means.

Benefits
– This card is ideal for individuals who may not have regular income AND/OR for those who do not have a good credit history – like students, first jobbers, homemakers, gig economy workers, senior citizens, travellers, and self-employed individuals. Hence it is a good starter card for beginners who are starting or rebuilding their credit journey.
– Credit card is lifetime free
– Zero forex conversion fee

Drawbacks to consider
– Low reward rate of 0.66%

Fixed deposit based card – no income proof required || instant approval card 
– Credit card is issued against your fixed deposit, for customers between 18 years and 75 years of age.
– Income documents not required, since the card is issued against the security of your fixed deposit.
– For Non-811 saving account customers: minimum fixed deposit amount is ₹10,000.
– For 811 saving account customers: minimum fixed deposit amount is ₹ 5,555.

Lifetime free credit card, welcome offer worth ₹125
– There is no annual fee on this card.
– Welcome offer of 500 bonus reward points worth ₹125, when you spend a minimum of ₹5000 within 45 days of activating your card.

Flexible credit limit, upto 80% of fixed deposit amount 
– You can choose a credit limit of your preference, upto 80% of fixed deposit amount (maximum ₹16 lakhs)

0.50% benefit on online spends 
– You earn 2 reward points worth ₹0.50 (50 paise), on every ₹100 you spend on online purchases.
– 1 reward point = ₹0.25 (25 paise), and can be redeemed on Kotak’s reward redemption platform (kotakrewards.com) for vouchers, products and more.

0.25% benefit on all other spends 
– You earn 1 points worth ₹0.25 (25 paise), on every ₹100 you spend on all other spends.
– 1 reward point = ₹0.25 (25 paise), and can be redeemed on Kotak’s reward redemption platform (kotakrewards.com) for vouchers, products and more.
– Exceptions : No reward points are given on fuel spends, railway spends, cash withdrawals.

Milestone benefit – additional benefit of upto 1%, on achieving yearly card spend of ₹75,000
On achieving yearly card spend target of ₹75,000, you get either –
– Cashback of ₹750/- OR
– 4 free PVR tickets (any day and any show, and can be redeemed online at www.pvrcinemas.com)

1.8% – 2.5% surcharge waiver on railway ticket bookings, upto ₹500 per year
– 1.8% for transactions made on the IRCTC website
– 2.5% for transactions made at Indian railway booking counters
– Maximum waiver of ₹500 per year

1% fuel surcharge waiver at all fuel stations, upto ₹3500 per year
– Only on fuel transactions ranging between ₹500 and ₹3000, and
– Only on fuel purchases upto ₹3.50 lakhs per year, since waiver is capped at ₹3,500 per year

Interest-free cash withdrawal 
– You can withdraw cash up to 90% of your total credit card limit
– No interest is charged on cash withdrawals (unlike most other credit cards).
– A processing fee of ₹300 is charged per ₹10,000 withdrawn, hence ideally one should withdraw cash only in an emergency

Benefits
– The card is lifetime free.
– It is issued against a fixed deposit, no income documents are required. Hence it is ideal for students, housewives, gig workers etc.
– In addition to fuel surcharge waiver, cardholders also get railway surcharge waivers ranging between 1.8% (on the IRCTC website) and 2.5% (on Indian railway booking counters).

Drawbacks to consider
– Benefits on beginner fixed-deposit based cards can be lower than other credit cards.

2% benefit on international card spends
– You earn 2 reward point worth ₹2, on every ₹100 you spend on card purchases outside India.
– 1 reward point = ₹1. You can redeem your rewards points on Kotak Rewards (rewards redemption platform), for a variety of shopping e-vouchers, mobile recharges, travel, movies and more.

1% benefit on all other card spends
– You earn 1 reward point worth ₹1, on every ₹100 you spend on all other card purchases.
– 1 reward point = ₹1. You can redeem your rewards points on Kotak Rewards (rewards redemption platform), for a variety of shopping e-vouchers, mobile recharges, travel, movies and more.

Complimentary airport lounge access in India – 2 per quarter

Fuel surcharge waiver, upto ₹3500 per year 
– You get a 1% fuel surcharge waiver at all fuel pumps across India
– Only on fuel transactions between ₹500 and ₹3000, and
– Only on yearly fuel purchases of upto ₹3.50 lakhs (since the maximum waiver amount is limited to ₹3500 per year).

Railway surcharge waiver, upto ₹500 per year : You get surcharge waiver for railway ticket bookings–
– 1.80% surcharge waiver for transactions made on the IRCTC website
– 2.50% surcharge waiver for transactions made at Indian railway booking counters
– Maximum waiver of ₹500 per year

Benefits
– Card for NRIs, especially useful when they visit India
– No income proof and credit history in India required since the card is issued against a personal fixed deposit

Drawbacks to consider
– Low rewards and benefits

Secured card, issued against minimum fixed deposit of ₹25000

No annual fee for the first 4 years
- Hence it is a good beginner credit card. Before end of 4th year you should be able to get higher reward credit cards, which do not required a fixed deposit as a security

Upto 0.25% reward on all card spends
- You get 1 reward point worth upto ₹0.25, on all card spends.Reward points can be redeemed for gifts on SBI Rewards Catalogue
- Exceptions : Reward points are not given on cash withdrawal, balance transfer, encash, flexipay and fuel transactions

Upto 1% additional reward (milestone program)
- You get ₹500 cashback, at ₹50,000 yearly card spend
- Cashback is credited within 15 days of reaching the ₹50,000 annual card spend target

Fuel surcharge waiver
- You get a 1% fuel surcharge waiver on fuel transactions between ₹500 and ₹3000 only. And only on fuel purchases upto ₹10,000 per month, since the waiver amount is restricted to ₹100 per month.

Benefits
- Good beginner card, if you do not meet the eligibility criteria of unsecured credit cards (meaning credit cards issued without security of a fixed deposit)
- No annual fee for 4 years, hence you can use this time to build your credit score and upgrade to higher reward unsecured credit cards

Drawbacks
- Low reward rate on card spends