The Top 5 Benefits Of Having A FD Credit Card.

      Welcome to Bankboi.com a place where people come to learn everything about banking and finance.  Here we will see the Top 5 Benefits Of Having A FD Credit Card. First, let's see what FD Credit Card is. FD Credit cards are the same Credit Cards as regular Cards but these cards banks offer you against Fixed Deposit in the Bank. In India, many banks offer Credit Cards against FD you can easily apply and own it although your Credit Score is not good enough. 

Some of the top benefits of having an FD credit card include: 

1. FD cards can help people build up their credit history and improve their credit score.  - 

   As we All Know that healthy credit score is important for many reasons. A high credit score means you’re a low-risk borrower, which could lead to savings on things like car insurance and mortgages. Plus, if you ever need to borrow money in a hurry, you’ll have plenty of options. If you take Credit Card  Against FD you can Build up Good Credit Score If you Pay CreditCard Bills on Time. If you have a bad credit score History You can Simply Improve it through FD Credit Card.   

There are several ways to build a good credit score. A few methods are as follows:

  • 1. Make all of your payments on time. This is the most important factor in determining your credit score.
  • 2. Keep your credit utilization ratio low. This means using less than 30% of your available credit at any given time.
  • 3. Have a diverse mix of credit accounts. This will show that you can responsibly handle different types of debt.
  • 4. Pay attention to your credit score and credit

2. FD credit cards offer customers a convenient way to make purchases and track expenses. 

  You can easily Track your Expenses and improve Your financial health proper way. It helps us to find where we use our money and how to manage it.

3. FD cards offer Rewards programs that give cash back or points for every dollar spent using the card. 

      Almost Every Credit Card Company/Bank offers Reward Points when you purchase Something through your Credit Card. You can use your Reward points or cash to purchase products with the rewards (some merchants might require a minimum number of points for redemption). The best part is that any time you use your points or cash to buy anything online, there are no fees involved!

4. Earn Interest on your FD (Fixed Deposit) - 

You can earn interest on your FD. Although you use your Credit Card your Fixed Amount is Safe and Generate Interest Money. By applying for a credit card with your existing bank you can earn up to 6% on your fixed deposits.

5.FD credit cards may come with additional perks such as travel insurance, rental car insurance, and extended warranties on purchases made using the card.

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