PNB Credit Cards Against Fixed Deposit (FD)

1. Students without steady incomes but a Fixed Deposit with PNB can obtain credit cards against their FDs.
2. Customers with bad credit scores can apply for credit cards against FD.
3. Zero joining fees or annual fees charged for credit cards against FD.
4. You need not provide income proof or IT return statements.
5. If you have a bad credit history, with credit cards against FD, you can build a better credit history. However, failure to make regular credit card bill payments will negatively affect your credit history.
6. You can avoid tedious application and documentation process in the case of credit cards against FD as you already have a relationship with the bank with regards to your PNB Fixed Deposit account.
7. Interest-free period is higher for credit cards against Fixed Deposit in comparison to regular credit cards.
8. Outstanding credit card payments will be deducted from your FD account balance.

Fees and charges for PNB credit cards against Fixed Deposit

Listed below are the various fees and charges applicable to PNB credit cards against Fixed Deposit:

Though credit card against Fixed Deposit is easily available, you should be careful with the spending limit on your card. Similarly, failure to pay credit card bills on time can further affect your credit history. As outstanding dues will be deducted from your FD balance, when you withdraw from your FD at the end of the term, you will not have much money left. Use your credit card against PNB FD to improve your credit history by paying the credit card bills on time.

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