FD backed Credit Card

Hey guys!

Thanks for everyone’s reply. I finally came to a conclusion. If someone is a beginner with no Cibil and wants to improve the Cibil score, then they can have a FD backed Credit Card. In my case, I already have a credit card and I have a good Cibil too, so I am not going to have a FD backed Credit Card. Instead I will use the amount to invest in NCDs or in SGB or maybe even in MFs.

Thanks again for all your valuable replies. Have a great day.

only go for fd card if you don’t have cibil once your score gets generated after using the fd card, switch to an unsecured/regular credit card

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