WordsA card against a deposit
Secured card
A credit card issued against a fixed deposit you hold with the bank. The bank marks a lien on the deposit and gives you a limit that’s a share of it; each bank sets the share, and HDFC Bank’s FAQ, for example, says 90 per cent.
HDFC Bank asks for no income documents or credit score for it, though it still checks your bureau record, and the deposit stays locked until you clear your dues and close the card. Its MITC charges interest on these cards at the same rate as the card they’re issued as.
Where this comes from
- HDFC Bank, FD Backed Credit Card FAQs23 February 2026: limit, income documents and withdrawals
- HDFC Bank, Key Fact Statement cum MITC for Credit CardsVersion 4.12, 30 September 2026: Part I, A) v. finance charges
Last checked
Posts that use it
Nobody has written about secured card yet.
Write about it
More words like it
FD
Fixed deposit
Money kept with a bank for a fixed time. A secured card is issued against one, with a limit that's a share of it.
More about FDNTC
New to credit
No history at the credit bureaus yet: no loan, no card, so no score. Everyone starts here.
More about NTCThin file
Little or no credit history
A credit report with very little in it, usually because your first card or loan is recent.
More about thin fileCIBIL
Your credit score, as people say it
India's first credit bureau, and the name most people use for their credit score, which runs from 300 to 900.
More about CIBIL
What happened to members, not financial advice. Offers change, so check with the bank. Terms of use