Secured Credit Card: What It Is And Should Students Get One?​

Thanks to secured credit cards, anyone without a credit history can obtain a credit card. Here’s what they are all about.

Secured credit cards - meaning

Secured credit cards are issued against a fixed deposit (FD). They do not require a credit score or income proof.

Anyone above 18 years old can open an FD account and get a secured credit card against it. The credit limit depends on the FD amount. There are several benefits of owning a secured credit card.

Reward Points

Earn Reward Points on secured credit card transactions and redeem them for cashback, discounts or even credit card bill payments.

Credit access

New-to-credit users, like students and home-makers, can transact on credit and pay for their purchases later.

Build credit score

With a good repayment record and credit use, secured credit cardholders can establish or rebuild their credit journey to obtain better credit products in the future.

Apply for the lifetime-free FIRST WOW! Credit Card with an FD of just ₹10,000 and unlock all the benefits of a secured credit card and more!