Suryoday Small Finance Bank
Stable Money Suryoday Bank Credit Card
Annual feeFree
Joining feeFree
Top rate0.5% back
Category · Secured Credit Cards (FD-Backed) · India
Cards your fixed deposit approves.
Approval comes from your fixed deposit, not a salary slip or credit score.
Three FD-backed cards currently match: Stable Money Suryoday Bank, IDFC FIRST WOW!, and AU NoMo. Each is issued against a fixed deposit with the bank, needs no income proof, and is open to applicants with a low CIBIL score or no credit history at all. The deposit keeps earning interest while the card is active.
IDFC First Bank
IDFC FIRST WOW! Credit Card
Annual feeFree
Joining feeFree
Top rate4x points
AU Small Finance Bank
AU NoMo Credit Card
Annual feeFree
Joining fee₹199
Top rate2x points
How we define it
The deposit is the underwriting, not your file.
Cards issued against a fixed deposit held with the issuing bank, where the deposit (not income proof or a credit score) is the basis of approval and the credit limit is linked to the deposit value.
Because the bank holds your deposit as collateral, it does not need a credit history, a CIBIL score, or income proof to say yes. That makes these cards the standard first step for students, homemakers, freelancers with irregular income, and anyone rebuilding a score after a default. Repayments are reported to the credit bureaus the same way as on a regular card, which is what builds (or repairs) the score over time.
Every card here carries an explicit FD-backed marker in our catalogue, verified against the bank’s product page. A regular card that merely offers an optional FD variant does not qualify for this page.
FAQ
Common questions
01How does an FD-backed secured credit card work?
You open a fixed deposit with the issuing bank and the bank issues a credit card against it, with the credit limit linked to the deposit value (IDFC FIRST WOW! gives 100 percent of the FD as limit). The FD stays yours and keeps earning interest; Suryoday pays up to 8.10 percent p.a. on the deposit during the card tenure. If you default, the bank can recover dues from the deposit.
02Will a secured card build my CIBIL score?
Yes. Issuers report secured-card repayment history to the credit bureaus exactly as they do for regular cards. Paying the bill in full and on time for 6 to 12 months is the standard route to a first score, or to repairing a damaged one. The bureau record does not mark the card as secured.
03What is the minimum fixed deposit required?
It varies by bank. IDFC FIRST WOW! requires a deposit of at least ₹20,000. Suryoday (Stable Money) and AU Small Finance Bank set their own minimums, which change with their FD products, so check the current figure on the bank’s page before applying. Your credit limit scales with the deposit, so a larger FD means more usable limit.
04Do secured cards charge joining or annual fees?
Mostly no. Stable Money Suryoday and IDFC FIRST WOW! are lifetime free with zero joining and annual fees. AU NoMo charges a one-time ₹199 joining fee (plus taxes) and no annual fee from the second year. All three appear with their current fee status on this page.