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20+ Best Secured/FD-Based Credit Cards In India 2023

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In the year 2023, India's credit card landscape is witnessing a substantial transformation, with a notable emphasis on secured and fixed deposit (FD)-linked credit cards. These financial tools provide a responsible and easily accessible avenue for individuals to embark on or further their journey in establishing a robust credit history while enjoying the diverse advantages of owning a credit card.

One prominent player in this arena is the SBI Card Unnati, which requires a fixed deposit but stands out due to its uncomplicated approval process and enticing cashback incentives. Similarly, the ICICI Bank Instant Platinum Credit Card offers an attractive option by waiving annual fees when secured against a fixed deposit. Additionally, the Axis Bank Insta Easy Credit Card extends secured credit with appealing benefits like reward points and exemptions from fuel surcharges.

Acknowledging the crucial role that secured credit cards play in promoting financial inclusivity, financial institutions nationwide, including HDFC, IDBI, IndusInd, Canara Bank, and Standard Chartered, have introduced FD-backed credit cards. This diversification of offerings broadens their reach, catering to a more diverse clientele, including individuals with limited credit histories or lower incomes.

These credit cards empower individuals to take control of their financial destinies while enjoying the convenience and adaptability of credit card usage. When choosing the most appropriate card, a deliberate decision should be made, taking into consideration individual financial aspirations and credit-building requirements. Responsible management of these secured and FD-linked credit cards not only facilitates immediate financial control but also lays a robust foundation for a more promising financial future in the years ahead. Read more: https://cardinsider.com/best-secured-fd-credit-cards-in-india/



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