Why do I create an FD to get a credit card?

Created by Dada Khalandar khalandar S, Modified on Fri, 28 Mar at 5:58 PM by Dada Khalandar khalandar S

You will need to create a fixed deposit of Rs 5,000 (minimum) in the app because your credit card limit will be the same as your fixed deposit amount.

For example, if you do an FD of Rs 50,000, the credit card limit will be Rs 50,000. Your monthly bill will be generated upon usage, which needs to be paid to reinstate the credit card limit. So, you enjoy a free credit period while your FD earns interest for you!

Note: The maximum credit card limit is 25 lakhs.

For more details, you can watch this video