Bad credit is an indication to the lenders that you have been inconsistent with your financial responsibility in the past. With a bad credit score, it is unlikely to qualify for a loan or credit card as lenders consider your profile risky. However, with a collateral to recover in case of defaults, it is possible to get a secured credit card. 

A secured credit card can be availed against your fixed deposit. The card issuer allocates up to 80% of your fixed deposit as credit limit on the card. Following are some of the popular secured credit cards available in India. 

1. Kotak Mahindra Aqua Gold Credit Card

  • No joining fees

  • For fuel surcharge waiver for all transactions between Rs. 500 to Rs. 3000

  • Interest-free cash withdrawal for up to 48 days

  • Credit limit up to 80% of the term deposit

2. Andhra Bank - VISA Signature Credit Card

  • Interest free period up to 50 days from the date of purchase

  • Fuel surcharge waiver up to Rs. 4000

  • Accidental Insurance Coverage

  • Complimentary airport lounge access

3. Bank of Baroda Assure Credit Card

  • Zero annual fees

  • Zero fuel surcharge

  • Cash withdrawal up to 100% in case of emergency

  • Easy EMI option

4. Axis Bank Insta Easy Credit Card

  • Interest free period up to 50 days

  • 1% of fuel surcharge waiver

  • Credit limit up to 80% of term deposit

  • No joining fee or annual fee