Secured credit cards in India are ideal for individuals who are new to credit or have a low credit score. These cards are issued against a fixed deposit (FD), where the deposit acts as collateral, reducing the risk for the bank. Secured credit cards are a stepping stone to build or repair your credit history while enjoying the perks and benefits of a credit card.

Secured credit cards function just like regular credit cards but are backed by an FD. The credit limit is typically set as a percentage (80-100%) of the FD amount. This makes approval easy, even for individuals with poor or no credit history. Banks use the FD as a security measure, ensuring the cardholder can cover the credit if they default on payments.

Some popular secured credit cards in India include the SBI Unnati Credit Card, ICICI Bank Instant Platinum Credit Card, IDFC FIRST Bank WOW Credit Card, and Kotak 811 #DreamDifferent Credit Card. These cards are issued against a fixed deposit and are great options for building or improving credit​