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