FD-Backed Business Card

IDFC FIRST Bank now offers a metal credit card for small business owners and entrepreneurs that is backed by your fixed deposit. You get a business credit limit without needing a separate loan or collateral — your FD does the work.

Here's what happened: IDFC FIRST Bank has launched an FD-linked metal credit card designed specifically for entrepreneurs and small business owners seeking dedicated business credit.. The card provides a credit limit tied to your fixed deposit, covering business expenses like office supplies, SaaS subscriptions, digital marketing, and travel.. FD-backed credit cards are secured products — the bank holds your FD as collateral, making approval easier even if your business credit history is thin..

What you should do: Check if your existing IDFC FIRST Bank FD qualifies — most banks allow 80–90% of FD value as credit limit on secured cards.. Compare the annual fee and reward structure of this metal card against other business credit cards like HDFC BizFirst or SBI Platinum Corporate before applying.. Use this card strictly for business expenses and pay the full outstanding every month — letting an FD-backed card go overdue damages your CIBIL score AND puts your FD at risk..

FD-backed credit cards are one of the fastest ways for a new business owner or self-employed individual with low CIBIL score to build a strong credit history — use it for 12 months, pay in full, and you may qualify for unsecured business credit next.