Credit Card Against FD (Fixed Deposit)

A Credit Card on FD is a good option as it offers a secure line of credit, helps build your credit score, keeps your investment (FD) intact while continuing to earn interest, and requires minimal documentation. Hence, these cards are ideal for individuals new to the credit system.

No, a Credit Card Against Fixed Deposit does not require a minimum credit score. This makes it an ideal option for those with low or no credit score who are looking to access credit and build their credit history

Yes, an FD Credit Card can help improve your CIBIL score. However, to do so, you need to use this low-risk Credit Card responsibly and follow the best practices, such as clearing Credit Card bills on time, keeping credit utilisation low and using the same Credit Card for a longer period.

Yes. You can easily get a Credit Card with FD. But it is important to note that you must meet the eligibility criteria set by your bank to get an FD Credit Card.

An FD Credit Card is secured by the FD amount, which serves as a Credit Card on Fixed deposit collateral.

This means that in the event of default, the bank has the right to use this Credit card security deposit to recover the outstanding Credit Card dues.

However, prior to taking such a step, the bank notifies the cardholder through every possible communication channel, ensuring transparency and giving the cardholder a chance to settle the dues himself.

The minimum Fixed Deposit amount for an Axis Bank FD-linked Credit Card is ₹15,000.

Fixed Deposit can be booked through any UPI account.

No, in this journey, customers who currently hold a credit card or have previously held one but do not have it anymore are not eligible to apply for a Credit Card Against Fixed Deposit. This product is specifically designed for individuals who are new to credit cards.

In the event of losing your Credit Card, promptly notify Axis Bank by contacting Customer Care. The card will be instantly blocked, and during the same call, you can request a replacement. Additionally, report the lost card to the police station in the area where you suspect it was misplaced or lost.

A reward point serves as an extra benefit provided by banks as a token of appreciation for each credit card purchase. These points accumulate as you use your credit card, and once a sufficient amount is gathered, you have the option to redeem them for various rewards, such as gift vouchers and more.

Axis Bank offers the eDGE Loyalty Rewards Program to all its credit card customers. It is designed to reward customers for every purchase transaction they make. Each reward is curated to ensure customers have exceptional experiences when choosing and redeeming gifts with Axis Bank.

Along with presenting a wide variety of rewards, Axis Bank credit card customers can make redemptions with a minimum number of accumulated rewards points under the eDGE Loyalty Rewards Program

No, You can close a Fixed Deposit (FD) even if your credit card is active.

Step to close the FD online:

1. Log in to your bank’s mobile app.
2. Navigate to the Fixed Deposit Details section.
3. Select the FD you wish to close.
4. Tap the “Close FD” button visible at the bottom of the FD details page.
5. Confirm the closure and proceed with the instructions.