HDFC Bank offers the most secured credit cards against fixed deposits (FD), which is ideal for people with little or no credit history, such as students, freelancers, or individuals with a low CIBIL score. Here is a brief overview based on all the available information:
Table of Contents
Key Features of HDFC Credit Card Against FD
- Collateral: The FD serves as security, reducing the bank’s risk. The FD continues to earn interest during the card’s tenure.hdfcbank.comhdfcbank.com
- Credit Limit: Typically 80-90% of the FD amount, with a maximum limit of ₹3 lakhs. Multiple FDs can be combined to increase the limit.hdfcbank.comstablemoney.in
- Minimum FD Amount: ₹15,000 with a minimum tenure of 1 year.hdfcbank.comhdfcbank.com
- Eligibility:
- Indian resident with a valid address.
- Age: 18-75 years (some sources mention 18-65).hdfcbank.comhdfcbank.com
- Must have an active FD with HDFC Bank or be willing to open one.
- Not applicable for Tax Saver FDs, NRI FDs, minors’ FDs, or FDs with existing liens.hdfcbank.com
- Benefits:
- Easy approval with no income proof required.stablemoney.in
- Helps build or improve credit score with timely payments.stablemoney.in
- Rewards and cashback on eligible transactions, redeemable for vouchers, airmiles, or statement credit.hdfcbank.com
- SmartEMI option for flexible repayment of purchases.hdfcbank.com
- Interest-free period (48-55 days) if dues are cleared on time.bankbazaar.compolicybazaar.com
- Card Variants: Examples include MoneyBack+, Millennia, BizPower, Diners Club Privilege, and Regalia Gold. Some cards may have joining fees (e.g., ₹500-₹2,500 + GST), though many are lifetime-free (LTF) except for premium cards like BizBlack.cardinsider.comcardmaven.in
- Default Consequences: If dues are unpaid, the bank may deduct the outstanding amount (including interest) from the FD.hdfcbank.com
Application Process
- Open an FD: If you don’t have one, create an FD (minimum ₹15,000) online via NetBanking or at an HDFC branch.hdfcbank.com
- Apply for the Card:
- Online: Through HDFC NetBanking or Mobile Banking, select the FD and apply for the card.cardinsider.com
- Offline: Visit a branch, submit identity/address proof, and FD details.hdfcbank.com
- Verification and Issuance: Post-verification, the card is issued with a credit limit based on the FD amount.hdfcbank.com
- Activation: Activate the card within 30 days via a transaction, PIN setup, or MyCards to avoid closure.hdfcbank.com
Tips for Effective Use
- Pay dues on time to avoid penalties and build credit.hdfcbank.com
- Use the card regularly for rewards but keep credit utilization low.hdfcbank.com
- Track spending via NetBanking, Mobile Banking, or MyCards.hdfcbank.com
Limitations
- Only new customers without an existing HDFC credit card can apply for FD-based cards.cardinsider.com
- Not available for certain FDs (e.g., Tax Saver, NRI, or lien-marked).hdfcbank.com
- Premium cards like BizBlack may not be LTF and have fees.cardmaven.in
Why Choose HDFC FD Credit Card?
This is a great option for those ineligible for traditional credit cards due to low income or credit score. It provides financial flexibility, helps build credit, and allows the FD to keep earning interest (3.00%-7.25% p.a. for general public, up to 7.75% for senior citizens
For more details or to apply, visit HDFC Bank’s Credit Card Against FD page or contact your relationship manager. If you need specific card comparisons or FD rates, let me know!hdfcbank.com
compare FD rates
To provide a meaningful comparison of HDFC Bank’s fixed deposit (FD) interest rates for FDs linked to credit cards, I’ll compare HDFC’s rates with those of other major Indian banks offering similar secured credit card products against FDs. The comparison focuses on rates for deposits below ₹3 crore, as this is the typical range for FD-backed credit cards, with a minimum FD amount of ₹15,000 for HDFC. Since the credit card against FD requires a minimum tenure of 1 year, I’ll emphasize tenures of 1 year and above. Rates are based on the latest available data as of July 2025.
Key Banks Offering Credit Cards Against FDs
- HDFC Bank
- SBI (State Bank of India)
- ICICI Bank
- Axis Bank
- Kotak Mahindra Bank
Below is a comparison of FD interest rates for general citizens and senior citizens across these banks for tenures relevant to FD-backed credit cards (1 year to 5 years). Rates are sourced from official bank websites and recent updates.
FD Interest Rates Comparison (General Citizens)
| Tenure | HDFC Bank | SBI | ICICI Bank | Axis Bank | Kotak Mahindra |
|---|---|---|---|---|---|
| 1 year | 6.60% | 6.80% | 6.70% | 6.70% | 7.10% |
| 15 months | 7.05% | 7.10% | 7.20% | 7.10% | 7.15% |
| 18 months | 7.05% | 7.00% | 7.20% | 7.10% | 7.15% |
| 2 years | 6.70% | 7.00% | 7.20% | 7.10% | 7.15% |
| 3 years | 6.75% | 6.75% | 7.00% | 7.00% | 7.00% |
| 5 years (Tax-Saving) | 7.00% | 6.50% | 7.00% | 7.00% | 6.50% |
FD Interest Rates Comparison (Senior Citizens)
| Tenure | HDFC Bank | SBI | ICICI Bank | Axis Bank | Kotak Mahindra |
|---|---|---|---|---|---|
| 1 year | 7.10% | 7.30% | 7.20% | 7.20% | 7.60% |
| 15 months | 7.55% | 7.60% | 7.70% | 7.60% | 7.65% |
| 18 months | 7.55% | 7.50% | 7.70% | 7.60% | 7.65% |
| 2 years | 7.20% | 7.50% | 7.70% | 7.60% | 7.65% |
| 3 years | 7.25% | 7.25% | 7.50% | 7.50% | 7.50% |
| 5 years (Tax-Saving) | 7.50% | 7.50% | 7.50% | 7.50% | 7.00% |
Notes
Compare card-specific benefits (e.g., reward
Rates are subject to change; check official bank websites (e.g., HDFC Bank, SBI, ICICI Bank, Axis Bank, Kotak Mahindra) for real-time updates.
For FD-backed credit cards, the FD must remain active for the card’s tenure, and interest continues to accrue at the above rates.
