A low CIBIL score can make it difficult to get approved for a regular credit card. Most banks prefer applicants with a credit score above 700 and a stable credit history. If you have a low score, no credit history, or previous loan repayment issues, your credit card application may be rejected.
Fortunately, there is a simple solution: a secured credit card against a Fixed Deposit (FD).
Many banks in India offer FD-backed credit cards with fixed deposits starting at ₹2,000. The best part is that approval is usually based on your FD rather than your credit score.
What is a Fixed Deposit Credit Card?
A secured credit card is issued against a fixed deposit maintained with the bank. Your fixed deposit serves as security for the credit card, giving banks confidence to offer you credit even if your CIBIL score is low or your credit history is limited.
Because the card is backed by your own money, banks are often willing to issue a credit card even if:
- Your CIBIL score is low.
- You have no credit history.
- Your income proof is limited.
- Previous credit applications were rejected.
Most banks offer a credit limit of 80% to 100% of the FD amount.
For example:
| Fixed Deposit | Credit Limit |
| ₹2,000 | ₹1,600 to ₹2,000 |
| ₹5,000 | ₹4,000 to ₹5,000 |
| ₹10,000 | ₹8,000 to ₹10,000 |
| ₹50,000 | ₹40,000 to ₹50,000 |
Why Choose an FD-Based Credit Card?
Many people assume that a low CIBIL score permanently blocks them from accessing credit. However, secured credit cards can actually help rebuild your credit profile.
Major Benefits
- Easy approval
- No high-income requirement
- Available for low CIBIL borrowers
- Helps improve credit score
- Earn rewards and cashback.
- Build credit history
- FD continues earning interest.
Top Credit Cards Available with ₹2,000 Fixed Deposit
The following secured credit cards are popular among beginners and applicants with low CIBIL scores.
1. IDFC FIRST WOW Credit Card
One of the most popular FD-backed credit cards in India.
| Feature | Details |
| Minimum FD | ₹2,000 |
| Credit Limit | Up to 100% of FD |
| Joining Fee | Nil |
| Annual Fee | Nil |
| Forex Markup | Low |
| Credit Score Requirement | Not Mandatory |
Why It’s Popular
- Lifetime free card
- Fully digital application
- Suitable for first-time users
- Helps build a credit score
Also Read: IDFC FIRST Bank Launches FIRST WOW Black Premium Card
2. Kotak 811 DreamDifferent Credit Card
Kotak 811 DreamDifferent Card is designed for people looking to establish or rebuild credit.
| Feature | Details |
| Minimum FD | ₹5,000 |
| Credit Limit | Up to 90% of FD |
| Annual Fee | Nil |
| Rewards | Available |
3. ICICI Bank Instant Platinum Credit Card
The ICICI Bank credit card is one of the oldest FD-based credit cards in India.
| Feature | Details |
| Minimum FD | ₹20,000 |
| Credit Limit | Up to 85% of FD |
| Joining Fee | Nil |
| Annual Fee | Nil |
4. Axis Bank Insta Easy Credit Card
You can apply for an Axis Bank Insta Easy Card for individuals with limited credit history.
| Feature | Details |
| Minimum FD | ₹20,000 |
| Credit Limit | Up to 80% of FD |
| Documentation | Minimal |
5. SBI Unnati Credit Card
Popular among customers starting their credit journey.
| Feature | Details |
| Minimum FD | ₹25,000 |
| Credit Limit | Based on FD |
| Annual Fee | Waived initially |
How Does an FD Credit Card Improve CIBIL Score?
Many borrowers use secured credit cards specifically to improve their credit profile.
Here’s How
When you:
- Use the card regularly.
- Pay bills on time
- Maintain low utilization
- Avoid missed payments
The bank reports positive repayment behavior to credit bureaus. Over time, this can help increase your CIBIL score significantly.
Who can apply for an FD Credit Card?
An FD-backed credit card is ideal for:
Low CIBIL Score Borrowers
People with scores below 650 often find it easier to get approval.
First-Time Credit Users
Individuals with no credit history can start building a score.
Students
Students with savings can create an FD and begin building credit early.
Self-Employed Individuals
Those who struggle to show regular salary income can benefit from secured cards.
Eligibility Criteria
Most banks require:
| Criteria | Requirement |
| Age | 18 to 65 Years |
| Fixed Deposit | ₹2,000+ |
| PAN Card | Required |
| Aadhaar Card | Required |
| Bank Account | Required |
A credit score is generally not the primary approval factor.
Documents Required
The documentation process is simple.
Basic Documents
- Aadhaar Card
- PAN Card
- Passport-size photograph
- Fixed Deposit account
- Mobile number
Many banks now offer completely digital applications.
How to Apply for a Credit Card with ₹2,000 FD
Step 1
Choose a bank offering FD-backed credit cards.
Step 2
Open a fixed deposit account.
Step 3
Create an FD of at least ₹2,000 (or the minimum required by the bank).
Step 4
Submit a credit card application.
Step 5
Complete KYC verification.
Step 6
Receive card approval and activation.
How Long Does It Take to Improve a CIBIL Score?
The timeline depends on your credit behavior.
| Credit Activity | Expected Impact |
| 3 Months | Initial improvement |
| 6 Months | Noticeable increase |
| 12 Months | Stronger credit profile |
| 18+ Months | Significant improvement possible |
Consistency is the key to rebuilding credit.
Also Read: Top 4 Premium Credit Cards with Massive Welcome Bonuses
Conclusion
If your credit score is low or you have never used credit before, an FD-backed credit card can be one of the easiest ways to access credit and rebuild your financial profile.
With fixed deposits starting from as little as ₹2,000, cards like the IDFC FIRST WOW Credit Card provide an affordable entry point into the credit ecosystem. By using the card responsibly and paying bills on time, you can gradually improve your CIBIL score and become eligible for regular credit cards, personal loans, and other financial products in the future.