How To Get a Credit Card Against Fixed Deposits?


Have you ever thought about leveraging your Fixed Deposit (FD) to get a credit card? Well, let’s dive right in and explore the concept of acquiring a credit card against your FD. This post will take you on a journey to discover credit cards that have changed the game.

Get ready to learn about online credit card payments, navigate through credit card statements, avoid those dreaded late payment charges, and unlock the secrets of how this opportunity can have a profound impact on your credit score. 

Introducing Credit Card against Fixed Deposit

A credit card against FD allows you to enjoy the perks of a credit card while utilising your FD as collateral. With such Credit Cards, you can experience what new age credit cards mean: generous credit limits, and a range of exclusive perks.

Features of Credit Cards against Fixed Deposit

1. Enhanced Security: 

Your FD acts as collateral, providing security for both you and the lender. This security feature helps you get approved for the credit card, even if you have a limited credit history or a low credit score.

2. Competitive Interest Rates: 

The card offers competitive interest rates on both your fixed deposit and outstanding credit card balances. It ensures that you can make the most of your savings while enjoying the benefits of a credit card. 

3. Generous Credit Limit: 

The credit limit on your Credit Card is usually 100% of your FD amount. These credit cards offer competitive credit limits, ensuring you have access to funds that align with your FD amount.

How to Apply for OneCard Credit Card Against Fixed Deposit

OneCard is a free lifetime metal credit card with no joining or annual fees. Imagined for the modern credit card user, the card lets you control all functions from the powerful OneCard App. What’s more, it offers the lowest forex fees in the market with just a 1% forex markup, and also gives you 5X rewards on your Top 2 spend categories each month. The card can be activated in minutes and you can begin redeeming reward points from the get-go. There are no redemption fees or minimum threshold to redeem points either. 

To apply for a OneCard Credit Card with an FD, here’s what you need to do.

  1. Download the app from Play Store or App Store. 
  2. The app will then ask for your details such as name, email id, address, PAN card number, etc. 
  3. Fill all the details accurately and proceed with opening an FD with OneCard. The FD amount starts from Rs 5000 and the maximum limit is Rs 1 lakh. Whatever the amount you choose, you will get a credit card limit equal to that amount. 
  4. You will receive a virtual card instantly while the physical card will take a few days to get delivered. For getting a secured metal OneCard Credit Card, a minimum FD of Rs. 50,000 is required: there is no such condition for  an unsecured OneCard Credit Card. 

Using OneCard Credit Card to Improve Your Credit Score

Here’s how you can use your OneCard Credit Card to improve your credit score.

  1. Responsible Credit Card Usage: 

Pay your credit card bills on time and in full every month to demonstrate responsible financial behaviour. It helps build a positive credit history and improves your credit score over time.

  1. Credit Utilisation Ratio: 

By using a credit card against your FD, you can keep your credit utilisation ratio low. It refers to the percentage of your available credit that you utilise. A lower ratio is beneficial for your credit score.

  1. Regular Monitoring: 

Keep track of your credit score regularly to assess your progress and ensure that responsible credit card usage is positively impacting your creditworthiness.


Obtaining a Credit Card against FD is an excellent opportunity to enter the world of credit while leveraging your existing savings. By understanding online payments, deciphering statements, avoiding late payment charges, and utilising this opportunity to improve your credit score, you can make the most of your credit card journey.


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