How A Fixed Deposit Can Help You Secure A Credit Card Easily

In India, many banks and financial institutions prefer extending credit cards only to customers with a proven track record of timely repayments and a good credit score. This creates a barrier for those with little or no credit history. According to experts, a fixed deposit credit card , also known as a secured credit card , is one option that allows first-time applicants to step into the world of credit. Backed by your own savings, it provides access to credit facilities while continuing to earn interest on your fixed deposit.